UPDATE: DreamWorks Animation Expects To Have A New Distribution Deal This Fall

UPDATE, 2:22 PM: I can’t recall when I’ve heard CEO Jeff Katzenberg sound so cheerless on one of his quarterly calls with analysts. But with results that sent DreamWorks Animation shares down about 8% in after-market trading, a more gleeful tone might have made him sound delusional. Still, he gamely pointed to potential catalysts for the company, whose market value is down 28.5% over the last 12 months. He told analysts that in late spring or early summer DreamWorks will begin to “actively pursue” a new distribution deal to replace the one with Paramount that expires this year. The company will make a decision “no later than this fall.” Although it’s still early, Katzenberg says that “we have a number of very good options.” But he added that he probably won’t provide the Street with play-by-play updates. “We don’t think that doing it under the day-to-day microscope of people trying to second guess us is necessarily good for the company.” (more…)

This article was printed from https://deadline.com/2012/02/dreamworks-animation-misses-q4-earnings-targets-as-profit-falls-237446/