28/02/2007
DREAMWORKS - DREAMWORKS ANIMATION'S PROFITS FLUSHED AWAY
Caption: Renee Zellweger with Lorella Flanagan and Huckleberry Flanagan. New York premiere of the Dreamworks animation 'Bee Movie' at Lincoln Square 13. New York City, USA
For DreamWorks Animation, last year's Flushed Away unfortunately lived up to its title, draining away millions of dollars from the company's coffers. The film, a joint production with British animators Aardman Studios, reportedly cost more than $140 million to produce and wound up grossing only $64 million domestically. As a result DreamWorks Animation wrote down $109 million on the film for the fourth quarter and reported a $21.3-million loss. That compared with a $63.2-million profit during the comparable quarter a year ago.
28/02/2007
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