After his long run as head of Dreamworks Animation came to close when the company was sold to NBC Universal, Jeffrey Katzenberg began putting together his next chapter. The name of that next chapter is WndrCO and it is armed with an almost $600 million war chest. Mr. Katzenberg is on the hunt to invest in digital media and tech ventures. But with over half billion dollars raised, Mr. Katzenberg and his team which includes former DreamWorks Animation President Ann Daly and former Dropbox executive Sujay Jaswa are not done raising capital for their new venture.
The company hopes to increase its funding to as much as $750 million “in the next couple months,” according to a person briefed on the plans who was not authorized to comment. Katzenberg has previously displayed his interest in the merging realms of Hollywood and digital media — having led DreamWorks’ investment in teen-focused online video network AwesomenessTV.
You might also like
More from DIGITAL
Meredith for the third time we know of, has officially submitted a takeover bid for iconic magazine publisher Time Inc. …
Mashable which announced in the summer that it was exploring strategic options including a partial or full sale, has opted …