DreamWorks Animation 2012 EarningsUPDATE, 2:15 PM: No update on the big question DreamWorks Animation faces: Who will distribute its films beginning next year, when its current deal with Paramount expires? The process to decide that “will begin in June” after Madagascar 3 is out, CEO Jeffrey Katzenberg says. “We anticipate it being concluded no later than Labor Day.” He added that “all options are on the table” including self-distribution — something that Katzenberg says the company is “fully exploring.” The value of any deal DreamWorks makes shouldn’t be judged just by the distribution fee, he says; there could be synergies like the ones DreamWorks has with Nickelodeon. (more…)