• WSJ (paid subscription required), Monday, January 9, 2006 10:45 AM

Making good on its promise to help find outside investors to offset the cost of its deal for DreamWorks SKG, Paramount Pictures says it is in negotiations with financier George Soros' private equity fund for the sale of DreamWorks' movie library.  Paramount has said it seeks something close to $1 billion for DreamWorks' 59-title library, which includes such hits as “American Beauty” and “Gladiator.”  According to a story in the Wall Street Journal, it's not clear if Soros' fund is the only outside investor involved in the discussions with Paramount.  The studio, now run by Bray Grey, a former talent agent, hopes to find an investment partner--or partners--for its DreamWorks purchase within the next several weeks, before parent company Viacom begins its annual investor road show, the Journal reports.

Read the whole story at WSJ (paid subscription required) »