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Jeffrey Katzenberg & Ann Daly Renew Contracts with DreamWorks Animation Through 2017

The Hollywood Reporter notes that Jeffrey Katzenberg and Ann Daly, CEO and COO of DreamWorks Animation, SKG, respectively, have extended their contracts with the animation studio through 2017. Katzenberg’s salary will go from $1 million per year to $2.5 million per year, and he will be eligible for annual cash bonuses of $4 million and long-term equity incentives worth $4.5 million (down from $8 million in his previous contract). If DreamWorks Animation undergoes a change in ownership, Katzenberg will be eligible to collect his compensation for the remainder of the contract or for 2 years, whichever is longer.

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