DreamWorks Animation to Announce Third Quarter 2005 Results and Host Earnings Conference Call

DreamWorks Animation to Announce Third Quarter 2005 Results and Host Earnings Conference Call

GLENDALE, Calif., Oct. 20 /PRNewswire-FirstCall/ -- DreamWorks Animation SKG, Inc. (NYSE:DWA) today announced that the Company's third quarter 2005 results will be released on Thursday, November 10, 2005, after market close.

DreamWorks Animation will host a conference call and webcast to discuss the results on Thursday, November 10, 2005, at 5:30 p.m. (EST). Investors can access the call by dialing 800-473-6123 in the U.S. and 973-582-2745 internationally or via live webcast at www.dreamworksanimation.com.

A replay of the conference call will also be available shortly after the call ends on November 10, 2005 through November 24, 2005. To access the replay, dial 877-519-4471 in the U.S. and 973-341-3080 internationally and enter 6631207 as the conference ID number. Both the earnings release and archived webcast will be available on the Company's website at www.dreamworksanimation.com.

About DreamWorks Animation SKG

DreamWorks Animation is principally devoted to developing and producing computer generated, or CG, animated feature films. With world-class creative talent, a strong and experienced management team and advanced CG filmmaking technology and techniques, DreamWorks Animation makes high quality CG animated films meant for a broad movie-going audience. The company has theatrically released a total of nine animated feature films, including Antz, Shrek, Shrek 2, Shark Tale and Madagascar. DreamWorks Animation's newest release, Wallace & Gromit: Curse of the Were-Rabbit, opened in theaters October 7, 2005.

Caution Concerning Forward-Looking Statements

This material includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Information concerning our plans, strategies and prospects as well as the release dates of films and anticipated talent, directors and storyline for such films constitute forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the industry in which we operate, management's beliefs and assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. The production, completion and distribution of animated feature films for our theatrical, home video and direct-to-video releases are subject to a number of uncertainties, including delays and increased expenditures due to creative problems, technical difficulties, talent availability, accidents, natural disasters or other events beyond our control. Because of these uncertainties, the projected costs of an animated feature film at the time it is set for production may increase, the date of completion may be substantially delayed or the film may be abandoned due to the exigencies of production. Delays in production may also result in a film not being ready for release at the intended time and postponement to a potentially less favorable time, which could result in lower gross receipts for that film. In extreme cases, a film in production may be abandoned or significantly modified (including as a result of creative changes) after substantial amounts have been spent, causing the write-off of expenses incurred with respect to the film. Our 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. 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. For a further list and description of such risks and uncertainties, see the reports filed by us with the Securities and Exchange Commission (SEC), including our annual report on Form 10-K for fiscal year 2004 and our quarterly reports on Form 10-Q for the first and second quarters of 2005. 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.

CONTACT: Investors, Rich Sullivan, DreamWorks Animation Investor
Relations, +1-818-695-3900, ir@dreamworksanimation.com, or Media,
Bob Feldman, DreamWorks Animation Public Relations, +1-818-695-6677, both of
DreamWorks Animation SKG, Inc.

Web site: http://www.dreamworksanimation.com/

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