Dreamworks Exits 2D Animation Industry

Quoting the IMDB:

Saying that the studio is “extremely disappointed” by the poor box-office performance of Sinbad: Legend of the Seven Seas, DreamWorks animation chief Ann Daly has told the New York Times that the film will be the studio’s last hand-drawn animation feature. Sinbad, which reportedly cost $70 million to produce, has earned only $23.3 million since its opening on July 2. DreamWorks principal Jeffrey Katzenberg, who built his reputation by supervising some of Disney’s biggest animation hits, suggested that the conventional “2-D” form of animating movies may now be obsolete. “I think the idea of a traditional story being told using traditional animation is likely a thing of the past,” he told the Times.

Source: Anime News Service