×
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.

More Digital

  • Netflix Tests Random Episode Button in

    Netflix Starts Testing Random Episode Button

    Netflix is testing a button to play random episodes of select TV shows, the company confirmed Friday morning. “We are testing the ability for members to play a random episode from different TV series on the Android mobile app,” a Netflix spokesperson told Variety. “These tests typically vary in length of time and by region, [...]

  • Netflix Our Planet Sophie Darlington

    Netflix's 'Our Planet' Roars to Life With Work by Top Wildlife Cinematographers

    In terms of scope, production time and — very likely — budget, Netflix’s “Our Planet” is one of the most ambitious projects from the streaming service to date. Narrated by David Attenborough and made available worldwide on April 5, the goal of the eight-part series is to capture diverse habitats across the globe and highlight [...]

  • Amazon

    Amazon Music’s Free Tier Is More Advertising Play Than Spotify Killer, Analysts Say

    When news began to spread last week that Amazon Music’s long-anticipated free streaming tier was imminent, headlines emerged about its threat to Spotify and Apple Music, with some stories saying that Spotify’s stock price dropped in response to the news. But not only was today’s launch of the free tier basically a soft one — [...]

  • Gay Chorus Deep South

    Why Airbnb Produced Documentary 'Gay Chorus Deep South,' Its First-Ever Film (EXCLUSIVE)

    The latest player to hit the film-festival circuit may be a bit unexpected: Airbnb, the travel-accommodations booking marketplace, developed, financed and produced documentary film “Gay Chorus Deep South,” set to premiere at the 2019 Tribeca Film Festival on April 29. It’s the company’s very first feature film. Directed by David Charles Rodrigues, “Gay Chorus Deep [...]

  • Amazon

    Amazon Music Launches Free Streaming Tier, Through Alexa Only (for Now)

    Amazon Music today basically soft-launched its free streaming tier, in which U.S. customers of its Alexa voice assistant will have access to top Amazon Music playlists and thousands of stations, at no cost. The limited access that the new free service provides — it’s only available through Alexa, and when the listener requests a song, [...]

  • Ben Silbermann, Evan Sharp. Pinterest co-founder

    Pinterest Shares Up Close to 29% on IPO Day

    Shares of the social pinning service Pinterest closed at $24.45 — 28.6% above their IPO price — on the company’s first day at the New York Stock Exchange Thursday as investors were looking to get in on the latest tech listing. Pinterest’s shares opened at $23.75, 25% above the IPO pricing of $19 per share, [...]

More From Our Brands

Access exclusive content