NBCUniversal to buy DreamWorks Animation for USD 3.8 bln

Nieuws Video Verenigde Staten 28 APR 2016
NBCUniversal to buy DreamWorks Animation for USD 3.8 bln

Comcast announced an agreement for its subsidiary NBCUniversal to acquire the film studio DreamWorks Animation for USD 3.8 billion. The deal will strengthen its Universal Pictures division with a range of especially family entertainment, which can also be distributed across its other media, broadband and theme park properties. DreamWorks Animation stockholders will receive USD 41 in cash per share in the takeover expected to close by the end of 2016, pending regulatory approval. 

Following the takeover, DreamWorks Animation CEO and co-founder Jeffrey Katzenberg will become Chairman of DreamWorks New Media, a new unit grouping Comcast's stakes in Awesomeness TV and NOVA. Katzenberg will also serve as a consultant to NBCUniversal. 

DreamWorks Animation is the developer of popular film franchises such as Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon. It also includes a TV operation with hundreds of hours of original, animated content distributed across linear and SVOD platforms in more than 130 countries. Additionally, DreamWorks Classics, a large library of characters including Where's Waldo and Rudolph the Red-Nosed Reindeer, will become part of the NBCUniversal portfolio. 

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