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DreamWorks keeps more tabs on TV growth

As DreamWorks continues to beef up its TV offerings, most notably through the recent acquisition of UK-based Chapman Entertainment's library last month, television series and specials will now be included as a segment within the company's financial reports.
October 30, 2013

Strength at the box office has propelled higher earnings for DreamWorks Animation, which saw revenues of US$154.5 million and net income of US$10.1 million during its third quarter.

The company’s CEO Jeffrey Katzenberg cited the feature film segment, which contributed revenue of US$120.7 million and gross profit of $55.4 million to the third quarter, as the single largest driver of DreamWorks’ positive third quarter earnings thanks to films Rise of the Guardians, Madagascar 3: Europe’s Most Wanted and Puss In Boots.

As DreamWorks continues to beef up its TV offerings, most notably through the recent acquisition of UK-based Chapman Entertainment’s library last month,  television series and specials will now be included as a segment within the company’s financial reports. The television series and specials segment contributed revenue of US$18.2 million and gross profit of US$4.2 million to the third quarter, primarily from Classic Media content and DreamWorks Dragons: Riders of Berk on Cartoon Network.

The segment consisting of all other items contributed revenue of US$3.6 million to the third quarter, primarily from YouTube network AwesomenessTV, which DreamWorks purchased earlier this year for US$33 million.

The home entertainment releases of both The Croods on October 1 and Turbo on November 12 both occur in the fourth quarter, and the company’s fourth quarter results are expected to be driven primarily by its feature film segment as well as the distribution of holiday-themed content within its television series & specials segment.

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