DreamWorks facts for kids
|Founded||October 12, 1994|
Universal Studios Hollywood
Universal City, California, United States
Number of employees
DreamWorks Pictures (also known as DreamWorks SKG or DreamWorks Studios, commonly referred to as DreamWorks) is an American film production label of Amblin Partners. It was founded in 1994 as a film studio by Steven Spielberg, Jeffrey Katzenberg and David Geffen (together, SKG), of which they owned 72%. The studio was formerly distributing its own and third-party films by itself. It has produced or distributed more than ten films with box-office grosses of more than $100 million each.
In December 2005, the founders agreed to sell the studio to Viacom, parent of Paramount Pictures. The sale was completed in February 2006 (this version is now named DW Studios). In 2008, DreamWorks announced its intention to end its partnership with Paramount and signed a $1.5 billion deal to produce films with India's Reliance Anil Dhirubhai Ambani Group, re-creating DreamWorks Pictures into an independent entity. The following year, DreamWorks entered into a distribution agreement with Walt Disney Studios Motion Pictures, wherein Disney would distribute DreamWorks films through Touchstone Pictures; the deal continued until 2016. As of October 2016, DreamWorks' films are marketed and distributed by Universal Pictures. Currently, DreamWorks operates out of offices at Universal Studios Hollywood.
DreamWorks' former feature animation unit, now known as DreamWorks Animation (which currently owns the DreamWorks trademarks), was spun off in 2004, and as of August 2016 is a subsidiary of NBCUniversal. Spielberg's company continues to use the DreamWorks trademarks under license from DreamWorks Animation.
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