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DreamWorks Animation's 'Shrek the Third' Crosses $600 Million Global Threshold
07-11-2007, 11:45 PM (This post was last modified: 07-12-2007 12:26 AM by sahil.)
Post: #1
Shy DreamWorks Animation's 'Shrek the Third' Crosses $600 Million Global Threshold
Shrek Franchise Surpasses $2 Billion in Global Box Office

[Image: shrek3.gif]


GLENDALE, Calif., July 9 /PRNewswire-FirstCall/ -- DreamWorks Animation's "Shrek the Third" continued its stellar box office performance around the globe, with the cumulative worldwide gross now surpassing the $600 million mark. The history making U.S. opening of "Shrek the Third" -- the largest domestic debut ever for an animated film -- was duplicated in many key territories around the world, with #1 animated openings of all time in such countries as the U.K. (where it remains at the top of the box office charts for the second week of release), Russia, Korea, Mexico, Brazil, Argentina, Singapore and others. With an estimated $35 million weekend take from 6,114 locations across 53 territories, the international tally now stands at $324 million -- and combining that with the current U.S. box office total of $316 million propels the lovable green ogre from the studio's most successful film franchise to a cumulative worldwide tally of $640 million. With the overwhelming success of the third installment, the Shrek franchise of films have combined to reach over $2 billion in global box office receipts to date making it one of the most successful franchises in movie history. The film is distributed globally by Paramount Pictures and Paramount Pictures International.

About DreamWorks Animation SKG

DreamWorks Animation SKG (NYSE: DWA) is devoted to producing high-quality family entertainment through the use of computer-generated (CG) animation. Utilizing world-class creative talent and state-of-the-art technological capabilities, the company is committed to making two computer-animated feature films a year that appeal to a broad movie-going audience.

About Shrek

DreamWorks Animation's most successful franchise to date, the Shrek series began with the acquisition of William Steig's book in 1990, with the original "Shrek" going on to win the Academy Award® for Best Animated Feature in 2001. The sequel, "Shrek 2," proved even more popular than the first, practically doubling the worldwide box office take of the original to become the third highest-grossing film of all time. "Shrek the Third," the latest installment, recently wrote box office history by scoring the biggest opening weekend ever for an animated film and continues to perform in its current global run. "Shrek the Third" recently crossed the $300 million dollar mark at the both the US and worldwide box office, with a global cumulative in excess of $600 million.

Caution Concerning Forward-Looking Statements

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company's plans, prospects, strategies, proposals and our beliefs and expectations concerning performance of our current and future releases and anticipated talent, directors and storyline for our upcoming films and other projects, constitute forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the industry in which we operate and management's beliefs and assumptions. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of DreamWorks Animation SKG, Inc. These risks and uncertainties include: audience acceptance of our films, our dependence on the success of a limited number of releases each year, the increasing cost of producing and marketing feature films, piracy of motion pictures, the effect of rapid technological change or alternative forms of entertainment and our need to protect our proprietary technology and enhance or develop new technology. In addition, due to the uncertainties and risks involved in the development and production of animated feature projects, the release dates for the projects described in this document may be delayed. For a further list and description of such risks and uncertainties, see the reports filed by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our most recent quarterly reports on Form 10-Q. DreamWorks Animation is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

SOURCE DreamWorks Animation SKG

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http://www.dreamworksanimation.com/dwa/o...Id=1023913
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