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URGENT: Video shows beheading of second American journalist

DUBAI (Reuters) - The Islamic State militant group released a video purporting to show the beheading of U.S. hostage Steven Sotloff, the SITE monitoring service reported on Tuesday. A masked figure in the video also issued a threat against a British hostage, a man the group named as David Haines, and warned governments to back off "this evil alliance of America against the Islamic State", the monitoring service said. (Reporting by William Maclean, Editing by Angus MacSwan)

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Dreamworks sees annual TV revenue growing to $200 million by 2015

LOS ANGELES (Reuters) - Dreamworks Animation expects revenue from its expanding television business to reach $100 million this year and to rise to $200 million annually by 2015, Chief Executive Jeffrey Katzenberg said on Tuesday.

The television business will generate gross profit margins around 30 percent, Katzenberg told analysts one day after the company announced a TV production deal with Netflix Inc

(Reporting by Lisa Richwine)

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