You will be redirected back to your article in seconds

Jeffrey Katzenberg’s Investment Venture WndrCo Raises $591.5 Million

Jeffrey Katzenberg, after exiting DreamWorks Animation following Comcast’s acquisition of the studio, has raised nearly $600 million for his next act: a digital media and technology investment firm called WndrCo.

The Beverly Hills firm has raised $591.5 million, according to a filing Thursday with the SEC. Katzenberg’s title at WndrCo as listed on the SEC form is “manager.” The filing didn’t name the 18 investors in the Katzenberg-led venture but indicated that the minimum investment accepted from any outside investor was $25 million.

In the filing, WndrCo indicated the total offering amount is “indefinite” — meaning it plans to raise additional money. The company expects to raise more than $700 million in total, according to a source familiar with the venture.

The two other officers listed for WndrCo are Ann Daly, previously president of DreamWorks Animation, and Sujay Jaswa, the former CFO of Dropbox who’s well-regarded in Silicon Valley. The company’s address is 9355 Wilshire Blvd. in Beverly Hills.

Katzenberg received a $391 million cash-out package when Comcast’s deal for DWA closed last August. He co-founded DreamWorks SKG with David Geffen and Steven Spielberg in 1994, and had served as CEO of DreamWorks Animation since the time it was spun off from the main studio in 2004.

WndrCo LLC is modeled after Barry Diller’s IAC, a holding company whose businesses include Vimeo, About.com, and CollegeHumor, according to the Wall Street Journal, which first reported on the startup’s funding.

As CEO of DreamWorks Animation, Katzenberg led the acquisition of AwesomenessTV in 2013 in a deal worth at least $33 million, one of the first traditional media companies to plant a flag in the emerging digital-video world. With the Comcast takeover, Katzenberg took the title of chairman of “DreamWorks New Media,” overseeing AwesomenessTV and NOVA, an image-visualization software startup incubated at DWA.

Popular on Variety

More Digital

  • AT&T Logo Building

    AT&T TV Now Price Hike Coming Next Month, Base Package to Cost $65

    AT&T is instituting a substantial price hike for its live TV streaming service AT&T TV Now: Customers who have subscribed to the service’s basic “Plus” package will see their bill go up by $15, to a total of $65 per month, starting next month. The telco has started to inform existing subscribers about the price [...]

  • Disney-Family-Movies

    Disney Family Movies SVOD Service Is Shutting Down Ahead of Disney Plus Debut

    After 11 years, Disney is pulling the plug on Disney Family Movies On Demand — with the service’s shutdown coming just days before the launch of the Mouse House’s Disney Plus. Disney Family Movies, which cost between $5-$10 per month, has been available via pay-TV providers in the U.S., including Comcast Xfinity, Charter Communications, Verizon [...]

  • Amazon Orders ‘All or Nothing: Tottenham

    Amazon Orders ‘All or Nothing: Tottenham Hotspur’ Soccer Doc Series

    Amazon has greenlit a new “All or Nothing” sports documentary series, this time following London-based soccer team Tottenham Hotspur. “All or Nothing: Tottenham Hotspur” will follow a year in the life of the team, charting the ongoing 2019-20 season. The squad made it to the final of the European Champions League last year, losing to [...]

  • Jeffrey Katzenberg

    Jeffrey Katzenberg's Quibi Picks T-Mobile as Wireless Launch Partner

    Quibi, the short-form mobile TV service founded by Jeffrey Katzenberg, announced a pact with T-Mobile to be the official telecommunications partner for its April 2020 launch. T-Mobile will be the exclusive wireless distributor when Quibi launches next spring. However, the arrangement doesn’t mean only T-Mobile customers will be able to subscribe to Quibi: Anyone will [...]

  • Steve Kornacki

    Steve Kornacki, Chris Matthews Stand at Center of New NBC News Podcasts

    After vowing to press ahead more directly into the world of podcasts, NBC News is readying the launch of three additional audio shows centered around politics. “Article II: Inside Impeachment” will help listeners understand the impeachment process. The program, new episodes of which are slated to debut Mondays, Wednesdays and Fridays as people head for [...]

  • Call of Duty Modern Warfare

    Call of Duty League Commissioner on Why It's Time for a Franchise Model

    “Call of Duty” esports is officially headed for a city-based model. Publisher Activision Blizzard announced over the summer that the newly coined Call of Duty League will have a franchised, home-and-away structure immediately when it launches its inaugural season in early 2020. It’s set 12 teams in 11 cities, and the roster mania has already [...]

More From Our Brands

Access exclusive content