DreamWorks Animation

By Cori Rosen

Photo Courtesy of collider.com [1]

1500 – A Seasport Blvd

Redwood City, CA

(650) 562-9000

www.dreamworksanimation.com

A BRIEF HISTORY

DreamWorks Studios was founded by Jeffrey Katzenberg, Steven Spielberg, and David Geffen in 1994. Katzenberg started DreamWorks SKG after he dashed from Disney following power struggles with Michael Eisner, former CEO of The Walt Disney Company. DreamWorks SKG built a new business division, DreamWorks Animation in 2000. Then in the autumn of 2004, Dreamworks Studios spun-off its animation division into DreamWorks Animation SKG, Inc., a publicly traded company. [2] [3]

ABOUT THE COMPANY

Dreamworks Animation is a boast-worthy creative company that churns out high-quality entertainment. Dreamworks Animation has theatrically released a whopping twenty-seven animated feature films, including blockbuster favorites Shrek, How to Train Your Dragon, and this summer’s Turbo. Although the entertainment factory is widely known for its feature CGI animated films, the company also creates television specials and series as well as live entertainment properties. [4]

[5]

KEY EXECUTIVES

Jeffrey Katzenberg, Chief Executive Officer and Director

Photo Courtesy of DreamWorks Animation [6]

After co-finding DreamWorks SKG, Katzenberg was at the helm of DreamWorks Animation when it became an IPO. Under his leadership, DreamWorks Animation has blossomed into the world’s largest animation studio in the world and received nine Academy Award nominations and two Best Animated Feature wins. [6]

Lew Coleman, President and Chief Financial Officer

Photo Courtesy of DreamWorksAnimation.com [7]

Previously President and Director of the Company, Coleman took on his current position in 2007. Coleman recently oversaw the formation of a joint venture that established a prominent China-focused entertainment company between DreamWorks Animation with China Media Capital, Shanghai Alliance Investment, Ltd., and Shanghai Media Group. [7]

Heather O’Connor, Chief Accounting Officer

Photo Courtesy of DreamWorksAnimation.com [8]

O’Connor previously served as Director of SEC Reporting for DreamWorks Animation and also worked within the Accounting and Financial Planning & Analysis departments at DreamWorks LLC. [8]

Andrew Chang, General Counsel and Corporate Secretary

Photo Courtesy of DreamWorksAnimation.com [9]

Prior to his current position, Chang held positions as head technology lawyer and head of litigation starting in October 2004 when the Company became publicly-traded. [9]

Ann Daly, Chief Operating Officer

Photo Courtesy of DreamWorksAnimation.com [10]

Daly has worked as Chief Operating Officer since the company’s IPO in 2004. Previously, she served as head of the animated division of DreamWorks SKG since 1997. [10]

QUICK FINANCIALS

DreamWorks Animation SKG, Inc.’s total revenue for its third quarter, which came to a close on Sept. 30th, was $154.5 million with a net income of $10.1 million, and earning per share a total of $.012 on a fully diluted basis. A contribution of $120.7 million and gross profit of $55.4 million derives from the feature film segment of the company’s revenue. The films TurboThe Croods, Rise of the Guardians, and Madagascar 3: Europe’s Most Wanted were released in the third quarter. Television series and segment specials contributed a revenue of $18.2 million and turned a gross profit of $4.2 million. AwesomenessTV, an online channel operator that Dreamworks recently acquired, contributed revenue of $3.6 million. The consumer products segment contributed $18.2 million in revenue and $4.2 million in gross profit. [11] [12]

Photo Courtesy of SeekingAlpha.com [13]

IN THE NEWS

netflix

Photo Courtesy of Zolmax.com [15]

 Netflix
Netflix announced a multi-year deal with Dreamworks for 300 hours of original television programming inspired by characters from the animation company’s franchises, such as ShrekThe Croods, and its upcoming feature flicks. Characters from Classic Media, which Dreamworks purchased a year ago, are also a part of this deal. Therefore, shows may develop that star familiar faces like Casper the Friendly Ghost, Lassie, and She-Ra. [14]

Photo Courtesy of Techcrunch.com [17]

•The Second Screen
M-Go, an online movie storefront, is a joint venture between DreamWorks Animation and Technicolor. Similar to Walmart’s Vudu and Apple’s iTunes, M-Go focuses on transactional movie sales and rentals. It already has deals with five major Hollywood studios, NBCUniversal, Paramount Pictures, Sony Pictures Home Entertainment, Twentieth Century Fox, and Warner Bros. Digital Distribution, to sell and rent movies to users. In effort to get M-Go on more devices, M-Go announced on September 4th that the M-Go app will be available on 2012 and 2013 LG Smart TVs.  [16]

Photo Courtesy of Dailymail.co.uk [19]

• The More Characters The Merrier
DreamWorks Animation recently acquired the library of Chapman Entertainment, a U.K.-based children’s television company. DreamWorks snagged its television portfolio, which includes popular titles like “Fifi and the Flowertots,” “Roary the Racing Car,” “Raa Raa the Noise Lion,” and “Little Charley Bear”. This acquisition directly follows DreamWorks Animation’s purchase of Classic Media in July 2012. [18]

Photo Courtesy of zap2it.com [21]

Dragons Dominates its Demographic
The second season of Dreamworks Dragons: Riders of Berk premiered on Cartoon Network on Sept. 19th. The first season of the cartoon, based on the Academy Award-nominated film How to Train Your Dragon, ranked number one in its timeslot among boys ages 2-14 versus all other TV networks. [20]

Photo Courtesy of cdn.funcheap.com [24]


Turbo
 Races for Profit
Turbo just released on home video November 12thTurbo underperformed at the box office, failing to rise to the success of last summer’s Madagascar 3. Rise of the Guardians also tanked in theaters, causing DreamWorks to take an $87 million write down. However, Rise of the Guardians later brought in $42.4 million through pay TV deals. Hopefully Turbo will see similiar results and reel in $46 million in consumer products necessary to make Turbo a lucrative endeavor. Wall Street analysts have commended DreamWorks ability to turn a mediocre box office performer into a hit on DVD, Blu-Ray, and Digital HD. [22] [23]

Photo Courtesy of Variety.com [26]

Everybody was Kung-Fu Fighting
Oriental DreamWorks–a co-venture between DreamWorks Animation (45% equity stake), China Media Capital, Shanhai Alliance Investment, and Shanghai Media Group (combined 55% equity stake between the three)–is in the process of developing four feature films. Kung Fu Panda 3 in addition to one other co-produced U.S.-Chinese animated flick and two-live action projects in Chinese are currently slated for development. [25]

COMING SOON

• Mr. Peabody & Sherman

 [28]

Mr. Peabody & Sherman, which features the voices of Ty Burrell and Max Charles, is set for release on March 7th, 2014. The Rob Minkoff directed film–coined as a big screen adaption of the Rocky & Bullwinkle cartoon–follows Mr. Peabody and his adopted boy Sherman as they hurtle back in time to repair history and ultimately save the future. [27]

Rocky & Bullwinkle

Photo Courtesy of http://media2.firstshowing.net [30]

• And They’re Back! DreamWorks Animation plans to give audiences a shot of nostalgia with a new short film Rocky & Bullwinkle, arriving in 2014. Directed by Gary Trousdale, the updated version of the original short will feature the voices of June Foray as Rocket “Rocky J. Squirrell and Tom Kenny (Spongebob Squarepants) as Bullwinkle J. Moose. [29]

Photo Courtesy of entertainmentwallpaper.com [32]

• How to Train Your Dragon 2
Riding on the success of 2010’s How to Train Your Dragona half-billion dollar player at the global box office and Oscar nominee–, DreamWorks Animation will release its sequel on June 13th, 2014. How to Train Your Dragon 2 reunites the voices of the first film, Jay Baruchel, Kristen Wiig, Gerald Butler, and Jonah Hill. [31]

SOURCES

[1] Collider.com – Dreamworks Animation Logo

[2] DreamWorksStudios.com – DreamWorks Animation History

[3] Forbes.com – DreamWorks Animation’s Complicated Legacy

[4] DreamWorksAnimation.com – About the Company

[5] Youtube.com – Behind the Scenes of DreamWorks Animation

[6] DreamWorksAnimation.com – Jeffrey Katzenberg’s Bio

[7] DreamWorksAnimation.com – Lew Coleman’s Bio 

[8] DreamWorksAnimation.com – Heather O’Connor’s Bio

[9] DreamWorksAnimation.com – Andrew Chang’s Bio

[10] DreamWorksAnimation.com – Ann Daly’s Bio

[11] MarketWatch.com – Third Quarter Financial Report

[12] Tbvision.com – TV Sales aid DreamWorks Animation Revenue

[13] SeekingAlpha.com – DreamWorks Animation Skg Inc StockCharts

[14] Zolmax.com – Netflix Deal with DreamWorks Animation 

[15] Zolmax.com – Netflix Photo

[16] TechCrunch.com – M-Go now on LG TVs

[17] TechCrunch.com – M-Go Photo

[18] Variety.com – Chapman Entertainment

[19] Dailymail.co.uk – Chapman Entertainment Photo

[20] BroadwayWorld.com – Cartoon Network

[21] Zap2it.com – DreamWorks Dragons Photo

[22] BizJournals.com – Turbo on Home Video 

[23] Reuters.com – Turbo failed to Match Predecessor

[24] Cdn.funcheap.com – Turbo Photo

[25] Variety.com – Oriental DreamWorks

[26] Variety.com – Oriental DreamWorks Photo

[27] Screenrant.com – Mr. Peabody & Sherman 

[28] Youtube.com – Mr. Peabody & Sherman Trailer

[29] Rocky & Bullwinkle Short – FirstShowing.net

[30] Firstshowing.net – Rocky & Bullwinkle Photo

[31] Deadline.com – How to Train Your Dragon 2 

[32] Entertainmentwallpaper.com – How to Train Your Dragon 2 Photo

 

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