Rise of the Guardians News
deadline.com – I can’t remember a time when I’ve heard DreamWorks Animation CEO Jeff Katzenberg sound so down on an earnings call — and it’s mostly due to the red ink for Rise Of The Guardians. Even when an analyst congratulated him for the Oscar he just picked up for his charitable work he said that “we have good days and bad days.” This apparently was one of the latter ones. 1 year 7 weeks ago via jackiechan
deadline.com – The holiday film appears to be a bigger disappointment than Lazard Capital Markets’ Barton Crockett imagined just a few weeks ago. He says today that he expects the studio to take a $96M write-down — more than double the $45M he predicted in mid-December, and close to the $109M that DreamWorks Animation took in 2006 for Flushed Away. 1 year 15 weeks ago via donnieyen
5:31 PM 12/23/2012 by Logan Falk
This last week saw several new releases of varying genres (and, unfortunately, of varying ratings); it is unsurprising, then, that their box office performance is also decidedly varied. Remaining at the top of the charts is The Hobbit: An Unexpected Journey, earning $36.7 million this weekend for an impressive total of over $149.8 million so far (numbers from Box Office Mojo).
6:53 PM 12/16/2012 by Logan Falk
The big release for this weekend—The Hobbit: An Unexpected Journey—made an impressive debut this weekend; although, its initial numbers pale in comparison to some of the other highly-anticipated releases of 2012.
3:49 PM 12/9/2012 by Logan Falk
The past week’s most prominent release, Playing for Keeps, managed to gross $6 million this weekend; which, given that its reception from critics was about as bad as it can be (a 2% on Rotten Tomatoes, which is up from an abysmal 0% rating on Friday), is not too bad.
thewrap.com – "Rise of the Guardians" is projected to lose $50 million for DreamWorks Animation, according to an executive with knowledge of the movie's projections. The company's stock hit a 52-week low on Monday, closing the day down 5 percent at $16.27. In early trading Tuesday, the stock was down slightly from Monday's close. 1 year 19 weeks ago via brucelee
deadline.com – The independent studio’s down 3.1% to $17.49 in jumpy pre-market trading this morning after Rise Of The Guardians‘ $32.6M domestic box office for the five-day Thanksgiving holiday made it, in Janney Capital Markets’ Tony Wible’s words, “one of the most disappointing releases in the company’s history.” If the pre-market stock price holds, then DreamWorks Animation would be down nearly 24% from November 2 when it hit a 52-week high of $22.98 — partly driven by analysts’ optimistic expectations for Guardians. 1 year 20 weeks ago via donnieyen
7:07 PM 11/25/2012 by Logan Falk
Despite a plethora of new releases earlier this week, the majority of box office profits continued to go to some of the more high-profile films currently in theaters -- namely, the last film in the Twilight series.