Comcast’s acquisition of DreamWorks Animation is looking like a good deal for Jeffrey Katzenberg, with Variety reporting that the outgoing DWA chief executive walks away with a cash-out package worth more than $391 million.
“The founder (along with Steven Spielberg and David Geffen) of one-time uber studio DreamWorks SKG walked away with 10 times more money than the next highest ranking studio employee, President Ann Daly,” Variety reports.
As we reported Monday, Comcast has just closed its $3.8 billion acquisition of the studio.
“DreamWorks Animation shareholders had already cashed in on the sale of the cartoon studio in April, when Comcast’s acquisition brought them $41 a share, a near 50% premium for the company that created ‘Shrek’ and ‘Kung Fu Panda,'” Variety notes.
Katzenberg’s payout was based on his 10.2 million DWA shares and options, according to a regulatory filing.