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NBC interested in Dreamworks.

General Electric's(GE) NBC Universal is in talks to possibly buy the live action part of independent studio DreamWorks in what could be a deal worth $1 Billion, according to published reports. However these talks do not include the mega-hit incorperation, DreamWorks Animation SKG Inc. Which is a branch of the live action studio.

Universal Studios and DreamWorks are already partners on several fronts. Universal is already responsible for distrubuting Dreamworks videos and DVD's via Universal Studios Home Video, plus, it also distrubutes it's films internationally through United Pictures International. The two studios also worked together, by co-financing GLADIATOR and Speilberg's upcoming film MUNICH.

Dreamworks has been on a roller coaster of blockbuste hits and big-screen woes. Their most recent film, The Island, which was partnered with Warner Bros. Pictures, only recieved a dissapointing $12.4 Million in it's first three days. But even such a film as the Island, can't taint Dreamwork's previous films such as 1999 Oscar winning film "American Beauty", and 2000's Best Picture: "The Gladiator."

These mega-hits could be responsible for GE's recent thumbs up to enter negotiations to buy Dreamworks.

Quote:

Originally Posted by www.awn.com NBC Universal is one of the world's leading media and entertainment companies in the development, production and marketing of entertainment, news and information to a global audience. Formed in May 2004 through the combining of NBC and Vivendi Universal Ent., NBC Universal owns and operates the No. 1 television network, the fastest-growing Spanish-language network, a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group and world-renowned theme parks. NBC Universal is 80%-owned by General Electric, with 20% controlled by Vivendi Universal.

• AWN.com
• CNN.com