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.