DreamWorks Animation's profits fall
DreamWorks Animation SKG Inc. said Tuesday its fourth-quarter profit fell as revenue sank 31 percent mainly because the home video release of ``Kung Fu Panda'' did not perform as well as last year's ``Shrek the Third.''
DreamWorks Animation will lay off approximately 350 employees, about 15 percent of its full-time staff, CEO Jeffrey Katzenberg and CFO Lewis Coleman said Tuesday during the company's fourth-quarter earnings call.