DreamWorks Animation revenue drops 7%; video games provides boost

Ben Fritz from Los Angeles Times writes:

"As March release "Monsters vs Aliens" proves a solid peformer, but nowhere near as big as last year's "Kung Fu Panda," DreamWorks Animation revenue and net income fell 7% in the second quarter to $132 million and $25.6 million, respectively.

The company got a $24 million benefit in the quarter from a change in its video game licensing deal with Activision that provided extra payments for games based on several previous films, including "Monsters vs Aliens." Without that amended deal, DreamWorks' revenue would have been $108 million, down 24%, and net income would have fallen by a third to about $17.1 million."

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