Jeffrey Katzenberg Raises $600 Million for New Venture, WndrCo
He stepped down from his post as DreamWorks Animation CEO after selling the company to NBCUniversal last year.
New details have emerged about Jeffrey Katzenberg's next act following the sale of DreamWorks Animation to NBCUniversal last year.
The longtime Hollywood mogul has raised close to $600 million for a new venture called WndrCo LLC, according to a regulatory filing made public on Thursday. There has been much speculation in media and investment circles that Katzenberg planned to invest in and build digital media ventures following his departure from DWA, and this filing appears to confirm those plans.
The filing indicates that WndrCo has not yet completed its fundraising. Sources tell The Hollywood Reporter that the company is looking to raise closer to $750 million.
Katzenberg is listed as an executive officer and director for the company, which has a Beverly Hills address, alongside former DreamWorks Animation president Ann Daly and former Dropbox CFO Sujay Jaswa. The company's investors are not disclosed.
Katzenberg's DWA sold to NBCU for $3.8 billion and he stepped down as CEO to become chairman of DreamWorks New Media, a division that includes AwesomenessTV. He left his post earning $400 million from the deal.
The vision for WndrCo, which will lean on the media and entertainment backgrounds of Katzenberg and Daly while also relying on Jaswa's operational and investing experience, is said to be modeled after Barry Diller's IAC, with the goal of not just investing in digital and tech ventures but also overseeing operations.
The Wall Street Journal first reported on the filing.
Jan. 26, 12:23 p.m.: Updated to include additional details about WndrCo.