Netflix Inc., the biggest online subscription-video service, rose the most in almost two months after agreeing to buy shows from DreamWorks Animation SKG Inc., furthering a push into original children’s programming.
Jeffrey Katzenberg, chief executive officer of DreamWorks Animation SKG Inc., comments on Chinese demand for animated films and censorship of movies. He spoke in an interview today in the western Chinese city of Chengdu, where he’s attending the Fortune Global Forum.
DreamWorks Animation SKG Inc., the studio run by Jeffrey Katzenberg, posted a surprise quarterly profit and agreed to buy AwesomenessTV, a popular teen network on YouTube. The shares rose the most in seven weeks.
Hollywood studios will eventually charge less for entertainment streamed to small devices, basing prices on screen size, DreamWorks Animation SKG Inc. Chief Executive Officer Jeffrey Katzenberg predicted.
DreamWorks Animation SKG Inc.’s distribution deal with Twentieth Century Fox achieved Chief Executive Officer Jeffrey Katzenberg’s goal of slicing costs while furthering plans to find new revenue as DVD sales shrink.
U.S. stocks fell, dragging the Standard & Poor’s 500 Index from a record high, on slower growth in American payrolls and manufacturing as the Federal Reserve said it will maintain its bond buying to support the economy.