Steven Spielberg is reportedly getting a nice payout after everyone's favourite company, Comcast buys Dreamworks.
The Jaws and E.T. director is in line for a payout of $187million after entertainment giant Comcast, which owns the likes of NBC and Universal Pictures, agreed to buy Dreamworks for $3.8billion.
Spielberg collected the cash haul because he still owns a five per cent stake in the animation studio he helped found in 1994, which has produced films such as Shrek and Kung Fu Panda.
The payout could have been a lot smaller, but stock in Dreamworks jumped 50 per cent in the 24 hours before the deal with Comcast was announced after it was rumored by the Wall Street Journal.
Source - Daily Mail
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