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Katzenberg Reups; DreamWorks Reports Record Q1

Thursday, April 30, 2009
By: Thomas J. McLean

Jeffrey Katzenberg has renewed his contract with DreamWorks Animation, and will stay on as CEO of the studio he co-founded through 2013.

Katzenberg will continue to earn a salary of $1 a year, with the rest of his compensation tied to performance stock awards closely tied to the company’s stock price.

The studio, meanwhile, reported its best-ever first quarter earnings, based largely on the success of Madagascar: Escape 2 Africa and Kung Fu Panda. The results of Monsters vs. Aliens’ success at the box office will be mostly reflected next quarter.

DWA reported income increasing from $26 million in Q1 2008 to $62 million this year, while revenue rose from $157 million to $263 million.

Katzenberg told Variety it was too soon to tell if Monsters vs. Aliens is successful enough to warrant a sequel and said the company was considering several “fun ideas” for recreating the film’s 3-D experience on home video.

Reader Comments

  • Jack Dennis : owner : Sassy LLC
    Friday, May 01, 2009

    Would like to chat about ways to do this differently.

    Jack

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