DreamWorks Animation SKG has announced that it will begin operating under the new seven-year distribution deal with Paramount Pictures announced last month. In return for a $75 million payment to DreamWorks Animation, Paramount will be responsible for the marketing and distribution of DreamWorks Animation films and will receive an 8% distribution fee.
Viacom’s Paramount Pictures has just acquired DreamWorks SKG for .6 billion in cash and debt. As a result of the deal, DreamWorks Animation Studios has signed a new distribution deal with Paramount similar to the one with DreamWorks SKG, where an 8% distribution fee earns Paramount marketing and distribution of DreamWorks Animation’s movies. Paramount will […]
DreamWorks Animation today announced two new hires and a promotion, all designed to support the company’s strategy of producing two CG films a year plus direct-to-video movies. John Batter has rejoined DreamWorks Animation as a senior production executive; Jane Hartwell, a nine-year veteran with the company, has been promoted to Head of Global Production; and […]
Lewis Coleman, a DreamWorks Animation board member and former vice chairman and chief financial officer of Bank of America, has been named president of the DreamWorks Animation. Mr. Coleman will report to DreamWorks Animation CEO Jeffrey Katzenberg. Together with COO Ann Daly, Coleman and Katzenberg will lead the company’s efforts as it continues to produce […]
An Associated Press article profiles several small animation studios seeking to challenge the market dominance of animation frontrunners Pixar Animation Studios and Dreamworks Animation SKG. The studios mentioned include Orphanage Animation Studios (who recently hired Samurai Jack and Dexter’s Laboratory creator Genndy Tartakovsky), Wild Brain, and CritterPix.
Two-time Academy Award winner Dustin Hoffman, international superstar Jackie Chan, and award-winning actor Ian McShane are joining Jack Black in the cast of the DreamWorks’ computer-animated comedy Kung Fu Panda. In addition, award-winning actress Lucy Liu is currently in talks with the studio to voice another main role. PR Newswire has details.
Karl M. von der Heyden has been elected to serve on DreamWorks Animation’s Board of Directors, the company announced yesterday. Mr. von der Heyden previously served executive positions at PepsiCo, Inc; RJR Nabisco; Metallgesellschaft Corp.; and H.J. Heinz Company. He currently serves on the boards of Aramark, Inc.; Federated Department Stores, Inc.; PanAmSat Corp.; and […]