Kevin Lima to Direct "Monkeys of Mumbai" (Working Title) at DreamWorks Animation

GLENDALE, Calif., July 20, 2011 /PRNewswire/ -- DreamWorks Animation SKG, Inc. (Nasdaq: DWA) today announced that Kevin Lima (Enchanted, Tarzan) will direct the upcoming feature film Monkeys of Mumbai (working title), the studio's first-ever Bollywood-style animated musical adventure. Lisa Stewart (Turbo, Monsters vs. Aliens) and Chris Chase (Enchanted, Tarzan) will serve as producers on the project. As previously announced, Stephen Schwartz (Wicked, Prince of Egypt, Enchanted) is serving as executive producer and lyricist, A.R. Rahman (127 Hours, Slumdog Millionaire, Bombay Dreams) is serving as executive producer and composer, and Gurinder Chadha & Paul Berges (Bride & Prejudice, Bend It Like Beckham) are writing the feature project.

(Photo: http://photos.prnewswire.com/prnh/20110720/LA37305)

"Kevin is a brilliant director and someone we've long wanted to work with at DreamWorks Animation," said the studio's Chief Creative Officer, Bill Damaschke. "We are thrilled to welcome him, Chris and Lisa on board to round out the excellent creative leadership team on Monkeys of Mumbai."

"Ever since Enchanted, I've been looking for a film musical and when DreamWorks Animation approached me with the prospect of doing a Bollywood musical with such renowned collaborators, I knew this was the one," added Kevin Lima.

Inspired by the great Indian epic tale of The Ramayana – but retold through the point of view of its monkeys – Monkeys of Mumbai revolves around two common monkeys who become unlikely heroes in a last ditch effort to stop an ancient, thought-to-be-mythical demon from conquering the world. The project is being overseen at DreamWorks Animation by development executive Chris Kuser.

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 three consecutive years. In 2011, DreamWorks Animation ranks #10 on the list. All of DreamWorks Animation's feature films are now being produced in 3D. The Company has theatrically released a total of 22 animated feature films, including the franchise properties of Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon.

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.

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SOURCE DreamWorks Animation SKG, Inc.

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