DreamWorks Animation Q3 Profit Up More Than $20 Million26 Oct, 2010 By: Chris Tribbey
Shrek Forever After helped boost third-quarter profit for DreamWorks Animation, which reported revenue of $188.9 million and a profit of $39.8 million, compared with $135.4 million and $19.6 million, respectively, during the same quarter of 2009.
“Our strong third quarter was driven primarily by the international box office success of Shrek Forever After, which has become DreamWorks Animation’s highest-grossing international release of all time,” said company CEO Jeffrey Katzenberg. “2010 has already been a historic year for the company, and we are still looking forward to the theatrical release of Megamind on Nov. 5, as well as home entertainment results from both How to Train Your Dragon and Shrek Forever After yet to come this year.”
Released May 21, Shrek Forever After was responsible for a whopping $120.4 million in revenue for the quarter. It has earned $238 million at the domestic box office and $497 million internationally.
The March theatrical release of How to Train Your Dragon contributed $800,000 for the quarter ($493 million worldwide overall). It was released on DVD and Blu-ray Disc Oct. 15.
The 2009 Monsters vs. Aliens release contributed $11 million in international pay-TV and home entertainment revenue for the quarter. By the end of the third quarter, the title sold more than 8.4 million units.
The 2008 releases Madagascar: Escape 2 Africa and Kung Fu Panda contributed $2.6 million and $9.8 million of revenue, respectively. Library titles contributed $44.3 million.
The company's fourth-quarter results will be driven by the theatrical release of Megamind and by the home entertainment performances of How To Train Your Dragon and Shrek Forever After. The latter will be released on disc Dec. 7.