A new report says the impending sale of DreamWorks Animation to Comcast’s NBCUniversal will bring a payout of nearly $400 million for DreamWorks founder Jeffrey Katzenberg.
“In addition to rewarding the 65-year-old mogul handsomely, the $3.8 billion deal could provide a secure future for the studio he led for the last 22 years,” the Los Angeles Times reports. The article adds: “Being forced out of Walt Disney Co. two decades ago may have been the best thing to happen to Jeffrey Katzenberg.”
Film producer Michael Helfant, a former Marvel Studios executive, is quoted in the story saying of Katzenberg: “He goes out with a swan song. From his standpoint, it looks like a great move. He’s got a great price, and he’s going to have a great payday. I think it sounds like a great strategy for him.”