DreamWorks to Co-Produce Animated TV Series in Canada
As the studio ramps up TV series production, DreamWorks will jointly produce 130 half-hours of cartoon fare with DHX Media.
Jeffrey Katzenberg's DreamWorks Animation has pacted with Canadian kids producer DHX Media to co-produce 130 half-hours of original cartoon fare for worldwide distribution.
The five-year deal will see the branded series made at DHX Studios, with the Hollywood studio tapping local tax credits and currency savings from a falling Canadian dollar. DreamWorks Animation, which adapts its hit cartoon franchises for the small screen, will distribute the DHX Studios output internationally outside of Canada.
DreamWorks Animation is responsible for Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon.
DHX, which will air the co-produced content on its Canadian TV channels, including Family Channel, earlier signed a licensing deal with AwesomenessTV, which is majority owned by DreamWorks. The new DreamWorks deal also calls for DHX to license more than 1,000 half-hours of library TV series from DreamWorks Animation, to include series such as All Hail King Julien, The Mr. Peabody & Sherman Show, Dragons: Race to the Edge and The Croods.
DreamWorks has a number of licensing deals with other broadcasters, most notably an output deal with Netflix. "This pact with DHX will not only expand the footprint of our existing library, but also create new branded series in Canada with global appeal," DreamWorks Animation president Ann Daly said Tuesday in a statement.