China's CMC Takes Full Ownership of NBCUniversal's Oriental DreamWorks | Hollywood Reporter
Universal is out of Oriental DreamWorks now, they've sold their 45% stake to the majority partner CMC.
This means that Everest will be the only remaining movie that they collaborate on, set for release next year.
It's a sensible move given that Universal is focused on releasing 2 DreamWorks and 2 Illumination movies a year starting in 2019. They already have enough animation output to not need the Chinese joint venture.
This also might be bad news for Laika in the future; not sure if the FF-Laika deal is renewed.
Universal is out of Oriental DreamWorks now, they've sold their 45% stake to the majority partner CMC.
This means that Everest will be the only remaining movie that they collaborate on, set for release next year.
It's a sensible move given that Universal is focused on releasing 2 DreamWorks and 2 Illumination movies a year starting in 2019. They already have enough animation output to not need the Chinese joint venture.
This also might be bad news for Laika in the future; not sure if the FF-Laika deal is renewed.
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