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Dreamworks Animation

ENTERTAINMENT
June 18, 2013 | By Richard Verrier
In the latest push to expand its television production business, DreamWorks Animation has signed a five-year deal to produce animated television shows for German broadcaster Super RTL. Under the deal, the creator of the "Shrek," "Kung Fu Panda" and "Madagascar" franchises will supply up to 1,100 hours of animated programming for Super RTL, the leading children's TV channel in Germany. The licensing agreement includes new television series inspired by DreamWorks' hit franchises and future films, the first two of which will be "How to Train Your Dragon" and a show based on the upcoming snail comedy "Turbo,"  set for release in July.
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ENTERTAINMENT
July 30, 2012 | By David Ng
Inner-City Arts, the nonprofit arts education organization in the Skid Row area of downtown Los Angeles, is receiving a donation of $250,000 from DreamWorks Animation, the organizations said Monday.  The grant covers a five-year period and will go to support the DreamWorks Animation Academy at Inner-City Arts. In 2008, the movie company made a $500,000 donation to help establish the academy, which offers classes in digital arts, animation, graphic design and filmmaking. Inner-City Arts provides free arts education to disadvantaged youth from the downtown area and other parts of L.A. The organization also offers classes in the performing and visual arts.  Future plans include student internships at DreamWorks Animation.
BUSINESS
July 15, 2013 | By Richard Verrier
She's an American icon with her own star on the Hollywood Walk of Fame. But it has been four decades since she had her own prime-time TV show, on which her courage, loyalty and knack for saving the day endeared her to millions of baby boomers. Can Lassie really come home again? A Hollywood studio is hoping so. DreamWorks Animation, creator of the "Shrek" and "Kung Fu Panda" movies, plans to put the charismatic collie back in the public eye, along with Mr. Peabody and Sherman, Rocky and Bullwinkle, and other decades-old characters.
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
June 19, 2013 | By Richard Verrier
With the freshly-announced deals to produce animated television shows for Netflix and Germany's leading children's TV channel, DreamWorks Animation is well on the way to reinventing itself as a multifaceted media company. That's the message Chief Executive Jeffrey Katzenberg is imparting to Wall Street in the wake of the company's television deals with Netflix and Super RTL . "We're now on a path to becoming the biggest producer and distributor of high quality TV programming on a global basis," Katzenberg said in a conference call with analysts Tuesday.  "DreamWorks is increasingly shifting from an animated film company into a multifaceted entertainment company.
ENTERTAINMENT
July 31, 2013 | By Richard Verrier
With the help of some cavemen, DreamWorks Animation delivered stronger than anticipated profits in the second quarter. The Glendale-based company reported net income of $22.2 million, or $0.26 a share, on revenues of $213.4 million during the quarter ended June 30. That's well above the net income of $12.8 million, or $0.15 per share, and revenue of $162.8 million, during the same period a year ago. The results easily exceeded the 20...
ENTERTAINMENT
February 12, 2013 | By Dawn C. Chmielewski
DreamWorks Animation will create the first Netflix original series for kids -- a show based on next summer's animated film "Turbo. " The new series, "Turbo: F.A.S.T. " -- short for "Fast Action Stunt Team" -- is to debut in December in the United States and the 39 other countries where Netflix offers its online subscription service. The program will continue the animated exploits of the movie's snail hero, Turbo, who in the film pursues the improbable dream of competing in the Indianapolis 500. "Netflix boasts one of the largest and fastest-growing audiences in kids' television,"  DreamWorks Animation Chief Executive Jeffrey Katzenberg said in a statement.
BUSINESS
February 6, 2013 | By Richard Verrier, Los Angeles Times
DreamWorks Animation SKG Inc., the Glendale-based entertainment company led by Hollywood film veteran Jeffrey Katzenberg, is expected to lay off up to 20% of its 2,200-employee workforce, following a decision to shelve production of the movie "Me and My Shadow. " The animation industry giant, home of the animated "Shrek," "Kung Fu Panda" and "Madagascar" films, also said it was changing the release date for its movie "Mr. Peabody & Sherman" from Nov. 1 to March 7, 2014, at the recommendation of its new distributor, 20th Century Fox. As a result of the decision, "Me and My Shadow," which had been scheduled for release in March 2014, will suspend production and go back into development.
ENTERTAINMENT
July 22, 2013 | By Ryan Faughnder
Shares of DreamWorks Animation fell more than 7% Monday after analysts said the company could face a write-down after animated film "Turbo" had a disappointing opening weekend at the box office.  "Turbo," which features the voice of Ryan Reynolds as a snail with dreams of winning the Indy 500, had a sluggish debut, bringing in $21.5 million over its first weekend in release .   Piper Jaffray analyst James Marsh, who has a "neutral" rating...
ENTERTAINMENT
August 1, 2013 | By Joe Flint
After the coffee. Before figuring out a vacation. The Skinny: Another day inside the Beverly Hilton at the TV press tour. There are worse fates in life. Thursday's headlines include lots of earnings results (DreamWorks Animation, CBS, Sony) and some big cast changes coming to NBC's "Parks & Recreation. " Daily Dose: During NBC's press tour, Jennifer Salke, the network's entertainment president, said networks can't afford to be patient anymore with TV shows that are not successes right out of the box. Good thing cable doesn't feel that way. The latest season of "Breaking Bad," which premieres later this month, has more than doubled its audience since its 2008 premiere and lowered its median age from 45.7 to 40.5, according to Brad Adgate, a research executive at Horizon Media.
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