Wednesday, January 31, 2007

DreamWorks and Aardman Finalize Divorce

You have probably seen or read about this already, but in case it's otherwise:

LOS ANGELES - DreamWorks Animation SKG Inc. said Tuesday it had ended an exclusive production arrangement with the British maker of the award-winning claymation series "Wallace & Gromit," which won critical acclaim but failed at the box office.

The decision regarding Aardman Animations came after DreamWorks said last year it would take a writedown in the fourth quarter to account for losses from the latest Aardman film, the computer-animated "Flushed Away."

DreamWorks has not revealed the size of the writedown, but analysts have suggested it could be more than $100 million.

This parting of the ways has been a while in coming, but now it's official. Apparently if you don't come forth with a $200 million domestic grosser, relations become, ah, strained.


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