DreamWorks Animation SKG, Inc. (DWA) is an American animation studio based in Glendale, California that creates animated feature films, television programs and online virtual worlds. The studio has released a total of 31 feature films, including the franchises of Shrek, Madagascar, Kung Fu Panda, How to Train Your Dragon, Monsters vs. Aliens and The Croods. As of November 2014, its feature films have grossed $13 billion worldwide, with a $419 million average gross per film. Shrek 2 and Shrek the Third are among the 50 highest-grossing films of all time, and fifteen of the films are among the 50 highest-grossing animated films, with Shrek 2 being the sixth all-time highest. Although the studio also made traditionally animated films in the past, as well as a co-production with Aardman Animations, all of their films now use computer animation. The studio has so far received three Academy Awards, as well as 22 Emmy and numerous Annie Awards, as well as multiple Golden Globe & BAFTA nominations. In recent years, the animation studio has acquired and created new divisions in an effort to diversify beyond the high-risk movie business.