DreamWorks’ 2012 Revenues Boosted by Puss in Boots
According to a recent report by Daily Variety, DreamWorks Animation has seen a 26% boost in revenue of $136 million, which raises their profits to $9.1 million for the first quarter of 2012. The boost comes from the healthy box office and home-entertainment performance of the Shrek spinoff, Puss in Boots, which managed to gross over $554 million in worldwide box office to date as well as contribute $73.6 million of revenue to the quarter.
The boost is a significant improvement of the studio’s previous two quarters, which originally saw their profits fall to 51% in the third quarter of 2011.
“DreamWorks Animation’s first quarter of 2012 was driven primarily by ‘Puss In Boots’ continued success at the international box office and the solid performance from its home video release to date,” said Jeffrey Katzenberg, CEO of DreamWorks Animation. “We look forward to releasing the third chapter of our blockbuster Madagascar’ franchise in theaters on June 8th.”