Dreamworks Animation Jumps From Paramount To Fox

Subscribe to Dreamworks alerts

Dreamworks Animation has a new distributor 20th Century Fox. The deal, which in effect unites Jeffrey Katzenberg's studio with Fox's Blue Skies division -- its latest release, Ice Age Continental Drift , has thus far earned $797.4 million worldwide -- makes Fox an animation powerhouse. In a statement, Katzenberg said that his studio will benefit in more ways than one by switching to Fox. As films increasingly are distributed on digital media instead of on expensive film, the physical costs of distribution have been reduced significantly. Moreover, he said, his company will now handle TV distribution in-house. During a conference call, Katzenberg indicated that DWA's current distributor, Paramount, will retain distribution rights on some films that have been in development, but he voiced no regrets. "We enjoyed a fantastic working relationship with Paramount," he said, "They did an excellent job." Shares of DWA and News Corp, which owns 20th Century Fox, were each up about 2 percent at midday trading today (Tuesday).



Tags: Dreamworks

Subscribe to Dreamworks alerts

More Dreamworks

Is DreamWorks Animation About To Be Bought By A Japanese Company For $3.4 Billion?

DreamWorks Animation could be on the verge of being bought by Japanese conglomerate SoftBank, for the hefty price of $3.4 billion, it has been reported....

Penguins of Madagascar Trailer Sees Cumberbatch as "Super-Duper-Smooth" Agent [Trailer + Pictures]

Having stolen nearly every scene in Madagascar – so much so they got their own TV spin-off - Skipper, Kowalski, Rico and Private star...

What Is It About Animated Sequels?

In a Hollywood atmosphere that currently seems obsessed with stretching even the most moderate of box-office successes into a full blown franchise, sequels and prequels...

Rihanna Working on a Concept Album for Dreamworks Animated Feature

Rihanna is reportedly following up her 2012 album Unapologetic with a concept album for an animated film, Home. This is according to DreamWorks Animation CEO...


DreamWorks Buy YouTube Channel AwesomenessTV

AwesomenessTV, a YouTube channel for teenagers, has been snapped up by DreamWorks for the grand sum of $33m as the studio attempts to delve into...

'The Croods' Sequel Green Lighted – Back To The Stone Age We Go!

The Croods may have only just been released in American, but a sequel is already planned. The reviews may not have been perfect, but the...

Dreamworks "Thrilled to be Part of the Television Revolution" As Studio Teams Up With Netflix

TV is changing, and Netflix are keen to become the first name on the lips of those who like to watch it via their Internet...

A Viking And Dragon Promote 'How To Train Your Dragon Live Spectacular'

A man dressed as a Viking and a person dressed in a large baby dragon suit are out on the streets of Toronto promoting 'How...



Dreamworks Newsletter

Subscribe to this news alert service to receive news and reviews on Dreamworks

Unsubscribe | Unsubscribe All