June 19, 2013 |
With the freshly-announced deals to produce animated television shows for Netflix and Germany's leading children's TV channel, DreamWorks Animation is well on the way to reinventing itself as a multifaceted media company. That's the message Chief Executive Jeffrey Katzenberg is imparting to Wall Street in the wake of the company's television deals with Netflix and Super RTL . "We're now on a path to becoming the biggest producer and distributor of high quality TV programming on a global basis," Katzenberg said in a conference call with analysts Tuesday. "DreamWorks is increasingly shifting from an animated film company into a multifaceted entertainment company.
July 22, 2013 |
Shares of DreamWorks Animation fell more than 7% Monday after analysts said the company could face a write-down after animated film "Turbo" had a disappointing opening weekend at the box office. "Turbo," which features the voice of Ryan Reynolds as a snail with dreams of winning the Indy 500, had a sluggish debut, bringing in $21.5 million over its first weekend in release . Piper Jaffray analyst James Marsh, who has a "neutral" rating...
July 31, 2013 |
With the help of some cavemen, DreamWorks Animation delivered stronger than anticipated profits in the second quarter. The Glendale-based company reported net income of $22.2 million, or $0.26 a share, on revenues of $213.4 million during the quarter ended June 30. That's well above the net income of $12.8 million, or $0.15 per share, and revenue of $162.8 million, during the same period a year ago. The results easily exceeded the 20...
February 12, 2013 |
DreamWorks Animation will create the first Netflix original series for kids -- a show based on next summer's animated film "Turbo. " The new series, "Turbo: F.A.S.T. " -- short for "Fast Action Stunt Team" -- is to debut in December in the United States and the 39 other countries where Netflix offers its online subscription service. The program will continue the animated exploits of the movie's snail hero, Turbo, who in the film pursues the improbable dream of competing in the Indianapolis 500. "Netflix boasts one of the largest and fastest-growing audiences in kids' television," DreamWorks Animation Chief Executive Jeffrey Katzenberg said in a statement.
February 6, 2013 |
DreamWorks Animation SKG Inc., the Glendale-based entertainment company led by Hollywood film veteran Jeffrey Katzenberg, is expected to lay off up to 20% of its 2,200-employee workforce, following a decision to shelve production of the movie "Me and My Shadow. " The animation industry giant, home of the animated "Shrek," "Kung Fu Panda" and "Madagascar" films, also said it was changing the release date for its movie "Mr. Peabody & Sherman" from Nov. 1 to March 7, 2014, at the recommendation of its new distributor, 20th Century Fox. As a result of the decision, "Me and My Shadow," which had been scheduled for release in March 2014, will suspend production and go back into development.
August 1, 2013 |
After the coffee. Before figuring out a vacation. The Skinny: Another day inside the Beverly Hilton at the TV press tour. There are worse fates in life. Thursday's headlines include lots of earnings results (DreamWorks Animation, CBS, Sony) and some big cast changes coming to NBC's "Parks & Recreation. " Daily Dose: During NBC's press tour, Jennifer Salke, the network's entertainment president, said networks can't afford to be patient anymore with TV shows that are not successes right out of the box. Good thing cable doesn't feel that way. The latest season of "Breaking Bad," which premieres later this month, has more than doubled its audience since its 2008 premiere and lowered its median age from 45.7 to 40.5, according to Brad Adgate, a research executive at Horizon Media.
August 21, 2012 |
After the coffee. Before finding out why I haven't been asked to join Augusta yet. The Skinny: My cats want to become outdoor cats. I made the mistake of letting them wander around while I get my newspaper and now they are convinced there is a whole other world to explore. Don't they know that's the bad world? Tuesday's headlines include a new deal for DreamWorks Animation, NBC lands Michael J. Fox and appreciations of Tony Scott and Phyllis Diller. Daily Dose: There is a lot movement on the public relations front.
July 7, 2011 |
As Paramount Pictures moves to create an in-house animation division, its longtime partner DreamWorks Animation will be looking for a new home. With the expiration of the studios' distribution agreement looming at the end of 2012, the relationship between the two companies has become increasingly strained over financial issues including how much DreamWorks would pay Paramount to release its films. On Wednesday, it became apparent that negotiations had broken down and that the companies would almost certainly be going their separate ways, ending a partnership that began in 2006 when Paramount acquired DreamWorks Animation's live-action sibling studio, DreamWorks SKG. To emphasize the schism, Paramount, owned by Viacom Inc., announced that it planned to start making its own slate of animated movies beginning in 2014.
May 1, 2013 |
After the coffee. Before a long morning of earnings calls. The Skinny: I got through the season finale of "The Following" last night. It wasn't easy. Fortunately, afterward I watched the premiere of Comedy Central's "Inside Amy," which was a tad raunchy but had its moments. Wednesday's stories include a look at the likely next chairman of the Federal Communications Commission and quarterly results from Viacom, Time Warner and Comcast. If you are interested in receiving an email alert when the Morning Fix is live please send me a note . Daily Dose: AMC did something a little different this past Sunday.
October 25, 2011 |
DreamWorks Animation, the studio behind "Shrek," "Kung Fu Panda" and this week's "Puss in Boots," is taking its first step to possibly go it alone. The Glendale-based studio has tapped respected distribution veteran Chuck Viane to advise the company on a range of distribution options, including the viability of releasing its own movies or finding a new studio to do the job. "In the next six to nine months we have a very important decision to make in terms of our future distribution," DreamWorks Animation Chief Executive Jeffrey Katzenberg said.