Deals
DreamWorks Animation Profit Beats Estimates on ‘Dragon 2’
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DreamWorks Animation SKG Inc., the independent film studio, posted third-quarter profit that rose more than analysts estimated while labeling reports the company may be for sale “rumor and speculation.”
Chief Executive Officer Jeffrey Katzenberg, on a conference call with analysts yesterday, declined to comment on reports the company held sale talks with Japan’s SoftBank Corp. and instead said he remains “bullish” on company efforts to reduce its dependence on one or two film releases each year.