DreamWorks Studios, officially called DW II Distribution Co., LLC, also known as DreamWorks, LLC, DreamWorks SKG, DreamWorks Studios or DW Studios, LLC, is an American movie studio. It has made or sold more than ten movies which made more than $100 million each at the box-office.
DreamWorks began in 1994. It was founded by Steven Spielberg, Jeffrey Katzenberg and David Geffen (making the SKG at the bottom of the DreamWorks logo). They own 72% of the company. In December 2005, the founders agreed to sell the studio to Viacom. The sale was done in February 2006. In 2008, DreamWorks announced that it would split from Paramount. It signed a $1.5 billion deal to make movies with India's Reliance ADA Group. Reliance gave $325M to help recreate DreamWorks studio as its own company. Clark Hallren led the Reliance team in making plans for the company. The movie studio is 50% owned by Reliance. Reliance is led by Anil Ambani.
The part of DreamWorks which makes animations was made into DreamWorks Animation SKG in 2004.
References[change | change source]
- AFP: DreamWorks, India's Reliance Sign Major Deal, AFP, September 21, 2008
- Morgan, Richard (October 16, 2009). "Hollywood's enablers". The Deal Magazine. http://www.thedeal.com/newsweekly/dealmakers/weekly-movers-and-shakers/hollywood's-enablers.php. Retrieved April 22, 2010.
- McClintock, Pamela (August 17, 2009). "Reliance, DreamWorks close deal". Daily Variety. http://www.variety.com/article/VR1118007358.html?categoryid=13&cs=1. Retrieved April 22, 2010.
- Indian Tiger Eyes Wounded MGM Lion