Paramount Pictures buys independent film studio DreamWorks SKG Inc. in a deal worth $1.6 billion. ... Spielberg said in 1994 that he wanted to create a "playground" for filmmakers.

A private equity group headed by billionaire George Soros has entered into exclusive negotiations to acquire the 59-title movie library of DreamWorks SKG from Paramount Pictures, according to ...

Paramount Pictures celebrated its 100th anniversary Friday. ... Redstone in 1994 succeeded in his mission to own Paramount. And on Friday, ...

In 1994, when Sumner M. Redstone bought Paramount Pictures for about $10 billion, the equivalent of about $22 billion today, he did more than just take over a company. He ascended a cultural throne.