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DreamWorks Animation's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Before we begin, we need to remind you that certain statements made on this call may constitute forward-looking statements. Forward-looking statements can vary materially from actual results and are subject to a number of risks and uncertainties, including those contained in the company’s annual and quarterly reports as well as in other filings with the SEC. I would encourage all of you to review the Risk Factors listed in these documents. The company undertakes no obligation to update any of its forward-looking statements.

And with that, I would now like to hand the call over to DreamWorks Animation’s Chief Executive Officer, Jeffrey Katzenberg. Jeffrey?

Jeffrey Katzenberg

Thanks Rich and good afternoon everyone. The big events for the company in the second quarter was Madagascar 3, Europe’s Most Wanted, which was released in the U.S. on June 8th. Today, it's grossed $210 million at the domestic box office and $292 million overseas for a worldwide total of over $500 million, making it the seventh highest grossing movie of the year on a global basis. It is the third and biggest film in our blockbuster Madagascar franchise and yet another incredibly successful sequel for the company.

All DreamWorks Animation sequels have surpassed $600 million at the worldwide box office and Madagascar 3 is on-track to do the same. It was the number one movie in the U.S. during its first two weekends of release and continues to break records in many territories around the globe. To name just a few, in Russia, Madagascar 3 is the number one animated movie of all time as well as the number three film of all time. The top three animated films ever in Russia are now DreamWorks Animation titles.

In the Ukraine, United Arab Emirates and Egypt, it became the biggest grossing animated movie of the year and in Brazil and Argentina it had the biggest opening weekend of all time for an animated film. And in Portugal, this past weekend it had the biggest opening of the year of any movie so far.

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