DreamWorks Animation CEO and co-founder Jeffrey Katzenberg will transition out of running the company he founded once Comcast completes its $3.8 billion acquistion.
In announcing their deal Thursday, the companies said Katzenberg will become chairman of DreamWorks New Media, which includesย itsย ownership ofย Awesomeness TV, a digital video venture aimed at teens, and Nova, a software start-up within the company. Katzenberg will also serve as a consultant to NBCUniversal.
It confirms TheWrap’s reporting Wednesday thatย Katzenberg wasย expected to leave the animation studioย he founded if the sale to Comcast wasย successful, according to an individual with knowledge of the situation.