Troubled movie studio issues profit warning

Less than a year after going public on the strength of hit films such as Shrek, DreamWorks Animation SKG is battling a DVD market slump that forced it to warn of a loss in the second quarter and to lower its full-year outlook.

Troubled movie studio issues profit warning

Less than a year after going public on the strength of hit films such as Shrek, DreamWorks Animation SKG is battling a DVD market slump that forced it to warn of a loss in the second quarter and to lower its full-year outlook.

The US company, which badly missed first-quarter profit estimates due to disappointing revenue from home video sales of Shrek 2, also disclosed yesterday that it was the target of a securities probe into the trading of its stock and release of first-quarter results.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited