DreamWorks Animation Acquires 'Master Mind,' to Be Developed and Produced With Ben Stiller's Red Hour Films

    GLENDALE, Calif., April 3 /CNW/ -- DreamWorks Animation (NYSE:   DWA) today
announced the acquisition of writers Alan Schoolcraft & Brent Simons'
superhero send-up "Master Mind," which was brought to the company by Lara
Breay at Red Hour Films, the production entity of producing partners Ben
Stiller and Stuart Cornfeld.  Red Hour will collaborate with DreamWorks
Animation in developing and producing the project.
    DreamWorks Animation veterans Cameron Hood and Kyle Jefferson are
attached to make their feature film directorial debut with "Master Mind." 
Their 2006 animated short film "First Flight" charmed audiences and critics
groups alike. "Master Mind" will mark the first time Stiller collaborates with
DreamWorks Animation in a production capacity, having previously voiced Alex
the lion in the global hit "Madagascar" and in the upcoming "Madagascar: The
Crate Escape."  Schoolcraft & Simons will write the film, with DreamWorks
Animation's Chris Kuser and Red Hour's Lara Breay overseeing development.
    "Master Mind" is a satirical send-up of the superhero genre, built around
the story of a super villain who loses his joie de vivre after accidentally
killing his archrival, Uberman, in the opening scene of the movie.
    Red Hour's Ben Stiller commented, "Stuart and Lara and I are really
excited to be working with DreamWorks Animation on this project.  We all think
the script is really smart and really funny.  They have put the film on the
fast track, which in animation terms means it will be coming out in the next
15 to 20 years."
    DreamWorks Animation C.E.O. Jeffrey Katzenberg added, "We are looking
forward to collaborating again with Ben, this time on the production side of
things.  His creativity and signature sense of humor will lend itself
perfectly to this project.  As for Cameron Hood and Kyle Jefferson, they are
two valued members of our DreamWorks Animation family.  Their short 'First
Flight' was such a beautiful, original piece, and we believe the promise it
showed will be on full display in 'Master Mind.'"
    Writers Schoolcraft and Simons are represented by Dan Rabinow at ICM. 
Red Hour is repped by UTA's Sharon Sheinwold, and directors Hood and Jefferson
by the William Morris Agency and Management 360.
    Cameron Hood and Kyle Jefferson made their animation directing debut with
"First Flight."  Both natives of Toronto and graduates of Sheridan College in
Ontario, they began their professional careers together at DreamWorks working
on the epic film, "The Prince of Egypt."  Hood and Jefferson continued at the
studio, contributing to a variety of animated films such as: "The Road to El
Dorado," "Spirit: Stallion of the Cimarron," "Shrek," "Sinbad: Legend of the
Seven Seas" and "Shark Tale."  Prior to working on "Sinbad" and "Shark Tale,"
they each took a brief hiatus from DreamWorks to pursue other passions.
Jefferson worked closely with director Michael Bay building action scene
pre-visualizations for "Pearl Harbor."  Hood worked as an animator on Sony
Imageworks' "Stuart Little 2," while also teaching at the Gnomon School of
Visual Effects where he currently hosts their best-selling character animation
lecture series.

    About Red Hour Films
    Red Hour Films is a unique production company dedicated to discovering
new writers and filmmakers and developing projects with a mainstream
sensibility. In 2001, the company launched its first effort, "Zoolander," the
hit film based on a male model character Stiller co-created for the VH-1
Fashion Awards.  Since then the company has had a string of successes most
notably with the box office smash "Dodgeball: A True Underdog Story" directed
by newcomer Rawson Marshall Thurber and starring Stiller and Vince Vaughn, and
"Starsky and Hutch," directed by Todd Phillips starring Stiller and Owen
Wilson, the Jack Black and Kyle Glass vehicle, "Tenacious D in the Pick of
Destiny" and "Blades of Glory," starring Will Ferrell and Jon Heder.

    About DreamWorks Animation SKG
    DreamWorks Animation SKG (NYSE:   DWA) is devoted to producing high-quality
family entertainment through the use of computer-generated (CG) animation.
Utilizing world-class creative talent and state-of-the-art technological
capabilities, the company is committed to making two computer-animated feature
films a year that appeal to a broad movie-going audience.

    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.

For further information:

For further information: Fumi Kitahara, +1-818-695-6055, for DreamWorks 
Animation SKG Web Site: http://www.dreamworksanimation.com/

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