DreamWorks Animation SKG, Inc. today announced financial results for its second quarter ended June 30th that shows profits declined 6.2%. Without a new home entertainment DVD in the marketplace, costs outpaced box office gains since the theatrical release of films is the most expensive time of their sales cycle. Total revenue was $158.1 million and net income of $24.0 million, or $0.27 per share on a fully diluted basis. “Our strong second quarter was driven primarily by the blockbuster performances of Shrek Forever After and How to Train Your Dragon, two of the top 10 films of 2010 on both a domestic and a worldwide basis,” said CEO Jeffrey Katzenberg. “We have once again surpassed $1 billion in worldwide box office and with Megamind still to be released on November 5th, we are on track to make 2010 not only DreamWorks Animation’s single biggest year at the box office, but also the biggest year ever for any CG animation studio.”
The Company also announced today that its Board of Directors has approved a new $150 million share repurchase program. For the six months ended June 30, 2010, the Company has repurchased approximately 3.1 million shares for approximately $111 million. I’ve previously reported that Katzenberg has been shopping DWA to several Big Media companies.
Shrek Forever After, which was released on May 21, 2010, contributed $51.8 million of revenue in the quarter, generated by its domestic box office performance as well as merchandising and licensing … Read More
Tag Archives: Box
IT'S GOOD TO BE BAD! 'Despicable Me 3D' Doubles Expectations For $60.1M Weekend; R-Rated 'Predators' On Target With $25.3M; 'Eclipse' Global Cume Now $456M; See How This Hollywood Summer Is Doing Overseas
SUNDAY AM: It was a great weekend at the box office with the total tally $202M, up an impressive +41.4% from last year. And that doesn’t factor in next week which features the most anticipated movie of the summer, Chris Nolan’s Inception. Year to date, 2010 revenues are running $5.9M, that up 5.06% over last year. But attendance is down 1.42%. Summer 2010′s grosses are even more important internationally than domestic for a lot of motion pictures. So in this extended report I’ve included additional detail on the overseas releases all heavily impacted by World Cup play:
1. North American box office numbers show that Universal Pictures is [...]
Woody & Buzz, Adam & Kevin, All Beat Tom & Cameron: 'Toy Story' Terrific, 'Grown-Ups' Great, But 'Knight And Day' Not So Much
FRIDAY PM/SATURDAY AM UPDATE: This is shaping up as one of those memorable box office weekends because of the big summer movies so overperforming and underperforming that Hollywood will be talking about it for days. (I just hope Deadline can keep up with the comments because we’re already behind monitoring all of them!) Here’s the Top 10 (numbers refined in the AM):
1. More good news for Pixar and Disney. As expected, Toy Story 3 tops the North American box office for the 2nd straight week. Thanks to higher 3D ticket prices and a wide release into 4,028 theaters, the toon with massive appeal did $18.1M Friday, only a 56% drop following its [...]
Eclipse Includes Caressing, Kissing, Making Out & Dry Humping
Check out some great quotables from the stars of ‘Eclipse’ as they stopped by the KIIS FM Bing Box with JoJo Wright! …read full story
Jerry Seinfeld Is Over Lady Gaga Being A Jerk
Jerry Seinfeld over Lady Gaga being a jerk at baseball games, especially when she takes his luxury box! …read full story
Sex Slips, While Sarah Jessica Parker Greets Japanese Fans
Sarah Jessica Parker was greeted by a deluge of fans at the Narita Airport earlier today in Japan. Parker is on her international promotional tour for the Sex and the City sequel. While no international box office figures have been released yet, the …read full story
Aussie 'Beneath Hill 60' Expands To UK
Intandem Films, the London-based sales agent has sold Australian box office hit Beneath Hill 60 to UK distributor Momentum Pictures, part of Canadian media group Alliance Films. Beneath Hill 60 — released in Australia by Paramount Pictures on April 15 — has grossed A$1.7 million ($1.6 million) to date during its first two weeks at the box office. The film, directed by Jeremy Hartley Sims and starring Brendan Cowell, is the true story of a small platoon of Australian miners ‘
Bloomberg: 'Iron Man 2' Likely First Film Traded In Box Office Futures Scheme
Despite uniform opposition in Hollywood, stirred up by the MPAA, there appears to be a high likelihood for approval of Wall Street plans to bet on movie box office performance, according to a Bloomberg report today. It cites several sources that claim the Commodity Futures Trading Commission staff will recommend plans by Media Derivatives and Cantor Fitzgerald to create the futures program despite the potential for conflicts and manipulations. That decision could come this week, and Bloomberg reports it may be in time for Cantor Fitzgerald to sell box office contracts for Iron Man 2 as its first film.
Interestingly, Bloomberg quotes [...]
3D VS COMEDY TOO CLOSE TO CALL: Carell-Fey's 'Date Night' #1 Most Popular Pic But 'Clash Of The Titans' May Win 2nd Week Money-Wise; Sunday Will Decide It
SATURDAY PM/SUNDAY AM: Domestic grosses show that only $225K separate the two top pics as this weekend is proving to be a tight race among the box office leaders. It’ll come down to a Sunday photo finish to decide it. The only major newcomer — Fox’s 2D Date Night — had to open wide so it could even begin to compete on an equal footing with higher priced 3D tickets and more locations for Warner Bros’ Clash Of The Titans and DreamWorks Animation’s How To Train Your Dragon distributed by Paramount. Maybe the time has come for separate 2D and 3D box office weekly results and overall records? Or [...]
MPAA, Guilds Line Up Against Box Office Wagering
The MPAA, its signatory studios, DGA, IATSE, NATO and Independent Film & Television Alliance have petitioned the Commodity Futures Trading Commission to deny approval of an application by Veriana Networks and Cantor Fitzgerald to bet on box office receipts of the opening weekend for major releases. In a letter to CFTC Secretary David Stawick, Paramount Pictures, Sony Pictures Entertainment, Twentieth Century Fox, Universal, Disney and Warner Bros all joined in the petition that opposes turning box office performance into a betting mechanism.
FOR IMMEDIATE RELEASEApril 8, 2010
ENTERTAINMENT COMMUNITY [...]
MPAA Organizes Entertainment Community Opposition To Movie Futures Exchange
UPDATES Is Betting On Box Office Good For Films?
WORST IDEA EVER? Wall Street Plans Futures Exchange Tied To Box Office
Washington, DC (March 31, 2010) ‘
Kristen Stewart Touches Down In LA
Back from a whirlwind promotional tour for her film The Runaways, which was capped off with an appearance at SXSW in Austin, Texas, Kristen Stewart arrived back in Los Angeles last night.So how did The Runaways do at the box office this weekend? It …read full story
Lionsgate Scares Up Reunion With Raimi's Ghost House On `Dibbuk Box'
EXCLUSIVE: Lionsgate has acquired North American rights to Dibbuk Box, a thriller in the vein of The Shining that will be written by Juliet Snowden & Stiles White. Ghost House Pictures partners Sam Raimi and Rob Tapert will produce.
The jumping off point is a true story culled from the Leslie Gornstein-bylined Los Angeles Times article A Jinx In A Box. In the film, a family finds itself in possession of a haunted box, and struggles to get rid of its evil curse. Using even a tenuous tie to a true story has been a fright fare staple, and helped films [...]
Lionsgate Buys Raimi Ghost House Story
EXCLUSIVE: Lionsgate has acquired North American rights to Dibbuk Box, a thriller in the vein of The Shining that will be written by Juliet Snowden & Stiles White. Ghost House Pictures partners Sam Raimi and Rob Tapert will produce. The jumping off point is a true story culled from the Leslie Gornstein-bylined Los Angeles Times article A Jinx In A Box. In the film, a family finds itself in possession of a haunted box, and struggles to get rid of its evil curse. Using even a tenuous tie to a true story has been a fright fare staple, and helped [...]
Jennifer Aniston calls tabloids a soap opera that you do not sign up for
Jennifer Aniston was on both Good Morning America and Regis and Kelly today. She’s promoting The Bounty Hunter, which is out this Friday and looks incredibly predictable. Alice in Wonderland will probably be top at the box office again this weekend, but I bet Bounty Hunter will be second or third.
I try to give [...]
Is Betting On B.O. Good For Films?
Is anyone else troubled by reports that Cantor Fitzgerald is about to launch Cantor Futures Exchange, and begin taking bets on box office film grosses?
In a system that could have come right from Las Vegas, contracts will trade at $1 for each $1 million of box office business, for making over and under bets on gross estimates worked out months in advance. I just don’t how turning the film industry into a cousin of sports betting is constructive, but I do see how it lead to bad things in a business already fraught with conflict of interest issues.
The plan has [...]
MPAA Cites 3D For Fueling Box Office Spike
FOR IMMEDIATE RELEASE
March 10, 2010
WORLDWIDE BOX OFFICE CONTINUES TO SOAR;
U.S. ADMISSIONS ON THE RISE
3D gives a boost to box office growth
Los Angeles ‘
'AVATAR' GETS 'DEAR JOHN' LETTER! Friday Box Office Shows Military Love Story #1
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FRIDAY 8 PM UPDATE: Sources tell me that Relativity’s Dear John looks headed to a much bigger than expected $15+ million opening for today based on very early North American box office numbers. “The East Coast already has taken in $6.5M and that’s without the late show,” one insider gushed to me. Which means the military love story distributed by Sony/Screen Gems will definitely beat out Avatar for No. 1 Friday. That puts G.I. Joe’s Channing Tatum and Mamma Mia!’s Amanda Seyfried on course for a $30+M weekend since the pic won’t be hurt by Super Bowl Sunday. Though the East Coast’s monster winter storm could depress box office [...]
3D 'Avatar' Beats 2D 'Dark Knight' As 2nd Biggest Domestic Film; No. 1 For Sixth Weekend; 'Legion' #2 And 'Tooth Fairy' #4; Les Moonves' First CBS Feature Film Flops
SATURDAY PM/SUNDAY AM: Increasingly, the Avatar phenomenon of breaking box office record after box office record will have to carry an asterisk. Because the fact remains that higher 3D ticket prices (as much as $18 in some big U.S. cities) is causing James Cameron’s big budget technopic to cream the 2D competition. So I won’t join in the hoopla associated with Avatar kicking Batman’
British Cinemas Set To Break 1B Again
So say distributors and exhibitors, who are confident that 2010′