DreamWorks Animation is looking for a new home.
The studio’s board of director has rejected a proposal from Paramount to extend its distribution pact for another year, an individual with knowledge of the negotiations told TheWrap.
DreamWorks' current deal with Paramount expires in 2012.
It will be quite interesting to see where Dreamworks Animation finds for a distributor for its films.Finding a new landing ground for Jeffrey Katzenberg's animation house, however, could be difficult. Most of the studios have animation divisions.
Fox has ramped up its animated output, scoring hits with films such as "Ice Age," and Universal launched its own division, Illumination, headed up by Chris Meledandri in 2007. Sony also has an animation division.
Warner Bros. is reportedly not interested in distributing DreamWorks Animation's films.