DreamWorks Animation, essentially the sole remaining piece of a splashy conglomerate founded in 1994 by Mr. Katzenberg, Steven Spielberg and David Geffen, said it would sell itself to Comcast's sprawling NBCUniversal for $3.8 billion. In return for a personal payout estimated at $420 million, Mr.
It was originally founded on October 12, 1994, as a live-action film studio by Steven Spielberg, Jeffrey Katzenberg, and David Geffen (which together form the SKG of Dreamworks SKG), of which they owned 72%. The studio formerly distributed its own and third-party films.
On April 28, 2016, Comcast officially announced that its NBCUniversal division intended on acquiring DreamWorks Animation for $3.8 billion, valuing the company at $41 per share.
DreamWorks Animation CEO Jeffrey Katzenberg said that the company's film plans had grown too ambitious and led to inconsistent performance. The company has struggled with a weaker-than-expected performance from some films, such as "Mr. Peabody & Sherman," which contributed to a loss in its most recent quarter.
Steven Spielberg Documentary: How Did He Really Become a Billionaire
Did Disney buy DreamWorks?
In August 2016 the corporation was acquired by NBC Universal (also known as NBCUniversal), a subsidiary of Comcast Corporation, which was originally a cable television operator. Owing to the slow pace of animated feature production, the first two DreamWorks Animation features were not released until 1998.
Jeffrey Katzenberg, CEO: $13.5 million (up from $6.4m in 2014) Ann Daly, president: $8 million (up from $4.2m in 2014) Fazal Merchant, CFO: $4.6 million (up from $2.5m in 2014) Michael Francis, former chief global brand officer: $3.2 million (down from $3.3m in 2014)
In a groundbreaking agreement announced in July 2021, Netflix secured a deal with Universal's renowned animation studios, DreamWorks and Illumination. This exclusive partnership grants Netflix the limited-time streaming rights to all new animated movies released by these studios, for the US audience.
Under Spielberg's leadership, the Amblin Entertainment, DreamWorks Pictures and Amblin Television brands leverage their power and broad awareness to tell stories that appeal to a wide range of audiences.
Jeffrey Katzenberg and Steven Spielberg. Curious who had the best week? It was Steven Spielberg and Jeffrey Katzenberg. The cofounders of DreamWorks made out huge on Thursday when Comcast bought DreamWorks Animation for $3.8 billion.
It seems unlikely that anyone could ever overtake Disney in the Hollywood cartoon business, even if they had another 100 years. But DreamWorks movies have certainly provided some healthy competition, with a few specific titles in the company's filmography arguably outshining most of Disney's usual fare.
NEW YORK --(BUSINESS WIRE)-- Advancing its position in kids and family entertainment, NBCUniversal , a division of Comcast Corporation ( NASDAQ : CMCSA), today announced it has completed its acquisition of DreamWorks Animation SKG, Inc. (DWA).
Jim Morris serves as the CEO / President of Pixar Animation Studios. John Lasseter serves as the Chief Creative Officer of Pixar Animation Studios. John started at Pixar Animation Studios... Steve May serves as the Chief Technology Officer of Pixar Animation Studios.
Dreamworks SKG was founded in October 1994 by Steven Spielberg, Jeffrey Katzenberg, and David Geffen. The name "DreamWorks SKG" was announced three months later ("SKG" is merely the initials of the three founding partners' last names).
DreamWorks Animation's first movie was Antz, released two months before A Bug's Life, and thus this studio was born into incessant comparison to Pixar's output, molded by it, becoming the snarky and sarcastic foil to its competitor's earnestness.
Aside from making money from producing NEW films — they are constantly taking in money from the revenue of PAST films they have produced. On top of that they are (or were at one point) receiving money from IP royalties every time one of their characters ends up on a Burger King cup or a lunch box.
