DreamWorks Animation
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Sold to Viacom
- DreamWorks Pictures was sold to Viacom, parent of Paramount Pictures in February 2006 (this version is now named DW Studios).
en.wikipedia.org/wiki/DreamWorks_Pictures
In December 2005, the original Viacom, the then-parent of Paramount Pictures, agreed to purchase the live-action studio, still keeping the original name and producing/distribution name. The deal was valued at approximately $1.6 billion, an amount that included about $400 million in debt assumptions. [23]
Kind of, it was originally formed as a division of Dreamworks Pictures however in 2004 they spun off DWA into its own company with Katzenburg heading the new company, Spielberg and Geffen remained as investors and advisors. DWP still distributed DWA films until 2005.
DreamWorks Pictures should’ve kept their animation studio but still distribute and produce but co-distributed by the two aforementioned and one current distributors. Note: Universal now owns both DreamWorks Pictures (with Amblin Partners), and Animation now.
Oct 6, 2023 · EXCLUSIVE: As part of cost-cutting measures, Dreamworks Animation is shifting away from producing films fully in-house at its Glendale, California studio and will rely more heavily on third-party...
Mar 15, 2024 · Workers confirmed that even this film will use a significantly reduced crew since the production is being split between Sony Pictures Imageworks in Canada and the Dreamworks in-house crew.
In December 2005, the original Viacom, the then-parent of Paramount Pictures, agreed to purchase the live-action studio, still keeping the original name and producing/distribution name. The deal was valued at approximately $1.6 billion, an amount that included about $400 million in debt assumptions.
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Apr 14, 2021 · With the close of their distribution agreement with Paramount Pictures, DreamWorks executives needed a new studio to distribute their upcoming films. In 2013, they signed a five-year deal with 20th Century Fox, christening the agreement with the release of ‘The Croods’ in March of that year.
