Paul Hastings Advises DreamWorks Animation SKG in 25% Stake Sale of AwesomenessTV

December 15, 2014
Los Angeles, CA-- Paul Hastings LLP, a leading global law firm, announced today that the firm represented entertainment company DreamWorks Animation SKG in selling a 25% stake of AwesomenessTV, a leading multi-platform media company serving the global teen community, to Hearst Corporation, a diversified media and information company. 
The purchase price of the take was $81.25 million. DreamWorks and Hearst plan to work together to support AwesomenessTV’s efforts to enter into new content channels, broaden its audience and expand its geographic reach. 
The deal is part of a trend of traditional media companies investing in upstart “new television” and “multiplatform” entertainment companies.
M&A partner David Hernand led the Paul Hastings team, which also included M&A partner Beni Surpin, Employment partner Stephen Harris, Tax partner Alexander Lee, Corporate partner Jane Song and associates Stan Kalminsky, Olga Marshall, Amy Lawrence, and Ryan Enchelmayer.
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