DreamWorks Animation Sells 24.5% Equity Stake of AwesomenessTV To Verizon

April 06, 2016

Los Angeles, CA-- Paul Hastings LLP, a leading global law firm, announced today that the firm represented entertainment company DreamWorks Animation in selling a 24.5% equity stake of AwesomenessTV, a leading multi-platform media company, to Verizon Communications, a telecommunications company, and a related agreement to create a first-of-its-kind premium short-form mobile video service featuring leading creative talent.

AwesomenessTV will be valued at approximately $650 million upon the close of this transaction. The deal represents one of the first instances of a major content distributor making a multi-year commitment to license and distribute short-form, high-quality scripted and non-scripted entertainment content intended primarily for viewing on mobile devices.

Corporate partner David Hernand and of counsel Ron Ben-Yehuda led the Paul Hastings team, which also included partners Scott Hataway, Stephen HarrisPierre Kirch, and Alexander Lee; and associates Stan KalminskyOlga Marshall, and Amy Lawrence.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies

Practice Areas

Mergers and Acquisitions


Technology, Media and Telecommunications



Corporate, Litigation, Real Estate, Intellectual Property, Life Sciences, and Employment

Becca Hatton


Katy Foster


Miranda Ward

Submission Requests

Firmwide Inquiries

Elliott Frieder

Get In Touch With Us

Contact Us