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The Los Angeles Times | August 2, 2011
DreamWorks Animation has ruled out working with Paramount Pictures after next year. The independent studio behind the "Shrek" and "Kung Fu Panda" movies officially informed Paramount Pictures that it was rejecting an offer to continue their distribution agreement on the same financial terms for one additional year, confirmed a person familiar with the matter who was not authorized to speak publicly.  COMPANY TOWN
NEWS
February 20, 2012
DreamWorks Animation on Friday announced plans to build a studio in Shanghai, in what the Glendale-based company billed as a landmark agreement with two state-owned Chinese media companies. The creator of the "Shrek" movies said it was forming Oriental DreamWorks, a joint venture with China Media Capital and Shanghai Media Group in concert with Shanghai Alliance Investment -- an investment arm of the Shanghai municipal government -- to establish a family entertainment company in China.
NEWS
April 19, 2013
DreamWorks Animation is moving ahead with a sequel to its prehistoric family comedy "The Croods," according to a spokeswoman at the Glendale studio. Writers-directors Kirk DeMicco and Chris Sanders will return for the second installment, which does not yet have a release date. "The Croods," which featured the voices of Nicolas Cage and Emma Stone as a cave-dwelling father and daughter navigating familial and tectonic shifts, garnered modest praise from critics, but received a Cinemascore of A from audiences and went on to gross a strong $142 million domestically after its release March 22. Continue reading > > -- Rebecca Keegan, Los Angeles Times
NEWS
January 15, 2014
A year ago, DreamWorks Animation Chief Executive Jeffrey Katzenberg trekked to the Bay Area headquarters of YouTube to pitch an idea to his counterpart, Salar Kamangar. "I said to them, I love the things they are doing with YouTube in terms of building out the platform and encouraging user generated content," Katzenberg said. "But as a user, I felt the one thing that was very challenging is ... there's hundreds of hours of programming being uploaded every minute. It's inconsumable and unnavigable and, as a user, it was getting harder and harder for me to know what I should be watching.
NEWS
October 25, 2012
DreamWorks Animation SKG Inc. , the Glendale studio behind the " Shrek " and “Madagascar” movies, announced that Chairman Roger Enrico resigned from the board. Current board member Mellody Hobson will succeed Enrico, according to a statement from the animation studio, which did not disclose reasons for Enrico's resignation. Enrico, 67, has served as DreamWorks Animation's chairman since 2004. He is a former chief executive of PepsiCo Inc. , where he spent 31 years.
THE818NOW
By The Los Angeles Times | July 25, 2011
News that DreamWorks Animation is cutting short its output deal with HBO in order to work with Netflix sent the "Shrek" producer's stock to its highest point in more than a month. DreamWorks Animation's current agreement with pay-TV channel HBO was to run until 2014. Under the terms of the deal, DreamWorks Animation movies go exclusively to HBO during the "pay cable window," which typically starts about six months after theatrical debut. However, DreamWorks Animation has gone to HBO and obtained an exit from the contract so it can instead make its movies available on Netflix's Internet streaming service during that window, a person familiar with the matter confirmed.
NEWS
July 31, 2012
DreamWorks Animation, the Glendale studio behind the " Shrek " and " Madagascar " movies, reported lower-than-expected financial results for the second quarter. For the quarter ended June 30, the company reported net income of $12.8 milion, or 15 cents per share, down 62% from a year earlier. Revenue for the quarter also fell sharply, declining 25% to $162.8 million. Analysts had forecast net income of 25 cents per share. Continue reading > > -- Richard Verrier  
NEWS
May 1, 2013
In a deal that underscores the growing importance of digital platforms for reaching young audiences, DreamWorks Animation said it is acquiring the YouTube teen network AwesomenessTV for $33 million in cash. Under terms of the agreement, DreamWorks will pay the up-front cash consideration and there are incentives that could ultimately make the acquisition ultimately worth as much as $117 million, if AwesomenessTV achieves certain performance goals over the next two years. "AwesomenessTV is one of the fastest growing content channels on the Internet today and our acquisition of this groundbreaking venture will bring incredible momentum to our digital strategy," DreamWorks Animation Chief Executive Jeffrey Katzenberg said in a statement.
NEWS
April 30, 2013
DreamWorks Animation posted a nearly 40% drop in profit in the first quarter while revenue remained virtually flat. For the three months ended March 31, the Glendale studio posted net income of $5.6 million, or 7 cents a share, on revenue of $135 million. That compared with net income of $9.1 million, or 11 cents a share, and revenue of $136.1 million during the same period a year earlier, the company said in a statement. Still, despite the decline in profits the company's results exceeded what industry analysts had projected.
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NEWS
January 15, 2014
A year ago, DreamWorks Animation Chief Executive Jeffrey Katzenberg trekked to the Bay Area headquarters of YouTube to pitch an idea to his counterpart, Salar Kamangar. "I said to them, I love the things they are doing with YouTube in terms of building out the platform and encouraging user generated content," Katzenberg said. "But as a user, I felt the one thing that was very challenging is ... there's hundreds of hours of programming being uploaded every minute. It's inconsumable and unnavigable and, as a user, it was getting harder and harder for me to know what I should be watching.
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NEWS
By Brittany Levine, brittany.levine@latimes.com | December 19, 2013
According to a glendalenewspress.com poll , 62% of 406 respondents as of Wednesday afternoon believe DreamWorks Animation should help Glendale pay for the $61,000 in security the city provided during President Barack Obama's visit to the studio in November. POLL: Should DreamWorks Animation help Glendale pay for President Obama's visit?   Last week, Councilman Zareh Sinanyan questioned why the city had to foot the bill alone when the president visited only with DreamWorks employees, entertainment industry executives and politicians, and not residents of Glendale.
NEWS
December 17, 2013
Good morning, 818 locals. Temperatures are slated to dip mid-week in the Los Angeles area, starting today , Tuesday, Dec. 17. Check out the latest headlines from the area: President Obama's visit to DreamWorks Animation in November has left Glendale city officials with a $61,000 tab . Take the Glendale News-Press poll and see how the front page of the Internet, Reddit, and its users, have responded . California's Mega...
NEWS
By Brittany Levine, brittany.levine@latimes.com | December 14, 2013
President Barack Obama 's visit to DreamWorks Animation last month cost the city about $61,000 and at least one City Council member thinks that Glendale shouldn't be the only one footing the bill for the increased security. When Obama came on Nov. 26, he met DreamWorks executives and employees, giving an afternoon speech about the importance of the film industry to the American economy and international diplomacy, as well as visiting with stars of an upcoming DreamWorks movie, including Steve Martin.
NEWS
November 27, 2013
A 19-year-old Los Angeles man was robbed of his wallet and cellphone early Monday as he waited at a bus stop near the Glendale Galleria, police said. The man was sitting alone about 2:30 a.m. at the bus stop on Brand Boulevard, just south of Colorado Street, when he saw another man cross the street and walk toward him, according to Glendale police spokeswoman Tahnee Lightfoot. The man told him “Give me everything you have,” she said. Fearing for his life, the victim handed the man his cellphone and wallet, which contained cash and credit cards, police said.
NEWS
November 27, 2013
Prosecutors have filed charges this week against a 50-year-old man who allegedly exposed his genitals while seated in his parked car in an east Glendale neighborhood. Ferdinand Soriano faces three misdemeanor counts of indecent exposure, engaging in a lewd act in public and being under the influence of amphetamines, according to a Los Angeles County Superior Court complaint. Soriano, a Glendale resident, was spotted about 10:20 p.m. last Wednesday after a female Glendale police officer was patrolling the area of San Camino Rafael and Emerald Isle Drive and saw his white Mercedes parked at a curb, according to Glendale police spokeswoman Tahnee Lightfoot.
NEWS
November 26, 2013
After touring DreamWorks Animation and meeting film industry representatives, President Obama told a crowd of about 2,000 people at the company's expansive Glendale campus on Tuesday that the entertainment industry has been a bright spot during a protracted financial crisis. “This is one of America's economic engines,” Obama said, adding that U.S. officials should strive to keep it that way by giving the industry a competitive edge. PHOTOS: President Obama visits DreamWorks Animation in Glendale According to the Bureau of Labor Statistics, the motion picture, sound recording and broadcasting industries added 4,100 jobs in October, or a 0.6% increase.
NEWS
November 26, 2013
A 31-year-old Santa Monica man was arrested Friday after he allegedly punched and threatened to kill a businessman who asked him to stop panhandling and move along. Lucas Bennett was asking for money while seated in a wheelchair in the 200 block of South Central Avenue, when a downtown businessman asked him to leave the area, according to Glendale police spokeswoman Tahnee Lightfoot. Bennett reportedly refused and stood up from his wheelchair, she said. He punched the businessman on his chest and chased him in an attempt to hit him again, Lightfoot added.
NEWS
By Veronica Rocha, veronica.rocha@latimes.com | November 26, 2013
A Glendale man was arrested Saturday after he allegedly brandished a large steak knife at a store employee after refusing to pay for merchandise. Carlos Portillo, 24, was taken into custody about 5:10 p.m. at Salem and Concord streets on suspicion of brandishing a knife, carrying a concealed weapon and being drunk in public, according to Glendale police spokeswoman Tahnee Lightfoot. Portillo reportedly visited the neighborhood store to purchase alcohol, but the employee refused to sell it to him because he appeared to be intoxicated.
NEWS
November 22, 2013
President Obama will visit the Glendale campus of DreamWorks Animation SKG next week during a trip to Los Angeles, according to the Los Angeles Times . Obama will tour the site and make a speech to the company's employees, the White House confirmed Thursday.   “On Tuesday, Nov. 26, the president will visit DreamWorks Animation facility in Glendale, California, to deliver remarks on the economy," White House spokesman Josh Earnest said. "The American motion picture and television industry is a growing industry and continues to create thousands of jobs all across the country.
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