Tag: SKG

  • 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.

  • AMD technology lifts ‘Madagascar’ animation to newer heights

    AMD technology lifts ‘Madagascar’ animation to newer heights

    MUMBAI: The Indian DVD release of the computer-generated (CG) movie, Madagascar on 12 December marks the first consumer promotion AMD and DreamWorks Animation SKG have launched together since the two companies announced a technology partnership earlier this year.

    AMD Opteron processor technology played a significant role in the digital magic behind Madagascar.

    As the preferred processor provider for DreamWorks Animation, AMD has formed a three-year strategic alliance, which sees the company providing AMD64 technology for next-generation enterprise servers, workstations, render farm nodes, enterprise desktops and enterprise laptops.

    Madagascar is the tale of four Central Park Zoo animals who, after spending their lives in blissful captivity, are unexpectedly shipped back to Africa and shipwrecked on the wild and exotic island of Madagascar. The movie, which premiered in the US in May as part of the second largest Memorial Day box-office opening weekend ever, piqued film-critics’ interest with its stylised cartoon characters and lush environments. The AMD Opteron processor significantly improved rendering times for Madagascar and enabled digital artists to create never-before-seen images.

    “The AMD64 architecture helps the broadest range of PC users break free from creative limitations – ranging from innovators like DreamWorks Animation to a growing community of world-class performers and artists – ultimately to consumers looking to use what the pros use. While your average consumer won’t render an entire movie on their PC, they do want to use the same 64-bit technology used by the world’s most creative minds,” said AMD India president Ajay Marathe.

    “AMD64-based workstations and servers give our artists ever-increasing levels of performance. AMD’s leading-edge processor technology enables our creative talent to continue to push the limits of their imagination. Madagascar is a breath-taking glimpse of the digital animation possibilities enabled by the power of AMD64 technology,” said DreamWorks Animation SKG chief technology officer Ed Leonard.

    AMD64 technology made scenes possible within Madagascar that up until now would have been virtually unattainable due to processing limitations. For example, crowds of furry creatures, which have traditionally been considered one of “the holy grails” of animated films due to the complexity of fur animation, were an integral part of Madagascar. The faster rendering times and increased memory bandwidth enabled by AMD64 technology allowed DreamWorks Animation to render scenes with up to 900 lemurs celebrating in a lush jungle – one of many amazing feats displayed in the movie Madagascar.

    The AMD64 technology utilised by DreamWorks Animation to help create Madagascar is integral to all AMD products, from servers and workstations to desktop and notebook PCs. DreamWorks Animation will continue to expand its use of AMD products as the partnership between AMD and DreamWorks Animation matures.

    HP played a critical role in helping DreamWorks Animation achieve its computer graphics-oriented goals through delivery of powerful and manageable HP ProLiant servers using the AMD Opteron processor.

  • Viacom acquires DreamWorks: report

    Viacom acquires DreamWorks: report

    MUMBAI: Viacom has acquired Hollywood studio DreamWorks SKG for $1.6 billion, the New York Times reported on Saturday.

    Viacom and its studio division, Paramount Pictures, signed the acquisition deal on Friday, 9 December at a meeting attended by DreamWorks founders Steven Spielberg, Jeffrey Katzenberg Geffen, Viacom chief executive officer Tom Freston and Paramount chairman Brad Grey, the report said quoting executives involved in the negotiations.

    More than 50 per cent of the money will come from private-equity investors, the executives have been quoted as saying in the report. The price includes the assumption of about $400 million in DreamWorks’ debt.

    The report further adds that DreamWorks discontinued its acquisition talk with NBC-Universal unit of General Electric as the latter’s offer failed to match Viacom’s price.

    By acquiring DreamWorks, Paramount gets the right to distribute domestically and internationally movies made by the company’s animation division DreamWorks Animation. Apart from getting hold of DreamWorks’ 60-movie library, Paramount can now capitalise on DreamWorks’ lucrative and expanding computer animation business, the report points out.

    By clinching the deal, Viacom has also delivered a body blow to Universal. The company had been making huge profits by distributing DVD and video for DreamWorks live-action and animated films, both domestically and internationally.