And with three 3D features queued up, Jeffrey Katzenberg predicts 2010 will be the company’s biggest year
On the cusp of releasing three 3D animated features this year, DreamWorks Animation CEO Jeffrey Katzenberg thinks 2010 could be his company’s best year ever.
Not that 2009 was bad either.
Reporting its fourth-quarter income for the fiscal year ending December 31, 2009, DreamWorks reported full-year revenue of $725.2 million and a profit of $151 million – up 12 percent and 10 percent respectively – driven by films including “Monsters vs. Aliens.” The company beat fourth quarter revenue forecast with $194.2 million.
Better-than-expected fourth-quarter numbers, meanwhile, were helped by the $50.4 million in revenue created by NBC holiday specials “Monsters vs. Aliens: Mutant Pumpkins From Outer Space” and “Merry Madagascar.”
“We have been building toward 2010 for several years and are looking ahead with excitement to accomplishing what no other studio in history has ever done by releasing three computer-generated animated films in a single year — all in 3D: ‘How to Train Your Dragon,’ ‘Shrek Forever After’ and ‘Megamind,’” added Katzenberg.