Tuesday, 21 August 2012

DreamWorks Sign With Fox

DreamWorks Animation's distribution deal with Paramount comes to a close at the end of the year - with Paramount looking to cut out the middle man and set up their own animation studio - which left DreamWorks looking for a new partner. Studios rumoured to be in consideration were Warner Bros., Twentieth Century Fox and Sony, and today, Deadline tells us that the house that brought us Shrek has now signed a five year distribution deal with Fox.

Per the deal, Fox will receive an 8% cut of box office and home video takings, and 6% of digital takings - meaning DreamWorks' lucrative deal with Netflix. DreamWorks CEO, Jeffrey Katzenberg, called the deal "an absolute win-win".

Of note also, is that Fox already has its own built-in animation division, Blue Sky Studios, which is pretty damn successful. Fox's Jim Gianopulos and Tom Rothman spoke about this in a DreamWorks conference call, saying:

“We are particularly excited to add DreamWorks Animation’s films to the strong and growing slate of movies from our outstanding Blue Sky Studios division, which is coming off another global blockbuster with Ice Age: Continental Drift, and has Epic and Rio 2 in advanced production. Together we will be a dominant force in animated entertainment for years to come.”

The first film released under this new deal will be Chris Sanders' The Croods, due on 22nd March, 2013.

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