1) Animation is consolidating as an industry. It used to be a 2 horse race between Dreamworks and Pixar. Now it's much more competitive. I think we now have two powerful animation players with Universal and Disney. They should be well equipped to fight Chinese players.
2) I wonder if we'll see a pivot from the Nintendo plans to more Dreamworks properties. This could affect the road map of new attractions going forward.
3) This vindicates Robert Iger's strategy. His three large acquisitions brought the company the MCU, Star Wars, Indiana Jones, Up, Inside Out, etc. Frankly I don't see this Dreamworks acquisition ever being as successful as Star Wars and Indiana Jones. Iger made very good buys.
4) This is kind of the last frontier of major franchises held by small companies. Comcast and Disney won't be able to buy themselves out their problems in the future.
5) I'm not sure if Dreamworks will survive as an entity long term or be folded into the existing structure. It could go either way. Too early to tell.