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Studio Briefing

31 October 2007

DreamWorks Seeing Green Over Shrek

Shrek proved to be particularly green for DreamWorks Animation whose revenue tripled its third quarter to $160 million, with about 57 percent of that figure attributed to Shrek the Third. Net income rose to $47 million from $10.5 million during the comparable quarter a year ago. The earnings announcement comes just days prior to the Friday's release in about 3,900 theaters on about 7,000 screens of the Jerry Seinfeld animated feature Bee Movie, which is expected to become the top film of the season. Paramount Home Video is also set to release the DVD version of the film on November 13. The company said that it also plans to release a superhero spoof, Master Mind, produced with Ben Stiller's Red Hour Films, in the fall of 2010.

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