DreamWorks Appoints President of Live Theatrical

DreamWorks Animation SKG, Inc. (NYSE: DWA) today announced that two senior members of the DreamWorks Animation team, Bill Damaschke and John Batter, have been promoted to Co-Presidents of Production for Feature Animation, with Damaschke also being appointed to the newly created position of President of Live Theatrical.

The announcement was made today by Jeffrey Katzenberg, DreamWorks Animation CEO, and Ann Daly, the studio's Chief Operating Officer.

Damaschke, as Co-President of Production for Feature Animation and President of Live Theatrical will continue to oversee creative production and development for the studio and is currently involved with the production of the Company's upcoming film slate, including Kung Fu Panda, Monsters vs. Aliens, How to Train Your Dragon and Madagascar 2.

As President of Live Theatrical, Damaschke will oversee all live theatrical production, beginning with Shrek the Musical, which is currently in pre-production and is slated to open on Broadway as early as 2008.

Damaschke is an animation industry veteran, having joined DreamWorks Animation at its inception in 1995 as Production Coordinator on Prince of Egypt. Damaschke was named Head of Creative Production in 1999 and Head of Creative Production and Development in 2005. During his tenure at DreamWorks, Damaschke produced Shark Tale, executive produced Over the Hedge and worked on virtually all of DreamWorks Animation's feature productions.

Batter, as Co-President of Production for Feature Animation, will oversee film production operations and animation technology, guiding the overall operation of the studio and its state-of-the-art animation tools and technology. He is also currently involved in managing the production efforts for the Company's upcoming film slate, including its 3-D initiative on such films as Monsters vs. Aliens and How to Train Your Dragon.

Batter previously served as Head of Production Operations for DreamWorks Animation. In 1995, he joined the Company as CFO of DreamWorks Interactive and later served as CFO for PDI/DreamWorks from 1997 to 2000. He left PDI/DreamWorks in 2000 to join Electronic Arts, where he held a number of management positions, including Group Studio General Manager and General Manger of EA Mobile, before returning to DreamWorks Animation in 2006.

DreamWorks Animation is principally devoted to developing and producing computer generated, or CG, animated feature films. With world-class creative talent, a strong and experienced management team and advanced CG filmmaking technology and techniques, DreamWorks Animation makes high quality CG animated films meant for a broad movie-going audience. The Company has theatrically released a total of fifteen animated feature films, including Antz, Shrek, Shrek 2, Shark Tale, Madagascar, Wallace & Gromit: The Curse of the Were-Rabbit, Over the Hedge, Flushed Away, Shrek the Third and Bee Movie.