DreamWorks Animation IPO Gaining Momentum
According to BUSINESS WEEK, DreamWorks has retained investment bankers Goldman Sachs and JP Morgan to access the timing and procedure of a potential IPO for its animation unit to help pay off its enormous debt. With SHREK 2 coming out May 19, SHARK TALE slated for Oct. 1, 2004, and the FATHER OF THE PRIDE series debuting this fall, the timing of the IPO couldn't be better.