Dreamworks Enters 5 Year Deal with 20th Century Fox
Dreamworks Animated Studios will be entering into a five year distribution deal with 20th Century Fox.
DreamWorks Animation and 20th Century Fox have signed a five year distribution agreement in which all of DreamWorks Animation’s movies released from 2013 to 2017 will come from 20th Century Fox. No further details about the deal have been release. DreamWorks Animation’s current distribution deal with Paramount Pictures ends in November, after which all of the movie studios’ movies will be distributed through 20th Century Fox. DreamWorks has had its movies distributed by Paramount Pictures since 2006, but the two companies were unable to reach a new agreement earlier this year.
The goal of this new merger will hopefully trim costs while furthering plans to find new revenue as DVD sales have shrink. The accord announced yesterday pays News Corp.-owned Fox the same 8 percent film-distribution fee in the U.S. as the deal it replaces with Viacom Inc. Paramount Pictures. DreamWorks Animation will spend less — a 6 percent fee — on growing digital formats such as video-on-demand and online rental, while keeping revenue from domestic television such as Netflix Inc. Also, DreamWorks Animation has announced plans for a New Jersey theme park, as well as an animation studio and live entertainment venture in China. What do you think of this new merger? Are there any movies you are excited to see from Dreamworks?
Source News: Nickutopia