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STAR Group to buy 40 DreamWorks films

23-August-2001
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STAR Group to  buy 40 DreamWorks films

NEWS Corp's STAR Group has signed a deal with Dreamworks Distribution to buy the exclusive pay-television rights for 40 DreamWorks SKG films for broadcast in India and Pakistan. The agreement extended the nine-picture deal brokered between STAR and Dreamworks in June 2000.

DreamWorks Distribution is a unit of DreamWorks, a studio operated by film and music industry giants Steven Spielberg, Jeffrey Katzenberg and David Geffen.

STAR, a wholly-owned subsidiary of News Corp, is an Asian multi-platform content and service provider. News Corp shares last traded at $16.85 in Australia on Wednesday, down 22 cents.

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