DreamWorks Animation LLC (DWA, also known as DreamWorks Animation Studios or simply DreamWorks) is an American animation studio, owned by Comcast's NBCUniversal as part of Universal Pictures, a division of Universal Filmed Entertainment Group. The studio has produced 53 feature films; its first film, Antz, was released on October 2, 1998, and its latest film, Gabby's Dollhouse: The Movie, was released on September 26, 2025. Their upcoming slate of films Forgotten Island on September 25, 2026, the live-action remake of How to Train Your Dragon 2 on June 11, 2027, Shrek 5 on June 30, 2027, Cocomelon: The Movie in 2027, and an untitled film on September 22, 2028.

Formed as a division of DreamWorks Pictures on October 12, 1994 with alumni from Amblin Entertainment's former animation branch Amblimation, it was spun off into a separate company on October 27, 2004. NBCUniversal acquired DreamWorks Animation for $3.8 billion in 2016. The studio initially made some traditionally animated films, as well as three stop-motion co-productions with Aardman Animations, but now exclusively relies on computer animation. However, in 2022, President Margie Cohn stated that the studio is open to traditional animation.

The studio's productions, including The Prince of Egypt, Wallace & Gromit: The Curse of the Were-Rabbit, and the Shrek, Madagascar, Kung Fu Panda, and How to Train Your Dragon franchises, have received various accolades, including three Academy Awards and numerous Annie Awards, as well as multiple Golden Globe and BAFTA nominations. Several of their fiims are also among the highest-grossing animated films of all time, with Shrek 2 (2004) being the highest at the time of its release.

Films produced by DreamWorks Animation were originally distributed by DreamWorks Pictures until 2005. Paramount Pictures took over distribution from 2006 to 2012, and 20th Century Fox (now 20th Century Studios) did the same from 2013 to 2017. Most DWA films from 2019 onward have been released through Universal Pictures, which also owns the rights to its back catalogue.

On October 12, 1994, a trio of entertainment players—film director and producer Steven Spielberg, former Disney executive Jeffrey Katzenberg, and music executive David Geffen—founded DreamWorks SKG (the three letters taken from the surnames of the founders). To build the talent base, Spielberg brought over artists from his London-based studio, Amblimation, while Katzenberg recruited some of the top animation staff from Disney. Some of Amblimation's artists came to DreamWorks in 1995, when the studio's last feature, Balto, was completed, with the rest doing so following the studio's closure in 1997.

In 1995, DreamWorks signed a co-production deal with Pacific Data Images to form subsidiary PDI, LLC (PDI owned 60% of PDI, LLC, while DreamWorks SKG owned 40%). This new unit would produce computer-generated feature films, beginning with Antz in 1998. In the same year, DreamWorks SKG produced The Prince of Egypt, which used both CGI technology and traditional animation techniques.

In 1997, DreamWorks partnered with British stop-motion animation studio Aardman Animations to co-produce and distribute Chicken Run (2000), a stop-motion film already in pre-production with Pathé taking rights in several European territories. Two years later they extended the deal for an additional four films. With Aardman doing stop-motion and the existing traditional and computer productions, they covered all three major styles of animation. This partnership had DreamWorks participating in the production of stop-motion films in Bristol, and also had Aardman participating in some of the CGI films made in the United States.

Three years later, DreamWorks SKG created DreamWorks Animation, a new business division that would regularly produce both types of animated feature films. The same year DW acquired a majority interest (90%) in PDI, and reformed it into PDI/DreamWorks, the Northern California branch of its new business division.