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DreamWorks Pictures
DreamWorks SKG
DreamWorks, LLC
DW Studios, LLC
Type Public
Founded 1994
Founder(s) Steven Spielberg
Jeffrey Katzenberg
David Geffen
Headquarters Universal City, California, United States
Products motion pictures, television programs
Revenue $4.5 billion USD (2008)
Employees 120,000 (2008)

DreamWorks Pictures, also known as DreamWorks,LLC, DreamWorks SKG, DreamWorks Studios or DW Studios, LLC, is an American film studio which develops, produces, and distributes films, video games, and television programming. It has produced or distributed more than ten films with box-office grosses totalling more than $100 million each. Its most successful title to date is Shrek 2.[1]

DreamWorks began in 1994 as an ambitious attempt by media moguls Steven Spielberg, Jeffrey Katzenberg, and David Geffen (forming the SKG present on the bottom of the DreamWorks logo) to create a new Hollywood studio. In December 2005, the founders agreed to sell the studio to Viacom, parent of Paramount Pictures. The sale was completed in February 2006. In 2008, DreamWorks announced its intention to end its partnership with Paramount and signed a US$1.5 billion deal to produce films with India's Reliance ADA Group.[2] Reliance provided $325m of equity to fund recreating Steven Spielberg's DreamWorks studio as an independent entity. The movie studio is 50% owned by Reliance which is led by Anil Ambani.[3]

DreamWorks' animation arm was spun-off in 2004 into DreamWorks Animation SKG. Its films were distributed worldwide by Paramount, but the animation studio remained independent of Paramount/Viacom.

On February 9, 2009, DreamWorks entered into a long-term, 30-picture distribution deal with The Walt Disney Company by which the films will be released through the Touchstone Pictures banner over the next five years. The deal came after negotiations broke off with Universal Pictures just days earlier.[4] However, this deal does not include DreamWorks' animation department.

Contents

History

The DreamWorks SKG logo

The company was founded following Katzenberg being fired from The Walt Disney Company in 1994. At the suggestion of Spielberg's friend, the two made an agreement with long-time Katzenberg collaborator Geffen to start their own studio. The studio was officially founded on October 12, 1994 with financial backing of $33 million from each of the three main partners and $500 million from Microsoft co-founder Paul Allen.

DreamWorks Interactive is a computer and video game developer founded in 1995, as a subsidiary of DreamWorks SKG.

In 1998, DreamWorks released their first full-length animated feature, Antz.

In 1999, 2000 and 2001, DreamWorks won three consecutive Academy Awards for Best Picture for American Beauty, Gladiator and A Beautiful Mind (the later two with Universal).

On February 24, 2000, Electronic Arts announced the acquisition of DreamWorks Interactive from DreamWorks and merged it with EA Pacific and Westwood Studios. DreamWorks Interactive became EA Los Angeles (EALA).

DreamWorks Records, the company's record label (the first project of which was George Michael's Older), never lived up to expectations, and was sold in October 2003 to Universal Music Group, which operated the label as DreamWorks Nashville. That label was shut down in 2005 when its flagship artist, Toby Keith, departed to form his own label.[5]

The DreamWorks Animation logo

The studio has had its greatest financial success with movies, specifically animated movies. DreamWorks Animation teamed up with Pacific Data Images (now known as PDI/DreamWorks) in 1996, emerging as the main competitor to Pixar in the age of computer-generated animation and creating some of the highest grossing animated hits of all time, such as Antz (1998), The Prince of Egypt (1998), Shrek (2001), its sequels Shrek 2 (2004) and Shrek the Third (2007); Shark Tale (2004), Madagascar (2005), Over the Hedge (2006), Flushed Away (2006), Bee Movie (2007), and Kung Fu Panda (2008). Based on the films' success, DreamWorks Animation has spun off as its own publicly traded company.

In recent years, DreamWorks has scaled back. It stopped plans to build a high-tech studio, sold its music division, and has only produced a few television series, Las Vegas, Carpoolers, and On the Lot, for example.

David Geffen admitted that DreamWorks had come close to bankruptcy twice. Under Katzenberg's watch, the studio suffered a $125 million loss on Sinbad: Legend of the Seven Seas,[6] and also overestimated the DVD demand for Shrek 2.[7] In 2005, out of their two large budget pictures, The Island bombed at the domestic box office, while War of the Worlds was produced as a joint effort with Paramount which was the first to reap the profits.[6]

In December 2005, Viacom's Paramount Pictures agreed to purchase the live-action studio. The deal was valued at approximately $1.6 billion, an amount that included about $400 million in debt assumptions. The company completed its acquisition on February 1, 2006.[8]

On March 17, 2006, Paramount agreed to sell a controlling interest in the DreamWorks live-action library (pre-09/16/2005; DW Funding, LLC) to Soros Strategic Partners and Dune Entertainment II.[9] The film library is valued at $900 million. Paramount retained the worldwide distribution rights to these films, as well as various ancillary rights, including music publishing, sequels, and merchandising—this includes films that had been made by Paramount and DreamWorks (the music publishing rights were later licensed to Sony-ATV Music Publishing when that company acquired Paramount's Famous Music subdivision). The sale was completed on May 8, 2006.[10]

In June 2008, Variety reported that DreamWorks was looking for financing that would allow it to continue operations as an independent production company once its deal with Paramount ended later in the year.[11] Most of the money to do the new studio would come from an Indian investment firm called Reliance ADA Group. The DreamWorks trademarks are owned by DreamWorks Animation, and the new company would need their approval to use the trademarks. In September 2008, it was reported by Variety that Dreamworks closed a deal with Reliance to create a stand-alone production company and end its ties to Paramount.[12]

On March 12, 2007, DreamWorks Animation announced it would release all of its films, beginning with Monsters vs. Aliens (2009), in RealD stereoscopic 3D.[13]

The Dreamworks logo features a young boy sitting on a crescent moon while fishing. The general idea for the logo was from company's co-founder Steven Spielberg. Spielberg originally wanted a computer generated image, whereas Visual Effects Supervisor Dennis Muren, of Industrial Light and Magic suggested a hand-painted one. Muren contacted friend and artist Robert Hunt to paint it. Hunt worked both versions featuring his son William as a model for the boy, and Spielberg liked the CGI one better. The music accompanying the logo as a movie starts was composed by John Williams. The main logo shows the scene at night, while the Dreamworks Animation logo shows it during the day. The "Night" Logo is Dark Blue. A similar moon-fishing boy can also found in the drawings of cartoonist Winsor McKay (Little Nemo)

The logo attached to feature films was made at ILM based on paintings by Hunt, in collaboration with Kaleidoscope Films, Dave Carson, and Clint Goldman.[14]

Trivia

  • Currently, United International Pictures, a joint venture of Paramount and Universal, has the rights to release DreamWorks' films internationally, and will also handle releases from the new DreamWorks.
  • The broadcast rights to many DreamWorks films are owned by ABC. Ironically, ABC (along with Pixar) is owned by Disney, with which Katzenberg had a falling out.
  • Edwin R. Leonard, CTO of Dreamworks Animation, won a special achievement award at the 2008 Annies for driving their innovative work with Open Source Software and Linux.[15]

Filmography

DW Funding

First film library spun off in DW Funding, LLC and controlling interest sold to Soros Strategic Partners LP and Dune Entertainment II LLC.

Title Release Date Notes
The Peacemaker September 26, 1997
Amistad December 10, 1997 (co-production with HBO Films)
MouseHunt December 19, 1997
Paulie April 17, 1998
Deep Impact May 8, 1998 (co-production with Paramount Pictures)
Small Soldiers July 10, 1998 (with Universal Studios)
Saving Private Ryan July 24, 1998 (with Paramount Pictures, Amblin Entertainment, and Mutual Film Company)
Antz October 2, 1998
The Prince of Egypt December 18, 1998
In Dreams January 15, 1999
Forces of Nature March 19, 1999
The Love Letter May 21, 1999
The Haunting July 23, 1999
American Beauty September 15, 1999
Galaxy Quest December 25, 1999
The Road to El Dorado March 31, 2000
Gladiator May 5, 2000 (co-production with Universal Studios)
Road Trip May 19, 2000
Small Time Crooks May 19, 2000
Chicken Run June 21, 2000 (co-production with Pathé and Aardman Animations)
What Lies Beneath July 21, 2000 (co-production with 20th Century Fox and ImageMovers)
Almost Famous September 15, 2000 (co-production with Columbia Pictures)
Meet the Parents October 6, 2000 (co-production with Universal Studios)
The Contender October 13, 2000 (co-production with Cinerenta Medienbeteiligungs KG)
The Legend of Bagger Vance November 3, 2000 (co-production with 20th Century Fox and Allied Filmmakers)
Joseph: King of Dreams November 7, 2000 (direct to video)
Cast Away December 7, 2000 (co-production with 20th Century Fox, ImageMovers and Playtone)
An Everlasting Piece December 25, 2000 (co-production with Columbia Pictures)
The Mexican March 2, 2001 (co-production with Newmarket Films)
Shrek May 18, 2001
Evolution June 8, 2001 (co-production with Columbia Pictures)
A.I. Artificial Intelligence June 26, 2001 (co-production with Warner Bros.)
The Curse of the Jade Scorpion August 24, 2001 (in association with VCL Communications GmbH)
The Last Castle October 19, 2001
A Beautiful Mind December 21, 2001 (co-production with Universal Pictures and Imagine Entertainment)
The Time Machine March 8, 2002 (remake of 1960 film) (with Warner Bros.)
Hollywood Ending May 3, 2002
Spirit: Stallion of the Cimarron May 24, 2002
Minority Report June 21, 2002 (co-production with 20th Century Fox and Amblin Entertainment)
Road to Perdition July 12, 2002 (with 20th Century Fox)
The Tuxedo September 27, 2002
The Ring October 18, 2002
Catch Me If You Can December 25, 2002
Biker Boyz January 31, 2003
Old School February 21, 2003
Head of State March 28, 2003
Sinbad: Legend of the Seven Seas July 2, 2003
Seabiscuit July 25, 2003 (co-production with Universal Studios and Spyglass Entertainment)
Anything Else August 27, 2003
Millennium Actress September 21, 2003 (Go Fish Pictures division)
The Cat in the Hat November 21, 2003 (co-production with Universal Studios and Imagine Entertainment)
House of Sand and Fog December 19, 2003
Paycheck December 25, 2003 (co-production with Paramount Pictures)
Win a Date with Tad Hamilton! January 23, 2004
Eurotrip February 20, 2004
Envy April 30, 2004 (with Columbia Pictures and Castle Rock Entertainment)
Shrek 2 May 19, 2004
The Stepford Wives June 11, 2004 (remake of 1975 film) (co-production with Paramount Pictures)
The Terminal June 18, 2004
Anchorman: The Legend of Ron Burgundy July 9, 2004
Collateral August 6, 2004 (with Paramount Pictures)
Shark Tale October 1, 2004
Surviving Christmas October 22, 2004
Lemony Snicket's A Series of Unfortunate Events December 17, 2004 (co-production with Paramount Pictures and Nickelodeon Movies)
Meet the Fockers December 22, 2004 (co-production with Universal Studios)
The Ring Two March 18, 2005
Madagascar May 27, 2005
War of the Worlds June 29, 2005 (co-production with Paramount Pictures and Amblin Entertainment)
The Island July 22, 2005 (with Warner Bros.)
Red Eye August 19, 2005
The Chumscrubber August 26, 2005 (distribution by Go Fish Pictures division)
Just Like Heaven September 16, 2005

Between the "Soros era" and the Paramount era

This library was retained by DreamWorks, but released before Paramount fully took over distribution.

Title Release Date Notes
The Prize Winner of Defiance, Ohio September 30, 2005 (co-production with Go Fish Pictures and Imagemovers)
Wallace and Gromit: The Curse of the Were-Rabbit October 7, 2005
Dreamer October 21, 2005
Memoirs of a Geisha December 9, 2005 (co-production with Columbia Pictures, Spyglass Entertainment, Amblin Entertainment, and Red Wagon Entertainment)
Munich December 23, 2005 (co-production with Universal Pictures, Amblin Entertainment, The Kennedy/Marshall Company, Barry Mendal Productions and Alliance Atlantis)
Match Point December 28, 2005 (co-production with BBC Films)
She's the Man March 17, 2006 (with Lakeshore Entertainment)

Paramount

Title Release Date Notes
The Last Kiss September 15, 2006 (distribution only) (with Lakeshore Entertainment)
Flags of Our Fathers October 20, 2006 (with Warner Bros.)
Dreamgirls December 15, 2006 (with Paramount Pictures)
Letters from Iwo Jima December 20, 2006 (with Warner Bros.)
Perfume: The Story of a Murderer December 27, 2006 (distribution only, produced by Constantin Film)
Norbit February 8, 2007
Blades of Glory March 30, 2007 (with MTV Films and Red Hour Films)
Disturbia April 13, 2007
Transformers July 2, 2007 (with Paramount Pictures and Hasbro)
The Heartbreak Kid October 5, 2007
Things We Lost in the Fire October 19, 2007
The Kite Runner December 14, 2007 (with Paramount Classics, Sidney Kimmel Entertainment and Participant Productions)
Sweeney Todd: The Demon Barber of Fleet Street December 21, 2007 (with Warner Bros., Parkes/MacDonald Productions, and The Zanuck Company)
The Ruins April 4, 2008 (co-produced with Spyglass Entertainment and Red Hour Films)
Tropic Thunder August 8, 2008 (co-produced with Red Hour Films)
Ghost Town September 19, 2008 (co-produced with Spyglass Entertainment)
Eagle Eye September 26, 2008
Revolutionary Road December 26, 2008 (co-produced with Paramount Vantage and BBC Films)
Hotel for Dogs January 16, 2009 (with Nickelodeon Movies)
The Uninvited January 30, 2009 (co-production with Cold Spring Pictures, Parkes/MacDonald Productions, The Monecito Picture Company, and Vertigo Entertainment)
I Love You, Man March 20, 2009
The Soloist April 24, 2009 (co-produced with Universal Pictures, StudioCanal, Participant Media, Between Two Trees, Working Title Films, and Krasnoff/Foster Entertainment)
Transformers: Revenge of the Fallen June 24, 2009 (co-production with Paramount Pictures)
Paranormal Activity September 25, 2009 (with Paramount Pictures)
The Lovely Bones December 11, 2009 (co-production with Paramount Pictures, FilmFour, and Wingnut Films)
She's Out Of My League March 12, 2010 (co-production with Mosaic Media Group)
Dinner for Schmucks July 23, 2010 (with Spyglass Entertainment)

Walt Disney Studios Motion Pictures

Title Release Date Notes
Cowboys & Aliens June 24, 2011 (with Universal Pictures and Imagine Entertainment)

TV series and specials

Musical artists

Computer and video games

Animations

References

External links

Coordinates: 34°09′26″N 118°17′06″W / 34.157326°N 118.285096°W / 34.157326; -118.285096


Simple English

DreamWorks (also known as DreamWorks Pictures or DreamWorks SKG) is one of the big American movie studios which makes, pays for, and releases films, video games, and television shows. DreamWorks has made more than ten films which have made more than $100 million. Some of the movies that it made include American Beauty, Gladiator, Shrek, Madagascar and Wallace and Gromit: The Curse of the Were-Rabbit. Its most successful movie is Shrek 2. The movie was Shrek the Third in 2007 and Shrek Forever After in 2010. The movie was How to Train your Dragon successful in 2010. The SpongeBob SquarePants Movie is a film in 2005 in Simple English and 2004 in English Standard.

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