Rise of the Guardians will be DreamWorks Animation’s final animated feature over at Paramount. The two companies have worked together on films like Kung-Fu Panda, Shrek, and How To Train Your Dragon. With the deal between the two set to expire later this year, Paramount is moving forward with their own Animation department and DreamWorks Animation has set up a new partnership with 20th Century Fox.
Don’t worry about the other animated partnership between Fox and Blue Sky Studios (Rio Ice and Ice Age). Apparently that is safe and secure. The most interesting thing is that Fox will now be the home of DreamWorks Animation projects as well. According to Deadline, the new deal says that DWA is now locked in to produce animated features for Fox until 2017. Fox will receive 8% of the earnings made from theatrical and dvd sales, but they will earn a lower amount from digital and other forms of distribution.
DreamWorks Animation CEO Jeffery Katzenberg had this to say about the new deal he inked with Fox:
“Fox has long been an industry leader in both theatrical and home video thanks in large part to its well-integrated approach to distribution across a wide range of platforms around the globe.”
Jim Gianopulos and Tom Rothman have built a world-class distribution team and we are excited to apply their expertise, robust infrastructure and global resources so that DreamWorks Animation’s films can reach their fullest possible potential over the next five years.
It should be interesting to see how Fox maintains the balance between its Blue Sky Studios and DWA. We’ll have to see if this new partnership has a direct affect on How to Train Your Dragon 2 and Kung Fu Panda 3.