Andre Yoskowitz
25 Sep 2011 22:08
Netflix has signed a new licensing deal to stream films from DreamWorks Animation, the hit studio behind animated film franchises like "Shrek."
The deal will replace a current (but less lucrative) deal DWA has with HBO.
DreamWorks is said to be making $30 million per picture over a specific time period (likely 3-5 years).
Says DWA CEO Jeffrey Katzenberg:
We are really starting to see a long-term road map of where the industry is headed. This is a game-changing deal.
You’re seeing power moving back into the hands of content creators. When a company like DreamWorks ends a long-running pay TV deal — when a new buyer in the space steps up — that’s a really interesting landscape shift.