DreamWorks Animation Counsel Katherine Kendrick to Leave Company at End of Year

GLENDALE, Calif., Nov. 9 /PRNewswire-FirstCall/ -- DreamWorks Animation SKG, Inc. (Nasdaq: DWA) announced today that its General Counsel, Katherine Kendrick, has decided to leave the company when her contract expires at the end of the year. Kendrick will be devoting her time to her ongoing work with a number of philanthropic organizations.

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"Kathy has been a key member of our executive team helping to steer the company from the founding of DreamWorks through our IPO and beyond," stated Jeffrey Katzenberg, Chief Executive Officer of DreamWorks Animation. "It has been my great pleasure to work with Kathy for over 20 years, first at Disney and then at DreamWorks, and I appreciate her desire to contribute her considerable talents to the various organizations she feels so strongly about."

"During my 14 years at DreamWorks, it has truly been a great privilege to have worked alongside an incredibly talented group of people and play a part in the creation of a very special company. Together, we built DreamWorks from a start-up to a major force in the entertainment industry, even spinning off the Animation division into a thriving and successful public company," commented Kendrick. "I'm excited to embark on the next phase of my life and feel incredibly lucky to be able to pursue my philanthropic passions."

Kendrick currently serves on a number of non-profit boards, including the United States Olympic Foundation, Waterkeeper's Alliance and LA's BEST (Better Educated Students for Tomorrow), as well as on advisory boards, including the Los Angeles Sports and Entertainment Commission, Kids Play International and Columbia University School of Law's Kernochan Center for Law, Media and the Arts. She previously served on the California State School to Career Advisory Council, as Vice Chair of the Minority Business Opportunity Council of the City of Los Angeles and on the Board of Directors for Big Brothers/Big Sisters of the Greater Los Angeles Area.

Prior to joining DreamWorks as General Counsel, Kendrick was Vice President-European Legal Affairs for The Walt Disney Company, based in Paris, France. Before moving to Paris, Kendrick served as a Director of Legal Affairs for The Walt Disney Studios, having segued to Disney from the law firm of Latham & Watkins. Kendrick received her J.D. degree from Columbia University Law School and her B.A. in economics from the University of California, Berkeley.

About DreamWorks Animation SKG
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.