**Exhibit 10.50**

FIRST AMENDMENT, dated as of February 23, 2007 (this “Amendment”), to the CREDIT AGREEMENT, dated as of October 27, 2004 (the “Credit Agreement”), among DREAMWORKS ANIMATIONSKG, INC., a Delaware corporation (“DW Animation”), the several banks and other financial institutions from time to time parties to the Credit Agreement, certain other parties and JPMORGAN CHASE BANK, N.A., as Administrative Agent(in such capacity, the “Administrative Agent”). Terms defined in the Credit Agreement shall be used in this Amendment with their defined meanings unless otherwise defined herein. 

WITNESSETH: 

WHEREAS, DW Animationhas requested that the Lenders enter into this Amendment; and 

WHEREAS, each of the parties hereto is willing to enter into this Amendmenton the terms and subject to the conditions set forth herein; 

NOW, THEREFORE, in consideration of the premises and for other good andvaluable consideration the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 

I.AMENDMENT TO CREDIT AGREEMENT. 

1. Amendment to Section 7.4. Section 7.4 of the Credit Agreement is hereby amended by(i) adding the parenthetical “(collectively, “Restricted Payments”)” immediately before “, provided” and (ii) adding the following clause (c) to the end thereof: 

“and (c) to make other Restricted Payments so long as, after giving pro forma effect thereto, the sum of (i) the excess, if any, of(x) the lesser of (1) Borrowing Availability (determined without giving effect to clause (d) of the definition thereof) and (2) the aggregate Commitments over (y) Facility Exposure and (ii) DW Animation’saggregate unencumbered (other than pursuant to Liens under the Loan Documents) cash on hand equals at least $400,000,000”. 

II.MISCELLANEOUS. 

1. No Change. Except as expressly provided herein, no term or provision of the Credit Agreement shall be amended,modified or supplemented, and each term and provision of the Credit Agreement shall remain in full force and effect. 

2.Effectiveness. This Amendment shall become effective upon receipt by the Administrative Agent of (a) counterparts hereof duly executed by DW Animation and the Required Lenders and (b) a consent fee payable by DW Animation to eachLender consenting to this Amendment by 5:00 P.M., New York time, on February 22, 2007, in an amount equal to 0.025% of such Lender’s Commitment. 

3. Counterparts. This Amendment may be executed by the parties hereto in any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the sameinstrument. 

****4. **GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDERTHIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.**

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered bytheir proper and duly authorized officers as of the day and year first above written. 

 
DREAMWORKS ANIMATION SKG, INC.By: 
/s/ Kristina M. Leslie
Name: Kristina M. LeslieTitle: Chief Financial Officer
JPMORGAN CHASE BANK, N.A.,as Administrative Agent and as a LenderBy: 
/s/ Clark Hallren
Name: Clark HallrenTitle: Managing Director