July 13, 2012 |
DreamWorks Animation has decided not to distribute its own films after its longtime deal with Paramount Pictures expires this fall, and it may strike a new pact with Sony Pictures, according to people close to the negotiations not authorized to speak publicly. The Glendale-based studio behind the “Shrek” and “Kung Fu Panda” movies must find a new distribution partner quickly. Its last film under the Paramount deal, “Rise of the Guardians," hits theaters on Nov. 12. The publicly held DreamWorks does not yet have a distributor for “The Croods,” set to come out in March, and for "Turbo," scheduled for next July.
March 5, 2012 |
"Dr. Seuss' The Lorax" posted the biggest opening of the year at the box office over the weekend, evidence that moviegoers were eager for a family film. The animated 3-D environmental tale greatly exceeded industry expectations, raking in $70.7 million, according to an estimate from distributor Universal Pictures. Meanwhile, the weekend's other new release, a polar opposite for families, the R-rated party flick "Project X," collected a healthy $20.8 million. As a result of the robust ticket sales, receipts were up 26% as compared with the same weekend last year.
March 2, 2012 |
"Dr. Seuss' the Lorax" is primed to rake in lots of green at the box office this weekend. The 3-D animated film, based on a popular 1971 book by Dr. Seuss, could debut with as much as $50 million, according to those who have seen pre-release audience surveys. The weekend's only other new release, the low-cost, R-rated party movie"Project X,"will probably start off with a healthy sum of about $20 million. "The Lorax,"about an environmentally friendly creature who works to save trees, features the voices of Danny DeVito, Zac Efron and Taylor Swift.
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 26, 2011 |
Universal Pictures is bringing in a veteran of rival Sony Pictures to run its movie marketing department, the second change in the studio's top executive ranks in the last month. Josh Goldstine, a senior creative advertising executive who has worked at Sony since 1991, will soon be named president of marketing for Comcast Corp.-owned Universal, according to several knowledgeable people who requested anonymity because the appointment is not yet official. Goldstine is still under contract at Sony and is negotiating to move to Universal soon.
April 4, 2011 |
Family audiences flocked to the live-action/animated hybrid "Hop" this weekend. The film, which features the voice of comedian Russell Brand as the teenage son of the Easter Bunny, grossed $38.1 million in ticket sales, according to an estimate from distributor Universal Pictures. However, even though the film's strong opening — the best debut for any movie released this year — far exceeded earlier industry projections, the box office was down a staggering 30% compared to the same weekend last year, when "Clash of the Titans" premiered Easter weekend to $61.2 million.