DreamWorks Animation Names Andrew Chang General Counsel

11/10/2009 8:56:00 AM

GLENDALE, Calif., Nov. 10 /PRNewswire-FirstCall/ -- DreamWorks Animation SKG, Inc. (Nasdaq: DWA) today announced that Andrew Chang, DreamWorks Animation's Head of Litigation and Technology Law, has been named General Counsel.

Chang has been with DreamWorks for seven years and has held his current position since the Company's IPO in 2004. Katherine Kendrick, who currently serves as General Counsel, has announced plans to leave the Company when her contract expires at the end of 2009.

"As he has done so successfully over the past seven years, I am confident that Andrew will remain a leading force in propelling DreamWorks Animation into the future when he joins our executive team as General Counsel," said Lew Coleman, President and Chief Financial Officer of DreamWorks Animation. "Andrew was instrumental in negotiating a number of the Company's key strategic partnerships and alliances - including those with HP, Intel and Technicolor in India - and possesses the skill set required to maintain DreamWorks Animation's position as a true leader in technology with a strong corporate infrastructure."

Chang commented, "It is truly an exciting time at DreamWorks Animation as the Company grows and diversifies at an unprecedented rate. I welcome this new opportunity to serve in a greater capacity and look forward to working with the Company's deep bench of innovative and creative talent."

Prior to joining DreamWorks Animation, Chang held the position of Vice President of Legal at Metro-Goldwyn-Mayer Studios, Inc. Before joining MGM, he was an associate at the law firm of Gibson, Dunn & Crutcher, in Los Angeles, specializing in litigation, antitrust and distribution practices. Chang received his J.D. degree from the Georgetown University Law Center and an A.B. in politics from Princeton University.

About DreamWorks Animation

DreamWorks Animation creates high-quality entertainment, including CG animated feature films, television specials and series, live entertainment properties and online virtual worlds, meant for audiences around the world. The Company has world-class creative talent, a strong and experienced management team and advanced filmmaking technology and techniques. All of DreamWorks Animation's feature films are now being produced in 3D. The Company has theatrically released a total of 18 animated feature films, including the franchise properties "Shrek," "Madagascar" and "Kung Fu Panda."

Caution Concerning Forward-Looking Statements

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company's plans, prospects, strategies, proposals and our beliefs and expectations concerning performance of our current and future releases and anticipated talent, directors and storyline for our upcoming films and other projects, constitute forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the industry in which we operate and management's beliefs and assumptions. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of DreamWorks Animation SKG, Inc. These risks and uncertainties include: audience acceptance of our films, our dependence on the success of a limited number of releases each year, the increasing cost of producing and marketing feature films, piracy of motion pictures, the effect of rapid technological change or alternative forms of entertainment and our need to protect our proprietary technology and enhance or develop new technology. In addition, due to the uncertainties and risks involved in the development and production of animated feature projects, the release dates for the projects described in this document may be delayed. For a further list and description of such risks and uncertainties, see the reports filed by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our most recent quarterly reports on Form 10-Q. DreamWorks Animation is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

SOURCE DreamWorks Animation SKG, Inc.

Jeff Hare, DreamWorks Animation Publicity, +1-818-695-8055, jeff.hare@dreamworks.com, Shannon Olivas, DreamWorks Animation Corporate Communications, +1-818-695-3658, shannon.olivas@dreamworks.com