As of 2026, the "DreamWorks" brand exists primarily as two distinct corporate entities: DreamWorks Animation and Amblin Partners. Following its acquisition by NBCUniversal (Comcast) in 2016, DreamWorks Animation is the division responsible for franchises like Shrek, Kung Fu Panda, and How to Train Your Dragon. It operates under the Universal Pictures umbrella, much like Illumination. The "live-action" side of the original company is now part of Amblin Partners, a production company led by Steven Spielberg. While they still sometimes use the "DreamWorks Pictures" label for certain films as a brand name, the independent "DreamWorks SKG" studio that launched in 1994 no longer exists in its original form. Essentially, if you see the iconic boy-on-the-moon logo today, it is either a Universal-owned animation project or an Amblin-led live-action film. The brand remains powerful in 2026, but the corporate structure is now fully integrated into the larger Hollywood ecosystems of Comcast and various international investment groups.