SoftBank In Talks To Buy DreamWorks Animation?
Here’s an odd tale for the day: SoftBank, as in the Japanese telecom, is in talks to possibly acquire DreamWorks Animation SKG. Apparently DreamWorks has been looking for new funding for a while now, but most companies haven’t been interested. DreamWorks films has been having a certain issue since it went public: its movies would open soft and then build up a huge final gross. Great, right? Well, investors don’t like soft openings, and shares would frequently plummet when a film would open. Sadly, shareholders don’t understand the movie industry, it seems. Thus, getting additional funding could help DreamWorks Animation quite a bit. No paper has been signed yet, but it’ll be interesting to see how this whole affair proceeds.