DreamWorks Animation 2011 pdf

[...]... entered into by Old DreamWorks Studios Pursuant to the Paramount Distribution Agreement, we are required to continue to license directly to Old DreamWorks Studios those distribution rights in and to our existing and future animated films, to the extent necessary for Old DreamWorks Studios to comply with such existing subdistribution and license agreements Upon expiration of Old DreamWorks Studios’... Services Agreement, after January 1, 2011, if we experience a change in control (as defined therein) and pay a one-time termination fee The amount of the termination fee is specified as $150 million if we terminated the Paramount Distribution Agreement on January 1, 2011, and the amount of the termination fee reduces ratably to zero during the period from January 2, 2011 to December 31, 2012 Upon termination... staff with other animation studios, production 11 companies and video game producers In order to recruit and retain talented creative and technical personnel, we have established relationships with the top animation schools and industry trade groups We have also established in-house digital training and artistic development training programs Potential Competition Barriers to entry into the animation field... existing sub-distribution, servicing and license agreements previously entered into by Old DreamWorks Studios Pursuant to the Paramount Agreements, we will continue to license to Old DreamWorks Studios those distribution and servicing rights in and to existing and future films, to the extent necessary for Old DreamWorks Studios to comply with such existing sub-distribution, servicing and license agreements,... years ended December 31, 2010 and 2011, we made payments (net of refunds) totaling $26.9 million and $29.7 million, respectively, to Mr Allen’s affiliate As of December 31, 2011, we have recorded a liability of $294.4 million to Mr Allen’s affiliate We expect that $14.2 million will become payable during the next 12 months (which is subject to the finalization of our 2011 tax returns) and the remainder... and Exchange Commission that were issued 180 days or more preceding the end of its 2011 fiscal year and that remain unresolved Item 2 Properties We conduct our business primarily in two studios—in Glendale, California, where we are headquartered, and in Redwood City, California Glendale Animation Campus Our Glendale animation campus houses a majority of our employees During 2010, we completed a long-term... expected release dates of other films produced by other animation studios, although we also pay attention to the expected release dates of live-action and other “event” films that are vying for similar broad audience appeal Disney/Pixar, Sony Entertainment, Fox Entertainment’s Blue Sky Studios and Illumination Entertainment are currently the animation studios that we believe target similar audiences... products The entrance of additional animation companies into the animated feature film market could adversely affect us by eroding our market share, increasing the competition for animated film audiences and increasing the competition for, and cost of, hiring and retaining talented employees, particularly animators and technical staff Employees As of December 31, 2011, we employed approximately 2,100... also available to the public through the SEC’s website at http://www.sec.gov Our common stock is currently listed on the Nasdaq under the symbol “DWA.” We maintain an Internet site at http://www.DreamworksAnimation.com We make available free of charge, on or through our website, our annual, quarterly and current reports, as well as any amendments to these 13 reports, as soon as reasonably practicable... visual development artists, layout artists, editors, technical directors, lighters and visual effects artists and production staff, approximately 310 were primarily engaged in supporting and developing our animation technology, and approximately 420 worked on general corporate and administrative matters, including our licensing and merchandising operations We also hire additional employees on a picture-by-picture . expands the value of the DreamWorks Animation brand in the global marketplace. I’m especially proud that, in January, DreamWorks Animation was again named. context otherwise requires, the terms DreamWorks Animation, ” the “Company,” “we,” “us” and “our” refer to DreamWorks Animation SKG, Inc., its consolidated