NBCUniversal Buys Out All of DreamWorks Animation
It’s official NBCUniversal/Comcast now owns DreamWorks Animation, ending the company’s independent ownership. The announcement was made today in an official press release by NBCUniversal, which is a division of the Comcast Corporation. The acquisition includes all of DreamWorks Animation’s animated brands, feature films, TV series, specials, live entertainment and related consumer products. Comcast purchased the company for the value of $3.8 billion. What does this mean for DreamWorks Animation? According to Comcast, the studio will now become part of the Universal Film Entertainment Group, alongside Universal Pictures, Fandango and NBCUniversal Brand Development. This seems to imply that DreamWorks will not completely dissolve and remain some level of autonomy. Per the official statement, NBCUniversal CEO Steve Burke stated the following on the acquisition: “DreamWorks Animation is a great addition to NBCUniversal. Jeffrey Katzenberg and the DreamWorks organization have created a dynamic film brand and a deep library of intellectual property. DreamWorks will help us grow our film, television, theme parks and consumer products businesses for years to come. We have enjoyed extraordinary success