DREAMWORKS ANIMATION’S STOCK FALLS ON RISE OF THE GUARDIANS‘ SO-SO DEBUT
November 27, 2012 by admin · 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 JUMPS FROM PARAMOUNT TO FOX
August 21, 2012 by admin · 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 […]
IS THE DREAM FOR DREAMWORKS ANIMATION OVER?
July 7, 2011 by admin · Leave a Comment
Jeffrey Katzenberg may soon begin looking for a new home for his DreamWorks Animation Co. Published trade and newspaper reports indicate that Paramount plans to develop its own animation studio and cap production costs at $100 million and that it no longer needs the kind of distribution deal it currently has with DWA, in which […]
ANALYST TO DREAMWORKS ANIMATION SHAREHOLDERS: SELL
June 1, 2011 by admin · Leave a Comment
Although Kung Fu Panda took in a decent if unimpressive $60.9 million over the weekend, BTIG analyst Richard Greenfield lowered his 2011 and 2012 for DreamWorks Animation’s stock performance and reiterated his “sell” recommendation. In a note to clients, Greenfield said, “Despite Kung Fu Panda 2 being in 3D this past weekend, its first five-day […]
CABLE NETWORKS PUT VIACOM BACK IN THE BLACK
April 29, 2011 by admin · Leave a Comment
With ad revenue at its cable networks up 12 percent in its second quarter, Viacom on Thursday reported higher-than-expected profits of $39 million. A year ago, it reported an $83-million loss for the same quarter. Each of the media company’s principal networks, including MTV, VH1, Nickelodeon and BET, reported strong earnings. The company in particular […]
SHREK’S TOUGHEST CRITIC: WALL STREET
May 25, 2010 by admin · Leave a Comment
Less-than-stellar box-office results for the opening of Shrek Forever After sent shares of DreamWorks Animation falling 11 percent on Monday. It was a repeat of what occurred in March when DWA’s How to Train Your Dragon also opened below predictions. That film, however, displayed strong legs (it has remained among the top ten for the […]
