DreamWorks Animation Delays Quarterly Earnings Release in Wake of Hurricane

4:57 PM PDT 10/29/2012 by Paul Bond

DreamWorks Signs With Mr. Smith Entertainment For World Sales

Steven Spielberg and Stacey Snider’s DreamWorks Studio is taking more control of its movies several international territories. Dreamworks signed a deal this week with David Garrett’s Mister Smith Entertainment, which will see Mr. Smith handle DreamWorks titles in Europe, the Middle East and Africa. Reliance Entertainment, which holds a major stake in DreamWorks, distributes their films in India while Disney will continue to handle the release of DreamWorks films everywhere else.

The company will announce third-quarter earnings two days later than expected.

DreamWorks Animation has rescheduled its third-quarter earnings announcement because of Hurricane Sandy, which landed on the shores of New Jersey with 90 MPH winds Monday night.

STORY: Hurricane Sandy Prompts Several Broadcast Networks to Air Reruns on Monday

DWA had been set to announce quarterly earnings on Tuesday but delayed the event until Thursday at 4:30 p.m. Eastern time.

While DWA is based in Glendale, Calif., many of the analysts who would presumably take part in a conference with DWA executives to discuss the company's earnings are located in New York, where Hurricane Sandy prompted Nasdaq and the New York Stock Exchange to shut down trading Monday and Tuesday.