Comcast buying DreamWorks Animation for about $3.55B

Comcast is buying DreamWorks Animation, the film company behind the "Shrek," ''Madagascar" and "Kung Fu Panda" franchises, for approximately $3.55 billion, strengthening its presence in the important and growing business ...

DreamWorks mixing faves, newbies in YouTube debut (Update)

When AwesomenessTV launched as a YouTube channel two years ago, it was a bet by veteran TV and movie producer Brian Robbins on the ability of teen and tween audiences to find videos they love to watch online.

Tablets, apps for children are on the rise

Nick Stepka knew what gift would make his daughter's third birthday a hit, and it wasn't a toy or doll. He gave her a tablet - not a sleek new iPad or a hand-me-down Samsung, but one specifically designed and marketed for ...

DreamWorks says TV revenue to hit $200M by 2015

DreamWorks Animation SKG Inc. says its new deal to provide original TV shows to Netflix will help it double the revenue it gets from TV shows to $200 million by 2015.

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DreamWorks

DreamWorks Pictures, also known as DreamWorks, LLC, DreamWorks SKG, DreamWorks II Distribution Co., LLC, DreamWorks Studios or DW Studios, LLC, is an American film studio which develops, produces, and distributes films, video games and television programming. It has produced or distributed more than ten films with box-office grosses totalling more than $100 million each.

DreamWorks began in 1994 as an ambitious attempt by media moguls Steven Spielberg, Jeffrey Katzenberg and David Geffen (forming the SKG present on the bottom of the DreamWorks logo) to create a new Hollywood studio of which they own 72%. In December 2005, the founders agreed to sell the studio to Viacom, parent of Paramount Pictures. The sale was completed in February 2006. In 2008, DreamWorks announced its intention to end its partnership with Paramount and signed a $1.5 billion deal to produce films with India's Reliance ADA Group. Reliance provided $325M of equity to fund recreating Steven Spielberg's DreamWorks studio as an independent entity. Clark Hallren, former Managing Director of the Entertainment Industries group of J.P. Morgan Securities and Alan J. Levine of J.P. Morgan Entertainment Advisors led the Reliance team in structuring the capital and business plan for the company. The movie studio's distribution is 50% owned by Reliance which is led by Anil Ambani.

DreamWorks' animation arm was spun off in 2004 into DreamWorks Animation SKG. Its films were distributed worldwide by Paramount, but the animation studio remained independent of Paramount/Viacom.

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