Tag: David Geffen

  • Paramount Pictures completes acquisition of DreamWorks SKG

    Paramount Pictures completes acquisition of DreamWorks SKG

    MUMBAI: Viacom’s Paramount Pictures announced today that it has closed on its acquisition of DreamWorks SKG for $1.6 billion in cash and assumption of debt.

    The announcement was made by Paramount chairman and CEO Brad Grey. The company noted that it is well along in its process to sell the DreamWorks live action film library.

    Under the agreement, Steven Spielberg and David Geffen of DreamWorks will remain in their respective roles as producer/director and chairman.

    In addition, the company has entered into an exclusive seven year agreement to distribute films from DreamWorks Animation, led by chairman Jeffrey Katzenberg.

  • AFI announces its pick of the year in TV, films

    AFI announces its pick of the year in TV, films

    MUMBAI: The American Film Institute (AFI)has announced the year’s AFI Moments of Significance. These six events were determined to have had an impact on the world of the moving image during the calendar year 2005.

    Each year, AFI Moments of Significance include accomplishments of merit; trends, either new or re-emerging; anniversaries or memorials of special note; and/or movements in new technologies, education, preservation, government or other areas that impact the art film, television and digital media.

    TV breaks out of the box: Television content in the US migrated to multiple screen platforms. Most notably:

    – Apple Computer introduced a new video iPod in concert with a content distribution deal with ABC that made Lost and Desperate Housewives available for download. Later, NBC Universal announced a deal to deliver more than 300 episodes from prime time, cable, late-night and classic TV shows via iPod.

    – Twentieth Century Fox premiered a serial drama created specifically for cellular phones based on its television drama 24. The 24 one-minute long “mobisodes” are based on the series.

    – Time Warner and AOL announced the creation of a new broadband network, named In2TV, that allows on-demand access to thousands of episodes of classic television shows via the Internet.

    In the wake of the popularity of digital video recorders, these technological breakthroughs meet the consumers’ needs for content on demand, but also move the receipt of visual storytelling more dramatically toward an isolated experience, to the point where watercooler phenomena may soon be a term of the past.

    As far as television news goes AFI notes that when Hurricane Katrina decimated America’s Gulf Coast television brought images of American suffering to the world — images that revealed the existence of an underclass not often seen on television and exposed the world’s most powerful country in a deeply sad and unfavourable light.
    In the days that followed, television was not a complacent reporter, but an active participant in the rescue and clean up. When it appeared that local, state and national governments could not respond in a timely manner to the needs of those in trouble, television put a spotlight on the contradictions between what officials were reporting and the images viewers’ were seeing in their living rooms.

    Reminiscent of television’s coverage of the 1968 Democratic Convention, AFI says that this forged a new relationship between television and its audience. The coverage of the hurricane also brought to light the limitations of the medium, where misinformation is embraced as truth and the rush to judgment is fueled by images and words out of context. Ultimately, the coverage was a testimony to the power of television, to bring Americans together, ask difficult questions and offer solutions.

    Covergence comes of age: AFI notes that America OnLine’s exclusive on-line coverage of the multi-city Live 8 concert proved a seismic moment in global access to live events, a role that has evolved from radio to television and, now, to the Internet.

    Over five million viewers logged on to the AOL Live 8 site, drawing a larger audience than MTV and ABC’s primetime highlights special, which averaged 2.9 millions viewers. Additionally, in the following week, there were over 25 million on-demand plays of different performances from the concert.

    The event, AFI says has demonstrated how the Internet allows a breadth and depth of coverage not possible through traditional television broadcasting. On the day of the concert, fans could switch between events, see live updates, access full artist information, and share views with fellow fans. After the event, audiences could relive it on demand, watching what they want, when they want it.

    Technically, it’s of note that AOL provided the largest number of simultaneous video streams in the history of the Internet without a single break, instilling a level of trust in the consumer that is essential in the migration from one technology to another.

    Movies: AFI further notes that the film community continues to consolidate as both Metro-Goldwyn-Mayer and DreamWorks, were bought by larger corporations. Both MGM and DreamWorks were founded by movie mavericks — from Louis B. Mayer to Steven Spielberg, Jeffrey Katzenberg, & David Geffen — and AFI hopes that this trend for consolidation will respect the rich history that marks the cultural legacy and encourage the creative spirit that drives the art form.

    2005 marked a fully found artistic reaction to 9/11 and the new realities created in its wake. Art not only has the ability to expose the complexities of the changed world we live in, but also to provide a unifying voice for a country trying to heal while still in conflict.

    On television, shows like 24, Sleeper Cell, Rescue 9/11 and Battlestar Galactica all dramatize terrorism, heroism and the struggle to find a common ground.

    In theatres, the movies explored these themes in ways that effected audiences physically, intellectually and emotionally: Steven Spielberg’s War Of The Worlds the AFI notes moved and terrified audiences with invaders from another world. George Clooney’s Good Night, And Good Luck celebrated the challenge and bravery of independent journalists.

    The selections were made through AFI’s 13-person jury process in which scholars, artists, critics and AFI trustees discuss, debate and determine the most outstanding achievements of the year, as well as highlight these significant events that shape our culture. Two AFI juries, one for motion pictures and one for television, convened in Los Angeles for two days of deliberations.

  • GE’s NBC Universal eyeing studio major DreamWorks

    MUMBAI: General Electric’s NBC Universal is in talks to buy out the privately held, live-action film studio DreamWorks, according to agency news reports.

    Reports also stated that Universal was considering acquiring the studio founded in 1994 by Steven Spielberg, David Geffen and Jeffrey Katzenberg.

    The board of General Electric (GE), which owns NBC Universal, is scheduled to meet but it’s unclear how much the company would be willing to pay for DreamWorks.

    DreamWorks Animation, the animation studio that came into existence last year, is reportedly not a part of the discussions, but Universal would have the right to distribute future cartoon tiles from the company that created Shrek.

    DreamWorks creations have been movies such as American Beauty and Gladiator but the studio has scaled back its plans over the years. In 1999, it abandoned plans to build a high-tech studio in Los Angeles, hived off its music division in 2004 and curtailed its TV production.

    Its most recent film, The Island, which it distributed with Warner Bros., cost an estimated $122 million, according to industry tracker Box Office Mojo.

    DreamWorks was founded in 1994 by three entertainment moghuls — director Steven Spielberg, recording industry executive David Geffen, and Jeffrey Katzenberg, who had headed Walt Disney Co.’s studios and now serves as CEO of DreamWorks Animation. Its initial investors included Microsoft co-founder Paul Allen.

    In 2004, the company dropped its music business, selling its record company to Universal for $100 million and its music publishing unit to New York-based venture capital firm Dimensional Associates for about $50 million, according to the international reports.

    The share price of DreamWorks has fallen since then as the company had to warn investors of disappointing DVD sales for Shrek 2. Its market cap is about $2.3 billion today, and the company has dropped plans for a secondary sale of shares held by some of its initial investors.

  • Peter Chernin to be honored for outstanding achievements

    Peter Chernin to be honored for outstanding achievements

    NEW YORK: Media and Entertainment honchos from New York and Los Angeles will raise a glass to News Corporation president and COO Peter Chernin when he is honored by the educational media forum Center for Communication at a glittering luncheon 17 November.
     

    Chernin, who is also the chairman and CEO of Fox Entertainment Group, will be presented with the Center’s 2003 Annual Award for Excellence in Communications for his outstanding achievements on both the creative and corporate sides of the business in all fields of the media industry.

    Co-chairs for the event include Rupert Murdoch, Warren Beatty, Jeff Bewkes, Barry Diller, Michael Eisner, David Geffen, Tom Freston, Sandy Grushow, Mel Karmazin, Jeffrey Katzenberg, Les Moonves, Steven Rattner and Sir Howard Stringer.

    According to an official release, the luncheon will be a lively toast/roast, featuring filmmaker Peter Farrelly, one half of the Farrelly Brothers, creators of the movies Something About Mary, Dumb and Dumber and Shallow Hal; co-chair of Fox Filmed Entertainment Tom Rothman and chairman and CEO of the Fox News Network Roger Ailes.

  • DreamWorks SKG and General Mills forge partnership

    DreamWorks SKG and General Mills forge partnership

    Entertainment company DreamWorks SKG and consumer food products giant General Mills have announced a strategic worldwide promotional partnership.

    The alliance will fully integrate DreamWorks movie properties with General Mills top brands, creating innovative promotions at retail. Through the partnership, the companies will be able to create unique, account-specific programmes and product offerings for retailers worldwide, says an official release.

    The multiple-picture relationship will span several theatrical animated releases and home videos, including Sinbad: Legend of the Seven Seas and Shrek 2. Promotional programmes will be created for numerous food product categories. Marketing efforts will include television and print advertising; on-pack branding on hundreds of millions of products; and in-store support, the release adds.

    General Mills is a leading global manufacturer and marketer of consumer foods products. Its global brand portfolio includes Betty Crocker, Pilsbury and Green Giant. DreamWorks SKG was formed in 1994 by Steven Spielberg, Jeffrey Katzenberg and David Geffen to produce live-action motion pictures; animated feature films, network, cable television programming; home video entertainment; records, books, toys, and consumer products.

  • Star Movies strikes output deal for 40 Dreamworks films

    Star Movies strikes output deal for 40 Dreamworks films

    Star has announced that its Star Movies channel has signed an output deal with DreamWorks Distribution to acquire the exclusive pay-television rights for 40 DreamWorks SKG films to be broadcast in India and Pakistan. The agreement extends the nine-picture deal brokered between Star and DreamWorks in June 2000.

     

    Titles to premiere on Star Movies include “The Haunting” starring Liam Neeson, Best Picture Oscar-winner “American Beauty”, rib-tickling Star Trek spoof “Galaxy Quest”, animation classics “The Road To El Dorado” and “Chicken Run”, and Peter Chan’s poignant “The Love Letter”, an official release states.

     

    Founded by film and music industry giants Steven Spielberg, Jefferey Katzenberg and David Geffen, DreamWorks had a bountiful summer with the box office heat generated by “Shrek”, the animated blockbuster featuring the voices of Mike Myers, Eddie Murphy and Cameron Diaz, and “A.I. Artificial Intelligence”, a Steven Spielberg film.

     

    Jamie Davis, senior VP, programming, Star, said: “Building on the fantastic response the DreamWorks titles have generated for us thus far, we are very excited to add a long line of new DreamWorks titles for the benefit of our South Asian viewers.”

     

    Speaking on behalf of DreamWorks Distribution, Hal Richardson, head of Worldwide Television Distribution, expressed enthusiasm for the agreement, stating: “We are very pleased to have concluded this deal, securing a home for our motion picture product in pay television for India and Pakistan. We are especially happy that this arrangement has served to broaden the relationship with our friends at Star.”

     

    The DreamWorks agreement further expands a Star Movies library that consists of exclusive contributions from 20th Century Fox, Walt Disney (which includes the output of Touchstone Pictures, Hollywood Pictures and Miramax), MGM/United Artists, Canal+ and over 100 independent distributors and production companies, the release says.