UPDATE 3-DreamWorks profit beats Street, talks up 3D

By February 24, 2010March 24th, 2020Newswires

UPDATE 3-DreamWorks profit beats Street, talks up 3D
* Q4 EPS 50 cents vs Street view 37 cents
by Alex Dobuzinskis

LOS ANGELES, Feb 23 (Reuters) – DreamWorks Animation SKG Inc (DWA.O) posted a stronger-than-expected quarterly profit and is preparing to unleash "How to Train Your Dragon" on audiences next month, as competition between 3-D movies heats up.

Chief Executive Jeffrey Katzenberg, a champion of 3-D movies, also said televisions with 3-D technology will create a market for his content by 2011, earlier than expected.

On the theater front, when the animated DreamWorks movie "How To Train Your Dragon" opens on March 26 it will face competition for 3-D screens from "Alice In Wonderland," "Clash of the Titans" and "Avatar."

Analysts have expressed concern that "Dragon" could be crowded out by other 3-D movies, hurting revenue.

Read the whole story here: http://www.reuters.com/article/idUSN231 … arketsNews

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