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Allen and GE seeing green

Mar 28, 2005 12:00 a.m. - Variety.com

Film News: Duo animate D’Works IPO -- Paul Allen and GE are cashing in on "Shrek 2" and "Madagascar." With the green ogre raking in monster moolah on homevideo last quarter and tracking looking strong for DreamWorks Animation’s next pic, Allen, Korean company CJ Entertainment and Vivendi Universal Entertainment, now a part of GE, are planning a $500 million secondary stock offering timed for after the May 27 release of "Madagascar."

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