DreamWorks’ Katzenberg: ‘We Have Been Well-compensated for Our Support’

Posted by Dave Cowl on February 26, 2008 
Filed Under: Blu-ray, Format War, HD DVD, Studios

DreamWorks.thumbnail.jpgApparently removing any doubt of compensation paid from Toshiba to DreamWorks Animation (and we might assume Paramount also), Jeffrey Katzenberg said that DreamWorks is waiting for word from Toshiba before moving forward with Blu-ray

"We have a partnership with Toshiba and have an obligation to see this through," DreamWorks Chief Executive Jeffrey Katzenberg said on Tuesday.

"As you know, we have been well-compensated for our support. It really is in their court at this point to really declare what the next step will be. We’re poised either way to jump into the marketplace when the conditions are right to do so," he said

DreamWorks plans to release the DVD version of "Bee Movie" next month and is waiting to hear back from Toshiba on how to proceed. "We said, we have a release coming up on ‘Bee Movie.’ What would you like us to do?," Katzenberg told Reuters in an interview.

JP Morgan analyst Barton Crockett said he expected DreamWorks would like to have the issue settled by the 2008 holiday season.

Related posts:

  1. Paramount Jumps Over The Hedge To HD DVD Exclusivity
  2. Paramount to Discontinue HD DVD after March 4th
  3. “Blue-Ray Tech.” Responds Strongly to Paramount/HD DVD Deal
  4. Investors Cheer as Toshiba Nears HD DVD Surrender


13 Responses to “DreamWorks’ Katzenberg: ‘We Have Been Well-compensated for Our Support’”

  1. Merrick97 on February 26th, 2008 5:46 pm

    Dave, you need to make it more clear that this refers to Dreamworks Animation and NOT Dreamworks SKG.

    As much as I hate to say it, if DW Animation got $100 million to release only shrek 3 on hd-dvd they made a HELLUVA deal.

  2. Felix on February 26th, 2008 7:21 pm

    the stupidity of all of three studios (Para/ Dreamworks/ Dreamworks Animation) has caused them to be in the loser side. They missed the fun of making money that other blu studios enjoy. I am glad this happened. They need to be punished for abandoning all blu-ray fans (including myself) back in 2007

  3. Merrick97 on February 26th, 2008 7:30 pm

    I wont believe it until I see a pic, but its interesting nonetheless.

  4. wreckedchevy on February 26th, 2008 8:13 pm

    i don’t care when they switch but i do hope they still release bee movie in 2 weeks as planned i would assume they have already pressed the disc’s why not release them?

  5. Jesterrace on February 26th, 2008 9:13 pm

    @Felix how was it stupid for them to make more money than they possibly could’ve made off of Blu-Ray sales for the last few months. I don’t know if you are aware of this but high-def sales are still a spec of dust compared to regular DVD sales and so any form of payoff in excess of 100 million is a wise decision regardless. Furthermore most high-def titles in either format have only really sold well when there is a promo sale going on, which means that they aren’t really making big bucks off the sales of the discs.

  6. Bigdmelt12 on February 26th, 2008 9:45 pm

    plus felix, how did they lose out, all they have to do is no produce blu movies, they produced on hd dvd and now move to blu…plus they got money from paramount. its not like sony is going to punish them because they want their movies on blu…so it was kinda “ok well do hd dvd, get money for it…and in the end if it works out we keep getting money, or we switch to blu and get money….the movie studios were never the losers in this so to call them stupid is making you look stupid…

  7. wreckedchevy on February 26th, 2008 10:11 pm

    @merrick97 i think we all know it’s going to be released on blu but if they really do have a box of them setting there then that is some big proof that toshiba and there buddies gave up on hd-dvd before the warner switch and there big promo plan was just to dump as many players as they could… atleast in my opinion

  8. Mi on February 26th, 2008 10:13 pm

    Are you kidding?!?! What kind of moron lawyers does dream works have that they can’t get out of an exclusivity deal with a dead format?!!? Who was it that signed that deal in the first place!?!?

  9. Jonsson on February 26th, 2008 11:27 pm

    @Jesterrace, shortsightedness, moneymaking or otherwise, is usually stupid in the long run.

    It is also stupid of them to come with a idiotic statement like this. HD-DVD is dead, it’s time to release on the winning format, Blu-ray.

  10. jeff callisto on February 27th, 2008 9:50 am

    Come on was your doing in the first place…Let Dreamworks go!!! Besides, isn’t this about making $?…Duh…what is the point of holding on, when this is SO OVER! I have never seen a company be so assinine!

  11. jeff callisto on February 27th, 2008 9:51 am

    Hi…I am a complete moron. My name is TOSHIBA.

  12. Ryan on February 27th, 2008 11:29 am

    As stupid as a lot of you think this announcement is, whether for them being on “the losing side” or whatever – I applaud their sticking to the terms of the contract. Even if it likely will be dissolved in the next few days anyway.

  13. Jonsson on February 29th, 2008 5:13 am

    @Ryan, what exactly was it that you applauded, their bullshitting one day or them going back on their bullshit and dropping the scheduled releases the next day?

    Just curious!

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