Universal Pictures is our big brother,” says Jeffrey Katzenberg with a chuckle. “We rely and depend on them in so many aspects of what we do.”
DreamWorks has been headquartered at U since Steven Spielberg, David Geffen and Katzenberg launched the privately held entertainment powerhouse in the mid-1990s.
This spring, DreamWorks extended its international theatrical and vid distribution deal with U on Easter weekend for a five-year term after a brief flirtation with AOL Time Warner.
“Sometimes it’s good to see the grass isn’t greener on the other side,” Katzenberg continues. “Both of us found that nine months after we started negotiations they were able to make some accommodations to us and our needs had changed.”
Katzenberg says the relationship with U is stronger than ever. “I can’t emphasize enough what a great job Stacey (Snider) and Ron (Meyer) have done rebuilding the company. They have given executives at UIP and the video division the mandate and resources they needed to strengthen their organizations.
“The results of the past two years are clear evidence that their efforts are more than paying off.”