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Wednesday, Mar 27, 2024

“Shrek” Still Strong for DreamWorks Animation

Strong international box office for “Shrek Forever After,” contributed to DreamWorks Animation SKIG Inc. doubling its net income for the third quarter when compared to a year ago. The Glendale-based animation studio reported net income of $39.8 million, or $0.47 per diluted share, on revenues of $188.9 million for the quarter ending Sept. 30. In the same period from 2009, the company reported net income of $19.6 million, or $0.23 per diluted share, on revenues of $135.4 million. The fourth film in the “Shrek” franchise contributed $120.4 million in revenue, primarily from overseas box office receipts. To date the film, released in May, has a total box office take of $735 million. The studio anticipates the home entertainment release of “Shrek Forever After” and “How To Train Your Dragon” will drive fourth quarter revenues. Mark R. Madler

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