Revenue soars at Dreamworks

Shrek franchise now one of the strongest in movie history says firm.
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Dreamworks Animation has reported total revenue of $160.8 million and net income of $47 million for the quarter ended September 30th - with Shrek the Third being the largest driver for the period.

The movie contributed $92.1m in revenue, primarily from its significant international box office receipts. To date, Shrek the Third has reached $793m at the box office on a worldwide basis, making it the third highest grossing animated film of all time.

In addition, Dreamworks' 2006 summer release, Over the Hedge, contributed $17.8m of revenue, driven largely from the start of its release in international pay TV, as well as its continued performance in the home video market.

Flushed Away delivered $17.3m, while Wallace & Gromit: Curse of the Were-Rabbit and Madagascar contributed third quarter revenue of $3.9m and $5.8m respectively. The remaining film library contributed $23.9m in revenue for the quarter, driven by both Shrek 2 and Shark Tale international free television, plus continued home video performance.

Looking ahead, and Dreamworks expects its fourth quarter to be mainly driven by the home video performance of Shrek the Third. Its next theatrical release is Bee Movie, while it is also planning its first televised holiday special in the US, Shrek the Halls.

In addition to its results, the firm revealed it has pencilled in superhero send up Master Mind (working title) for an autumn 2010 cinema release.


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