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(Reuters) Movie studio DreamWorks Animation SKG Inc Canada Goose Online reported its first quarterly loss in almost six years as it wrote down canada goose coats on sale $165 million related to the weak box office performance of of the Guardians and its decision to delay another film.

Canada Goose Jackets A scene buy canada goose jacket cheap from “Rise of the Guardians”. REUTERS/DreamWorks Canada Goose Jackets

cheap Canada Goose The company also said it plans to cut jobs as it seeks to reduce costs. About 350 employees will leave over the course canada goose of the year as part of a restructuring, Chief Financial Officer Lew Coleman told analysts on a conference call. Most will be in production groups, he said. cheap Canada Goose

DreamWorks shares, which have fallen about 7 percent in the last three months, were down 3 canada goose uk outlet percent in after market trading on Tuesday. They closed at $16.61 on the Nasdaq.

canada goose The animation studio behind the hugely successful and Fu Panda franchises had hoped its fourth quarter would be driven by strong performance of the of the Guardians from Thanksgiving to the Christmas holidays. canada goose

DreamWorks said it wrote down about $87 million in costs related to the movie, an animated adventure fantasy featuring the voices of Alec Baldwin, Hugh Jackman Canada Goose Outlet and Jude Law.

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canadian goose jacket The film, which released in November, grossed $302.3 million at the worldwide box office. It contributed only 2 percent to DreamWorks total revenue in the fourth quarter. The movie cost roughly $145 canada goose clearance sale million to produce, according to the Box Office Mojo website, plus tens of canada goose factory sale millions more to market. The studio shares box office revenue with theater owners. canadian goose jacket

buy canada goose jacket Rise of the Guardians did not achieve the level of box office success that we have come to expect from a DreamWorks Animation film, we have made several changes Canada Goose Jackets to our future slate, Chief Executive Jeffrey Katzenberg said in a statement. buy canada goose jacket

canada goose black friday sale The film was the last distributed by Paramount for DreamWorks. The studio canada goose black friday sale films will now be distributed by News Corp Fox studio. canada goose black friday sale

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canada goose coats The movie not where it needs to be at this stage of production, Katzenberg said on the call with analysts. canada goose coats

DreamWorks did not provide any future schedule for the film.

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DreamWorks next film, Croods, is slated to release on March Canada Goose sale 22. The comedy adventure tracks a prehistoric family on a road trip and features voices of Nicholas canada goose uk shop Cage and Ryan Reynolds, among others.

Canada Goose sale The company said its full year 2013 results are expected to be driven primarily by the performance of Croods, and which is scheduled to release on July 19. Canada Goose sale

Canada Goose Parka majority of these films profit will not occur until the Canada Goose online second half of the year, specifically in the fourth quarter, Coleman said. Canada Goose Parka

canada goose store The continued success of 3: Europe Most Wanted, primarily from home entertainment and international box office, contributed about 36 percent to fourth quarter revenue. canada goose store

canada goose coats on sale The net loss canadian goose jacket was $82.7 million, or 98 cents per share, in the fourth quarter, compared with a profit of $24.3 million, or 29 cents per share, a year earlier. canada goose coats on sale

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