Jeffrey Katzenberg, a liberal donor who was awarded the prestigious National Medal of Arts by President Barack Obama last year, will be laying off 350 of his employees at DreamWorks Animation, according to a CNN report.
Jeffrey Katzenberg, the embattled CEO of Dreamworks Animation, was overheard planning his fundraising strategy for Hillary Clinton’s presidential run at lunch in the Caribbean with Marc Lasry, the Russian mafia-connected owner of the Milwaukee Bucks.
Low box office numbers for Dreamworks Animation’s Penguins of Madagascar is the latest in troubles for Obama donor Jeffrey Katzenberg, who has unsuccessfully been shopping the studio all year.
Hillary Clinton will be attending Jeffrey Katzenberg’s Hollywood fundraiser for Senate Democrats, according to the Los Angeles Times.
Jeffrey Katzenberg made a plea to Rupert Murdoch for him buy DreamWorks Animation for $4 billion after it was reported that the company was close to being sold to a Japanese company for a lower amount. Murdoch shut him down.
DreamWorks is in serious sale talks with a Japanese bank that is valuing the company at $3.4 billion. The three biggest individual shareholders of the company are loyal Democratic donors who are about to get a lot richer.
The executives at the helm of Hollywood’s biggest studios are accused of conspiring together in an effort to suppress worker salaries, according to the Los Angeles Business Journal.
DreamWorks CEO and major Obama donor Jeffrey Katzenberg is forcing Lassie, the beloved American collie, to endure a grueling publicity tour in an effort to turn a profit for his struggling movie studio. DreamWorks acquired the rights to the storied franchise in 2012, and Katzenberg is determined to turn Lassie into a “merchandizing star” in order to milk the innocent pooch for all she’s worth. According to the New York Times:
DreamWorks Animation CEO Jeffrey Katzenberg, a high dollar Democratic donor, is under scrutiny for more than a million dollars in stock sales prior to a precipitous decline in value of the company’s share prices, the New York Post reported on Monday.
The studio led by a high-powered Hollywood exec who’s given millions of dollars to President Barack Obama and other Democrats faced a sell-off on Wednesday as its stock plunged by double digits.