Dreamworks Animation wants to go public

Animation studio Dreamworks wants to go to the fair. It has applied for a stock exchange listing with the SEC. Dreamworks is one of the biggest competitors of the Walt Disney animation studios. Dreamworks Animation, part of Dreamworks Studio's, hopes to raise approximately 650 million dollars with the IPO

Animation studio Dreamworks wants to go to the fair. It has applied for a stock exchange listing with the SEC. Dreamworks is one of the biggest competitors of the Walt Disney animation studios.

Dreamworks Animation, part of Dreamworks Studio's, hopes to raise approximately 650 million dollars with the IPO. The initial public offering is provided by the prestigious US investment bank Goldman Sachs.
Dreamworks, the producer of the 'Shrek 2' film and Antz, was founded in October 1994 by director Steven Spielberg, Jeffrey Katzenberg and former record boss David Geffen. Katzenberg left Disney after a big argument with Disney boss Michael Eisner.
Katzenberg was responsible for, among other things, The Lion King. At Dreamworks he is the man behind the success of Shrek 2, which is the best-visited animated film of all time and thus a blockbuster. In the United States alone, the film has yielded more than $ 425 million so far.
Dreamworks Animation recently announced a quarterly loss of $ 25.9 million against a loss of $ 11.9 million in the same period last year. However, in that loss costs were included that were made to promote the movie Shrek 2. The film is now running in the cinema. In addition to Disney, the company also competes with Pixar and Fox's Blue Sky Studios.
DreamWorks Animation, despite the success of the two Shrek films, has been loss-making since 2002. The company has a distribution agreement with DreamWorks Studios whereby DreamWorks Studios receives a distribution fee of 8% and settles all distribution and marketing costs. As a result, the turnover of DreamWorks Animation has decreased substantially, but the costs have also dropped considerably.