DreamWorks Animation SKG Inc. said late Tuesday that it had formally ended ties with Aardman Animations, the maker of "Flushed Away," which didn't perform up to expectations.
Industry experts said they expected the Glendale studio to end its relationship after the animated film cost the studio as much as $105 million to $115 million, but raked in only $63 million domestically and $170 million worldwide, according to industry estimates.
"While I will always be a fan and an admirer of Aardman's work, our different business goals no longer support each other," said DreamWorks Chief Executive Jeffrey Katzenberg in a statement.
Aardman also made "Chicken Run" in 2000 and "Wallace & Gromit: The Curse of the Were-Rabbit," in 2005. Both films were underwhelming despite "Wallace & Gromit," which reportedly lost $25 million, winning an Oscar for best animated feature.
Shares in DreamWorks were down 8 cents to $28.14. in midday trading Wednesday.
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