DreamWorks Animation SKG Inc., the maker of “Shrek” movies, will produce more movies annually to increase revenue from theaters, television and licensing.

The company, which typically produces two films a year, will make three movies in 2010 including “Shrek Forever After,” and will have the same number of releases in 2012, Chief Executive Officer Jeffrey Katzenberg said today at Cowen & Co. investor conference in New York.

The additional movies will also help increase the company’s home video, stage and merchandise businesses, Katzenberg said.

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