DreamWorks Animation announced Thursday that it will release five feature films every two years, adding an additional film every other year to its existing two picture-a-year release schedule going forward.
The upcoming slate of animated feature film releases through 2012 was also unveiled: there will be eight feature films — five original and three sequels to the "Shrek," "Madagascar" and "Kung Fu Panda" franchises. All will be offered in 3D.
DreamWorks already has three films slated for next year, and CEO Jeffrey Katzenberg told the Cowen and Co Technology Media and Telecom Conference that he expected to see a 5 to 10 percent improvement in production costs, which average $130 million per film plus $15 million to convert the film to 3D.