A union between DreamWorks Animation and Comcast Corp. would expand the center of gravity for the animated sector of the film industry in the San Fernando Valley and perhaps challenge industry heavyweight Disney, analysts said Wednesday.
Comcast is reportedly offering $3 billion for Glendale-based DreamWorks Animation.
The Wall Street Journal first reported the deal on Tuesday, citing sources familiar with the transaction.
Partnerships that create cross-pollination between content producers and distribution companies are increasing because such corporate synergy reduces costs associated with buying content and paying to get it to audiences.
Comcast’s Universal Pictures has been dabbling in animation and released the “Despicable Me” franchise and “Minions” in recent years. But Universal is nowhere near the animation powerhouse of Disney.
Moffett notes that Comcast tried to buy Disney 12 years ago and then five years later purchased NBCUniversal.
Acquiring DreamWorks Animation could turn the Comcast family into an animation powerhouse.
Full Content: Daily News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI