News Brief 2/27/2013, Adar 17, 5773
DreamWorks Marks $87 Million Write-Down on 'Guardians' Film
DreamWorks Animation has announced an $87 million write-down on last year's holiday season animated blockbuster "Rise of the Guardians."
The write-down was part of a $165 million charge reported in year-end 2012 financial results, which included a fourth quarter loss of $82.7 million and a 12-month net loss of $36.4 million, on revenue of $749.8 million, AFP reported.
The $165 million charge "includes a write-down of film costs for 'Rise of the Guardians' in the amount of $87 million," as well as $54 million linked to 'Me & My Shadow' and $20 million to a number of other projects, it sai