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Home Studios DreamWorks

Dreamworks Animation Reports Quarterly Loss of $263 Million

AJ Howell by AJ Howell
February 26, 2015
in DreamWorks, The Latest Animation News
2 min read
18
DreamWorks Releases Anime-style Cartoon, ‘Dueling Kapowskis’

dreamworks

DreamWorks Animation has been having as rough a last couple years as a studio can have. Things have been coming to a head this past month though with DreamWorks selling and leasing back its animation studio and the laying off of 500 workers. Finally, though, we have an overall view of how dire the situation is for DreamWorks Animation: earlier this week, The New York Times reported that Jeffrey Katzenberg, CEO, has announced a $263 million loss over the last quarter.

DreamWorks Animation has been suffering from more than its share of flops lately, with Turbo, Rise Of The Guardians, Mr. Peabody & Sherman, and The Penguins Of Madagascar all losing money at the box office. Katzenberg has been expressing a lot of faith that the studio’s work in television animation and their YouTube channel AwesomenessTV, along with merchandise sales, will keep the company afloat.  However, Wall Street analysts have been pointing out that such side projects need successful films to feed off of in order to make a profit.

All of this means that DreamWorks Animation’s latest film, Home, has a lot riding on its shoulders. It’s the only animated film DreamWorks is releasing in 2015. Judging by statements that Katzenberg has made to the press, he’s hoping that Home will usher in a “reset” for DreamWorks Animation. It sounds like these hopes may be true, since Katzenberg has said that he’s going to take on a “much, much more active, participating role” in the production of DreamWorks’ upcoming animated films.

Increased involvement from Katzenberg can only be good for DreamWorks Animation. After all, Katzenberg was one of the executives (along with Michael Eisner, Roy E. Disney, Frank Wells, and others) who brought Disney Animation into the Renaissance. If Katzenberg can work the same magic he helped to work at Disney, there’s a very good chance that DreamWorks Animation can turn its fortunes around.

What do you think?  What can DreamWorks Animation do to get itself back on its feet? 

Edited by: Kelly Conley

Tags: dreamworks animationjeffrey katzenberg
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Listen to Two New Songs from the DreamWorks ‘Home’ Soundtrack

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AJ Howell

AJ Howell

AJ's love of movies began when his mom took him to see The Lion King on a warm California day in 1994. He left the theater with his mind blown and with a strong desire to become a filmmaker. AJ's fascinated with films of all kinds, but animated films have always held a special place in his heart, particularly Disney animation, the work of Chuck Jones, and Bill Melendez and Lee Mendelson's Peanuts specials. His favorite animated films include (but aren't limited to) Frozen, Beauty And The Beast, Surf's Up, The Bugs Bunny/RoadRunner Movie, and Toy Story 3. Along with films, AJ also loves pop and rock music, hiking, the beach, comic books, traveling, writing, acting, and baseball.

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Entertainment One Picks Up U.S. Rights to ‘Ooops! Noah is Gone’

Entertainment One Picks Up U.S. Rights to 'Ooops! Noah is Gone'

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