The studio reports a crushing fourth quarter loss. Story by Matt Cummings Apparently, not everyone loved DreamWorks Animation's Penguins of Madagascar and Mr. Peabody and Sherman as much as we at SJF did. Although both films made nearly $300 million each, it apparently wasn't enough to offset costs related to their production and distribution, prompting the company to take fairly drastic action to stay afloat. On Tuesday, DWA announced not only a fourth quarter loss of $247 million, but also plans to sell/lease their Glendale, CA office, lay off 500 employees, and make changes to their film release strategy. The writing seemed to be on the wall early in 2014, when Mr. Peabody and Sherman opened to lackluster numbers and reviews, something that surprised us but ultimately made some sense. With zero connection to younger audiences, Peabody seemed like a gamble that parents weren't willing to take, even though CinemaScore gave it a very favorable A. When ...