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Dreamworks Pictures
Out of a close circle of friendship was born the new Hollywood. For about 60 years, the movie studio world seemed pretty settled. Then in 1994, the director and producer Steven Spielberg, music executive David Geffen, and former Disney executive Jeffrey Katzenberg established DreamWorks Pictures in Universal City, California.
Background and History
DreamWorks SKG was created in an effort to provide an alternative to the material that was being produced by the larger film studios in Hollywood. Its founders were experienced professionals, and each invested $33 million to create the first major independent movie studio in the United States since United Artists was created in 1919. It also had significant investment from other sources, such as Microsoft cofounder Paul Allen, who invested $500 million, and the Korean ...
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