Wall Street Goes Negative on DreamWorks Animation’s Reorganization Plans

January 23, 2015 7:10 PM

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Wall Street Goes Negative on DreamWorks Animation’s Reorganization Plans

Wall Street isn’t reacting well to DreamWorks Animation’s corporate reorganization and plans to release two films a year.

Shares of the toon studio fell 12.3% in after-hours trading Thursday, on DWA chief Jeffrey Katzenberg’s decision to lay off 500 employees, including head of marketing Dawn Taubin and COO Mark Zoradi, and shutter its PDI/DreamWorks facility in northern California.

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