Jeffrey Katzenberg, former chief executive officer of DreamWorks Animation and former chairman of Walt Disney Studios, at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference in Sun Valley, Idaho. Katzenberg has raised $1 billion in initial funding for his NewTV start-up seeking to tailor television to smartphone lifestyles, pulling in Hollywood's biggest studios. Disney, 21st Century Fox, MGM, Sony Pictures and Warner are among the investors in NewTV, a working name for the new company, Katzenberg's WndrCo company announced on August 7, 2018. Photo: AFP

Alibaba invests in DreamWorks co-founder’s venture to create short videos for smartphones

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Jeffrey Katzenberg, former chief executive officer of DreamWorks Animation and former chairman of Walt Disney Studios, at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference in Sun Valley, Idaho. Katzenberg has raised $1 billion in initial funding for his NewTV start-up seeking to tailor television to smartphone lifestyles, pulling in Hollywood's biggest studios. Disney, 21st Century Fox, MGM, Sony Pictures and Warner are among the investors in NewTV, a working name for the new company, Katzenberg's WndrCo company announced on August 7, 2018. Photo: AFP
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