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Viacom Completes DreamWorks Library Sale

8 May, 2006 By: Jessica Wolf

Viacom Inc. has completed its sale of the DreamWorks library of titles.

The media company sold the library for $900 million to Soros Strategic Partners LP and Dune Entertainment II LLC, an affiliate of Dune Capital Management LP.

The deal had been in the works since mid-March and the library brought in the expected capital for the new Viacom, according to the company.

The sell off was always a part of the strategy for Viacom, which acquired DreamWorks for $1.6 billion at the beginning of the year.

Viacom, via its Paramount Home Entertainment arm, will retain the distribution rights to the DreamWorks library.

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