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Dream. Works - Wikipedia. Dream. Works Pictures (also known as Dream. Works SKG or Dream. Works Studios, commonly referred to as Dream. Works, trading as Storyteller Distribution Co., LLC) is an American film production label of Amblin Partners. 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 $1.
As of October 2. 01. Dream. Works' films are marketed and distributed by Universal Pictures. Dream. Works began in 1.
Steven Spielberg, Jeffrey Katzenberg and David Geffen (together, SKG) to create a new Hollywood studio of which they owned 7. Currently, Dream. Works operates out of offices at Universal Studios. In December 2. 00.
Viacom, parent of Paramount Pictures. The sale was completed in February 2.
DW Studios L. L. C.). In 2. 00. 8, Dream.
Works announced its intention to end its partnership with Paramount and signed a $1. India's Reliance ADA Group.[2] Reliance provided $3. M of equity to fund recreating Dream.
Works SKG into Dream. Works Studios, an independent entity. Captain Sabertooth Full Cartoon on this page. Clark Hallren, former Managing Director of the Entertainment Industries group of J. P. Morgan Securities, and Alan J. Levine of J. P. Morgan Entertainment Advisors, led the Reliance team in restructuring the company.[3][4][5] The following year, Dream.
Works entered into a distribution agreement with Walt Disney Studios, wherein Disney would distribute Dream. Works films through Touchstone Pictures; the deal continued until 2. After the formation of Amblin Partners in 2.
Universal Pictures. Dream. Works' animation arm was spun off in 2. Dream. Works Animation, which currently owns the Dream. Works trademarks, and as of August 2. NBCUniversal.[6] Spielberg's company continues to use the Dream.
Works trademarks under license from Universal Studios.[7][8]History[edit]Dream. Works SKG: original founding[edit]The original company was founded following Katzenberg's resignation from The Walt Disney Company in 1. Katzenberg approached Spielberg and Geffen about forming a live- action and animation film studio, which had not been done in decades due to the risk and expense. They agreed on three conditions: They would make fewer than nine movies a year, they would be free to work for other studios if they chose, and they would go home in time for dinner.
They officially founded Dream. Works SKG in October 1. Microsoft co- founder Paul Allen. Their new studio was based at offices in the Universal Studios lot, previously occupied by Amblin Entertainment. Despite access to sound stages and sets, Dream. Works preferred to film motion pictures on location.
Usually, the company would film in a soundstage or set in a major studio. As of 2. 01. 6, Dream. Works is still based in Universal. In 1. 99. 5, traditional animation artists from Amblimation joined the new studio, which led to Dream. Works buying part of Pacific Data Images, a company specializing in aids. Both were software divisions, and would merge later on.
For then, Dream. Works had the traditional animators working for their untitled animation department, and the computer animators worked on CG films. In 1. 99. 7, Dream. Works SKG released its first three feature films, The Peacemaker, a film about terrorism, Amistad, Spielberg's first film for the studio about an African slave rebellion and the aftermath of the massacre, and Mouse. Hunt, the studio's first family film about two brothers trying to fight a mischievous mouse. These films were distributed by Dream. Works Pictures. In 1. United States 9th Circuit Court of Appeals upheld a lawsuit against Dream.
Works for trademark infringement by Dreamwerks Production Group, Inc.,[9] a company mostly specializing in Star Trek conventions.[1. The same year, PDI/Dream. Works produced its first full- length animated features, Antz and The Prince of Egypt, which were also distributed by Dream. Works Pictures. Dream. Works SKG continued to distribute PDI/Dream.
Works productions through their distribution name until 2. In 2. 00. 0, Dream. Works was planning in building a studio backlot after buying 1,0. Playa Vista area in Los Angeles. It was to be complete with 1.
There would also be new homes, schools, churches, and museums. The project was to be completed in 2. Starting in 1. 99. Dream. Works won three consecutive Academy Awards for Best Picture for American Beauty, Gladiator and A Beautiful Mind (the latter two were co- productions with Universal).
Dream. Works Interactive was a computer and video game developer founded in 1. Dream. Works subsidiary. On February 2. 4, 2.
Electronic Arts announced the acquisition of Dream. Works Interactive and merged it with EA Pacific and Westwood Studios to form EA Los Angeles, now Danger Close Games.
Dream. Works Records was the company's record label, the first project of which was George Michael's Older album. The first band signed to the label was eels who released their debut album "Beautiful Freak" in 1. The record company never lived up to expectations, though, and was sold in October 2. Universal Music Group, which operated the label as Dream. Works Nashville. That label was shut down in 2. Toby Keith, departed to form his own label.[1.
PDI/Dream. Works produced some of the highest grossing animated hits of all time, including Chicken Run (2. Shrek (2. 00. 1), and its sequel Shrek 2 (2. In October 2. 00. Dream. Works' animation arm was split to form Dream. Works Animation. David Geffen admitted that Dream.
Works had come close to bankruptcy twice. Under Katzenberg's watch, the studio suffered a $1. Sinbad: Legend of the Seven Seas,[1. DVD demand for Shrek 2.[1. In 2. 00. 5, out of their two large budget pictures, War of the Worlds was produced as a joint effort with Paramount which was the first to reap a significant amount of profits, while The Island bombed at the domestic box office but turned a profit after being released elsewhere.[1.
Paramount ownership[edit]In December 2. Paramount Pictures agreed to purchase the live- action studio, still keeping the original name and producing/distribution name. The deal was valued at approximately $1. The company completed its acquisition on February 1, 2. On March 1. 7, 2. Paramount agreed to sell a controlling interest in the Dream.
Works Pictures live- action library (pre- September 1. DW Funding, LLC) to Soros Strategic Partners and Dune Entertainment II.[1. The film library is valued at $9.
Paramount retained the worldwide distribution rights to these films, as well as various ancillary rights, including music publishing, sequels and merchandising. This includes films that had been made by Paramount and Dream. Works Pictures (the music publishing rights were later licensed to Sony/ATV Music Publishing when that company acquired Paramount's Famous Music subdivision). The sale was completed on May 8, 2. On February 8, 2. Viacom repurchased Soros' controlling stake in the Dream. Works Pictures library for around $4.
Reliance- Spielberg joint venture[edit]In June 2. Variety reported that Dream. Works was looking for financing that would allow it to continue operations, but as a production company, once its deal with Paramount ended later that year.[2. Several public equity funds were approached for financing including Blackstone Group, Fuse Global, TPG Capital, and several others, but all passed on the deal given their understanding of the Hollywood markets. Then most of the backing would come from an Indian investment firm called Reliance ADA Group. In January 2. 00.
Spielberg entered a licensing agreement with Dream. Works Animation to use the Dream.
Works trademarks, logo, and name for film productions and releases.[2. In September 2. 00. Variety reported that Dream. Works closed a deal with Reliance to create a stand- alone production company called Dream. Works Studios and end its ties with Paramount.[2. On February 9, 2. Dream. Works Studios entered into a long- term, 3.
Walt Disney Studios Motion Pictures by which the films would be released through the Touchstone Pictures banner.[2.