For DreamWorks and its CEO Katzenberg, the Netflix partnership may be equally important to the company's growth and strategic positioning.
The company has been moving in the direction of more profitable serialized TV content from its traditional movies expertise, notes Michael Corty, a Morningstar analyst. DreamWorks acquisition of Classic Media, for instance brought in the intellectual property to build out TV shows that may soon run exclusively on Netflix.
Meanwhile, instead of brokering to have content run on cable channels or movie distributors, DreamWorks is moving in the direction of streaming services such as Netflix. The company also announced a content partnership with Amazon.