Dreamworks Animation adds Freston

Former Viacom CEO joins board of directors

In a pointed move, Jeffrey Katzenberg-led DreamWorks Animation on Monday named Tom Freston to its board of directors.

Announcement is a clear act of defiance against Viacom, from which Freston was famously fired as CEO by Sumner Redstone last fall.

DreamWorks Animation pics are distribbed by Viacom-owned Paramount under a deal that extends through 2013.

DWA has been a separate company from the DreamWorks live-action studio since it went public in 2004 but has been caught up in the tension between its former corporate sibling and its new owner Paramount.

Katzenberg took a jab at comments by Viacom CEO Philippe Dauman last week that the potential departures of DreamWorks partners David Geffen and Steven Spielberg from Paramount would be “completely immaterial” to his conglom’s bottom line.

Speaking the next day at the same media conference, Katzenberg called the statement “ill-advised.”

He took pains, however, to note that Paramount has thus far done an “outstanding job” marketing and distributing DWA toons like “Shrek 3.”

Not coincidentally, Geffen and Spielberg are both major shareholders in DreamWorks Animation and sit on the toon studio’s board.

Freston will take the spot recently vacated by Microsoft mogul Paul Allen, who has sold off much of his DreamWorks Animation stock.

No word on whether Tom Cruise will be joining the board next.

More Biz

  • STX Targeting August IPO in Hong

    STX Targeting August IPO in Hong Kong (Report)

    In a pointed move, Jeffrey Katzenberg-led DreamWorks Animation on Monday named Tom Freston to its board of directors. Announcement is a clear act of defiance against Viacom, from which Freston was famously fired as CEO by Sumner Redstone last fall. DreamWorks Animation pics are distribbed by Viacom-owned Paramount under a deal that extends through 2013. […]

  • EXCLUSIVE: AR for US, UK and

    Pussy Riot Claims Responsibility for People Running Onto Field During World Cup

    In a pointed move, Jeffrey Katzenberg-led DreamWorks Animation on Monday named Tom Freston to its board of directors. Announcement is a clear act of defiance against Viacom, from which Freston was famously fired as CEO by Sumner Redstone last fall. DreamWorks Animation pics are distribbed by Viacom-owned Paramount under a deal that extends through 2013. […]

  • Former Billboard CEO Accused of Sexual

    Former Billboard CEO John Amato Accused of Sexual Harassment and Other Misconduct

    In a pointed move, Jeffrey Katzenberg-led DreamWorks Animation on Monday named Tom Freston to its board of directors. Announcement is a clear act of defiance against Viacom, from which Freston was famously fired as CEO by Sumner Redstone last fall. DreamWorks Animation pics are distribbed by Viacom-owned Paramount under a deal that extends through 2013. […]

  • Instagram

    Instagram Suffers Global Outage

    In a pointed move, Jeffrey Katzenberg-led DreamWorks Animation on Monday named Tom Freston to its board of directors. Announcement is a clear act of defiance against Viacom, from which Freston was famously fired as CEO by Sumner Redstone last fall. DreamWorks Animation pics are distribbed by Viacom-owned Paramount under a deal that extends through 2013. […]

  • Harvey Weinstein arrives to court in

    Harvey Weinstein Attorney Says He Was Misquoted in 'Roles for Sex' Interview

    In a pointed move, Jeffrey Katzenberg-led DreamWorks Animation on Monday named Tom Freston to its board of directors. Announcement is a clear act of defiance against Viacom, from which Freston was famously fired as CEO by Sumner Redstone last fall. DreamWorks Animation pics are distribbed by Viacom-owned Paramount under a deal that extends through 2013. […]

  • hearst logo

    Hearst Agrees to Pay $50 Million to Settle Data-Privacy Lawsuit

    In a pointed move, Jeffrey Katzenberg-led DreamWorks Animation on Monday named Tom Freston to its board of directors. Announcement is a clear act of defiance against Viacom, from which Freston was famously fired as CEO by Sumner Redstone last fall. DreamWorks Animation pics are distribbed by Viacom-owned Paramount under a deal that extends through 2013. […]

  • Randall Stephenson

    AT&T Stock Drops on Justice Department's Appeal of Time Warner Merger Ruling

    In a pointed move, Jeffrey Katzenberg-led DreamWorks Animation on Monday named Tom Freston to its board of directors. Announcement is a clear act of defiance against Viacom, from which Freston was famously fired as CEO by Sumner Redstone last fall. DreamWorks Animation pics are distribbed by Viacom-owned Paramount under a deal that extends through 2013. […]

More From Our Brands

Access exclusive content