DreamWorks Classics

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DreamWorks Classics
Type Subsidiary of DreamWorks Animation
Industry Intellectual property, TV, film, entertainment
Founded 2000 as Classic Media
2012 as DreamWorks Classics
Founder(s) Eric Ellenbogen
John Engelman
Headquarters New York, New York, United States
Key people Eric Ellenbogen, John Engelman Chairman & C.E.O.
Robert Friedman, President
Products TV, film, consumer products, home video
Revenue $82 million (March 2011 – February 2012)[1]
Net income $19 million (March 2011 – February 2012)[1]
Employees 80 (2012)[1]
Parent DreamWorks Animation
Subsidiaries Big Idea
Bullwinkle Studios
Website official website

DreamWorks Classics (formerly known as Classic Media), is an American animation studio and production company owned by DreamWorks Animation. It was founded in 2000 as Classic Media by former Broadway Video executives Eric Ellenbogen and John Engelman.[2] Its portfolio consists of various acquired intellectual property libraries and character brands as well as licensing rights for various third-party properties. In 2012, DreamWorks Animation won the bidding to acquire Classic Media from its owner, Boomerang Media, and renamed it DreamWorks Classics.[3][4]

History[edit]

Classic Media[edit]

The logo for DreamWorks Classics when it was known as Classic Media.

After its founding in May 2000, Classic Media acquired the UPA catalog from the estate of Henry Saperstein.[5][6] Classic Media then brought the Harvey Entertainment catalog in March 2001.[7] In August 2001, Classic Media and Random House won a bankruptcy court auction for the assets of Golden Books, with Classic Media receiving its entertainment division and Random House receiving the publishing properties.[8][9][10] In January 2003, Classic Media purchased the assets of the bankrupt Big Idea Entertainment.[11]

In April 2005, the company was recapitalized by an investment group led by Spectrum Equity Investors, Pegasus Capital Advisors, and Random House Ventures.[12] In August 2006, Classic Media teamed up with ION Media Networks, NBCUniversal, Corus Entertainment, and Scholastic Corporation in a joint venture to launch Qubo, a kids entertainment network.[13]

On December 14, 2006, it was announced that Classic Media would be acquired by UK-based rival Entertainment Rights for $210.0 million.[14] Before the acquisition was completed, both companies announced distribution and production agreements with Genius Products, LLC, replacing the Sony Wonder deal.[15]

Entertainment Rights fell in to administration on April 1, 2009.[16] On the same day, Boomerang Media, LLC (also formed by Ellenbogen and Engelman)[17] announced that it would acquire Entertainment Rights' principal U.K. and U.S. subsidiaries, including Classic Media, Inc. and Big Idea Entertainment, from its administrators.[2][18][19] On May 11, 2009, Boomerang Media announced that the former U.K. and U.S. subsidiaries of Entertainment Rights would operate as a unified business under the name Classic Media while Big Idea would operate under its own name.[20][21]

DreamWorks Classics[edit]

On July 23, 2012, DreamWorks Animation acquired Classic Media from Boomerang Media for $155 million; the company became a division of DreamWorks Animation and was renamed DreamWorks Classics.[4][22]

Holdings[edit]

Catalogs[edit]

Character brands[edit]

Licensing rights[edit]

See also[edit]

References[edit]

  1. ^ a b c d e f "Dreamworks Animation Agrees to Acquire Classic Media". DreamWorks Animation. July 23, 2012. Retrieved November 16, 2012. 
  2. ^ a b "GTCR and Boomerang Media Announce Acquisition of Entertainment Rights’ Subsidiaries". GTCR. April 1, 2009. Retrieved August 28, 2013. 
  3. ^ Venkatesan, Adithya (July 23, 2012). "DreamWorks to buy Classic Media for $155 million: WSJ". Reuters. Retrieved August 13, 2012. 
  4. ^ a b Acuna, Kirsten (November 2, 2012). "DreamWorks Plans To Use Classic Media As A Fourth Quarter Bump". Business Insider. Retrieved November 7, 2012. 
  5. ^ a b "Classic cooks Harvey stake". Variety. 2000-08-24. Retrieved 2014-02-14. 
  6. ^ a b "Classic Media Acquires Harvey Entertainment | Animation World Network". Awn.com. 2000-08-25. Retrieved 2014-02-14. 
  7. ^ a b "Harvey Sells Out". ICv2. Retrieved 2014-02-14. 
  8. ^ a b AWN | Animation World Network (2001-08-24). "Random House, Classic Media Buy Bankrupt Golden Books | AWN |". AWN. Retrieved 2013-09-29. 
  9. ^ a b Zeitchik, Steven (2001-08-17). "Random House Lands Golden Books Assets". Publishersweekly.com. Retrieved 2013-09-29. 
  10. ^ a b By DAVID D. KIRKPATRICKPublished: August 16, 2001 (2001-08-16). "2 Companies Pay $84 Million for Golden Books - New York Times". Nytimes.com. Retrieved 2013-09-29. 
  11. ^ a b Smietana, Bob (January 9, 2003). "VeggieTales Creators File for Bankruptcy". Christianity Today. Retrieved August 28, 2013. 
  12. ^ "Spectrum Equity Investors Takes Majority Stake in Classic Media, America's Largest Independent... - re> NEW YORK, April 7 /PRNewswire/". Prnewswire.com. Retrieved 2013-09-29. 
  13. ^ Hampp, Andrew (August 24, 2006). "NBC Debuts Kids Programming Brand Qubo". Ad Age. Retrieved August 28, 2013. 
  14. ^ Lodderhose, Diana (December 14, 2006). "Kids’ programming specialists join hands". Variety. Retrieved August 28, 2013. 
  15. ^ "Genius Products Announces Long-term Co-production and Distribution Agreements with Entertainment Rights PLC and Classic Media". Genius Products. January 8, 2007. Archived from the original on July 28, 2007. Retrieved August 31, 2013. 
  16. ^ a b "Entertainment Rights is sold off". Daily Mail Reporter. April 1, 2009. Retrieved August 28, 2013. 
  17. ^ "GTCR Announces Partnership with Eric Ellenbogen and John Engelman to Form Boomerang Media". GTCR. January 18, 2008. Retrieved August 28, 2013. 
  18. ^ Hodkinson, Paul (April 3, 2009). "He-Man, Casper Bought by Private-Equity Firm". The Wall Street Journal. Retrieved August 28, 2013. 
  19. ^ Daswani, Mansha. "Boomerang Media Buys ER". WorldScreen.com. Archived from the original on April 2, 2009. Retrieved August 31, 2013. 
  20. ^ Tribbey, Chris (May 11, 2009). "Classic Media Absorbs Subsidiaries". Home Media Magazine. Retrieved August 28, 2013. 
  21. ^ Moody, Annemarie (May 11, 2009). "Entertainment Rights to Operate as Classic Media". Animation World Network. Retrieved August 31, 2013. 
  22. ^ a b c d Verrier, Richard (July 23, 2012). "DreamWorks Animation buys 'Casper,' 'Lassie' parent Classic Media". Los Angeles Times. Retrieved August 31, 2013. 
  23. ^ "Entertainment Rights buys Filmation". C21Media. March 25, 2004. Retrieved August 28, 2013. 
  24. ^ "Postman Pat sold for Ł5m". BBC News. November 8, 2001. Retrieved August 28, 2013. 
  25. ^ "Tweenies maker bought for £3.1m". BBC News. September 13, 2004. Retrieved August 28, 2013. 
  26. ^ Ball, Ryan (September 13, 2004). "Entertainment Rights Acquires Tell-Tale Prods.". Animation Magazine. Retrieved August 28, 2013. 
  27. ^ Sweney, Mark (March 7, 2012). "Chorion sells rights to Noddy". The Guardian. Retrieved August 28, 2013. 
  28. ^ Arrant, Chris (March 19, 2012). "Classic Media Acquires "Olivia" Rights from Chorion". Cartoon Brew. Retrieved August 28, 2013. 
  29. ^ "Classic Media Nabs Gumby". ICv2. November 10, 2006. Retrieved August 28, 2013. 
  30. ^ Goldman Getzler, Wendy (June 7, 2010). "Voltron returns with full Force". Kidscreen. Retrieved August 28, 2013. 
  31. ^ "Dick Tracy, Brenda Starr Ink With Classic Media". Billboard. June 14, 2005. Retrieved August 28, 2013. 
  32. ^ Paskin, Willa (June 13, 2005). "Tribune, Classic in cartoon venture". Variety. Retrieved August 28, 2013. 

External links[edit]