The move comes after the studio's parent company, Comcast, bought DreamWorks Animation, the studio behind "Shrek," in 2016 for $3.8 billion. Initially, there had been speculation that Meledandri, whose Illumination Entertainment is co-owned by Universal, would be asked to oversee DreamWorks Entertainment. However, Meledandri says he came to feel that he couldn't manage the two companies and still maintain the same level of quality in the films he makes.