Cooley Represents DreamWorks Animation in Acquisition of AwesomenessTV
Los Angeles, Calif. – May 9, 2013 – Cooley LLP announced today that it represented DreamWorks Animation SKG, Inc. in the negotiations that culminated in its agreement to buy AwesomenessTV, a multi-channel YouTube subscription for teens.
DreamWorks Animation will pay $33 million upfront, and up to an additional $117 million, contingent on AwesomenessTV achieving specified earnings targets in 2014 and 2015.
The Cooley team representing DreamWorks included Los Angeles-based partners Chris Shoff and Jennifer Massey, and associates Nicole Miller, Az Virji and Philip Castro. Also involved from Cooley were partners Renee Deming, Francis Fryscak, Mark Windfeld-Hansen and Nancy Wojtas; special counsel Susan Lyon and Cydney Posner; and associates Laura McDaniels, John Paul Oleksiuk and Yueting Liang.
View the DreamWorks press release here.
About Cooley LLP
Cooley's 700 attorneys have an entrepreneurial spirit and deep, substantive experience, and are committed to solving clients' most challenging legal matters. From small companies with big ideas to international enterprises with diverse legal needs, Cooley has the breadth of legal resources to enable companies of all sizes to seize opportunities in today's global marketplace. The firm represents clients across a broad array of dynamic industry sectors, including technology, life sciences, health care, venture capital, clean energy, real estate and retail.
The firm has full-service offices in eleven major business and technology centers: Boston, MA; Broomfield, CO; Los Angeles, CA; New York, NY; Palo Alto, CA; Reston, VA; San Diego, CA; San Francisco, CA; Seattle, WA; Washington, DC; and Shanghai, China.