Guillermo Del Toro Names DreamWorks Animation His Home for Feature Animation

GLENDALE, Calif., Sept. 27 /PRNewswire/ -- DreamWorks Animation SKG, Inc. (Nasdaq: DWA) announced today that famed Oscar-nominated director Guillermo del Toro has named the studio his home for animated feature film projects. Del Toro will join Andrew Adamson and Michelle Raimo as Executive Producer on Puss In Boots, which is scheduled to be released on November 4, 2011.

DreamWorks Animation has acquired from del Toro Trollhunters (working title), an original project from which the Company plans to produce a 3D animated feature film, which will be written and directed by del Toro himself. The exciting new story of Trollhunters is being kept entirely under wraps at the studio. Additionally, del Toro will consult on a number of DreamWorks Animation's upcoming feature film releases.

"Animation is a singularly unique medium in that it allows an artist to envision, articulate and manipulate whole new worlds that spark the imagination in amazing ways," said Guillermo del Toro. "Nowhere have I found a greater concentration of spirit and creativity than at DreamWorks Animation and I cannot imagine a better place for me to pursue my ambition as a filmmaker: to tell the best possible stories that can reach the biggest number of people around the world."

"On behalf of the entire studio, I'd like to warmly welcome Guillermo into the DreamWorks family of filmmakers; we are incredibly honored that he has chosen our studio as his home for feature animation," said Bill Damaschke, Co-President of Production at DreamWorks Animation. "Guillermo brings a unique vision and unmatched level of inventiveness to his storytelling and we cannot wait to see what he can do together with our creative team here at DreamWorks Animation."

About DreamWorks Animation SKG

DreamWorks Animation creates high-quality entertainment, including CG animated feature films, television specials and series, live entertainment properties and online virtual worlds, meant for audiences around the world. The Company has world-class creative talent, a strong and experienced management team and advanced filmmaking technology and techniques. DreamWorks Animation has been named one of the "100 Best Companies to Work For" by FORTUNE® Magazine for two consecutive years. In 2010, DreamWorks Animation ranks #6 on the list. All of DreamWorks Animation's feature films are now being produced in 3D. The Company has theatrically released a total of 20 animated feature films, including the franchise properties of Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon. DreamWorks Animation's next feature film is Megamind, scheduled to be released in 3D on November 5, 2010.

Caution Concerning Forward-Looking Statements

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company's plans, prospects, strategies, proposals and our beliefs and expectations concerning performance of our current and future releases and anticipated talent, directors and storyline for our upcoming films and other projects, constitute forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the industry in which we operate and management's beliefs and assumptions. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of DreamWorks Animation SKG, Inc. These risks and uncertainties include: audience acceptance of our films, our dependence on the success of a limited number of releases each year, the increasing cost of producing and marketing feature films, piracy of motion pictures, the effect of rapid technological change or alternative forms of entertainment and our need to protect our proprietary technology and enhance or develop new technology. In addition, due to the uncertainties and risks involved in the development and production of animated feature projects, the release dates for the projects described in this document may be delayed. For a further list and description of such risks and uncertainties, see the reports filed by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our most recent quarterly reports on Form 10-Q. DreamWorks Animation is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

SOURCE DreamWorks Animation SKG, Inc.

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