Fortune

IT’S JEFFREY KATZENBERG’S FUTURE

His career as a studio mogul just ended with the sale of DreamWorks Animation. But Katzenberg has shaped some of the most important changes in the movie industry over the past two decades—and he’s not done yet.
LET’S DO BREAKFAST Katzenberg holds court over “breakfast pizza” at Los Angeles eatery Jon & Vinny’s, where the former studio head has been holding back-to-back-to-back morning meetings as he prepares to launch a new investment firm.

THE DAY AFTER selling his company to Comcast for $3.8 billion, Jeffrey Katzenberg is doing what he’s always done—presiding over back-to-back breakfast meetings.

In Hollywood circles, the former CEO and cofounder of DreamWorks Animation—and the “K” in its original parent company, DreamWorks SKG—is known for his multiple morning mealtime tête-à-têtes. Today’s appointments are being held in a back booth at a trendy pizzeria in Los Angeles’s up-and-coming Fairfax neighborhood. It’s one of those spots that are cool precisely because they don’t look that cool, with its nondescript, neon-green sign and wood-paneled, sauna-like walls. (For even more hipster appeal, it’s located next to an Orthodox Jewish synagogue.)

Katzenberg fits right in by looking inconspicuous, in a blue-and-white striped button-down and slacks. Rimless glasses frame his greenish eyes. Sure, he’s 65, but whatever Hollywood-concocted cleanse he’s been on for the past few decades, it appears to be working. Katzenberg has the energy and drive of a man at the start of his career, not the temperament of someone already eligible for senior-citizen discounts. He is direct, efficient. Take a short pause while asking him a question, and you sense his mind wandering, as though there were a million things he could have accomplished in that split second of wasted time.

Then again, there’s a juvenile and jovial side that emerges in conversation. He’s got a cackling laugh and a smile that stretches (almost) from ear to ear. This is, after all, the man who brought a flatulent green ogre and a pratfall-prone overweight panda to the moviegoing masses. And his passion for the fun and quirky hasn’t waned: When we meet, he is about to head to the Burning Man festival with his 33-year-old son. It’s a fitting time for the long-standing studio exec to embark on a vision quest in the Nevada desert—because now that DreamWorks Animation is a part of Comcast, Katzenberg is out of the picture.

Not that he has any qualms about where he’s going next or about leaving the past behind. “I have no remorse,” Katzenberg says as I slide onto the bench across from him (it’s 9:15 a.m., and I’m his third meeting of the day). “I’m not sad.”

The approximately $400 million he personally made from the deal may have something to do with his buoyancy. But it’s clear Katzenberg isn’t planning on spending the

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