DreamWorks Animation SKG Inc. has been the corporate equivalent of a basket case over the last few years, as successive flops forced huge write-downs, 500 layoffs and the closure of its Redwood City campus. Surprise, surprise, investors weren’t pleased. They drove the stock down by a third last year – only to drive it back up more than 20 percent this year, with shares hitting a 52-week high of $29.75 earlier this month. The immediate reason? The strong performance of “Home,” the studio’s only release this year, which has brought in $367 million worldwide and outperformed analyst expectations. But for a studio that has cut back film production to just two releases annually, it’s the small and even smaller screens that are sustaining investor interest. The studio has put efforts toward releasing content for cable channel Nickelodeon, Internet streaming service Netflix Inc. and on its newly acquired YouTube channel AwesomenessTV. “They are providing a good platform for the company and the visibility is much more certain compared to feature films,” said Tuna Amobi, an equity analyst at S&P Capital IQ in New York. Read the entire story in the June 29 edition of the San Fernando Valley Business Journal.