Quibi — the little loved and already mostly forgotten $1.75 billion streaming platform that lived for only eight months — may have gone down in a spectacular flameout of financial woes and schadenfreude, but founder Jeffrey Katzenberg and his family remain firmly in the black. Case in point, Katzenberg’s 37-year-old daughter Laura, who recently shelled out an impressive $9.5 million to upgrade her L.A. residential circumstances. Her new mansion of choice lies atop a prime corner lot on one of Brentwood’s most desirable streets.
Of course, that sort of big real estate purchase is also backed by Katzenberg’s astoundingly successful, nearly 50-year career outside of Quibi, during which time he was Chairman of Walt Disney Studios from 1984 until ’94, overseeing the production of classic films such as “The Little Mermaid,” “Beauty and the Beast,” and “The Lion King.” When he left Disney and started DreamWorks Animation, the hits became (arguably) even bigger, with globally successful franchises that included “Shrek,” “Kung Fu Panda,” “Madagascar,” and “How to Train Your Dragon.”
For her part, Laura Katzenberg keeps a lower public profile than her media titan dad, only occasionally popping up in news feeds when Elton John performs a surprise serenade at her wedding, or when she attends this or that gala with husband Mark Sudack, a music producer who once dated Mariah Carey. The couple’s attractive new digs are described as “European Traditional” in listings held by David Offer at Berkshire Hathaway HomeServices, and the impressive house sports six bedrooms and a total of 4.75 baths in about 6,100 square feet of living space, per property records. Rayni Williams at The Beverly Hills Estates and Mick Partridge at Hilton & Hyland repped Katzenberg in her purchase.