Comcast-owned NBCUniversal buys DreamWorks Animation.
The $3.8 billion deal is expected to close by the end of the year. It is subject to regulatory approval. The DreamWorks Animation brand will remain intact as an imprint.
Jeffrey Katzenberg, DreamWorks Animation CEO, will become chairman of DreamWorks Animation New Media. Chris Meledandri, head of Universal’s Illumination Entertainment animation wing, will oversee operations.
DreamWorks Animation was formed by the merger of the feature animation division of DreamWorks SKG and Pacific Data Images (PDI). It was spun off into a separate public company in 2004, with Jeffrey Katzenberg heading the new division – Steven Spielberg and David Geffen remained on board as investors and consultants.
The studio has released more than 30 feature films, including the franchises of Shrek, Madagascar, Kung Fu Panda, and How to Train Your Dragon.