DreamWorks Animation reported first quarter revenue of $108 million, down from $162 million for the same three-month period a year ago, while profits fell to $8.8 million, from $21.7 million, for the period, which ended March 31. "DreamWorks Animation's first quarter of 2011 was driven primarily by our 2010 films, including 'Megamind,' which had a solid performance following its February 25th release into the home entertainment market," said Jeffrey Katzenberg, CEO of DreamWorks Animation. "We now look forward to kick-starting the summer movie-going season with 'Kung Fu Panda 2' on May 26th, as family entertainment -- and CG animation in particular -- has performed at the top of the box office charts so far this year."
Contact Marc Graser at marc.graser@variety.com
Source: http://www.variety.com/article/VR1118035909?categoryid=4076&cs=1&cmpid=RSS%7CNews%7CLatestNews
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