Share this article

print logo

DREAMWORKS PLANS IPO

Hoping to capitalize on the popularity of its record-setting animated film "Shrek 2," DreamWorks will begin selling stock in its animation division this fall, the company said in documents filed Wednesday.

The studio intends to spin off its DreamWorks Animation Inc. division and offer up to $650 million worth of common stock.

Control of the new entity will remain in the hands of DreamWorks co-founders Jeffrey Katzenberg and David Geffen, according to a registration statement filed with the Securities and Exchange Commission.

There are no comments - be the first to comment