Viacom Boss States He's 'Very Good, Strong' Relationship With Jeffrey Katzenberg

NEW You are able to - Viacom Boss Philippe Dauman stated Friday that his company's Vital Pictures studio is "proceeding underneath the assumption" that it is distribution cope with DreamWorks Animation will finish the coming year, but stated he includes a "excellent, strong" relationship with DWA Boss Jeffrey Katzenberg. As the relationship between Kaira Gray at Vital and Katzenberg continues to be considered to be rocky, Dauman stated with an earnings business call the galleries have experienced a great working relationship. Rather, choices concerning the future simply come lower as to whether both companies' proper objectives align or otherwise, he contended. Dauman didn't address DWA's recent rejection of Vital's offer to carry on disbursing the animation studio's releases for an additional year after their current agreement expires the coming year. Rather, Dauman repeated that DWA has stated openly it won't address the Vital deal until the coming year. While Viacom is "happy to stay in business together,Inch the conglomerate's studio is moving ahead with the entire process of greenlighting and slotting 2013 releases instead of awaiting DWA, Dauman reiterated an earlier comment. "Vital is going to do all right under any scenario," and thus will DWA, he stated. Importantly, he didn't make any comments that will eliminate a continuation from the partnership. Some experts have recommended when DWA doesn't find an alternate option, it might wish to continue the Vital relationship - potentially even on less favorable financial terms. Dauman stated he feels the DWA-Vital problem has attracted a "surprising quantity of attention" and pointed out the two work together in the areas, for example TV programming for Nickelodeon. Overall, their work relationship will "continue in a single form or any other,Inch he stated. Requested if the price of advertising for DWA release is simply too high, which might delay their profitability, Dauman stated there's been no tension using the DWA Boss about advertising investing. He contended that advertising works and drives success within the film business. "We now have done a fantastic job marketing DWA releases," he came to the conclusion. Talking about the current launch of the Vital's animated film arm, Dauman stated "the timing is ripe with this move." He reported the organization's reinvigorated studio and "abundant creative vigor," highlighting the first animated release is anticipated in 2014 with budgets for that one animation film each year as high as $100 million. Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects Jeffrey Katzenberg Viacom DreamWorks Animation Vital Pictures Philippe Dauman