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28 February 2007
DreamWorks Animation's Profits Flushed Away
For DreamWorks Animation, last year's Flushed Away unfortunately lived up to its title, draining away millions of dollars from the company's coffers. The film, a joint production with British animators Aardman Studios, reportedly cost more than $140 million to produce and wound up grossing only $64 million domestically. As a result DreamWorks Animation wrote down $109 million on the film for the fourth quarter and reported a $21.3-million loss. That compared with a $63.2-million profit during the comparable quarter a year ago.
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