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

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

GLENDALE, Calif., July 20 /PRNewswire-FirstCall/ -- DreamWorks Animation SKG, Inc. (NYSE:DWA) today announced that the Company's second quarter 2005 results will be released on Thursday, August 11, 2005, after market close.

DreamWorks Animation will host a conference call and webcast to discuss the results on Thursday, August 11, 2005, at 5:30 p.m. (EDT). Investors can access the call by dialing 888-802-8577 in the U.S. and 973-935-2981 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 August 11, 2005 through August 25, 2005. To access the replay, dial 877-519-4471 in the U.S. and 973-341-3080 internationally and enter 6290941 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 next release is "Wallace & Gromit - The Curse of the Were-Rabbit," which is scheduled to open in October 7, 2005.

Caution Concerning Forward-Looking Statements

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our earnings per share guidance, including for the second quarter of 2005, constitute forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. 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. Additional factors that could cause actual results for the second quarter or full year of 2005 to differ from our guidance include: differences between management's estimates based on currently available information and the final operating results for the second quarter or full year of 2005, potential accounting adjustments that may be made to our financial statements as part of the close of the books for the second quarter or full year of 2005, the box-office performance of our upcoming release "Wallace and Gromit - Curse of the Were-Rabbit" and any associated write-off that could result from its underperformance, and the timing, accuracy and sufficiency of the information we receive from our distributors to determine our revenues. In addition, due to the uncertainties involved in the development and production of animated feature films, the release dates for the films 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 (SEC), including our annual report on Form 10-K for fiscal year 2004 and our quarterly report on Form 10-Q for the first quarter 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: Rich Sullivan, DreamWorks Animation Investor Relations, ir@dreamworksanimation.com; or media, Jim Barron or Carrie Bloom of Citigate Sard Verbinnen, +1-212-687-8080, dwa@sardverb.com, for DreamWorks Animation SKG, Inc.

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

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