'Home' run, licensing fees power DreamWorks blockbuster show

Hollywood studio DreamWorks Animation SKG Inc reported better-than-expected quarterly revenue and profit, helped by the worldwide television release of its movie "Home" and higher licensing fees. Shares of the company, which produced the popular "Shrek" and "Kung Fu Panda" movies, rose 9.2 percent to $23 in after-hours trading on Tuesday. DreamWorks has been reducing its dependence on the volatile feature films business to concentrate on increasing revenue from licensing its original content to media houses and video streaming companies such as Netflix Inc and Verizon Communications Inc's Go90.