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Dreamworks Animation

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.
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.
December 9, 2012 | By Richard Verier
DreamWorks Animation -- the Glendale studio that created the "Shrek" "Kung Fu Panda" and "Madagascar" movies -- on Sunday named former  J.C. Penney President Michael Francis to the newly created position of chief global brand officer. Calling it one of his most important executive appointments, DreamWorks Animation Chief Executive Jeffrey Katzenberg said in an interview that Francis will play a pivotal role in helping the studio find new ways to build its branded characters around the world and across multiple outlets, including television, video games, books and theme parks.
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...
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...
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.
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.
June 7, 2013 | By Richard Verrier
Even as DreamWorks Animation Chief Executive Jeffrey Katzenberg was in China this week crowing about the box office success of "The Croods",  Chinese theater owners were ordered by regulators to end the movie's theatrical run two weeks earlier than anticipated. The move was widely interpreted as a way to make room for local animation films, underscoring how even the Hollywood studios that are the most successful in China can be subject to the unpredictable decisions of government authorities eager to expand their own film industry.
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.
August 21, 2012 | By Joe Flint
After the coffee. Before finding out why I haven't been asked to join Augusta yet. The Skinny: My cats want to become outdoor cats. I made the mistake of letting them wander around while I get my newspaper and now they are convinced there is a whole other world to explore. Don't they know that's the bad world? Tuesday's headlines include a new deal for DreamWorks Animation, NBC lands Michael J. Fox and appreciations of Tony Scott and Phyllis Diller. Daily Dose: There is a lot movement on the public relations front.
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