June 29, 2025 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Dreamworks reports increase in net income

DreamWorks Animation SKG Inc. on Wednesday reported net income of $11.9 million or 14 cents per diluted share for its third quarter ended Sept. 30, compared to $10.1 million or 12 cents per share in the year-ago period.

“The third quarter of 2014 was strong for DreamWorks Animation, with both quarterly revenue and earnings per share up 17 percent in a year-over-year comparison,” said CEO Jeffrey Katzenberg.

“Driving the company’s third quarter results is the blockbuster performance of ‘How to Train Your Dragon 2,’ which has reached over $615 million at the worldwide box office to become the highest-grossing animated film of the year,” he said.

The feature film segment contributed revenue of $142.4 million and segment gross profit of $64.3 million, while library titles accounted for $50.2 million in revenue.

The company’s fourth quarter results are expected to be driven primarily by its feature film segment, including results from the theatrical release of “Penguins of Madagascar” and the home entertainment release of “How to Train Your Dragon 2.”

The company has theatrically released a total of 29 animated features, including the franchise properties of “Shrek,” “Madagascar,” “Kung Fu Panda,” “Puss In Boots” and “The Croods.”

Related Posts

Iranian Pastor in West L.A. Speaks as Church Rocked by Immigration Raids 

June 28, 2025

June 28, 2025

Five Detained as Fear Spreads Through Persian Christian Faith Community  Fear has spread through a West Los Angeles congregation after...

Overdose Deaths Drop 22% in Los Angeles County, Marking Largest Decline on Record

June 28, 2025

June 28, 2025

Fentanyl Fatalities Fell 37% as County Ramps up Funding for Prevention, Treatment Drug overdose deaths in Los Angeles County declined...

Cinespia Brings Fireworks and Fan Favorites to Hollywood Forever This July

June 27, 2025

June 27, 2025

Watch Top Gun, La La Land, and More Under the Stars at Hollywood Forever Cinespia, Los Angeles’ iconic outdoor movie...

California Doubles Down on Hollywood: $750M in Tax Credits Approved for Film and TV Industry

June 27, 2025

June 27, 2025

State Lawmakers Back Major Expansion of Production Incentives, Raising Job Projections Los Angeles’ film and television industry is poised to...

Pedestrian Killed on 405 Freeway to State Route 90 Connector in Culver City 

June 27, 2025

June 27, 2025

Fatal Crash on Culver City Adds to Growing Safety Concerns Early Friday, a pedestrian died after being struck by a...

EEEEEATSCON Los Angeles Returns with Star Chefs, Firefighter Tribute, and Wildfire Relief Efforts

June 27, 2025

June 27, 2025

Culinary Festival Features Exclusive Restaurant Collabs, Support for Small Businesses  EEEEEATSCON Los Angeles, the celebrated food festival curated by The...

Supporters to Gather This Weekend for Longtime Culver City Paleta Seller Held in Detention

June 27, 2025

June 27, 2025

Family and Neighbors Will Gather Sunday to Sell Paletas and Raise Funds Supporters will gather this Sunday at Veterans Park...

Suspect Charged by Los Angeles DA with Shooting of Santa Monica Cop and Teens

June 27, 2025

June 27, 2025

Faces Attempted Murder Charges and Over 100 Years to Life in Prison if Convicted. Criminal charges have been filed against...

Captain America Hits the Skirball Big Screen for Heroic Outdoor Movie Night

June 27, 2025

June 27, 2025

Museum-Goers Can Also Catch a Superhero-Themed Drawing Session The Skirball Cultural Center will host an outdoor screening of Captain America:...

Demolition Underway at Beverly Grove Squatter Site After Mystery Fire Renews Safety Fears

June 27, 2025

June 27, 2025

Crews Begin Tearing Down Long-Vacant Apartments on First and Flores  Demolition has begun at a group of long-abandoned apartment buildings...

(Video) Welcome to the Urban Jungle — where nature meets the city and style meets soul

June 26, 2025

June 26, 2025

Whether you’re chasing that gritty city energy or carving out a green oasis in your space, we’re here to help...

Man Arrested in Shooting That Disrupted Vigil for Slain Teen at Culver City High, Police Say

June 26, 2025

June 26, 2025

Gunfire Erupted During Memorial Attended by Hundreds at Culver City High School The Culver City police department announced that a...

Santa Monica Police Arrest Shooting Suspect After Officer Ambushed Near Downtown Mall

June 26, 2025

June 26, 2025

Man Linked to Waymo Vehicle Gunfire Taken Into Custody Following Tense Manhunt The suspect wanted in connection with a shooting...

Michelin Stars Shine Bright on LA: Somni West Hollywood and Providence Earn Top Honors

June 26, 2025

June 26, 2025

Two Restaurants in Los Angeles Receive Three Stars as Michelin Guide Celebrates Bold Flavors The MICHELIN Guide California 2025 celebrated...

Cherished Culver City Ice Cream Vendor Abducted in Broad Daylight

June 26, 2025

June 26, 2025

Ambrocio “Enrique” Lozano’s Disappearance Led To Grassroots Action Ambrocio Lozano, also known in the neighborhood as Enrique, was abducted around...