DreamWorks Animation Q1 loss widens to US$54.8m
Los Angeles
AFTER a brutal six months marked by creative retrenchments and two failed merger attempts, DreamWorks Animation reported a first-quarter loss of US$54.8 million.
The boutique studio, based in Glendale, California, reported a per-share loss of 64 cents for the quarter, which ended on March 31. In the same period a year earlier, it had a loss of US$42.9 million, or 51 cents a share.
Analysts expected a loss in the most recent quarter of roughly 45 cents.
Revenue climbed to US$166…
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