By Lucas Shaw NEW YORK (TheWrap.com) - "Turbo" will turn a profit despite its poor domestic box office performance, DreamWorks Animation CEO Jeffrey Katzenberg told analysts Wednesday. "Based on data to-date, we believe 'Turbo' will be a profitable film for us," Katzenberg said on the company's second quarter earnings call. The $127-million dollar movie opened to just $31.2 million over its first five days, below what the company had expected. Katzenberg blamed increased competition in the animation industry, saying that the number of major animation releases this summer was unprecedented. ...
via Movies News Headlines - Yahoo! News http://news.yahoo.com/jeffrey-katzenberg-says-turbo-profitable-thanks-overseas-222556683.html
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