Home Industry NBCUniversal Buys DreamWorks Animation

NBCUniversal Buys DreamWorks Animation

DreamWorks Animation Voltron- Legendary Defender Still1NBC Universal announced a deal today that gives DreamWorks Animation stockholders $41 per share in cash for each of their common stock shares in a buyout that values the company at about $3.8 billion in equity.

The buyout was approved by the board of directors of both DreamWorks Animation and Comcast, and is expected to close by the end of 2016 (subject to antitrust approvals in the U.S. and abroad).

If approved, DreamWorks Animation CEO and co-founder Jeffrey Katzenberg will become Chairman of DreamWorks New Media as well as a consultant to NBCUniversal.DreamWorks New Media will be made up of ownership interests in Awesomeness TV and NOVA.

DreamWorks Animation is an animation studio that creates feature films, TV series and specials, live entertainment, and related consumer products.

“DreamWorks will help us grow our film, television, theme parks and consumer products businesses for years to come,” said Steve Burke, CEO of NBCUniversal.

“This agreement not only delivers significant value for our shareholders, but also supports NBCUniversal’s growing family entertainment business,” said Jeffrey Katzenberg.

Source: Dreamworks/NBC Universal via Broadcasting & Cable

HD Report frequently features articles written by guest contributors who are experts in the industry. Our publication is listed in Google News as well as other tech and entertainment forums. If you would like to write a news article, review, or editorial please contact us.


Please enter your comment!
Please enter your name here

4k TV Deals

Hot Pre-orders!

The Lord of the Rings: The Motion Picture Trilogy 4k Blu-ray
The Hobbit: Motion Picture Trilogy 4k Blu-ray

1-Month Free!

Hot Blu-rays!

New Articles

New 4k Blu-ray: Blade, The Lord of the Rings Trilogy, The Hobbit Trilogy & more!

The first of December marks the biggest 4k release date of the year with about 30 Ultra HD Blu-ray editions hitting stores. Many of...

New Blu-ray & Digital Releases Tuesday, Dec. 1st

This week is huge for 4k Blu-ray with The Lord of the Rings: The Motion Picture Trilogy and The Hobbit: The Motion Picture Trilogy among...

‘Crouching Tiger, Hidden Dragon’ releasing to Limited Edition 4k Blu-ray SteelBook

Ang Lee's ground-breaking film Crouching Tiger, Hidden Dragon (2000) is releasing to a Limited Edition Ultra HD Blu-ray SteelBook on Dec. 1, 2020. The 4k/HDR presentation (first...

Ip Man The Complete Collection presents all 4 films on 4k Ultra HD Blu-ray

Ip Man: The Complete Collection is releasing to 4k Ultra HD Blu-ray boxed set on December 15, 2020. The 8-disc collection from Well Go...

Support Us!