UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

DreamWorks Animation SKG, Inc.

(Name of Issuer)

Class A Common Stock (par value $.01 per share)

(Title of Class of Securities)

26153 10 3

(CUSIP Number)

December 31, 2007

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

	o	Rule 13d-1(b)
	o x	Rule 13d-1(c) Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 56509R108

Page 2 of 9 Pages

SCHEDULE 13G

1	NAME OF REPORTING PERSON I.R.S. INDENTIFICATION NO. OF ABOVE PERSON DAVID GEFFEN

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x
(b) o

3	SEC USE ONLY

4	CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

6

7

8

SOLE VOTING POWER

-0-

SHARED VOTING POWER

18,232,128 (1)

SOLE DISPOSITIVE POWER

-0-

SHARED DISPOSITIVE POWER

18,232,128 (1)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,232,128 (1)

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.6% (2)

12	TYPE OF REPORTING PERSON IN

CUSIP No. 56509R108

Page 3 of 9 Pages

SCHEDULE 13G

1	NAME OF REPORTING PERSON I.R.S. INDENTIFICATION NO. OF ABOVE PERSON DG-DW, L.P.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x
(b) o

3	SEC USE ONLY

4	CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

6

7

8

SOLE VOTING POWER

-0-

SHARED VOTING POWER

18,232,128 (1)

SOLE DISPOSITIVE POWER

-0-

SHARED DISPOSITIVE POWER

18,232,128 (1)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,232,128 (1)

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.6% (2)

12	TYPE OF REPORTING PERSON PN

CUSIP No. 56509R108

Page 4 of 9 Pages

SCHEDULE 13G

1	NAME OF REPORTING PERSON I.R.S. INDENTIFICATION NO. OF ABOVE PERSON DG-DW, INC.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x
(b) o

3	SEC USE ONLY

4	CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

6

7

8

SOLE VOTING POWER

-0-

SHARED VOTING POWER

18,232,128 (1)

SOLE DISPOSITIVE POWER

-0-

SHARED DISPOSITIVE POWER

18,232,128 (1)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,232,128 (1)

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.6% (2)

12	TYPE OF REPORTING PERSON CO

CUSIP No. 56509R108

Page 5 of 9 Pages

SCHEDULE 13G

(1) Mr. Geffen and entities controlled by him (including DG-DW, L.P., (“DG-DW”) and DG-DW, Inc., the general partner of DG-DW) (such entities, together with Mr. Geffen, being herein referred to as the “Geffen Stockholders”) are parties to two separate stockholder agreements governing the voting and disposition of all shares of common stock of DreamWorks Animation SKG, Inc. (the “Company”) held of record by the respective parties thereto and certain entities controlled by them. These stockholder agreements are (i) the Stockholder Agreement, dated as of October 27, 2004 (the “Vulcan Stockholder Agreement”), among the Company, DWA Escrow LLLP (“DWA Escrow”), which was dissolved on December 28, 2007, Jeffrey Katzenberg and entities controlled by him (including M&J K Dream Limited Partnership (“M&J K Dream”), M&J K B Limited Partnership (“M&J K B”), The JK Annuity Trust, The MK Annuity Trust, and Katzenberg 1994 Irrevocable Trust (such entities, together with Mr. Katzenberg, being herein referred to as the “Katzenberg Stockholders”)), Mr. Geffen and DG-DW, DW Investment II, Inc. (“DWI II”) and Paul Allen; and (ii) the Stockholder Agreement, dated as of October 27, 2004 (the “Class B Stockholder Agreement”), among DWA Escrow, the Katzenberg Stockholders, Mr. Geffen and DG-DW.

The aggregate share number indicated above reflects the total of the number of shares of the Company's common stock held of record by (i) each of the parties to the Vulcan Stockholder Agreement, and (ii) each of the parties to the Class B Stockholder Agreement. The total of 18,232,128 shares includes:

•

16,000 shares of Class A Common Stock and 5,145,730 shares of Class B Common Stock held of record by David Geffen, DG-DW, and DG-DW, Inc.;

•

618,571 shares of Class A Restricted Stock, 373,000 shares of Class A Common Stock and 7,838,731 shares of Class B Common Stock held of record by Jeffrey Katzenberg, M&J K B and M&J K Dream; and

•

4,240,096 shares of Class A Common Stock held of record by DWI II, an entity controlled by Paul Allen.

The Geffen Stockholders expressly disclaim beneficial ownership of all shares of the Company's common stock owned by all other parties to the Vulcan Stockholder Agreement and the Class B Stockholder Agreement, and the inclusion of such shares in this report shall not be deemed an admission of beneficial ownership of any of the reported shares for purposes of Sections 13(d) or 13(g) of the Securities Exchange Act of 1934 or for any other purpose.

(2) Based on 84,326,626 shares of Class A Common Stock outstanding per the Company’s Form 10-Q for the quarterly period ended September 30, 2007. In addition, for purposes of this calculation, the aggregate of 12,984,461 shares of Class B Common Stock held of record by M&J K B, M&J K Dream and DG-DW have been deemed to be outstanding shares of Class A Common Stock in accordance with Rule 13d-3(d)(1) of the Securities Exchange Act of 1934. Shares of Class B Common Stock are immediately convertible into shares of Class A Common Stock on a one-for-one basis and do not expire.

CUSIP No. 56509R108

Page 6 of 9 Pages

SCHEDULE 13G

Item 1(a).

Name of Issuer:

DREAMWORKS ANIMATION SKG, INC.

Item 1(b).

Address of Issuer’s Principal Executive Offices:

1000 FLOWER STREET

GLENDALE, CA 91201

Item 2(a).

Name of Persons Filing:

DAVID GEFFEN

DG-DW, L.P.

DG-DW, INC.

Item 2(b).

Address of Principal Business Office or, if none, Residence:

DAVID GEFFEN

C/O DG-DW, L.P.

12011 SAN VICENTE BLVD., SUITE 606

LOS ANGELES, CA 90049

DG-DW, L.P.

12011 SAN VICENTE BLVD., SUITE 606

LOS ANGELES, CA 90049

DG-DW, INC.

C/O DG-DW, L.P.

12011 SAN VICENTE BLVD., SUITE 606

LOS ANGELES, CA 90049

Item 2(c).

Citizenship:

See row 4 of each Reporting Person’s cover page.

Item 2(d).

Title of Class of Securities:

CLASS A COMMON STOCK, PAR VALUE $.01 PER SHARE

Item 2(e).

CUSIP Number:

26153 10 3

Item 3.

NOT APPLICABLE. THIS SCHEDULE 13G IS FILED

PURSUANT TO RULE 13D-1(D).

CUSIP No. 56509R108

Page 7 of 9 Pages

SCHEDULE 13G

Item 4.

Ownership

For each Reporting Person:

(a).

Amount beneficially owned:

SEE THE RESPONSE TO ITEM 9 ON THE ATTACHED COVER PAGE.

(b).

Percent of Class:

SEE THE RESPONSE TO ITEM 11 ON THE ATTACHED COVER PAGE.

(c).

Number of shares as to which such person has:

(i). Sole power to vote or to direct the vote: SEE THE RESPONSE TO ITEM 5 ON THE ATTACHED COVER PAGE.

(ii). Shared power to vote or to direct the vote: SEE THE RESPONSE TO ITEM 6 ON THE ATTACHED COVER PAGE.

(iii). Sole power to dispose or to direct the disposition of: SEE THE RESPONSE TO ITEM 7 ON THE ATTACHED COVER PAGE.

(iv). Shared power to dispose or to direct the disposition of: SEE THE RESPONSE TO ITEM 8 ON THE ATTACHED COVER PAGE.

Item 5.

Ownership of Five Percent or Less of a Class

IF THIS STATEMENT IS BEING FILED TO REPORT THE FACT THAT AS OF THE DATE HEREOF THE REPORTING PERSON HAS CEASED TO BE THE BENEFICIAL OWNER OF MORE THAN FIVE PERCENT OF THE CLASS OF SECURITIES, CHECK THE FOLLOWING o.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

NOT APPLICABLE

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

NOT APPLICABLE

CUSIP No. 56509R108

Page 8 of 9 Pages

SCHEDULE 13G

Item 8.

Identification and Classification of Members of the Group

THE FOLLOWING SHAREHOLDERS ARE MEMBERS OF A GROUP BASED ON VOTING AND DISPOSITION ARRANGEMENTS IN A STOCKHOLDER AGREEMENT (THE “VULCAN STOCKHOLDER AGREEMENT”), DATED AS OF OCTOBER 27, 2004:

JEFFREY KATZENBERG

M&J K DREAM LIMITED PARTNERSHIP

M&J K B LIMITED PARTNERSHIP

THE JK ANNUITY TRUST

THE MK ANNUITY TRUST

KATZENBERG 1994 IRREVOCABLE TRUST

DAVID GEFFEN

DG-DW, L.P.

PAUL ALLEN

DW INVESTMENT II, INC.

THE FOLLOWING SHAREHOLDERS ARE MEMBERS OF A GROUP BASED ON VOTING AND DISPOSITION ARRANGEMENTS IN A STOCKHOLDER AGREEMENT (THE “CLASS B STOCKHOLDER AGREEMENT”), DATED AS OF OCTOBER 27, 2004:

JEFFREY KATZENBERG

M&J K DREAM LIMITED PARTNERSHIP

M&J K B LIMITED PARTNERSHIP

THE JK ANNUITY TRUST

THE MK ANNUITY TRUST

KATZENBERG 1994 IRREVOCABLE TRUST

DAVID GEFFEN

DG-DW, L.P.

Item 9.

Notice of Dissolution of Group

NOT APPLICABLE

Item 10.

Certifications

NOT APPLICABLE

CUSIP No. 56509R108

Page 9 of 9 Pages

SCHEDULE 13G

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2008

		DAVID GEFFEN,
			/s/ David Geffen
			Name: David Geffen

DG-DW, L.P.,

By:

/s/ Richard Sherman

Name: Richard Sherman

Title: Chief Financial Officer

DG-DW, INC.,

By:

/s/ Richard Sherman

Name: Richard Sherman

Title: Chief Financial Officer