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Home Studios DreamWorks

DreamWorks Reconstruction Results in Quarterly Losses

Alissa Roy by Alissa Roy
August 7, 2015
in DreamWorks, The Latest Animation News
1 min read
0
DreamWorks Releases Anime-style Cartoon, ‘Dueling Kapowskis’

dreamworks

While DreamWorks Animation’s latest film, Home, raised the company’s quarterly revenues, the continued reconstruction at the studio resulted in a net loss for the period.

DreamWorks has struggled financially, causing it to lay off hundreds and sell its Glendale headquarters after the financial flop of several of its films. Home helped the company, making $386 million globally. This resulted in a nearly 40% increase in revenues on the film from last year when the company made a loss with Mr. Peabody and Sherman.

However, the studio made a net loss of $38.6 million, over double what the net loss was a year ago.

So in the end, once all costs and revenues are adjusted (and other confusing financial terms), the company only lost $1 million this past quarter. So, although the company is struggling, it is slowly cleaning itself up, financially speaking. “While there is still much work to be done, I’m really proud of what our team has accomplished this quarter,” said DreamWorks Animation CEO Jeffrey Katzenberg.

Do you think there is still hope for DreamWorks?

Edited by: Hannah Wilkes

Tags: dreamworks
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Alissa Roy

Alissa Roy

Alissa is a student at the Rochester Institute of Technology, studying Media Arts & Technology. Her hometown is in the Middle-of-Nowhere, NY, where winter is approximately 6 months of the year. She is extremely nerdy, and loves all things animated, literary, or Harry Potter related. Her older sister spawned her love of animation by dragging her downstairs at 2 a.m. every morning and making her watch various films until their parents took them back to bed. Some of her all-time favorite films include Mulan, The LEGO Movie, Up, Tangled, and The Lion King. She also collects old Peanuts comic strips, and spends her free time reading, writing for the Rotoscopers, and working a variety of jobs. You can follow Alissa on Instagram and Twitter: @ThisAlissa. See her work here.

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