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DreamWorks Animation

DreamWorks Animation widens loss in the first quarter

DreamWorks Animation SKG Inc. losses widened in the first quarter amid layoffs and other restructuring charges, but the Glendale studio’s prospects have brightened considerably with the success of its latest movie, “Home.” That was the message Chief Executive Jeffrey Katzenberg delivered to Wall Street on Thursday. During a conference call with analysts, Katzenberg singled out the movie’s recent box-office success as evidence of a turnaround at the studio, which has struggled with write-downs from such movies as “Mr. Peabody and Sherman” and “Turbo.” “Home” has done better than many analysts expected, generating $308 million...