NBCUniversal Concludes US$3.8 Billion Deal to Acquire DreamWorks Animation
posted on by Rafael Antonio Pineda
The Los Angeles Times reported on Thursday that NBCUniversal has concluded a US$3.8 billion deal to acquire DreamWorks Animation.
According to the report, Comcast Corp., the parent company of NBCUniversal, will pay US$41 to DreamWorks shareholders for each share of DreamWorks stock. The transaction is expected to be completed in full later this year.
DreamWorks Chief Executive Jeffrey Katzenberg will head DreamWorks New Media division, a newly created division for NBCUniversal, and will also serve as a consultant to NBCUniversal. The studio will be folded into the Los Angeles-based Universal Filmed Entertainment. DreamWorks Animation will be one of NBCUniversal's animation labels, alongside Illumination Entertainment.
DreamWorks currently owns the licenses to Voltron and Saber Rider and the Star Sheriffs through its acquisition of Classic Media in 2012. The company also owns the licenses to some Godzilla films, and some projects animated in Japan such as Rudolph the Red-Nosed Reindeer, which hired Tadahito Mochinaga and his MOM Film Studio to the actual animation for the film. Netflix and DreamWorks Animation announced an expansion of its 2013 multi-year deal earlier this year, which included the upcoming Voltron: Defenders of the Universe series for Netflix, as well as an original series titled Trollhunters from Guillermo del Toro.
Source: The Los Angeles Times (Meg James)