Here’s one of the benefits for Jeffrey Katzenberg from his decision last week to sell DreamWorks Animation to Comcast. He doesn’t feel a need to answer analysts’ questions in his quarterly conference call to present his studio’s earnings.
Today’s presentation was over in less than 10 minutes after the CEO gave the news to analysts and turned the mike over to CFO Fazal Merchant who discussed Q1 results.
Katzenberg opened the brief session saying that Comcast’s $41 a share offer “delivers significant value for our shareholders” and “supports NBCUniversal’s growing family of entertainment businesses.”
Up to the expected closing toward the end of this year “it is business as usual for us. I will continue to be leading the company and working diligently each and every day with our team to ensure that we are executing toward our strategic goals.”