Jeffrey Katzenberg seems to be putting the windfall he got from that $3.8 billion Dreamworks deal to use.
The businessman has inked an office lease at none other than 9200 Sunset Boulevard, the site of the Soho House, just months after agreeing to hand over over the reins of his studio to Comcast, the New York Post reported.
It wasn’t immediately clear how Katzenberg planned to use his new digs. His reps denied the Post’s suggestion that he was considering setting up a new venture capital fund.
As part of the Comcast deal, he will become the chairman of a new entity, DreamWorks New Media. He will oversee online entertainment studio AwesomenessTV, as well as marketing arm DWA Nova. Just last month, AwesomenessTV closed on a lease for a 90,000-square-foot space at Clarion Partners’ Pen Factory at 2701 Olympic Boulevard, The Real Deal reported.
Meanwhile, Katzenberg is facing a class action lawsuit brought by a a DreamWorks shareholder, claiming that the CEO struck a side deal with Comcast that put his own interests ahead of those of shareholders. [NYP] — Cathaleen Chen