More on DreamWorks Animation (DWA): Q1 beats across the board, masking a 39% Y/Y drop in net...

|By:, SA News Editor

More on DreamWorks Animation (DWA): Q1 beats across the board, masking a 39% Y/Y drop in net profit as the computer-animation studio's overhead costs grew and revenue edged lower. Separately, reports are circulating that the company is close to buying AwesomenessTV, a YouTube network aimed at teens and tweens. The network was launched last June after rounding up $3.5M in funding and has nearly 500K subscribers and generated more than 80M video views last month. Shares +6.8% AH.