July 23, 2012 |
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.
October 25, 2012 |
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.
July 13, 2012 |
DreamWorks Animation has decided not to distribute its own films after its longtime deal with Paramount Pictures expires this fall, and it may strike a new pact with Sony Pictures, according to people close to the negotiations not authorized to speak publicly. The Glendale-based studio behind the “Shrek” and “Kung Fu Panda” movies must find a new distribution partner quickly. Its last film under the Paramount deal, “Rise of the Guardians," hits theaters on Nov. 12. The publicly held DreamWorks does not yet have a distributor for “The Croods,” set to come out in March, and for "Turbo," scheduled for next July.
July 19, 2012 |
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.
April 30, 2013 |
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.
August 5, 2013 |
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.