Mark Zoradi

DreamWorks Animation cutting 20% of staff

DreamWorks Animation is cutting 500 jobs, a move expected to cost Jeffrey Katzenberg’s company US$290 million. As part of plan to significantly reduce the cost of its core animated feature films output, jobs will go across all divisions. DreamWorks said the cuts would result in pre-tax annualised savings of US$30 million in 2015 and as […]

DreamWorks drafts in DirecTV exec post reshuffle

DreamWorks Animation has appointed senior DirecTV executive Fazal Merchant as its new CFO following an internal shuffle. Merchant (pictured) comes across from DirecTV Latin America, where he was senior VP and CFO, after Dreamwork’s previous financial chief Lew Coleman moved into a vice chairman role this month. The appointment also follows that of ex-Disney exec […]

DreamWorks swings to loss as SEC probes write-down

DreamWorks Animation has reported a quarterly loss with its movie business underperforming. However, as the features side of the business suffered, the US-listed firm said that it will ramp up activity in the TV sector. Reporting second quarter financials, the studio also said that the US Securities and Exchange Commission is investigating a write-down DreamWorks […]

DreamWorks appoints Zoradi amid management shake-up

DreamWorks Animation has recruited former Disney executive Mark Zoradi as COO, sparking several senior management changes. Zoradi, who is credited with being one of the executives that helped launch the Disney channel during his time at the Mouse House, will work across DreamWorks’ TV and feature films operations. The company has been pushing heavily into […]