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On Wednesday, DreamWorks Animation SKG, Inc. released its 3rd quarter earnings for the period ending September 30, 2004. The first nine months of the year have yielded $582.5 million in revenues, of which $241.3 million came in the third quarter alone. CEO Jeffrey Katzenberg stated in a press release that the "results for the third quarter reflect the strong domestic and international theatrical performance of Shrek 2, as well as continuing revenue generated by our growing library of films." Katzenberg also speculates that Q4 will be solid, with sales of the "Shrek 2" merchandise and video combined with revs from the "Shark Tale" showing. But the most important statement came in the middle of all the numbers:
The company also announced that it has decided to move its release of Shrek 3 from November 2006 to May 2007.
And you thought it was tough getting the cast of "The Sopranos" together to film a season. (BW)