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Dreamworks Public Offering 22.07.04 (BBCNews24 close X Running Time Approximately: 2 minutes Playlist Order: [N/A] Source Site: guardian.co.uk/ Shrek producer sells shares Film company DreamWorks SKG plans to sell shares in its DreamWorks Animation unit - producer of films such as Shrek and Chicken Run - to the public, it said yesterday. The film and television production company, founded by three of the entertainment industry's most influential players, said it filed a registration statement with the United States securities and exchange commission for a proposed initial public offering (IPO) of $650m (£354m) of class A stock in the highly regarded unit. DreamWorks was established a decade ago by director and producer Steven Spielberg, former Disney executive Jeffrey Katzenberg and music mogul David Geffen, in hopes of creating a multimedia empire. The animation unit has been the highlight of the operation, with Shrek among the highest grossing films of 2001. Its sequel, Shrek 2, is now booming at the box office worldwide with the lead character voiced by Mike Myers. Investment banks Goldman Sachs and JP Morgan Securities are serving as joint book-running managers for the IPO.

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