Dreamworks Animation CEO Compensation Jumps 31 Percent

Priorities USA donor, Obama friend Katzenberg netted $5.24 million from studio last year
Jeffrey Katzenberg / AP

Jeffrey Katzenberg / AP


DreamWorks Animation chief executive officer Jeffrey Katzenberg took home a $5.24 million compensation package from the studio, a 31 percent increase over the year prior.

The Hollywood Reporter reports:

According to a SEC statement from the company, his overall compensation package increased from $4 million to $5.24 million last year.

Katzenberg actually took a salary in 2012, compared to the previous two years where he only earned $1 in salary. In contrast, DreamWorks Animation’s CEO earned $365,386 in salary last year.

He also earned $5 million in stock awards — about a million more from 2011 — and an additional $375,000 in other compensation.

Katzenberg announced Friday in Beijing a major film project to be co-produced in China, according to the Wall Street Journal. The film will portray “Chinese values” and “Chinese morality,” according to the chairman of China Film Group Corp., the state film distributor.

Last year, DreamWorks Animation announced a $2 billion deal with the Chinese government that will allow the company to build a studio in Shanghai. The U.S. Securities and Exchange Commission later opened an investigation into allegations Katzenberg had bribed Chinese officials.

Katzenberg’s political activity was also notable last year.

The CEO donated $3 million to Priorities USA, the Obama-affiliated Super PAC best known for a campaign ad suggesting Mitt Romney may have been responsible for a woman’s death from cancer. He was a leading fundraiser for the president, raising more than $6.5 million for President Obama’s two campaigns, and hosting multiple Obama fundraisers.