What has four legs, is washable, and represents a glaring contradiction? The exclusive Prince of Egypt plush-toy camel! Five months ago, DreamWorks' Jeffrey Katzenberg was proclaiming that it would be a ''terrible disservice'' to push any gewgaws that would trivialize his company's animated Old Testament epic. ''Think about it,'' he implored a reporter from the Atlanta Journal-Constitution. ''There's no merchandise on The Truman Show or Saving Private Ryan or Titanic. Movies can do extremely well, even if they're not quite as profitable.'' But when the first 5 million copies of the DeMillean 'toon start their exodus from stores Sept. 14, they'll be nestled in shrink-wrap with beanbag camels. What's more, exec Kelly Avery told the trade magazine Video Store, ''After a significant amount of research, we found that the beanbag toy would be most effective in driving immediate sales.'' A spokesperson for DreamWorks responds by citing consumer demand: ''They're not trying to trivialize the camel, or whatever.''


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