DWA enters into distribution agreement with Fox

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DreamWorks Animation SKG

Dream­Works Ani­ma­tion SKG

Dream­Works Ani­ma­tion announced Mon­day that the Glen­dale, California-based com­pany has entered into a new five-year dis­tri­b­u­tion agree­ment with Twen­ti­eth Cen­tury Fox.

Under the terms of the agree­ment, Fox will assume cer­tain mar­ket­ing and dis­tri­b­u­tion respon­si­bil­i­ties in both domes­tic and inter­na­tional mar­kets for all ani­mated fea­ture films pro­duced by Dream­Works Ani­ma­tion for release from 2013 through 2017.

Fox has long been an indus­try leader in both the­atri­cal and home video, thanks in large part to its well-integrated approach to dis­tri­b­u­tion across a wide range of plat­forms around the globe,” said Dream­Works Ani­ma­tion CEO Jef­frey Katzen­berg. “Jim Gianop­u­los and Tom Roth­man have built a world-class dis­tri­b­u­tion team, and we are excited to apply their exper­tise, robust infra­struc­ture and global resources so that Dream­Works Animation’s films can reach their fullest pos­si­ble poten­tial over the next five years.”

Dream­Works Ani­ma­tion is a great com­pany that makes ter­rific films and every­one here feels priv­i­leged and hon­ored to have been cho­sen to dis­trib­ute their mar­velous work through­out the world,” stated Fox Filmed Enter­tain­ment CEOs and chair­men Gianop­u­los and Roth­man. “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 Rio2 in advanced pro­duc­tion. Together we will be a dom­i­nant force in ani­mated enter­tain­ment for years to come.”

Start­ing in 2013, Dream­Works Ani­ma­tion con­tent will be dis­trib­uted in the more tra­di­tional mar­kets under a fee struc­ture that is sim­i­lar to our exist­ing arrange­ment with our cur­rent dis­trib­u­tor,” con­tin­ued Katzen­berg. “How­ever, our new agree­ment with Fox presents more favor­able eco­nom­ics over­all for Dream­Works Ani­ma­tion because we are tak­ing advan­tage of lower costs asso­ci­ated with the emerg­ing dig­i­tal dis­tri­b­u­tion land­scape and man­ag­ing domes­tic tele­vi­sion dis­tri­b­u­tion in-house.”

Under the terms of the agree­ment, Fox will receive a dis­tri­b­u­tion fee on world­wide the­atri­cal and home video gross receipts as well as on inter­na­tional tele­vi­sion, and on cer­tain dig­i­tal busi­nesses, includ­ing rentals, SVOD and EST. Dream­Works Ani­ma­tion will retain the rights to dis­trib­ute its prod­uct in the domes­tic tele­vi­sion win­dows with­out pay­ing a fee to Fox.

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MrClevland has been a cartoon fan since, well, infancy. He has been writing nearly that long. Opinionated, yes, but backed with a wealth of personal knowledge on the subject. You can give r. C a piece of your mind here.

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