Thursday, August 1, 2013

AwesomenessTV will net $95 million from DreamWorks Animation deal

By Lucas Shaw NEW YORK (TheWrap.com) - AwesomenessTV should earn $95 million from its acquisition by DreamWorks Animation, the company's CFO Lew Coleman said on the company's earnings call Wednesday. DreamWorks Animation acquired Brian Robbins' network of YouTube channels in April for $33 million upfront. Yet the deal enabled the company to make up to $117 million based on future profits. Though DreamWorks Animation generated just $3 million from licensing Awesomness' content over the past three months, the company has grown its audience on YouTube by more than 50 percent. ...



via TV News Headlines - Yahoo! News http://news.yahoo.com/awesomenesstv-net-95-million-dreamworks-animation-deal-222156862.html

No comments:

Post a Comment