CANNES, France -- The Shrek franchise will end with Shrek 5, DreamWorks animation head Jeffrey Katzenburg said yesterday as he prepared for the release of Shrek the Third today.

"There is a misconception here," the studio executive said of the original idea for Shrek, a story which he knew could never be told in just one movie.

"We actually thought there were four chapters to the story. But there was too much to get done in the last two so actually there are five chapters. It is finite. The final chapter answers the story about Shrek and how did he come to be in that swamp. Once you're there, once you've done that, I think it's complete. We will have told the Shrek story."

But Puss In Boots will have a spin-off movie, Katzenburg said. "He's going to go off on his own and we're going to do the Puss origin story."

Meanwhile, Bee Movie -- the animated flick that brought Katzenburg to Cannes -- is a one-off with no sequel planned. The challenge with it is to make it interesting to the world and not just North America, Katzenburg said. That is why DreamWorks staged the Cannes promotion stunt with Jerry Seinfeld.

"If you think about it, Jerry Seinfeld is as big a celebrity as exists in the English-speaking part of the world," Katzenburg said. "But there's a very large part of the world (where) they don't know him. So they do now!"

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