Alpha Omega is the film no one asked for and no one wanted. Darn straight that it was so cheap to produce that it made back its budget. If it wasn't for the fact that it has a small, but vocal cult fanbase posting terrible screenshots with Comic Sans font slapped on it (something I hate no matter what fanbase) as "original" artwork on DA, I wouldn't say a darn thing.
But speaking in general, the problem with CGI kid's movies is that, sure, we can say Toy Story made a crapload of money, but what stuck out more was that Shrek made a crapcrapload of money. So, by extension it's not that these third-fifth party animation studios wanted to copy Dreamworks not so much Pixar (and Dreamworks was basically just doing this because of Pixar and their 2-D movies were doing only so so to not that great). That's why Ice Age is a 4 movie long (with a fifth on the way of course) franchise. They wanted their own Shrek. Cloudy with a Chance of Meatballs was Sony's Shrek, being more literal of taking a kid's book and trying to build a world on it, being much less successful. Both those film series aren't bad, but they aren't great. It's my personal belief that The Lego Movie was the writing team from Cloudy making the same movie only great, because a lot of it was subversive and tongue in cheek to the tropes Cloudy had. Almost seemed to be a self parody of that movie. But that's another topic all together.
Then you have the other little studios trying to be DW, and you get stuff like AO. Sometimes you'll come across something like Igor which was a pleasant surprise for me, even though the ending was cheesy and tacked on. But you get these little things from random studios that open to low BO, and because they're cheap enough to be DTV's, they make back their budget or at least not lose that much. Fast forward to today and even Dreamworks is struggling. Sure, their last films were based on an obscure book series about bad@## Santa, a film about a Snail that wanted to be an indie car, and a film based on a 1960's cartoon series that isn't even aired anymore when other films based on said cartoon series were huge flops (this movie made back its budget internationally, meaning it's the biggest hit a Jay Ward cartoon film ever had). Then you get to HTTYD2 underperforming domestically, and Penguins of Madagascar released to poor timing. Franchises that were successful enough to get cartoon shows weren't making money. Which makes the fact crap like The Nuthouse making back it's low budget all the more frustrating.
Then you look at how "well" Dorothy returns to Oz did, and there's a sigh of relief.