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A $400-million payday awaits DreamWorks Animation founder Katzenberg

A $400-million payday awaits DreamWorks Animation founder Katzenberg

Being forced out of Walt Disney Co. two decades ago may have been the best thing to happen to Jeffrey Katzenberg.

It didn't seem so at the time. But if that had never happened, he wouldn't have started DreamWorks Animation — or be in line for a nearly $400-million payoff he will get with its sale to Comcast's NBCUniversal.

In addition to rewarding the 65-year-old mogul handsomely, the $3.8-billion deal could provide a secure future for the studio he led for the last 22 years.

"He goes out with a swan song," said Michael...

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