Saturday, March 23, 2019

CRUISE ON TOP AGAIN WITH OBLIVION (Updated)

April 22, 2013 by · Leave a Comment 

Tom Cruise, whose career had seemed to be heading in the direction of oblivion, got a massive boost over the weekend when Oblivion, his latest movie, opened with an estimated $38 million, his best opening since Mission: Impossible 3 opened with $47 million in 2006. The result exceeded most analysts’ expectations. However, Oblivion received only […]

DREAMWORKS ANIMATION TEETERS

February 7, 2013 by · Leave a Comment 

The studio that brought you Shrek had a day on Wall Street that could be likened to dreck. Stock in DreamWorks Animation tumbled 3.8 percent to $16.75 — a tad above its 52-week low of $16.04 — following downgrades by analysts concerned about the studio’s announcement earlier in the day that it will be unable […]

PARAMOUNT MOVIES COMING TO CHINA TV

January 24, 2013 by · Leave a Comment 

China’s BesTV New Media, which delivers premium content to subscribers’ television sets via an Internet-connected settop box, has signed a deal with Paramount for the rights to some of its classic films “as well as new releases.” In an announcement today (Thursday), the company said that the first films to be carried on its IPRV […]

THE BEST PLACE TO WORK IN HOLLYWOOD

January 17, 2013 by · Leave a Comment 

On Fortune magazine’s annual list of the nation’s 100 best employers, released today (Thursday), only one Hollywood studio was included: DreamWorks Animation. The Jeffrey Katzenberg-led company, with 2,350 employees, has made the list, which is compiled in cooperation with the Great Places to Work Institute, for the past five years. This year it ranked 12th, […]

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 […]

DREAMWORKS ANIMATION’S STOCK FALLS ON RISE OF THE GUARDIANS‘ SO-SO DEBUT

November 27, 2012 by · Leave a Comment 

The disappointing box-office performance of DreamWorks Animation’s Rise of the Guardians was reflected on Wall Street on Monday as the company’s shares dropped about 5 percent. Nevertheless, today’s (Tuesday) New York Times suggested, it could have been worse. Guardians may only have taken in $32.3 million over the five-day holiday, but when DWA’s How to […]

DREAMWORKS ANIMATION TO LAUNCH ITS OWN CABLE NETWORK

November 2, 2012 by · 1 Comment 

The Disney Channel, Nickelodeon, and the Cartoon Network may soon have a new rival — a channel run by DreamWorks Animation. In a conference call on Thursday, DreamWorks Animation chief Jeffrey Katzenberg said that the company is in “active discussions” about launching its own cable network. In the meantime, DWA is busy selling TV shows […]

DREAMWORKS ANIMATION UNVEILS SLATE OF THREE FILMS A YEAR

September 10, 2012 by · Leave a Comment 

For most studios, turning out even one animated film a year keeps their crews scrambling like so many sorcerer’s apprentices. But DreamWorks Animation has announced a new slate of three films a year for the next four years — with four in 2015. They include two sequels to How to Train Your Dragon, a sequel […]

DREAMWORKS ANIMATION JUMPS FROM PARAMOUNT TO FOX

August 21, 2012 by · Leave a Comment 

DreamWorks Animation has a new distributor: 20th Century Fox. The deal, which in effect unites Jeffrey Katzenberg’s studio with Fox’s Blue Skies division — its latest release, Ice Age: Continental Drift, has thus far earned $797.4 million worldwide — makes Fox an animation powerhouse. In a statement, Katzenberg said that his studio will benefit in […]

DOWNTURNS AT CABLE, FILM HIT VIACOM

August 3, 2012 by · Leave a Comment 

Sumner Redstone, the chairman of CBS and Viacom, got good news and bad about his two media companies on Thursday. On the one hand, CBS reported record profits in the last quarter; on the other hand, Viacom’s profits sank. The blow to Redstone’s older and larger media conglomerate might have been less troubling had its […]

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