NEW YORK--(BUSINESS WIRE)--
Advancing its position in kids and family entertainment, NBCUniversal, a
division of Comcast Corporation (NASDAQ: CMCSA), today announced it has
completed its acquisition of DreamWorks Animation SKG, Inc. (DWA). The
studio will become part of the Universal Filmed Entertainment Group,
which includes Universal Pictures, Fandango, and NBCUniversal Brand
Development.
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Under terms of the deal valued at approximately $3.8 billion, DWA
stockholders are receiving $41 in cash for each share of DWA common
stock, and post-closing, DWA shares will no longer be listed on the
NASDAQ.
In addition, on September 21, 2016, DWA will redeem all $300 million
aggregate principal amount outstanding of its 6.875% Senior Notes due
August 15, 2020 at a redemption price of 105.156% of the principal
amount thereof, plus accrued and unpaid interest to, but not including,
the date of redemption.
About NBCUniversal
NBCUniversal is one of the world's leading media and entertainment
companies in the development, production, and marketing of
entertainment, news and information to a global audience.
NBCUniversal owns and operates a valuable portfolio of news and
entertainment television networks, a premier motion picture company,
significant television production operations, a leading television
stations group, world-renowned theme parks, and a suite of leading
Internet-based businesses. NBCUniversal is a division of Comcast
Corporation.
About DreamWorks Animation
DWA is a global family entertainment company with business interests
that span feature film and television production; licensing and consumer
products; location-based entertainment; and new media properties,
including the company's controlling interest in AwesomenessTV. The
company's feature film heritage includes many of the world's
most-beloved characters and franchises, including Shrek, Madagascar,
Kung Fu Panda and How to Train Your Dragon, while its 32 feature film
releases have amassed more than $13 billion in global box office
receipts. DWA's television business has quickly become one of the
world's leading suppliers of high-quality family programming, reaching
consumers on linear and on-demand platforms in more than 130 countries
and winning a total of 25 Emmy™ Awards to date. The company's deep
portfolio of intellectual property is supported by a robust, worldwide
consumer products practice, which includes licensing, and location-based
entertainment venues around the world. DWA is also the majority owner of
AwesomenessTV, a leading video destination for Generation Z and
Millennial audiences, and also owns 45% of Oriental DreamWorks, a
world-class animation studio in China that produces family entertainment
for both Chinese and global audiences.
Note: This press release contains forward-looking statements. Readers
are cautioned that such forward-looking statements involve risks and
uncertainties that could cause actual events or our actual results to
differ materially from those expressed in any such forward-looking
statements. Readers are directed to Comcast's periodic and other reports
filed with the Securities and Exchange Commission (SEC) for a
description of such risks and uncertainties. Comcast does not undertake
any obligation to update any forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160822006031/en/
Press Contacts:
NBCUniversal
Lauren
Skowronski, 212-664-2432
Lauren.Skowronski@nbcuni.com
or
Universal
Filmed Entertainment
Teri Everett, 818-777-7216
Teri.Everett@nbcuni.com
or
DreamWorks
Animation
Dan Berger, 818-695-4747
Dan.Berger@dreamworks.com
or
Investor
Contacts:
Comcast
Jason Armstrong, 215-286-7972
Jason_Armstrong@Comcast.com
or
DreamWorks
Animation
Jennifer DiGrazia, 818-695-3384
Jennifer.DiGrazia@dreamworks.com
Source: NBCUniversal
News Provided by Acquire Media
