Movies
DreamWorks has reported a loss in the second quarter but is looking ahead to the release of Wallace and Gromit: Curse of the Were-Rabbit on October 7.
The company posted a net loss of $3.7m, although the loss was better than expected after strong sales for Madagascar.
"Results for the quarter are slightly ahead of where we said they would be on our July 11 conference call driven by the strength of Madagascar consumer products as well as our library," said Jeffrey Katzenberg, CEO at DreamWorks. "To date, Madagascar has performed very well achieving more than $432 million in worldwide box office, reaching over $242 million internationally."
Of the new Wallace and Gromit film, Katzenberg added: "These characters have a strong fan base overseas and the film allows us to deliver a unique and inventive form of animation to audiences this fall. While it is certainly different from a CG animated film, we think it is sure to be a special movie-going experience for the entire family."
The company posted a net loss of $3.7m, although the loss was better than expected after strong sales for Madagascar.
"Results for the quarter are slightly ahead of where we said they would be on our July 11 conference call driven by the strength of Madagascar consumer products as well as our library," said Jeffrey Katzenberg, CEO at DreamWorks. "To date, Madagascar has performed very well achieving more than $432 million in worldwide box office, reaching over $242 million internationally."
Of the new Wallace and Gromit film, Katzenberg added: "These characters have a strong fan base overseas and the film allows us to deliver a unique and inventive form of animation to audiences this fall. While it is certainly different from a CG animated film, we think it is sure to be a special movie-going experience for the entire family."
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