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DreamWorks Animation Chief Talks Up Possible TV Programming Initiatives

“Movies Are Not A Growth Business”, Jeffrey Katzenberg Tells Confab“Movies Are Not A Growth Business”, Jeffrey Katzenberg Tells Confab

The studio’s being “pretty aggressive” about at least one potential venture and hopes to have “news to share pretty quickly,” CEO Jeffrey Katzenberg told analysts this evening following his company’s Q1 earnings release. He didn’t provide details, but offered his comment in response to a question about TV opportunities with a traditional cable channel, a possible DreamWorks Animation channel, and online. “There are too many plates spinning right now and we don’t have certainty on which will be the best,” he says. Cable presents a “complicated set of challenges and circumstances,” and while he’s “not close to concluding a deal” there “we continue to have interest.” DWA’s three shows on Nickelodeon make a “negligible” contribution to the company, mostly from licensing and merchandising. But the studio has equity in Dragons on Cartoon Network which is “a more advantageous model for us.” Plans for a Netflix show based on the upcoming movie Turbo provide “another set of economics that have opportunity.” Indeed, he says that with Classic Media’s 450 titles “it is a meaningful place of opportunity for us.”

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