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October 26, 2011 | By Richard Verrier, Los Angeles Times
Po pulled his weight for DreamWorks Animation in the third quarter. The rotund martial arts character voiced by Jack Black and star of "Kung Fu Panda 2" helped the Glendale animation studio perform better than expected in the third quarter, even though the company's profit was less than half what it was a year earlier. DreamWorks on Tuesday reported net income of $19.7 million, or 23 cents per share, in the third quarter, compared with $39.8 million, or 47 cents a share, a year earlier.
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ENTERTAINMENT
March 13, 2014 | By Patrick Kevin Day
Netflix and DreamWorks Animation announced the next round of original animated series from their partnership on Thursday, with three new original series and new episodes of the previously launched "Turbo FAST. " The three new series, which are expected to debut on Netflix later in 2014, are "King Julien," a solo series starring the zany lemur character from the "Madagascar" films; "Puss in Boots," starring the Antonio Banderas-voiced character from the "Shrek" films; and "Veggie Tales in the House," new Christian-themed stories from the long-running franchise.
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ENTERTAINMENT
April 17, 2013 | By Rebecca Keegan
DreamWorks Animation is moving ahead with a sequel to its prehistoric family comedy "The Croods," according to a spokeswoman at the Glendale studio. Writers-directors Kirk DeMicco and Chris Sanders will return for the second installment, which does not yet have a release date. "The Croods," which featured the voices of Nicolas Cage and Emma Stone as a cave-dwelling father and daughter navigating familial and tectonic shifts, garnered modest praise from critics, but received a Cinemascore of A from audiences and went on to gross a strong $142 million domestically after its release March 22. PHOTOS: Hollywood backlot moments Worldwide, the film looks poised to cross the $400-million mark next weekend, and it has yet to open in several key territories, including China.
ENTERTAINMENT
February 25, 2014 | By Richard Verrier
DreamWorks Animation took a $13.5-million charge on its animated movie "Turbo," which misfired at the box office this summer. The Glendale-based studio on Tuesday said the charge represented a loss of $0.12 cents of earnings per share in the fourth quarter.  The company said it also recorded a charge of $6.7 million, or $.06 cents a share,  related to other unspecified content. Nonetheless, DreamWorks Animation swung to profit in the quarter, posting net income of $17.2 million on revenues of $204.3 million in the three months ended Dec. 31, compared with a loss of $82.7 million on revenues of $264.6 million during the same quarter in 2012.
ENTERTAINMENT
October 25, 2012 | By Richard Verrier
DreamWorks Animation SKG Inc., the Glendale studio behind the "Shrek" and “Madagascar” movies, announced that Chairman Roger Enrico resigned from the board. Current board member Mellody Hobson will succeed Enrico, according to a statement from the animation studio, which did not disclose reasons for Enrico's resignation. Enrico, 67, has served as DreamWorks Animation's chairman since 2004. He is a former chief executive of PepsiCo Inc., where he spent 31 years. "Roger has been an invaluable leader to our board of directors and his guidance helped put DreamWorks Animation on a path to success from Day 1," DreamWorks Animation Chief Executive Jeffrey Katzenberg said in a statement.
ENTERTAINMENT
July 23, 2012 | By Richard Verrier
DreamWorks Animation, the Glendale-based studio behind the "Shrek" and "Madagascar" movies, is buying Classic Media, a company that owns the rights to "Casper the Friendly Ghost," "Lassie," "The Lone Ranger" and other iconic entertainment characters, for $155 million. DreamWorks Animation announced the all-cash deal early Monday morning. The deal marks the first acquisition for the studio since it went public in 2004. The purchase will deepen DreamWorks Animation's library of film and television characters, giving the studio a new stream of licensing revenues and a potential boost to its share price. Although its movies have generally fared well at the box office, the company's stock has fallen nearly 40% in the last two years.
ENTERTAINMENT
July 19, 2012 | By Richard Verrier
DreamWorks Animation is bulking up its Northern California studio. The Glendale-based company behind the "Shrek" and "Madagascar" movies on Thursday unveiled a new 200,000-square-foot headquarters for its PDI animation facility in Redwood City. The new campus overlooking San Francisco Bay is one-third larger than the previous one (at the same location) and has an on-site clinic for a doctor's office and nutritionist, a larger cafe and more outdoor space with gas heaters "to permit hanging outside year-round.
ENTERTAINMENT
August 5, 2013 | By Richard Verrier
DreamWorks Animation marketing chief Anne Globe has resigned from her job after 17 years with the Glendale-based studio. DreamWorks Animation Chief Executive Jeffrey Katzenberg told his staff Monday morning that Globe had "made the decision to leave DreamWorks Animation to start her own consulting business. " Globe held various positions at DreamWorks, overseeing the marketing of feature films, television series and theatrical productions. Calling her a "talented and creative executive," Katzenberg credited Globe for building relationships with such partners as McDonald's, Intel, General Mills and Nickelodeon.
ENTERTAINMENT
April 30, 2013 | By Richard Verrier
DreamWorks Animation posted a nearly 40% drop in profit in the first quarter while revenue remained virtually flat. For the three months ended March 31, the Glendale studio posted net income of $5.6 million, or 7 cents a share, on revenue of $135 million. That compared with net income of $9.1 million, or 11 cents a share, and revenue of $136.1 million during the same period a year earlier, the company said in a statement. Still, despite the decline in profits the company's results exceeded what industry analysts had projected.
ENTERTAINMENT
February 15, 2013 | By Richard Verrier
DreamWorks Animation SKG is licensing its movie characters for various theme parks being developed in Russia, an increasingly important market for the Glendale-based studio. The creator of the "Shrek," "Madagascar" and "Kung Fu Panda" franchises said it had signed a licensing agreement with Regions Group of Companies, which is developing what is billed as Europe's largest indoor theme parks. Regions says it's the fourth-largest retail property owner in Russia. The parks, scheduled to open in 2015, would be located in St. Petersburg, Moscow and Yekaterinburg and include various attractions based on DreamWorks characters.
ENTERTAINMENT
February 24, 2014 | By Richard Verrier
The green ogre is moving out of his swamp and coming to London. DreamWorks Animation said it was teaming up with Merlin Entertainments, based in Poole, Britain, to create a Shrek-themed attraction on London's South Bank. The show will transport visitors through a "live interactive adventure" featuring Shrek, Fiona, Puss in Boots and other characters from the popular DreamWorks franchise, the companies announced Monday morning. "It's not like anything else, if you can imagine a theater-like experience where you the audience are part of the story," DreamWorks Animation Chief Executive Jeffrey Katzenberg said in an interview.
ENTERTAINMENT
January 13, 2014 | By Richard Verrier
A year ago, DreamWorks Animation Chief Executive Jeffrey Katzenberg trekked to the Bay Area headquarters of YouTube to pitch an idea to his counterpart, Salar Kamangar. "I said to them, I love the things they are doing with YouTube in terms of building out the platform and encouraging user generated content," Katzenberg said. "But as a user, I felt the one thing that was very challenging is ... there's hundreds of hours of programming being uploaded every minute. It's inconsumable and unnavigable and, as a user, it was getting harder and harder for me to know what I should be watching.
ENTERTAINMENT
January 9, 2014 | By Richard Verrier
DreamWorks Animation is expanding its partnership with YouTube. The Glendale-based computer animation company is teaming up with YouTube to produce a series of daily shows that will highlight some of the most compelling entertainment on the video-sharing website, according to a person familiar with the plans. Called "YouTube Nation," the program will feature five-minute highlights of the best of YouTube programming. The series will be produced by DreamWorks Animation and YouTube, which is financing the venture, and is expected to debut next week.
ENTERTAINMENT
January 3, 2014 | By Richard Verrier
DreamWorks Animation SKG is premiering its first computer tablet, one that will teach kids how to be their own animators. The Glendale-based creator of the "Shrek," "Kung Fu Panda" and "Madagascar" movies has partnered with El Segundo-based Fuhu Inc. to create DreamTab, billed as a state-of-the-the art tablet designed for kids. The 8-inch by 12-inch device, which features a new 4.4 Kit Kat Android based operating system, will allow kids to stream movies, TV shows and play games with various innovative parental controls and educational tools.
CALIFORNIA | LOCAL
December 17, 2013 | By Brittany Levine
President Obama's visit to DreamWorks Animation last month cost Glendale about $61,000, and at least one City Council member thinks the city shouldn't be the only one footing the bill for the increased security. During the Nov. 26 visit, Obama met DreamWorks executives and employees, gave an afternoon speech about the importance of the film industry to the American economy and international diplomacy, and visited with stars of an upcoming DreamWorks movie, including Steve Martin.
NEWS
November 26, 2013 | By Kate Linthicum
President Obama praised the entertainment industry for shaping world culture and playing a key role in the international view of America during a speech Tuesday to about 2,000 employees at DreamWorks Animation. "Entertainment is part of our American diplomacy," Obama told the crowd gathered in a sunny courtyard at the animation studio's Glendale headquarters. "It's part of what makes us exceptional, part of what makes us such a world power. You can go anywhere on the planet and you'll see a kid wearing a 'Madagascar' T-shirt.
ENTERTAINMENT
January 3, 2014 | By Richard Verrier
DreamWorks Animation SKG is premiering its first computer tablet, one that will teach kids how to be their own animators. The Glendale-based creator of the "Shrek," "Kung Fu Panda" and "Madagascar" movies has partnered with El Segundo-based Fuhu Inc. to create DreamTab, billed as a state-of-the-the art tablet designed for kids. The 8-inch by 12-inch device, which features a new 4.4 Kit Kat Android based operating system, will allow kids to stream movies, TV shows and play games with various innovative parental controls and educational tools.
ENTERTAINMENT
February 12, 2013 | By Yvonne Villarreal
Amid all the "House of Cards" chatter (e.g., 'Hey, Kevin Spacey takes down the 4th wall Ferris Bueller-style!' and "I watched all 13 episodes in five hours"-- ok, that was a stretch ), Netflix has offered another talking point by annoucing its partnership with DreamWorks Animation to produce a children's series. The video streaming service will add to its original programming slate later this year with a series based on the upcoming DreamWorks Animation flick "Turbo," the companies announced Tuesday.
NEWS
November 26, 2013 | By Kate Linthicum
This is the presidential life, Southern California style: Alien invasions. Banjo-playing actors. Threats to animate the next State of the Union address. President Obama dropped into DreamWorks Animation in Glendale on Tuesday, on the second day of statewide swing dedicated largely to fund-raising. Before delivering a speech to employees, he was treated to a VIP tour by the company's chief executive, Jeffrey Katzenberg, a top Obama fund-raiser. At one point they watched as actors Steve Martin and Jim Parsons recorded lines for the studio's upcoming alien invasion film, "Home.
ENTERTAINMENT
November 21, 2013 | By Richard Verrier and Kathleen Hennessey
President Obama will visit the Glendale campus of DreamWorks Animation SKG next week during a trip to Los Angeles. Obama will tour the site and make a speech to the company's employees, the White House confirmed Thursday. “On Tuesday, November 26, the president will visit DreamWorks Animation facility in Glendale, California, to deliver remarks on the economy," White House spokesman Josh Earnest said. "The American motion picture and television industry is a growing industry and continues to create thousands of jobs all across the country.
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