Viacom's Paramount seems likely to sell DreamWorks movie library of 59 titles including hits such as "Gladiator" and "American Beauty" to Soros' private equity fund to help them finance their $1.5bn acquisition of DreamWorks.
Both Viacom and Paramount are constrained in what they can finance as the company is splitting from CBS. So Paramount is forced to find financing or a partner. This could be a neat solution. It seems the library may even go for over $850M.
So what Paramount's new CEO seems to need most of all is new talent and new blood at Paramount. If he sells the movie catalogue he's just left with the studio and the founders, Spielberg in particular. So this deal is all about re-inventing Paramount, not about content assets.
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