Press Release from DreamWorks Animation SKG, Inc.
GLENDALE, Calif., May 19 -- DreamWorks Animation SKG, Inc. (NASDAQ:DWA) today announced that it was collaborating with theatrical show production entity run by Franco Dragone to create a live arena show based on its worldwide hit, "Kung Fu Panda."
DreamWorks Animation Chief Operating Officer Ann Daly stated, "Working with Franco Dragone is an incredibly exciting prospect for us. We expect that the combination of the Franco Dragone Entertainment Group and DreamWorks Animation will result in a totally new and inventive live entertainment experience for family audiences."
The show, still in development, is currently targeted to be ready for touring in 2011, timed around the June theatrical release of the sequel to the Oscar(R)-nominated global hit "Kung Fu Panda," which amassed more than $630 million in worldwide box office receipts.