Comcast Buys DreamWorks for $3.8 Billion, Aims to Dethrone Disney

Comcast Corporation's latest acquisition will surely give Walt Disney a run for its money. Comcast's entertainment division NBCUniversal inked a deal to purchase DreamWorks Animation Inc. for $3.8 billion. Comcast is the creator of hit movie Despicable Me and the Minions, while DreamWorks' roster include Shrek, Kung Fu Panda, Madagascar, and Casper the Friendly Ghost. Once the transaction is finalized, DreamWorks' beloved characters are expected to appear at Comcast's Universal Studios theme park. The Walt Disney Company is now facing tougher competition with Comcast's purchase. This also indicates that Comcast, the US' largest cable distributor, is adapting to consumers' shift to online content, leaving television behind. DreamWorks provides family-friendly content to Netflix.

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