DreamWorks is an American animation studio that produces animated films and TV programs.
As of April 2022, the company had put out 42 full-length movies, several of which have gone on to earn enormous sums of money, with Shrek 2 (2004) earning the most at the time of its release.
The Bad Guys, the studio’s most recent picture, was released on April 22, 2022, and its first film, Antz, debuted on October 2, 1998.
Who Owns DreamWorks?
DreamWorks is owned by NBC Universal via Universal Pictures. NBCUniversal itself is owned by Comcast.
So basically, DreamWorks is owned by Comcast. NBCUniversal acquired the animation company in 2016 for $3.8 billion. From 2004 to 2016, the company was independent.
Who founded DreamWorks?
DreamWorks was founded by Steven Spielberg, Jeffrey Katzenberg, and David Geffen as a division of DreamWorks Pictures in 1994.
The animation studio was spun-off into a separate company in 2004. From 2004 to 2016, the studio was independent, until NBCUniversal acquired the studio in 2016.
History of DreamWorks
Three prominent figures in the entertainment industry, including producer and director of films Steven Spielberg, former Disney executive Jeffrey Katzenberg, and music executive David Geffen, established DreamWorks SKG on October 12, 1994. (the three letters taken from the surnames of the founders).
Katzenberg hired some of the best animators from Disney, while Spielberg brought in artists from his London-based studio, Amblimation, to expand the pool of talent. Some of Amblimation’s artists joined DreamWorks when the studio’s final film, Balto, was finished in 1995, while the remainder did so after the studio’s dissolution in 1997.
In order to create the subsidiary PDI, LLC, DreamWorks and Pacific Data Images entered into a co-production agreement in 1995 (PDI held 60% of PDI, LLC, while DreamWorks SKG owned 40%).
Beginning with Antz in 1998, this new division would create computer-generated features. The Prince of Egypt, a film by DreamWorks SKG that year, combined traditional animation methods with CGI.
Three years later, DreamWorks SKG established DreamWorks Animation, a brand-new corporate unit that would frequently develop both kinds of animated feature pictures.
In the same year, DW purchased a 90% stake in PDI and transformed it into PDI/DreamWorks, the Northern California office of its newly formed business division.
On October 27, 2004, the animation department was separated into a stock-trading entity called DreamWorks Animation SKG, Inc. (doing business as DreamWorks Animation LLC), which was listed on the New York Stock Exchange.
While Spielberg and Geffen stayed on board as investors and consultants, Katzenberg oversaw the new division. Additionally, DWA inherited shares in PDI/DreamWorks. They agreed to share all of their films with their former parent up until the delivery of twelve new films, or December 12, 2010, whichever happened first.
DreamWorks Animation won a $155 million deal to purchase Classic Media in July 2012; the company has since changed its name to DreamWorks Classics.
In order to create Oriental DreamWorks, a Shanghai-based entertainment company, to develop and produce original Chinese films and their adaptations, DreamWorks Animation entered into a joint venture with Chinese investment firms in August 2012.
The official announcement that Comcast’s NBCUniversal division wanted to acquire DreamWorks Animation for $3.8 billion, or $41 per share, was made on April 28, 2016.
Chris Meledandri, CEO of Illumination, would take charge of the studio while Jeffrey Katzenberg would continue to be active as head of DreamWorks New Media. Board members authorised the deal, but it still needs regulatory approval.
Top 10 Highest Grossing DreamWorks Movies
|Rank||Movie Name||Gross Earnings|
|1.||Shrek 2||$928.7 million|
|2.||Shrek The Third||$813.8 million|
|3.||Shrek Forever After||$752.6 million|
|4.||Madagascar 3: Europe’s Most Wanted||$746.9 million|
|5.||Kung Fu Panda 2||$665.6 million|
|6.||Kung Fu Panda||$631 million|
|7.||How to Train Your Dragon 2||$621.5 million|
|8.||Madagascar: Escape 2 Africa||$603.9 million|
|9.||The Croods||$587 million|
|10.||Puss in Boots||$554 million|
Shrek 2 released in 2004 is the highest grossing DreamWorks movie of all time. The movie was built on a expense of $150 million and grossed over $928 million worldwide.