DreamWorks Animation was cleared of class-action suit charges that it hid bad news and misled investors over prospects for its “Turbo” toon. A California federal judge dismissed the suit ...

Home Business Legal DreamWorks Animation’s Upbeat ‘Turbo’ Forecasts Weren’t Fraud, Court Says By David Lieberman ... April 2, 2015 10:48am ...

On Feb. 25, when DreamWorks finally announced a $13.5 million writedown on a film released seven months earlier, the market reacted by sending its stock down 12 percent.

UPDATE: DreamWorks Animation just disclosed the SEC investigation in its conference call with analysts and says it’s cooperating. The company took a $13.5M writedown on Turbo in February. DWA ...

DreamWorks Animation slumped 12 percent to $30.91 at the close in New York, the biggest drop since July 2005. Sales in the fourth quarter fell to $204.3 million, the Glendale, California-based ...

DreamWorks Animation SKG Inc's fourth-quarter revenue fell a steeper-than-expected 23 percent due to the continued poor performance of "Turbo" and the lack of a major movie released in the United ...

"Turbo" may have slowed down DreamWorks Animation (DWA) in its fourth quarter, but CEO Jeffrey Katzenberg is still optimistic that the film will ultimately bring profits to the studio. The studio ...

DreamWorks spent about $135 million to make "Turbo". The movie has so far grossed about $282.6 million in receipts, according to Box Office Mojo, a website that tracks theater ticket sales.

Meanwhile Netflix, DreamWorks' partner for its Turbo Fast project, remained unaffected by DreamWorks' fall in post-market trading, ticking up 0.3% in after-market activity.

DreamWorks spent about $135 million to make "Turbo". The movie has so far grossed about $282.6 million in receipts, according to Box Office Mojo, a website that tracks theater ticket sales.

Turbo: F.A.S.T. is one of the first projects to arrive out of a deal between DreamWorks and Netflix that covers 300 hours of programming throughout five years.