DreamWorks Animation SKG Inc. said on Wednesday it would take a write-down on its ""Flushed Away"" movie that opened earlier this month.

The company also filed a shelf registration for a secondary offering of about $330 million of its Class A common stock to be issued to affiliates of Paul Allen, Lee Entertainment LLC and Viacom Inc.

DreamWorks said it was unable to predict the ultimate size of the write-down, which could be ""material"" and will be booked in the quarter ending December 31.

The extent of the write-down depends on factors such as domestic and international theatrical results, revenues related to worldwide free and pay television, home video sales, and distribution and marketing costs, DreamWorks said.

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'Flushed Away,' released in the United States on November 3, had a domestic box office gross of around $40 million as of November 12.

Regarding the offering, DreamWorks said it allocates shares to original investors, not including founders Jeffrey Katzenberg, David Geffen and Steven Spielberg.

DreamWorks shares were down 54 cents, or 1.91 percent, at $27.67 in early afternoon trade on the New York Stock Exchange.

Source: Reuters"