Thursday, September 19, 2019

RISE OF THE GUARDIANS MAY LOSE NEARLY $100 MILLION

January 3, 2013 by · Leave a Comment 

DreamWorks Animation will suffer a loss of $96 million on Rise of the Guardians, Lazard Capital Markets analyst Barton Crockett predicted in a note to clients on Wednesday. The film, which cost about $145 million to make, has so far earned just $261 million worldwide, half of which goes to theaters and another sizable chunk for distribution and promotional expenses. The poor performance has not affected DWA’s stock, which has held steady at around $16.30. But, said Crockett, “While bulls want to look past this write-off, the risk is that a second flop like ‘Guardians’ could dramatically change sentiment.”