DreamWorks TV Debuts on YouTube - Analyst Blog

By
A A A

DreamWorks Animation SKG Inc. ( DWA ) has launched its online TV channel, DreamWorks TV, on Google Inc. ( GOOG ) controlled YouTube. This multi-platform media service will combine DreamWorks original content library with the digital content delivery expertise of AwesomenessTV, which was acquired by DreamWorks in May 2013.

AwesomenessTV is a premier digital content developer and distributor. It boasts significant Internet offerings and generates revenues primarily from online advertising and distribution of content through media channels such as theatrical, home entertainment and television.

Recently, AwesomenessTV took over Big Frame, another digital content developer and distributor. Notably, DreamWorks has also entered into an online streaming agreement with Netflix Inc. ( NFLX ).

DreamWorks is diversifying its Feature film segment to mitigate volatility in the film business. Management has decided to invest in key growth areas in order to expand the company's operations into TV, consumer product, digital content and location-based entertainment. DreamWorks believes that exploring all options is the best way to optimally monetize its extensive portfolio of intellectual property rights.

DreamWorks TV primarily targets young viewers between the age group of six and eleven. The network plans to introduce more than a dozen new shows in the first few weeks from original live-action and animated short-form content library of DreamWorks Animation.

The Live Action series will include OMG, Record Setter Kids and Prank My Parents. Animation series will include Jimmy Blue Shorts, Gorillaville, Report Card, Public Pool and Fit Cat Therapist. Additionally, Richie Rich, an original scripted series based on the iconic comic book character will also be available.     

DreamWorks currently carries a Zacks Rank #3 (Hold). Another better-ranked stock in the movie/TV production/distribution industry is News Corp. ( NWSA ), with a Zacks Rank #2 (Buy).


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

NETFLIX INC (NFLX): Free Stock Analysis Report

NEWS CORP NEW-A (NWSA): Free Stock Analysis Report

DREAMWORKS ANIM (DWA): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: NFLX , NWSA , DWA , GOOG

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Cheap Ways to Sleep Better
Cheap Ways to Sleep Better          

Stocks

Referenced

Most Active by Volume

105,679,298
  • $16.13 ▼ 0.19%
43,130,824
  • $101.32 ▲ 0.74%
24,108,376
  • $59.80 ▲ 7.34%
22,524,427
  • $26.15 ▼ 1.06%
22,194,114
  • $24.65 ▼ 0.96%
21,835,360
  • $99.05 ▲ 0.15%
20,872,575
  • $34.94 ▼ 0.60%
20,561,803
    $74.57 unch
As of 8/22/2014, 04:02 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com