Shares in Dreamworks were up by more than 15 per cent on Wednesday after it emerged Comcast is considering a takeover of the company.
Shares in Comcast, the creator of the Despicable Me and Minions films, were also up slightly following the news.
Comcast is in talks to buy Dreamworks for more than $3bn (£2.1bn) in a deal that could create a company to rival Walt Disney, according to the Wall Street Journal.
Dreamworks, the maker of Shrek and Kung Fu Panda, currently has a market cap of $2.3bn.
On Wednesday morning in the US, Dreamworks' share price was up 15 per cent to $31.20. At the same time, Comcast's share price was up 2.5 per cent at $62.55.
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In December, Comcast's entertainment arm NBCUniversal was linked with a bid for ITV.
But Comcast later ruled out a move, saying: "We don’t comment on M&A rumours, but the speculation on ITV is just completely inaccurate."
Comcast also today reported better-than-expected results for the first quarter of 2016. Earnings per share were $0.84, above analysts' projections of $0.79, according to Bloomberg.
Both companies have been asked for comment.