February 27, 2013 |
After the coffee. Before seeing my accountant. The Skinny: I finally got a new BlackBerry. Laugh away, but I like having a keypad. Wednesday's stories include the start of a civil war in the TV business, a look at new Dodgers owner Guggenheim Partners, and DreamWorks taking a big write-down. Daily Dose: The battle among business news channels is heating up. In recent weeks, CNBC bookers (the folks who line up guests) have been telling people they can't come on CNBC if they also go on Fox Business or Bloomberg.
February 26, 2013 |
DreamWorks Animation SKG said it would take an $87-million charge on last year's holiday movie "Rise of the Guardians," marking the largest write-down the studio has ever taken for one of its own movies. Analysts had estimated that the studio would take a write-down of from $70 million to nearly $100 million on the film, which represented a rare box-office misfire for DreamWorks, creator of the popular "Shrek," "Kung Fu Panda" and "Madagascar" films. "Rise of the Guardians," which cost about $145 million to make, has generated $302 million in global box-office ticket sales since its debut in late November, well short of a typical DreamWorks Animation movie.
February 15, 2013 |
DreamWorks Animation SKG is licensing its movie characters for various theme parks being developed in Russia, an increasingly important market for the Glendale-based studio. The creator of the "Shrek," "Madagascar" and "Kung Fu Panda" franchises said it had signed a licensing agreement with Regions Group of Companies, which is developing what is billed as Europe's largest indoor theme parks. Regions says it's the fourth-largest retail property owner in Russia. The parks, scheduled to open in 2015, would be located in St. Petersburg, Moscow and Yekaterinburg and include various attractions based on DreamWorks characters.
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 12, 2013 |
Amid all the "House of Cards" chatter (e.g., 'Hey, Kevin Spacey takes down the 4th wall Ferris Bueller-style!' and "I watched all 13 episodes in five hours"-- ok, that was a stretch ), Netflix has offered another talking point by annoucing its partnership with DreamWorks Animation to produce a children's series. The video streaming service will add to its original programming slate later this year with a series based on the upcoming DreamWorks Animation flick "Turbo," the companies announced Tuesday.
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.
February 5, 2013 |
DreamWorks Animation said Tuesday night that it is pushing back the release date for its animated movie "Mr. Peabody & Sherman" by four months. The Glendale studio said it was changing the release date for the film from Nov. 1 to March 7, 2014, at the recommendation of its distributor, Twentieth Century Fox. As a result of the decision, " Me & My Shadow," which had previously been scheduled for release in March 2014, will go back into development....
February 2, 2013
Disney's "Wreck-It Ralph" was named best animated film of 2012 at the 40th Annie Awards on Saturday evening at UCLA's Royce Hall. Rich Moore also was named best director for the animated comedy about a video game villain who dreams of being a hero, and Alan Tudyk won the Annie for voice acting as King Candy in the box-office hit. Phil Johnston and Jennifer Lee won for their screenplay and Henry Jackman, Skrillex, Adam Young, Matthew Thiessen,...
January 17, 2013 |
Hollywood studios aren't known as easy places to work. But DreamWorks Animation once again has made Fortune magazine's list of the 100 best employers. The Glendale studio behind the "Shrek," "Kung Fu Panda" and "Madagascar" movies ranked 12th in the 2013 list, just above Quicken Loans (which ranked 13th) and semiconductor company Qualcomm (11th). Google once again was ranked No. 1. DreamWorks, with 2,350 employees, was the only Hollywood studio to make the list, which will be released Thursday.
January 2, 2013 |
DreamWorks Animation may end up losing nearly $100 million on its recent holiday release "Rise of the Guardians. " That's the sobering prediction of Lazard Capital Markets analyst Barton Crockett. In a research note on Wednesday, Crockett said he expects the Glendale-based studio will take a $96 million write-down on "Rise of the Guardians," which has been a rare box office flop for DreamWorks. 'Rise of the Guardians,' which cost about $145 million to make, has generated $261 million in global box office ticket sales since its debut in late November, well below that of a typical DreamWorks Animation movie. The movie -- about a group of folk heroes, including the Tooth Fairy and Santa Claus, who join forces to protect children from an evil nemesis -- has yet to open in New Zealand, Poland, Turkey and Japan.