DreamWorks Animation SKG Inc, which has given hits like "Kung Fu Panda" and "Madagascar", has announced that its films will be distributed by 20th Century Fox starting next year.
The movie studio's five-year agreement replaces an existing distribution agreement DreamWorks has with Viacom Inc's Paramount Pictures.
Under the terms of the agreement, Fox will assume certain marketing and distribution responsibilities in both domestic and international markets for all animated feature films produced by DreamWorks Animation for release in 2013 through 2017.
"Fox has long been an industry leader in both theatrical and home video thanks in large part to its well-integrated approach to distribution across a wide range of platforms around the globe," said Jeffrey Katzenberg, Chief Executive Officer of DreamWorks Animation.
"Jim Gianopulos and Tom Rothman have built a world-class distribution team and we are excited to apply their expertise, robust infrastructure and global resources so that DreamWorks Animation's films can reach their fullest possible potential over the next five years," he added.
Fox Film Entertainment CEOs and Chairmen, Jim Gianopulos and Tom Rothman said, "DreamWorks Animation is a great company that makes terrific films and everyone here feels privileged and honored to have been chosen to distribute their marvelous work throughout the world."
