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DreamWorks Animation

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DreamWorks Animation SKG, Inc.
Company typePublic company
Nasdaq: DWA
IndustryAnimated films
PredecessorAmblimation
FoundedOctober 12, 1994 (1994-10-12)
FounderSteven Spielberg
Jeffrey Katzenberg
David Geffen
Headquarters
Glendale, California
,
United States
Number of locations
Redwood City, California, United States
Key people
Jeffrey Katzenberg, CEO
Mellody Hobson, Chairman
Lewis Coleman, President, CFO
Ann Daly, COO[1]
ProductsTheatrical animated feature films
Television animated series
Revenue$706 million (2011)[2]
$110 million (2011)[2]
Total assets$1.779 billion (2011)[2]
Total equity$1.357 billion (2011)[2]
OwnerDreamWorks SKG (1994–2004)
Independent (2004–present)
Number of employees
2100 (2011)[2]
SubsidiariesPacific Data Images
DreamWorks Animation Television
DreamWorks Classics
DreamWorks Animation Home Entertainment
DreamWorks Animation Live Theatrical Productions[3]
MoonBoy Animation
Websitewww.dreamworksanimation.com

DreamWorks Animation SKG, Inc. (Nasdaq: DWA) is an American animation studio based in Glendale, California that creates animated feature films, television program and online virtual worlds. They have released a total of 24 animated feature films, including the franchises of Shrek, Madagascar, Kung Fu Panda, and How to Train Your Dragon. As of October 2012, its feature films have made over $10 billion worldwide,[4] with its $430 million average gross by far the highest of any studio in the industry.[5] Four of DreamWorks Animation's films—Shrek 2, Shrek the Third, Shrek Forever After, and Madagascar 3: Europe's Most Wanted—are among the 50 highest-grossing films of all time, and 15 out of the 24 films are among the 50 highest-grossing animated films, with Shrek 2 being the fourth all-time highest.

Even though the studio also made traditionally animated films about serious subjects earlier, such as The Prince of Egypt, Joseph: King of Dreams, The Road to El Dorado, Spirit: Stallion of the Cimarron, and Sinbad: Legend of the Seven Seas, most of their computer-generated films and television series have now gained the studio a reputation for being focused on humor and satire although their most successful recent franchises have it balanced with more dramatic narratives.

The studio was formed by the merger of the feature animation division of DreamWorks and Pacific Data Images (PDI). Originally formed under the banner of DreamWorks in 1997 by some of Amblin Entertainment's former animation branch Amblimation alumni, it was spun off into a separate public company in 2004. DreamWorks Animation currently maintains two campuses: the original DreamWorks feature animation studio in Glendale, California and the PDI studio in Redwood City, California.

Films produced by DreamWorks Animation are currently distributed worldwide by Paramount Pictures, a subsidiary of Viacom, who acquired the DreamWorks live-action studio in February 2006, spinning it off again in 2008. In 2013, however, 20th Century Fox, a subsidiary of News Corporation, will distribute DreamWorks Animation films for a 5-year-deal.

History

The PDI / DreamWorks Studio in Redwood City, California

1994–2004

On October 12, 1994, DreamWorks SKG was formed and founded by a trio of entertainment players, director and producer Steven Spielberg, music executive David Geffen, and former Disney executive Jeffrey Katzenberg.

The new studio has attracted many artists from Spielberg's animation studio Amblimation. They first joined in 1995, when the last feature was completed,[6] and the rest came in 1997, when the studio had shut down.

In 1995, DreamWorks signed a co-production deal with Pacific Data Images to form subsidiary PDI, LLC (PDI owned 60% of PDI, LLC, while DreamWorks SKG owned 40%). The new unit would produce computer-generated feature films beginning with Antz in 1998. In the same year DreamWorks SKG produced The Prince of Egypt, which used both CG technology and traditional animation techniques.

In 1997, DreamWorks partnered with Aardman Animations, a British stop-motion animation studio, to co-produce and distribute Chicken Run, a stop-motion film already in pre-production.[7] Two years later they extended the deal for an additional four films. With Aardman doing stop-motion, they covered all three major styles, beside traditional and computer animation.[8] This partnership had DreamWorks participating in the production of stop-motion films in Bristol, and also had Aardman participating in some of the CG films made in the US.

In 2000, DreamWorks SKG created a new business division, DreamWorks Animation, that would regularly produce both types of animated feature films. The same year DW acquired majority interest (90%) in PDI, reforming it into PDI/DreamWorks, the Northern California branch of its new business division.[9] Next year Shrek was released and went on to win the first Academy Award for Best Animated Feature Film. Due to the success of CG animated films, DWA decided the same year to exit hand-drawn animation business after the next two of total four hand-drawn films. Beginning with Shrek 2, all released films, other than some co-produced with Aardman, are expected to be produced in CG.[10] Release of Shrek 2 and Shark Tale also made DWA the first studio to produce two CG animated features in a single year.[11]

The animation division was spun-off on October 27, 2004 into publicly traded company named DreamWorks Animation SKG, Inc. and headed by Katzenberg. DWA also inherited interests in PDI/DreamWorks. They made an agreement with their former parent to distribute all of their films until they deliver 12 new films, or December 12, 2010, whatever comes last.[11]

2004–present

On January 31, 2006, DWA entered into a distribution agreement with Paramount Pictures, which acquired DWA's former parent and distribution partner, DreamWorks SKG. The agreement granted Paramount the worldwide rights to distribute all animated films, including previously released until the delivery of 13 new animated feature films or December 31, 2012, whatever comes last.[12]

Delivering three out five films, the partnership with Aardman ended after the release of Flushed Away in November 2006. The announcement was made before the film's release, on October 3, citing "creative differences" as the reason.[13] DWA retained the co-ownership of rights to all films co-produced with Aardman, with an exception for Wallace & Gromit: The Curse of the Were-Rabbit, for which they only kept rights for worldwide distribution.[10]

On March 13, 2007, DreamWorks Animation announced it would release all of its films, beginning with Monsters vs. Aliens (2009), in stereoscopic 3D.[14] Together with Intel they co-developed a new 3-D film-making technology InTru3D.[15]

In 2008, DWA extended its production into India, where they established a special unit within Technicolor, named DreamWorks Dedicated Unit. DDU at first worked only on TV specials, such as Merry Madagascar, and Scared Shrekless, and DVD projects.[16] With animating part of Puss in Boots (2011), they also started contributing to the feature films.[17]

Since 2009, the studio has been a regular guest on the list of Fortune Magazine's 100 Best Companies to Work For. As the only entertainment company on the list, they ranked 47th in 2009,[18] 6th in 2010,[19] 10th in 2011,[20] and 14th in 2012.[21] The company is praised by its employees for its openness, culture of collaboration, and a free breakfast and lunch, a perk not found at many other companies.

With 2010, the studio had planned to release five feature films over the course of every two years,[22] but the next year the studio revisited their plans, "But beyond 2012, Katzenberg said the studio will play it by ear, even if that means abandoning his proclamation that DWA would try to release three pictures in a single year, every other year."[23] In 2010, DWA became the first studio that released three CG-animated films in a year.

The same year DreamWorks Animation created a new division named MoonBoy Animation.[24] Its first show was Neighbors from Hell, a collaboration with Fox Television Animation.

Logo of Oriental DreamWorks
Logo of Oriental DreamWorks

On February 17, 2012, DreamWorks Animation announced a joint venture with China Media Capital, Shanghai Media Group and Shanghai Alliance Investment to build a Shanghai based family entertainment company named Oriental DreamWorks. The new venture is expected to develop and produce original Chinese animated and live action content for distribution within China and worldwide. The company will also produce live entertainment content, theme parks, games and consumer products. Oriental DreamWorks, owned 45% by DWA and 55% by the Chinese partners, and with the cash and intellectual capital worth of $330 million, will get $2 billion investment in next five years,[25] and is expected to launch in late 2012.[26] The studio's first animated feature film, Kung Fu Panda 3, will be released in 2016,[27] followed by one animated feature per year till 2018, and with two per year after that. A live action film is expected to be released within next two years.[28]

In July 2012, DreamWorks Animation won a $155 million bid to acquire Classic Media, an owner of over 450 family entertainment titles and over 6,100 episodes of animated and live-action programming, including Casper, Lassie, Rocky and Bullwinkle, Rudolph the Red-Nosed Reindeer, Underdog, Gumby, Fat Albert, Frosty the Snowman, VeggieTales, and Where's Waldo?. Classic Media will be renamed to DreamWorks Classics.[29] Walt Disney Pictures is producing a live-action feature film adaptation of The Lone Ranger with the film rights acquired from DreamWorks Classics.

According to a Los Angeles Times report, DreamWorks Animation was in talks with Sony Pictures to distribute its upcoming films, such as The Croods and Turbo. The report also mentioned a possibility where Sony would handle the United States distribution while 20th Century Fox would handle the international distribution. Renewal of the deal with Paramount was also open, but only with more favorable terms for Paramount.[30] However, in August 2012, DreamWorks Animation signed a five-year distribution deal with 20th Century Fox for both domestic and international markets.[31] Rise of the Guardians will be the last DreamWorks Animation film to be distributed by Paramount Pictures, and The Croods will be the first DreamWorks Animation film to be distributed by 20th Century Fox.

Partnerships

  • DreamWorks Animation has an on-going partnership with HP, and the studio exclusively uses HP workstations and servers. In 2005, DWA partnered with HP to introduce HP Halo Telepresence Solutions, technologies that allow people in different locations to communicate in a face-to-face environment in real time.[32]
  • In 2005, AMD signed a 3 year deal to provide processors to the studio. This relationship ended in 2008, and DreamWorks announced that they will use Intel processors for future productions.[33]
  • On June 4, 2010, DreamWorks Animation and Royal Caribbean announced a strategic alliance set to take place onboard Royal Caribbean cruise ships including Allure of the Seas.[34]

Board of directors

The following executives[35] are on the DreamWorks Animation SKG, Inc. Board of directors:

Productions

Feature films

Released films

# Title Release date Budget Gross RT IMDb
1 Antz October 2, 1998 $105,000,000 $171,757,863 95% 6.7
2 The Prince of Egypt December 18, 1998 $70,000,000 $218,613,188 79% 6.8
3 The Road to El Dorado March 31, 2000 $95,000,000 $76,432,727 49% 6.6
4 Chicken Run June 23, 2000 $45,000,000 $224,834,564 96% 7.1
5 Shrek May 18, 2001 $60,000,000 $484,409,218 89% 7.9
6 Spirit: Stallion of the Cimarron May 24, 2002 $80,000,000 $122,563,539 69% 6.7
7 Sinbad: Legend of the Seven Seas July 2, 2003 $60,000,000 $80,767,884 45% 6.5
8 Shrek 2 May 19, 2004 $150,000,000 $919,838,758 89% 7.3
9 Shark Tale October 1, 2004 $75,000,000 $367,275,019 36% 5.9
10 Madagascar May 27, 2005 $78,000,000 $532,680,671 55% 6.8
11 Wallace & Gromit: The Curse of the Were-Rabbit October 7, 2005 $30,000,000 $192,610,372 95% 7.7
12 Over the Hedge May 19, 2006 $80,000,000 $336,002,996 75% 6.9
13 Flushed Away November 3, 2006 $149,000,000 $178,120,010 72% 6.8
14 Shrek the Third May 18, 2007 $160,000,000 $798,958,162 41% 6.0
15 Bee Movie November 2, 2007 $150,000,000 $287,594,577 51% 6.2
16 Kung Fu Panda June 6, 2008 $130,000,000 $631,744,560 88% 7.6
17 Madagascar: Escape 2 Africa November 7, 2008 $150,000,000 $603,900,354 64% 6.7
18 Monsters vs. Aliens March 27, 2009 $175,000,000 $381,509,870 72% 6.7
19 How to Train Your Dragon March 26, 2010 $165,000,000 $494,878,759 98% 8.2
20 Shrek Forever After May 21, 2010 $165,000,000 $752,600,867 57% 6.4
21 Megamind November 5, 2010 $130,000,000 $321,885,765 73% 7.3
22 Kung Fu Panda 2 May 26, 2011 $150,000,000 $665,692,281 81% 7.3
23 Puss in Boots October 28, 2011 $130,000,000 $554,709,226 83% 6.7
24 Madagascar 3: Europe's Most Wanted June 8, 2012 $145,000,000 $716,891,482 78% 7.0

Upcoming films

Title Release date Ref(s)
Rise of the Guardians November 21, 2012 [37][38]
The Croods March 22, 2013 [37][39]
Turbo July 19, 2013 [37][40]
Mr. Peabody & Sherman November 1, 2013 [29][37][41][42][43]
Me and My Shadow March 14, 2014 [37][42][44][45]
How to Train Your Dragon 2 June 20, 2014 [37][46]
Happy Smekday! November 26, 2014 [43][47][48][49]
The Penguins of Madagascar March 27, 2015 [43][50][51]
Trolls June 5, 2015 [43][52][53]
B.O.O.: Bureau of Otherworldly Operations November 6, 2015 [43][54]
Mumbai Musical December 19, 2015 [43][55][56]
Kung Fu Panda 3 March 18, 2016 [43][57]
How to Train Your Dragon 3 June 18, 2016 [43][58]

Films in development

Title Ref(s)
Pig Scrolls [59]
InterWorld [60]
Dinotrux [61][62]
Gil's All Fright Diner [63]
Truckers [54]
Imaginary Enemies [64]
Trollhunters [65]
Alma [66]
Maintenance [67]
Lidsville [68]
Flawed Dogs [69]
Rumblewick [70]
The Grimm Legacy [71]
Captain Underpants [72]

Direct-to-video

# Title Release date
1 Joseph: King of Dreams November 7, 2000

TV specials

# Title Release date Network
1 Shrek the Halls November 28, 2007 ABC
2 Monsters vs. Aliens: Mutant Pumpkins from Outer Space October 28, 2009 NBC
3 Merry Madagascar November 17, 2009
4 Scared Shrekless October 28, 2010
5 Kung Fu Panda Holiday November 24, 2010
6 Madly Madagascar TBA

Short films

# Title Release date
1 Shrek in the Swamp Karaoke Dance Party November 2, 2001
2 Shrek 4-D May 23, 2003
3 Cyclops Island November 18, 2003
4 Far Far Away Idol November 5, 2004
5 Club Oscar February 8, 2005
6 The Madagascar Penguins in a Christmas Caper October 7, 2005
7 First Flight May 19, 2006
8 Hammy's Boomerang Adventure October 17, 2006
9 Secrets of the Furious Five November 9, 2008
10 B.O.B.'s Big Break September 29, 2009
11 Legend of the Boneknapper Dragon October 15, 2010
12 Donkey’s Caroling Christmas-tacular December 7, 2010
13 Megamind: The Button of Doom February 25, 2011
14 Thriller Night September 13, 2011
15 The Pig Who Cried Werewolf October 4, 2011
16 Monsters vs. Aliens: Night of the Living Carrots October 13, 2011
17 Gift of the Night Fury November 15, 2011
18 Book of Dragons November 15, 2011
19 Kung Fu Panda: Secrets of the Masters December 13, 2011
20 Puss in Boots: The Three Diablos February 24, 2012
21 Untitled Rocky and Bullwinkle short [73] November 1, 2013

Television series

# Title Premiere date End date Network
1 Toonsylvania [74] February 14, 1998 December 21, 1998 Fox Kids
2 Invasion America [75] June 8, 1998 July 7, 1998 The WB/Kids' WB
3 Alienators: Evolution Continues [76] September 15, 2001 June 22, 2002 Fox Kids
4 Father of the Pride August 31, 2004 December 28, 2004 NBC
5 The Penguins of Madagascar March 28, 2009 present Nickelodeon
6 Neighbors from Hell June 7, 2010 July 26, 2010 TBS
7 Kung Fu Panda: Legends of Awesomeness November 7, 2011 present Nickelodeon
8 Dragons: Riders of Berk September 4, 2012 present Cartoon Network
9 Future Earth [77] 2012 Discovery Channel
10 Monsters vs. Aliens [78] TBA Nickelodeon
11 Turbo [79] TBA

Inherited material

Additionally, DreamWorks Animation holds the underlying US rights to the DiC animated series Alienators: Evolution Continues, co-produced with the parent DreamWorks studio and Columbia TriStar Television (now Sony Pictures Television, who holds international rights). The series was a spin-off of the 2001 DreamWorks/Columbia film Evolution.

See also

References

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  2. ^ a b c d e "2011 Annual Report" (PDF). DreamWorks Animation. Retrieved June 12, 2012.
  3. ^ "DREAMWORKS ANIMATION SKG, INC. - FORM 10-K (Annual Report)" (PDF). DreamWorks Animation SKG. Shareholder.com. February 25, 2011. p. 148. Retrieved September 21, 2011.
  4. ^ Movie Brands Sorted by Total Gross - Box Office Mojo
  5. ^ When added to foreign grosses DreamWorks Animation Movies at the Box Office Box Office Mojo
  6. ^ "Shelley Page (DreamWorks Animation)". FMX.de. Retrieved July 4, 2011.
  7. ^ "Chicken Run: Deal clinched with DreamWorks & Pathe". Telepathy Ltd. December 3, 1997. Retrieved August 30, 2011.
  8. ^ Moerk, Christian (October 27, 2011). "DW-Aardman pact drawn". Variety. Retrieved September 3, 2011.
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External links

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