tag:blogger.com,1999:blog-22906998.post5038798900304058913..comments2024-03-26T22:42:06.412-07:00Comments on TAG Blog: Real Estate SaleSteve Huletthttp://www.blogger.com/profile/05537689111433326847noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-22906998.post-69705390346908461182015-02-28T07:46:47.921-08:002015-02-28T07:46:47.921-08:00I wish these stories focused on how this is a cash...I wish these stories focused on how this is a cash-flow positive thing for the studio. Sure, I'd concede that JK likely pull this kind of stunt if he wasn't in financial troubles. But this is still a good thing for Dreamworks for now .. and for better times.<br /><br />"Studio executives told Wall Street analysts that the company signed a $185-million deal to sell the lot to an undisclosed buyer. DreamWorks will then lease back the 13-acre property dotted with oaks, olive trees and a koi-filled pond.<br /><br />The decision is among a series of cost-cutting steps aimed at shoring up the studio's balance sheet. "Having a large unencumbered piece of real estate on the balance sheet just doesn't make sense," Chief Financial Officer Fazal Merchant said in a call with analysts."<br /><br /><a href="http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-dreamworks-earnings-glendale-campus-20150225-story.html%E2%80%8B" rel="nofollow">LA Times Article the quote came from</a>Steven Kaplanhttps://www.blogger.com/profile/13630148057269319887noreply@blogger.com