PropertyValue
?:author
?:datePublished
  • 2021-02-20 (xsd:date)
?:headline
  • Does China Own DreamWorks? (en)
?:inLanguage
?:itemReviewed
?:mentions
?:reviewBody
  • In February 2021, a meme circulated on Facebook claiming that Communist China owned DreamWorks: Since the meme urged people to FACT CHECK THIS!, we did, and it appears that these claims are made up out of whole cloth. DreamWorks Animation LLC is an American animation studio best known for making movies such as Shrek and How to Train Your Dragon. It started as a division of the movie production company DreamWorks Pictures founded in 1994 by Steven Spielberg, Jeffrey Katzenberg, and David Geffen. In 2016, the company was acquired by NBCUniversal, a division of Comcast Corporation, in a deal worth about $3.8 billion. Variety reported at the time: NBCUniversal and Comcast are both American companies. We're not entirely sure where the claim that China owns DreamWorks originated, but it might be based on some confusion over the animation company Pearl Studios, which was formerly known as Oriental DreamWorks. While these companies do have a connection, they are two separate entities. Oriental DreamWorks was started as a joint Chinese-American venture in 2012 between Chinese investment companies and DreamWorks Animation. When Comcast acquired DreamWorks in 2016, they noted that DreamWorks Animation owned a 45% stake in Oriental Dreamworks: Two years after this deal in 2018, the Chinese investment firm CMC Capital Partners took full ownership of Oriental DreamWorks and relaunched it as Pearl Studio. Deadline reported: A Chinese investment firm (not the Chinese government) owns an animation studio called Pearl Studio that originated as a Chinese-American joint venture called Oriental DreamWorks. In no way can this be construed as the Chinese Communist Party's owning the American company DreamWorks. (en)
?:reviewRating
rdf:type
?:url