There are big plans for the animation house that built “Shrek” 1 and 2 — a $650 million IPO and a split from parent company DreamWorks SKG, which was originally formed to unite the creative forces of Steven Spielberg, Jeffrey Katzenberg, and record producer David Geffen.
DreamWorks Animation, based in the Los Angeles suburb of Glendale, California, would be controlled by Katzenberg and Geffen. Katzenberg would be chief executive and Geffen would sit on the board, according to a filing with the U.S. Securities and Exchange Commission… Roger Enrico, former chairman and CEO of PepsiCo Inc., would be chairman of the new company. Spielberg would not hold a seat. Microsoft co-founder Paul Allen, an initial DreamWorks investor, would sit on the board and could cash out some of his original investment, although the filing does not say he will.