DreamWorks Animation board members held a meeting on Thursday (September 25) to discuss an offer from SoftBank that values the studio at $3.4 billion, according to The Hollywood Reporter .
© PA Images / Matt Crossick/EMPICS Entertainment
© Twitter / DreamWorks Animation
Jeffrey Katzenberg would remain as the DreamWorks Animation CEO for at least five years if the deal is accepted, according to highly-placed sources.
A DreamWorks Animation spokesperson said of the acquisition report: "We don't comment on rumours and speculation."
SoftBank recently made headlines with its $20 million investment in the Alibaba Group, a Chinese e-commerce corporation.
Steven Spielberg, Katzenberg and David Geffen launched the animation studio to work in tandem with their DreamWorks SKG production company.
The animation studio was eventually spunoff into its own publicly-traded company in 2004.
A scene from the DreamWorks Animation film Mr Peabody & Sherman
20th Century Fox currently distributes DreamWorks Animation films. The studios most recently released Mr Peabody & Sherman and How to Train Your Dragon 2 .
Penguins of Madagascar is slated to open in cinemas on November 26 in the US and on December 5 in the UK.
Watch a trailer for Penguins of Madagascar below:
LFF 2014 lineup includes Sundance hit Whiplash, James Gandolfini's The Drop
How to Train Your Dragon 3 delayed until 2017
The Penguins of Madagascar go solo in latest teaser trailer - watch
9 best moments from Benedict Cumberbatch's Comic-Con debut
via All - Digital Spy - Entertainment and Media News
0 comments:
Post a Comment