Skydance Taps DreamWorks Veteran Larry Wasserman as CFO
The move comes as Skydance ramps up its output, moving into the TV space with its first series
Former DreamWorks CFO Larry Wasserman is joining Skydance Productions in the newly created post of CFO.
Wasserman will oversee all of Skydance's finance, accounting and administrative operations and support the analysis and execution of new initiatives across the production and finance company, which has been ramping up its output in the past year, moving into the TV space with its first series.
"I am thrilled to welcome Larry Wasserman to the Skydance family," Skydance CEO David Ellison said. "Larry's wealth of knowledge and depth of experience make him the perfect addition to our company as we continue to grow and expand our film and television business."
At DreamWorks, Wasserman oversaw all financial activities and several divisions of the independent film studio, playing a key role in relaunching the company in 2008. During his decade at DreamWorks, he held a variety of senior positions and played a key role in securing more than $1 billion of financing, working closely with Reliance Entertainment and an 11-bank syndicate led by JPMorgan Chase.
Before DreamWorks, Wasserman worked in the business development and strategic planning group at Universal Pictures, where he managed the deal-analysis process and evaluated expansion opportunities, including mergers and acquisitions, joint ventures, and partnerships in both traditional and digital media.
"David Ellison is building a dynamic next-generation media company and has set Skydance on an amazing trajectory," Wasserman said, "I'm excited to be joining David and his team at a time of rapid growth and incredible potential."
Skydance recently launched its first TV series, WGN's 13-episode period drama Manhattan. Next up for the TV division is the original comedy series Grace and Frankie, starring Jane Fonda and Lily Tomlin as longtime rivals brought together by an unusual change in their marital circumstances. Written and created by Marta Kauffman and Howard J. Morris, the show’s 13-episode first season will premiere on Netflix in 2015.
On the film front, the company recently wrapped production on the Terminator reboot, Terminator: Genisys, which will be released on July 1, 2015. The company is currently in production on Mission: Impossible 5, starring Tom Cruise. Later this year, it will begin production on Star Trek 3 and the Dean Devlin-helmed disaster film Geostorm.