DreamWorks Picks 20th Century Fox as Distrib Partner
After the lengthy period of speculation and rumors, DreamWorks has finally settled on 20th Century Fox as their new distribution partner after the end of their contract with current distributor Paramount, which will expire next year. The deal with Fox will last for five years, and will give them rights to market and distribute DreamWorks’s projects in the domestic and global markets.
According to The Hollywood Reporter, Fox will take an 8 percent fee in traditional markets, including worldwide theatrical, home video, and international television. This matches DreamWorks’s previous deal with Paramount. However, Fox’s deal also allows DreamWorks to distribute their own product on domestic TV without paying any fees to Fox, which is probably what convinced the animation studio to go with them.
DreamWorks Animation currently has six upcoming features through 2014, including high-profile projects such as The Croods, Turbo, Mr. Peabody & Sherman, Me and My Shadow and How to Train Your Dragon 2. Paramount will release the studio’s upcoming feature Rise of the Guardians on Nov. 21, 2012.