Glendale, California – DreamWorks Animation SKG, Inc. announced that at its upcoming annual meeting of stockholders, scheduled to be held on May 29, 2013, current directors Nathan Myhrvold and Richard Sherman will retire from the company’s Board of Directors. Lucian Grainge, chairman and chief executive officer of Universal Music Group, and Jason Kilar, founding chief executive officer of Hulu, will be nominated for election as new Directors.

Kilar was the founding CEO of Hulu and a pioneer in the field of digital content. He resigned from his position early this year. Prior to building Hulu, Kilar served in key leadership positions with Amazon.com, including senior vice president of Worldwide Application Software, and vice president and general manager of Amazon.com’s domestic books, music and video businesses.

Grainge joined Universal Music Group in 1986 and has spent his entire career in the music industry. He has not only pioneered new approaches to the signing and development of the world’s most successful recording artists and songwriters but has also consistently championed the development of innovative business models and partnerships with a wide range of technology and media partners around the world.

Myhrvold is the chief executive officer of Intellectual Ventures and has served on the DreamWorks Animation Board of Directors since the company went public in October of 2004. Sherman is the chief executive officer of The David Geffen Company and has served as a DreamWorks Animation Board member since November 2008.