DreamWorks Animation SKG Inc. DWA -13.79% reported a loss in the second quarter and saw its revenue fall nearly 43% as the film studio continues to feel the fallout from recent flops.
On the bright side, the company said it expects “How to Train Your Dragon 2,” which was released to theaters on June 13, to be a “highly profitable film” and “remain a very valuable franchise for many years to come.”
However, the latest film remains in an un-recouped position with DreamWorks Animation’s primary distributor, as does “Mr. Peabody & Sherman,” which flopped in the box office in the previous quarter.
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