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WHEN A LOSS IS AS GOOD AS A WIN
Aug 12 2005 
Ordinarily it's not considered good news when a company reports a $3.7-million loss in a (more)

UNIVERSAL, DREAMWORKS IN EXCLUSIVE ACQUISITION TALKS
Aug 1 2005 
At a board meeting on Friday, GE directors agreed to allow NBC Universal to pursue (more)

DREAMWORKS-UNIVERSAL MERGER FALLS APART
Wednesday, September 28 2005    Digg!
For the time being, at least, the dream of Steven Spielberg, Jeffrey Katzenberg and David Geffen to create a modern movie studio that would outshine its time-worn rivals, will live on. DreamWorks on Tuesday ended its merger talks with NBC Universal after the GE-owned company reportedly cut its original offer of $1.5 billion. According to several reports, Universal had concluded that the value of DreamWorks had declined as a result of the recent costly failures of The Island and Just Like Heaven. In an interview with Reuters, Geffen said, "They've been trying to make a deal with us from the very beginning and came to us with a price that was acceptable to us, although Steven had many concerns about it. And when they tried to change the price at the end, we decided not to go forward." The Associated Press, citing an unnamed source, reported that Spielberg had also balked at Universal's demand for budget approval of DreamWorks movies that would cost more than $100 million. (Under the proposed deal, DreamWorks would have continued as a separate division of Universal.) Geffen told the AP that while he was sad about the breakdown of the talks, Spielberg was "happy." Some analysts expressed skepticism that a Universal/DreamWorks merger was kaput. "These things tend to go away and then come back again after they stew a little bit," media analyst Hal Vogel told today's New York Daily News.


DREAMWORKS UNVEILS SLATE
Wednesday, September 21 2005 
DreamWorks Animation, whose stock has taken a beating in recent months after a series of bad-news, unveiled its development slate through 2009 Tuesday in an apparent effort to spark investor excitement in the company's potential. The company's two-pictures-per-year agenda includes the 2008 release of Kung Fu Panda, in which Jack Black will provide the voice for the title character. The year will also see the release of a sequel to the company's recent hit Madagascar. (more)

DREAMWORKS TO OFFER MADAGASCAR SEQUEL, SHREK STAGE SHOW
Thursday, September 15 2005 
DreamWorks Animation chief Jeffrey Katzenberg confirmed Wednesday that his company plans to produce a sequel to its summer hit Madagascar -- he expects it to premiere in 2008 -- and to mount a Broadway musical production of Shrek. British publications have reported that DreamWorks will be partnering in the stage production with London-based Neal Street Productions, headed by Sam Mendes, who manages to direct hit movies and stage productions with equal accomplishment. (Mendes, who won (more)

Headlines for Monday, March 22, 2010

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