DreamWorks Animation's Academy Award®-Nominated Puss in Boots Surpasses $500 Million at the Global Box Office

DreamWorks Animation's Academy Award®-Nominated Puss in Boots Surpasses $500 Million at the Global Box Office

GLENDALE, Calif., Jan. 30, 2012 /PRNewswire/ -- DreamWorks Animation SKG, Inc. (Nasdaq: DWA) today announced that its Academy Award®( )nominated movie, Puss in Boots, has earned approximately $507 million to date at the worldwide box office.

"On behalf of the entire studio, it is my pleasure to congratulate the Puss in Boots creative team on reaching this fantastic milestone," said Jeffrey Katzenberg, Chief Executive Officer of DreamWorks Animation. "Following the film's recognition by the Academy as nominee for Best Animated Feature Film, we could not be happier with the response to Puss in Boots both critically and commercially across the globe."

"I am so thrilled that people around the world continue to respond to Puss in Boots and I'd like to thank the incredible team of creative talent who worked tirelessly to bring the story of our swashbuckling hero to life!" added the film's Director, Chris Miller.

Both DreamWorks Animation releases from 2011, Kung Fu Panda 2 and Puss in Boots, received 2012 Academy Award®( )nominations for Best Animated Feature.

About DreamWorks Animation

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 four consecutive years. In 2012, DreamWorks Animation ranks #14 on the list. All of DreamWorks Animation's feature films are now being produced in 3D. The Company has theatrically released a total of 23 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.

SOURCE DreamWorks Animation SKG, Inc.

DreamWorks Animation SKG, Inc.

CONTACT: CONTACT: Shannon Olivas, Corporate Communications, +1-818-695-3658, Shannon.Olivas@dreamworks.com, Jeff Hare, Publicity, +1-818-695-6055, Jeff.Hare@dreamworks.com

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

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