Dreamworks Animation SKG Inc

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  • Mon, Feb. 1, 4:42 PM
    • Walt Disney (NYSE:DIS), Lions Gate (NYSE:LGF) and 20th Century Fox (FOX, FOXA) have led a $50M funding round for Atom Tickets, a firm with a mobile movie-ticketing app that allows for advance purchases of movie tickets and even concessions.
    • Disney Chief Strategy Officer Kevin Mayer pointed to social as the root of their interest: “Their technology not only adds value to the consumer, but also helps movie studios and theaters by providing deep consumer insights, advanced analytics, and concession and ticket couponing.” It allows for groups to coordinate moviegoing while still being able to split the ticket prices.
    • Dynamic pricing -- which could help theaters fill unsold seats in screenings -- may be in the future as well. The app is trying to cross moats around well-known brands in Fandango, owned by NBCUniversal (NASDAQ:CMCSA), and MovieTickets.com.
    • Meanwhile Fandango has bought streaming service M-GO from joint venture owners Technicolor (OTCQX:TCLRY) and DreamWorks Animation (NASDAQ:DWA). Terms weren't disclosed.
    • It wants to build "new moviegoing products and services," and NBCUniversal has talked about working with Technicolor on virtual and augmented reality.
    | Mon, Feb. 1, 4:42 PM | 1 Comment
  • Mon, Feb. 1, 2:12 PM
    • Kung Fu Panda 3 (DWA -7.5%, Fox distributing) was victorious at the weekend box office, dominating with a $41M domestic showing that easily surpassed holiday holdovers.
    • The Revenant (FOX -0.7%, FOXA -0.4%) drew $12.4M to bring its cumulative take to $138.2M, and Star Wars: The Force Awakens (DIS -0.6%) edged Disney's newcomer, rescue film The Finest Hours, for third place with $10.8M.
    • The Force Awakens' seventh weekend brought its all-time best domestic total to $895.4M, and the film should cross $2B in total global gross by next weekend.
    • Kung Fu Panda's success helped the recovery of a box office hit by a winter storm last week. Overall grosses were up 30% Y/Y (though last year's comp was Super Bowl weekend).
    | Mon, Feb. 1, 2:12 PM | 5 Comments
  • Wed, Jan. 27, 11:03 AM
    • DreamWorks Animation (NASDAQ:DWA) is off 6.8% as Topeka Capital Markets has downgraded to Sell.
    • The firm has a $19 price target on the stock; shares are trading at $24.70 today but are still up 24.7% from a year-ago after a near-flat past six months.
    • Earlier this month, B. Riley downgraded to Neutral with a $27 price target, while FBR & Co. upgraded shares to Outperform and bumped its own price target to $29 from a previous $22.
    | Wed, Jan. 27, 11:03 AM | 3 Comments
  • Fri, Jan. 15, 4:49 PM
    • Edward Aleman is resigning his post as chief accounting officer at DreamWorks Animation (DWA -2.3%), for personal health reasons.
    • In an 8-K, the company says it expects he'll leave the company no later than Feb. 29. CFO Fazal Merchant will take over as interim chief accounting officer, while the company begins a search for a permanent replacement.
    | Fri, Jan. 15, 4:49 PM
  • Thu, Jan. 14, 12:10 PM
    • After bumping its rating on DreamWorks Animation (DWA +1.1%) on Tuesday, FBR, and analyst Barton Crockett, figure that estimates for film margins for 2016 may be a bit low -- 15%, vs. the 32-36% the segment delivered in the first three quarters of 2015.
    • A mostly bare film slate is giving way to Kung Fu Panda 3, set for a Jan. 29 release, prompting a bump in expected gross margin for 2016 to 29%, and EPS to $0.78 from $0.33.
    • The first Kung Fu Panda grossed $631.7M worldwide, while a 2011 sequel drew $665.7M.
    • A delay in Croods 2 to Dec. 22, 2017, means most of its impact will be in 2018, prompting Crockett to drop 2017 EPS estimates to $1.23 from $1.98, and bump 2018's to $2.27 from $1.85.
    • Previously: DreamWorks Animation +4% as FBR upgrades, raises target (Jan. 12 2016)
    • Previously: DreamWorks +2.7% as it extends, expands deal with Netflix (Jan. 05 2016)
    | Thu, Jan. 14, 12:10 PM
  • Tue, Jan. 12, 10:27 AM
    • With a deal expansion in the can with streaming partner Netflix -- which is newly expanding around the world -- DreamWorks Animation (NASDAQ:DWA) is up 4% on an upgrade from FBR & Co.
    • Analyst Barton Crockett bumped the company to Outperform, from Market Perform, and raised FBR's price target for DWA to $29, from $22. Shares closed yesterday at $24.43 and are trading at $25.40, implying 14% upside in the price target from here.
    • Crockett bumped his EPS estimate for Q4 to $1.04. "We assume that Netflix pays a license fee in the high tens of millions of dollars, with high contribution margins since film production costs are already amortized, driving total film library revenues to near $100 million in the fourth quarter of 2015."
    | Tue, Jan. 12, 10:27 AM
  • Tue, Jan. 5, 10:15 AM
    • DreamWorks Animation (NASDAQ:DWA) is up 2.8% as Netflix (NFLX -2.7%) announces the two have expanded their multi-year deal to include a number of new original family series as well as on-demand rights to the DreamWorks Animation film library.
    • The two companies are extending an existing relationship (on which DWA may be more than a little dependent). Rights for original series currently on the service are being extended throughout Netflix's operating markets and will expand to second-window rights for all markets outside of China.
    • New series will include a "reimagining" of Voltron,, and a new series from director Guillermo del Toro called Trollhunters.
    | Tue, Jan. 5, 10:15 AM
  • Mon, Jan. 4, 10:44 AM
    • DreamWorks Animation (NASDAQ:DWA) is off 7.4% and hitting its lowest point since mid-November following a downgrade to Neutral by B. Riley.
    • The firm is maintaining its $27 price target -- which was about 4.8% upside from last Thursday's closing of $25.77.
    • Early last month, Riley had cut estimates for fiscal 2015 DWA earnings to -$0.22, from a previous -$0.17 -- that vs. a consensus expectation for EPS of -$0.32.
    • DreamWorks Animation is expected to release earnings for Q4 on Feb. 22 after the close.
    | Mon, Jan. 4, 10:44 AM
  • Mon, Jan. 4, 7:59 AM
    • Several tech companies large and small were downgraded today as markets globally saw a steep sell-off
    • Among those hit, Amazon (NASDAQ:AMZN), CheckPoint Software (NASDAQ:CHKP), Dreamworks Animation (NASDAQ:DWA), GSV Capital (NASDAQ:GSVC), iRobot (NASDAQ:IRBT), Netflix (NASDAQ:NFLX), Pandora (NYSE:P), Paypal (NASDAQ:PYPL), Telephone & Data (NYSE:TDS), U.S. Cellular (NYSE:USM)
    • Many of the downgrades are valuation related. Monness Crespi & Hardt cite "less degrees of upside" this year relative to last year, leading to potential price-declines in the short term. Meanwhile, Robert W. Baird lowers its price target on NFLX to $115, citing weaker U.S. subscriber results for the second quarter in a row, with an earnings beat already priced in to the stock.
    • See also SPDR Select Sector Technology Fund (NYSEARCA:XLK), falling -2.40% pre-market.
    | Mon, Jan. 4, 7:59 AM | 32 Comments
  • Dec. 8, 2015, 1:58 PM
    • Dreamworks Animation (DWA +1.3%) and Canada's DHX Media have struck a five-year deal to make animated children's content.
    • The two have agreed to co-produce 130 episodes of original animation at DHX Studios, to air on DHX's suite of channels (including Family Channel, Family Jr., Family CHRGD and Télémagino). While DHX will distribute in Canada, DWA will distribute in the rest of the world.
    • DHX has also licensed more than 1,000 half-hours of TV from DreamWorks Animation, making it the exclusive partner for DWA content in Canada, along with a deal with DWA's AwesomenessTV for 300 half-hours of teen content.
    • Also today, DWA named Katie O'Connell Marsh its head of global live-action television, marshaling the company's expansion into that area from its animation foothold.
    | Dec. 8, 2015, 1:58 PM | 1 Comment
  • Nov. 5, 2015, 4:14 PM
    • DreamWorks Animation (NASDAQ:DWA) has leapt 14.8% after a Q3 report where it posted a profit after excluding restructuring costs.
    • Net income was $1.4M after adjusting for $3.6M in pretax charges connected to the company's January restructuring plan.
    • Revenue by segment: Feature films, $157.9M (up 10.9%); Television Series and Specials, $50.7M (up 255%); Consumer products, $27M (up 123%); New Media, $20.7M (up 144%); other, $2.9M.
    • The company notes that Home (its only slated theatrical film this year) has hit $386M in worldwide box office, and contributed $49.7M to the feature film segment this quarter.
    • Conference call to come at 4:30 p.m. ET.
    | Nov. 5, 2015, 4:14 PM
  • Nov. 5, 2015, 4:05 PM
    • Dreamworks Animation (NASDAQ:DWA): Q3 EPS of $0.02 beats by $0.07.
    • Revenue of $259.22M (+43.3% Y/Y) beats by $53.24M.
    • Shares +0.15%.
    | Nov. 5, 2015, 4:05 PM
  • Nov. 4, 2015, 5:35 PM
  • Oct. 30, 2015, 3:35 PM
    • DreamWorks Animation (NASDAQ:DWA) is among today's top losers in media, down 8.7% as Bank of America/Merrill Lynch downgraded the stock to Underperform, from Neutral.
    • The analysts have a $16 price target. Shares closed yesterday at $21.94, and are down to $20.04 today.
    • After a bit of a rebound from a rough 2014, DreamWorks shares have fallen anew in the past three months, down 18%.
    • Overall, analyst consensus is for a Hold rating with a $21 target.
    • Previously: DreamWorks Animation -5.1% as net loss widens on restructuring cost (Aug. 04 2015)
    • Previously: DreamWorks his 15-month high on bullish Stifel note (Jun. 05 2015)
    | Oct. 30, 2015, 3:35 PM
  • Oct. 27, 2015, 4:37 PM
    • DreamWorks Animation (DWA -2.9%) has added Maggie Wilderotter to its board of directors.
    • Wilderotter is executive chairman of Frontier Communications and was its CEO from 2006 until relinquishing that title earlier this year.
    • Wilderotter has been hitting the boards since leaving Frontier's CEO post. In addition to serving at Frontier, she has seats at Juno Therapeutics, Xerox, and (as of earlier this month) Costco.
    | Oct. 27, 2015, 4:37 PM
  • Oct. 5, 2015, 6:30 PM
    • Dreamworks Animation (DWA +1%) unit AwesomenessTV has entered into an international partnership with Endemol Shine Group unit Endemol Beyond to spread AwesomenessTV content worldwide.
    • The deal will result in launches of local-language, owned and operated channels in markets that include the UK, France, Germany, Spain and Brazil.
    • New content will include long-form series and formats for digital video and linear TV.
    • Endemol Shine -- half owned by Twenty-First Century Fox (FOX +1.4%, FOXA +1.1%) -- brings global expertise to the table, with creative operations in 30 different markets.
    | Oct. 5, 2015, 6:30 PM | 1 Comment
Company Description
Dreamworks Animation SKG Inc creates and exploits family entertainment, including animated feature films, television series and specials, live entertainment properties and related consumer products.