NBCUniversal acquires DreamWorks Animation for $3.8bn - Licensing.biz

NBCUniversal acquires DreamWorks Animation for $3.8bn

“DreamWorks will help us grow our film, television, theme parks and consumer products business for years to come,” said NBCUniversal CEO Steve Burke.
Author:
Publish date:
Social count:
0
Dreamworks Shrek.jpg

NBCUniversal is to buy DreamWorks Animation for $3.8 billion in cash as the conglomerate moves to rival the likes of Disney, Time Warner and Viacom.

The studio, responsible for hit kids’ properties such as Shrek and How to Train Your Dragon, will become part of NBCUniversal’s Universal Filmed Entertainment Group.

The deal itself values DreamWorks Animation at $41 a share, taking the total equity value of the deal, including debt, to $4.1 billion.

According to Variety, after the close of the sale, DreamWorks Animation CEO Jeffrey Katzenberg will become chairman of DreamWorks Animation New Media and will serve as consultant to NBCUniversal.

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

“We are fortunate to have Illumination founder Chris Meledandri to help guide the growth of the DreamWorks Animation business in the future.”

The deal is expected to close by the end of the year.

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

“As for my role, I am incredibly excited to continue exploring the potential of AwesomenessTV, NOVA and other new media opportunities, and can’t wait to get started.”

The acquisition bolsters NBCUniversal’s family entertainment offerings, potentially allowing them to plug in DreamWorks Animation’s cartoon characters across its parent company’s Comcast’s array of theme park, children’s TV programming and merchandising holdings.

When compared to other high profile acquisitions, the DreamWorks deal comes in only slightly lower than the $4 billion Disney paid for LucasFilm in 2012 and the $3.96 billion it acquired Marvel for in 2009. 

Related

Featured Jobs

Historic Royal Places Job Logo 620 x 349

Licensing Executive

Historic Royal Palaces (HRP) is a successful, high performing organisation built on strong foundations. An independent charity, we manage the Tower of London, Hampton Court Palace, the Banqueting House, Kensington Palace, Kew Palace and Hillsborough Castle in Northern Ireland. We help everyone to explore the story of how monarchs and people have shaped society in some of the greatest palaces ever built.

Universal Job Logo 620 x 349

Senior Graphic Designer, EMEA - Consumer Products

Working in tandem with the Product Development team and reporting into the Design Manager EMEA, the purpose of this role is to drive forward our creativity across all licensed consumer products. As part of the creative team, you’ll be developing exceptional creative assets and product concepts for numerous NBCUniversal franchises that inspire licensing partners across the entire region.

Aardman Job Logo 620 x 349

Brand Manager (Maternity Cover)

Part of the brand team, The Brand Manager works closely with several members of the department, including Studio Publicist, Community Managers, Licensing, Sales and Attractions and Live Experiences teams to implement local and international strategies in the form of brand plans and maximising on all activity surrounding the properties.

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.