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CROODS’ SUCCESS DRIVES DWA STOCK WAY UP

April 9, 2013 by · Leave a Comment 

Shares of DreamWorks Animation rose 5.2 percent to $19.33 on Monday as reports indicated that overseas ticket sales for The Croods were holding up better than expected. (In the U.K., it held on to first place at the box office for the third week in a row and is now the third biggest grosser of the year.) Also on Monday Lazard Capital Markets analyst Barton Crockett predicted on Monday that the film will likely wind up with around $192 million in domestic sales, up from his original projection of $151 million. It passed the $100 million mark last week and reached $125 million over the weekend. Meanwhile, Evil Dead, had a better-than-expected opening to take first place with $25.8 million, while G.I Joe: Retaliation blasted away with $20.9 million in its second week to bring its ten-day gross to $86.4 million. With the $145.2 million that it has pulled in overseas, the film now has a worldwide gross of $231.6 million. The re-release of Steven Spielberg’s Jurassic Park, enhanced with 3D, also debuted impressively, winding up with $18.6 million. On the same weekend a year ago Titanic in 3D opened with $17.3 million. Hollywood.com box office analyst Paul Dergarabedian noted that IMAX screenings of Jurassic Park accounted for 32 percent of the film’s gross — the highest percentage that IMAX has ever generated for a Hollywood film. Overall, the box office was up 8.8 percent from the same weekend a year ago, when The Hunger Games took the top spot for the third week in a row with $33.1 million.