Report: Comcast in talks to buy DreamWorks for more than $3 billion

Jeffrey Katzenberg.
(Image credit: Imeh Akpanudosen/Getty Images)

Sources tell The Wall Street Journal that cable giant Comcast is in talks to buy DreamWorks Animation for more than $3 billion.

The company currently has a $2.3 billion market value. Comcast owns Universal Pictures, and if this deal goes through, it's likely DreamWorks, the studio behind animated hits like Kung Fu Panda and Shrek, would merge with Universal. Universal's animation business, Illumination Entertainment, makes the Despicable Me movies.

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.