Comcast to buy DreamWorks Animation for $3.8 billion

The acquisition will add major children's franchises to Universal's film library such as "Shrek," "How to Train Your Dragon" and "Kung Fu Panda," which it could tap for its growing theme parks and consumer products businesses. Comcast's Universal Pictures found success with blockbuster family films like "Despicable Me" and "Minions," but this deal will ramp up its portfolio. DreamWorks' burgeoning TV business will also be a boon to Universal, Wall Street analysts said.