Thursday, May 28, 2009

DreamWorks Animation Update

Jeffrey Katzenberg talks DreamWorks Animation's upcoming slate...

Former Disney chairman and current CEO of DreamWorks Animation SKG Jeffrey Katzenberg has been discussing the studio's upcoming slate with investors this week and revealed that a number of sequels and original animated movies are in the pipeline.

The production house - whose credits include the hugely successful Shrek series alongside Madagascar, Bee Movie, Kung Fu Panda, and Monsters vs Aliens - have eight films scheduled for release by 2012, and Katzenberg has said that they hope to reduce costs by around 10%, with an average budget of $130m per picture (including 3D conversion).

In 2010 DreamWorks will release How to Train Your Dragon (based on the book of the same name), Shrek Forever After, and Ooberman, which features the voice talents of Robert Downey Jr. and Ben Stiller, while 2011 will see the return of Jack Black as Po in Kung Fu Panda: The Kaboom of Doom. As if that wasn't enough DreamWorks are also producing a second sequel to Madagascar along with Shrek spin-off Puss in Boots, both of which are scheduled for release in 2012 (along with an original property yet to be confirmed).

All of the films will be released in 3D and will take DreamWorks to the end of their current distribution deal with Paramount Pictures.

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