Dreamworks' fortunes continue to sink..

[cresent34]

Starting to wonder where rock-bottom is:

On Tuesday, DreamWorks Animation announced a fourth-quarter net loss of $263.2 million (or $3.08 per share).

The majority of that loss—$210.1 million—is the pretax charge related to the company’s recent restructuring efforts. The 500-person layoff (18% of its staff) will result in $54.6 million of employee termination costs and other contractual obligations, while the abandonment of work on unreleased films like B.O.O.: Bureau of Otherworldly Operations and Monkeys of Mumbai will cost the studio 155.5 million.

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