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Last Updated: Friday, 11 November 2005, 06:02 GMT
Wallace's US figures cost studio
Wallace and Gromit
Wallace and Gromit's first movie took two years to animate
Despite the new Wallace & Gromit movie taking more than $160m (92m) so far in global sales, it hasn't done enough in the US for studio Dreamworks Animation.

In fact, Wallace & Gromit: The Curse of the Were-Rabbit has contributed to a $656,000 third-quarter net loss at the company.

Dreamworks said it had taken a one-off write-down of $3.9m due to the film's less than expected showing in the US.

Revenues during the three months to 30 September were down 64% year on year.

They were reduced to $87.1m compared to $241.3m for the same period a year earlier.

Lower end

One-off tax charges totalling $8m also contributed to the $656,000 third quarter loss.

Net profits in the third quarter of 2004 were $20.3m.

The Curse of the Were-Rabbit was actually released in the US during Dreamworks' ongoing fourth quarter, but the studio has budgeted the write-down into its third quarter results.

Dreamworks now expects its results for the whole of 2005 to fall at the lower end of previous expectations.


SEE ALSO:
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28 Sep 05 |  Entertainment
Dreamworks slumps on profit alert
11 Jul 05 |  Business
Shrek pushes Dreamworks into red
11 Aug 05 |  Business
NBC wins Vivendi battle
02 Sep 03 |  Business


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