SAN FRANCISCO — DreamWorks Animation SKG Inc. has reached a $50 million settlement to get out of a class action alleging that the animation studio held down employee wages through a “no-poach” conspiracy with other companies.
The proposed settlement is the latest peace pact to be reached in the antitrust litigation against animation studios brought on behalf of visual effects artists in 2014. It follows deals with Sony Pictures and Blue Sky Studios Inc. earlier this year, and comes after DreamWorks’ acquisition by NBCUniversal Media in August.
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