Creator / DreamWorks

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The brainchild of media moguls Steven Spielberg, Jeffrey Katzenberg, and David Geffen (hence the SKG at the end of the studio's name), founded in 1994.

Located on the Universal Studios lots that had previously housed the offices of Spielberg's Amblin Entertainment, DreamWorks came into being as a result of Katzenberg's firing from Disney after a ten-year run as the president of their studio. He approached Spielberg and Geffen about the possibility of setting up a studio in Hollywood where the three of them could create entertainment independently from the larger studios. At its founding, DreamWorks became the first major independent Hollywood studio (and the first major studio founded by creators, not executives) since the birth of United Artists in 1919.

At its peak in the late 1990s/early 2000s, it arguably qualified as a seventh major film studio (having out-grossed Paramount). In 1999, 2000 and 2001, DreamWorks won three consecutive Academy Awards for Best Picture for American Beauty, Gladiator and A Beautiful Mind (the latter two with Universal). DreamWorks has produced or distributed more than ten films with box-office grosses totaling more than $100 million each.

However by 2005 the studio was about $400 million in debt, so the founders agreed to a deal to sell DreamWorks to Viacom subsidiary Paramount for $1.6 billion (sans Katzenberg's DreamWorks Animation, which had been spun off into its own company in 2004). The sale was completed in February 2006, and in March of that same year Viacom sold the rights to DreamWorks' pre-2006 film library to Soros Strategic Partners for $900 million (only to purchase it back in 2010 for $400 million, making a $500 million profit on the arrangement).

The Paramount-DreamWorks merger wasn't a successful one, and after only two years DreamWorks announced its intention to end its partnership with Viacom, and was sold to newly-formed holding company DW II Management in September 2008. That same month India's Reliance ADA Group signed a $1.5 billion deal to purchase a 50% stake in the studio, and Spielberg entered into negotiations with Universal (who had distributed DreamWorks' films prior to the Viacom deal) to produce their films. These negotiations fell through and in February 2009 the studio signed a deal with Disney (through Touchstone Pictures) to handle distribution worldwide (initially) except for India (which Reliance handles), in a roundabout way bringing DreamWorks full-circle. With the new partnerships with Disney and Reliance, DreamWorks hoped that they would return to its prosperity years.

Unfortunately, those hopes were never realized. By the year 2012, DreamWorks ended up getting dissatisfied with the Disney deal, as shortly after the agreement Disney began putting more focus on distributing content from its newest acquisitions (Marvel Comics and Star Wars), and rarely promoted films from DreamWorksnote . In addition, DreamWorks had financial issues with underperforming releases (such as I Am Number Four, Cowboys and Aliens, Fright Night and The Fifth Estate) and exhausted financing lines, and not only did they have to seek co-productions and international distribution sales with others like 20th Century Fox (which would distribute Lincoln and Bridge of Spies internationally) to generate funds, but they were never able to deliver the full 30 film slate initially contracted for distribution by Disney. The situation culminated in 2015, when DreamWorks had a falling out with Disney executives and the studios decided against renewing their distribution pact.

On December 11, 2015, Variety magazine reported that, after several months of negotiations, DreamWorks had reconciled with Universal Studios and reached a distribution deal with Speilberg's longtime film partner. Coinciding with the confirmation of the agreement five days later, on December 16, it was announced that DreamWorks and Amblin Entertainment had been reorganized under the new film production company, Amblin Partners, as part of an investment deal that involved film financing firms Participant Media and Entertainment One. With this reorganization, DreamWorks was relegated to a label focused on adult-themed films, while Amblin was relegated to a label for family movies, ultimately bringing DreamWorks and Amblin under one roof. (The use of the Amblin name was required by DreamWorks Animation, who ended up owning the DW trademark and claims exclusive rights to use it on family films.) Universal will assume distribution of future DreamWorks/Amblin films under the new Amblin Partners structure once the deal with Disney ends, though Disney will retain distribution rights to all DreamWorks films released under their deal indefinitely.

The DreamWorks umbrella may be brought full circle once again when, in April 2016, Universal's parent company NBCUniversal announced it would acquire DreamWorks Animation for $3.8 billion, reuniting the former division with its former parent once more through the latter's deal with Universal.

DreamWorks operated a television distribution and production division called DreamWorks Television. Originally known for sitcoms like Spin City and Arsenio, it shifted its focus to drama at the Turn of the Millennium with series like Freaks and Geeks and Rescue Me, along with miniseries such as Band of Brothers. In The New Tens the division had almost exclusively focused its attention on cable programming, with series like United States Of Tara, Falling Skies and The Americans. DreamWorks Television also collaborated with DreamWorks Animation prior to the division's 2004 spin-off, with series such as Toonsylvania and Father of the Pride. With the reorganization of DreamWorks and Amblin into Amblin Partners, DreamWorks Television along with Amblin Entertainment's television division were absorbed into the new company, but both maintain autonomy from the television operations of Participant Media and Entertainment One.

Between 1996 and 2005, DreamWorks owned a record label called, naturally, DreamWorks Records. The roster included George Michael, Papa Roach, Jimmy Eat World, Eels, Henry Rollins, Elliott Smith, Powerman 5000, Rufus Wainwright, Randy Newman, and Jimmy Fallon, plus a Country Music arm whose main hitmakers were Toby Keith, Randy Travis, and Darryl Worley. Except for their country artists, they were all later acquired by Geffen's old label that he stepped down from. The label's logo was designed by Roy Lichtenstein (it was his last commission).

The company also had a video game division in its early years, DreamWorks Interactive, which was sold to Electronic Arts in 1999 not long before the release of its most successful game, Medal of Honor, where it is currently named DICE Los Angeles.

Its Vanity Plate (with accompanying music by John Williams) features a young boy sitting on a crescent moon while fishing. Word of God states it was made by some employees of Industrial Light and Magic. Also popularized the marketing term known as "DreamWorks Face".

See also DreamWorks Animation, a separate entity (since 2004) that was founded by the same people, which is well known for giving Disney and Pixar a run for their money where animated films are concerned.

Subpages:

Index of DreamWorks films with TV Tropes pages:

Index of DreamWorks TV series with TV Tropes pages:

Index of DreamWorks Records artists with TV Tropes pages:


Alternative Title(s): Dream Works

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