DreamWorks Animation has announced an $87 million write-down on last year's holiday season animated blockbuster "Rise of the Guardians."
(From L) Actor Alec Baldwin, Hilaria Thomas and CEO of DreamWorks Animation Jeffrey Katzenberg arrive at the premiere of "Rise of the Guardians" during the 2012 AFI Fest at Grauman's Chinese Theatre in Hollywood, on November 4, 2012. DreamWorks Animation has announced an $87 million write-down on last year's holiday season animated blockbuster.
The write-down was part of a $165 million charge reported in year-end 2012 financial results, which included a fourth quarter loss of $82.7 million and a 12-month net loss of $36.4 million, on revenue of $749.8 million.
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