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DreamWorks buys Classic Media for $155 million

By Washington Examiner
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GLENDALE, Calif. (AP) — “Shrek” movie studio DreamWorks Animation SKG Inc. said Monday that it is buying Classic Media, custodian of a library of movies and TV series that includes “Casper the Friendly Ghost,” ”Lassie,” ”Rocky & Bullwinkle,” and “The Lone Ranger.”

DreamWorks Animation is paying $155 million in cash to Classic Media’s owner, Boomerang Media Holdings. Boomerang was formed by private-equity firm GTCR and Eric Ellenbogen and John Engelman, who founded Classic Media in 2000.

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