July 29, 2014
LOS ANGELES (AP) - DreamWorks Animation SKG Inc. says its new deal to provide original TV shows to Netflix will help it double the revenue it gets from TV shows to $200 million by 2015.
DreamWorks expects $100 million in TV revenue this year. The Glendale, Calif., company released the figures in a call with analysts Tuesday.
The deal to supply Netflix Inc. with 300 hours of new TV shows over several years was announced Monday. It allows Netflix to debut the shows in the 40 markets where the video company operates. DreamWorks also announced Tuesday that it will supply new TV shows to German broadcaster Super RTL, where Netflix doesn't operate.
DreamWorks shares are up 44 cents to $24.75 in aftermarket trading. The stock has gained 6.6 percent this week.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.