Dreamworks sells its music unit to Vivendi Universal

dArKeR

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Thu Nov-13-03 07:28 AM
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Dreamworks sells its music unit to Vivendi Universal

Vivendi Universal SA, owner of the world's largest record company, agreed to buy DreamWorks SKG's music unit, which sells albums by artists including Nelly Furtado.

The companies also extended an agreement under which Universal distributes DreamWorks films and videos.

Universal and DreamWorks said in a statement that their film and video contract now will run through October 2010. Closely held DreamWorks, the producer of hit films including Shrek, was founded in October 1994 by director Steven Spielberg, former Walt Disney Co studio executive Jeffrey Katzenberg and music executive David Geffen.

http://www.taipeitimes.com/News/worldbiz/archives/2003/11/13/2003075706

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