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Dreamworks Animation SKG Inc (DWA)

  • Fri, Jun. 5, 10:59 AM
    • DreamWorks Animation (NASDAQ:DWA) is up 7.2% and has reached its highest price since February 2014 as Stifel Nicolaus upgrades the shares to Buy after an "exceptionally candid" meeting with management.
    • The analyst firm has set a price target of $34. Shares are trading today at $29.47.
    • Stifel's Benjamin Mogil says the firm came away from the meetings "more positive" after hearing about how DWA management was pivoting after problems of the last few years on movie creativity.
    • DreamWorks' film plans are "more realistic/in-tune," Stifel notes, since "2012-2014 film challenges were tied to films which skewed older right as the box office began to see changes whereby animation demand was increasingly skewing younger as kids began to age out of the genre earlier."
    • The studio's TV segment was thought to decline in 2017 after peaking next year, but Stifel now sees that output deals could get extended. For consumer products: "Far more of the revenue target for the year is not tied to feature films, which grants us more comfort with the target's attainability."
    | Fri, Jun. 5, 10:59 AM | Comment!
  • Mon, May 11, 12:28 PM
    • Avengers: Age of Ultron (NYSE:DIS) had a second weekend almost to itself at the box office, drawing $77.2M to lead yet again and bring its domestic haul to $312.9M -- the second-fastest film to the $300M mark, behind only the original Avengers film.
    • With an international take of $68M for a worldwide total of $875.3M and openings yet to come in China and Japan, it should join Furious 7 (NASDAQ:CMCSA) in the global billion-dollar club before long.
    • Comedy Hot Pursuit (TWX; Reese Witherspoon, Sofia Vergara) finished at No. 2 with a very light opening of $13.3M (on more than 3,000 screens) and negative critical reaction.
    • Other notable receipts: Furious 7 was fourth with $5.3M to bring its domestic take to $338.4M, and Home (NASDAQ:DWA) was seventh with $3M to bring its total gross to $162.1M.
    | Mon, May 11, 12:28 PM | 5 Comments
  • Mon, May 4, 11:53 AM
    • Time was when the summer movie season began Memorial Day weekend ... then Avengers: Age of Ultron (NYSE:DIS) set up for May 1, and pulled a whole lot of box-office money forward into the spring. The sequel drew $187.7M to mark the second-biggest domestic opening ever.
    • The film fell short of what some observers though would be the all-time record: topping The Avengers' $207.7M opening in 2012. A tough major-sports Saturday might have hurt the take, as Age of Ultron had a stellar $84.5M Friday before tailing off to $57.2M Saturday.
    • The new Avengers is a worldwide success with $627M in its 12 days out. Speaking of blockbuster season's earlier appearance, Furious 7 (CMCSA +0.6%) just took the month of April for its high-octane self but finally yielded to the Disney blockbuster as well as second-week release The Age of Adaline, (NYSE:LGF) which took the No. 2 spot with $6.3M.
    • Furious 7 drew $6.1M to bring its domestic take to $330.5, and $1.4B on a worldwide basis (fourth-most ever). Paul Blart: Mall Cop 2 (NYSE:SNE) was No. 4 with $5.4M ($51M total), while Home (NASDAQ:DWA) pulled $3.3M to bring its total to $158.1M.
    • Previously: Comcast +2.5% premarket as Q1 beats on top and bottom lines (May. 04 2015)
    | Mon, May 4, 11:53 AM | 6 Comments
  • Thu, Apr. 30, 4:56 PM
    • DreamWorks Animation (NASDAQ:DWA) posted an adjusted net loss of $21.5M in Q1, excluding a $31.9M charge it took for restructuring, and missed on earnings for Q1 despite a revenue beat off a strong 13% gain there.
    • CEO Jeffrey Katzenberg pointed to the success of Home, the studio's only planned release for 2015, as signs that its turnaround plan is taking effect. Home has drawn $154M domestically and just short of $300M worldwide.
    • Revenues were up across all operating segments: Feature films, $128M (up from $110.1M in 2014); Television Series & Specials, $18M (roughly flat); Consumer Products, $15.1M (up from $12.1M); New Media, $4.6M (up from $4.1M).
    • Library titles contributed heavily to the feature film revenues ($37.9M, vs. a contribution of $41.4M from How to Train Your Dragon 2 and $31.5M from Mr. Peabody and Sherman).
    • Net cash provided by operations was $1.6M, up from the prior year's -$12.5M.
    • Shares sold off quickly just after the report but have returned to flat postmarket.
    • Press release
    | Thu, Apr. 30, 4:56 PM | Comment!
  • Thu, Apr. 30, 4:16 PM
    • Dreamworks Animation (NASDAQ:DWA): Q1 EPS of -$0.25 misses by $0.05.
    • Revenue of $166.35M (+13.0% Y/Y) beats by $1.85M.
    • Shares -7.48%.
    • Press Release
    | Thu, Apr. 30, 4:16 PM | Comment!
  • Wed, Apr. 29, 5:35 PM
  • Tue, Apr. 28, 6:29 PM
    • As part of YouTube committing to new original projects from top creators, the service signed a deal with the AwesomenessTV unit of Dreamworks Animation (NASDAQ:DWA) to create "several" feature-length films over the next two years, using YouTube creators and premiering on YouTube first.
    • For YouTube, it's a move to draw higher-quality ads with better content. AwesomenessTV, DreamWorks' millennial-focused channel, was acquired by the studio in May 2013 and most recently led its new New Media segment to $24.9M in revenues and $13.2M in gross profit.
    • AwesomenessTV also was key to a deal supplying 200 hours of original video to Verizon's upcoming video service. The channel features 7B views and 112M subscribers.
    • The first film from the DWA-YouTube collaboration should be out this fall.
    | Tue, Apr. 28, 6:29 PM | Comment!
  • Mon, Apr. 27, 1:13 PM
    • Romantic fantasy The Age of Adaline (NYSE:LGF), starring Blake Lively, earned $5M at the box office on Friday, just ahead of Furious 7's $4.9M -- then the rest of the weekend happened, and Furious 7 (NASDAQ:CMCSA) became the first film to lead domestic box office for four straight weeks since 2012's The Hunger Games.
    • The racing film took in $18.3M to run its domestic total to $320.5M.
    • Paul Blart: Mall Cop 2 (NYSE:SNE) took second place with $15.5M in its second week, and The Age of Adaline drew $13.4M in total, just ahead of Home's (NASDAQ:DWA) $8.3M.
    • Furious 7's $1.3B global take makes it the fifth-highest grosser in history. Next up: Harry Potter and the Deathly Hallows: Part 2 at $1.34B.
    • Meanwhile, the film that will topple Furious 7 next weekend has already made a small mint overseas. Avengers: Age of Ultron drew $201M in overseas grosses (in only 55% of the global market) ahead of its May 1 U.S. release, presaging a massive haul for the Marvel (NYSE:DIS) sequel.
    • Its predecessor, Marvel's The Avengers, earned a record $207.4M domestically in its debut weekend in 2012.
    | Mon, Apr. 27, 1:13 PM | 3 Comments
  • Mon, Apr. 20, 1:07 PM
    • With its main competition coming from a security guard on a Segway, fast-driving Furious 7 (NASDAQ:CMCSA) led the box office for a third straight weekend with a healthy $29M, to close in on $300M domestically.
    • The Universal film outdrew the critically panned Paul Blart: Mall Cop 2 (NYSE:SNE), which clocked in with a surprisingly strong $24M. The film earned a fairly rare 0% on critic aggregator but is now projected to profit, considering its $30M budget.
    • As presaged by its fast start, Furious 7 blew past the $1B mark in global box office a few days ago.
    • Universal grabbed another win with Unfriended, an ultra-cheap ($1M budget) teen-bullying horror that earned $16M, good enough for third place over the $10.3M earned by animated feature Home (DWA +1.5%). In its fourth weekend, Home (the best bit of news for DreamWorks in some time) has tallied $142.6M.
    • On the other side of the spectrum, Child 44 (NYSE:LGF) -- which was banned in Russia -- debuted with just $600K in 510 theaters, a terrible trajectory for a film that cost $50M to make.
    | Mon, Apr. 20, 1:07 PM | Comment!
  • Thu, Apr. 16, 1:31 PM
    • Verizon (NYSE:VZ) is turning to college sports for its mobile-first streaming video service, inking deals with a number of partners to fill out an offering that should have 20-30 channels later this year.
    • The company has deals with ACC Digital Network, Campus Insiders, CBS Sports, ESPN and 120 Sports to join its deal for 200 hours with Awesomeness TV (NASDAQ:DWA).
    • What does Verizon get? "Dozens of live major college games" from CBS and "select live college football and college games" as well as original-entertainment shows like 30 for 30 from ESPN (NYSE:DIS).
    • Pricing and packaging for the service are still unresolved, but Verizon does plan to offer it only via its mobile data plans at first.
    | Thu, Apr. 16, 1:31 PM | Comment!
  • Wed, Apr. 15, 8:01 PM
    • Jeffrey Katzenberg, CEO of DreamWorks Animation (DWA +2.5%), took a 53% pay cut in 2014, reducing his pay to $6.4M from $13.5M, an aftershock of the studio's poor year, according to the company's proxy statement.
    • The difference? Mainly $6M in incentive pay that he received in 2013 but not in 2014. Other executives, including president Ann Daly and chief global brands officer Michael Francis, also saw their bonus pay vanish.
    • The company's first good news in a long time has come with the results of Home, its only 2015 release, which has drawn more than $130M in domestic grosses and $243M worldwide to break a string of flops. So some significant stock grants could come the execs' way if the company is in the black at the end of 2015 and 2016.
    • Previously: DreamWorks up 8% as moviegoers bring 'Home' the bacon (Mar. 30 2015)
    | Wed, Apr. 15, 8:01 PM | Comment!
  • Mon, Apr. 13, 4:28 PM
    • Furious 7 topped domestic box office for the second straight weekend and kept on a straight course toward becoming the first in its seven-film series to gross $1B worldwide.
    • The record-seeing Universal (NASDAQ:CMCSA) film took $60.6M to bring its two-week U.S. total to $252.5M. It's one of only a dozen movies to reach $60M in its second weekend.
    • The film cruised past $800M globally, playing in 66 territories, and pushed the Fast & Furious series over $3B in grand total grosses.
    • Home (NASDAQ:DWA) continued to hold up in its third week, finishing second with $19M ($129.6M overall), just ahead of romantic new entrant The Longest Ride, with $13M.
    • Cinderella (NYSE:DIS) and Insurgent (NYSE:LGF) slipped to Nos. 5 and 6 respectively. Cinderella took $7.1M to bring its five-week haul to $180.7M ($436.8M worldwide), and Insurgent drew 6.7% to bring a four-week total to $114.7M ($250M worldwide).
    | Mon, Apr. 13, 4:28 PM | Comment!
  • Fri, Apr. 10, 8:59 PM
    • Paramount Pictures' Interstellar (VIA, VIAB) debuted strong on top of the home-entertainment charts, surpassing some solid competition.
    • The film topped The Hobbit: The Battle of the Five Armies (NYSE:TWX) on Nielsen's VideoScan sales chart (DVD and Blu-ray).
    • The top five was rounded out by Big Hero 6 and Into the Woods (NYSE:DIS), and Penguins of Madagascar (DWA, FOXA).
    • The Hobbit sold 57% of Interstellar's units but only 39% of the Blu-rays of the visual-and-sound-heavy space adventure. Blu-rays accounted for 70% of total Interstellar sales.
    • The rampaging success of Furious 7 (NASDAQ:CMCSA) pushed the two previous series films, Fast Five and Fast & Furious 6, back into the top 20.
    | Fri, Apr. 10, 8:59 PM | 7 Comments
  • Mon, Apr. 6, 10:59 AM
    • Furious 7 exceeded all expectations and smashed an April box-office record with a $143.6M weekend -- and big international receipts of $204.4M (from 10,500 screens in 63 territories) point to a massive winner for Universal (CMCSA +0.5%).
    • Notably for a sequel -- where follow-ups usually do a fraction of the first film's business -- the newest entry got the biggest opening weekend of the seven-film series. And it has a relatively clear path to hundreds of millions more before May 1 brings the competition of a new Avengers.
    • Home, the sole 2015 release from DreamWorks Animation (DWA +1.7%), held up well in its second weekend with $27.4M, for a two-week total of $95.6M.
    • Will Ferrell-Kevin Hart comedy Get Hard (NYSE:TWX) took third place with $12.9M ($57M total gross), while Cinderella (DIS; $10.3M; $167.3M total) and Insurgent (LGF; $10M; $103.4M total) were fourth and fifth.
    • Previously: Box office sales and in-theater spending trending strong (Apr. 05 2015)
    • Previously: Holiday movie weekend: Universal to get 'Furious' opening (Apr. 03 2015)
    | Mon, Apr. 6, 10:59 AM | 1 Comment
  • Fri, Apr. 3, 10:00 AM
    • With a few small dramas and documentaries in competition, the way is clear for Universal's (NASDAQ:CMCSA) Furious 7 to dominate the box office, and early receipts suggest the film is well on track toward an April-record $115M weekend.
    • The seventh entry in the Fast and the Furious racing franchise pulled a strong $16.9M in a limited 34-market run on Wednesday, including 12 international markets. It opened in 33 more markets Thursday and will run in 63 markets over the weekend.
    • Other eyes will be on Home -- the high-stakes sole 2015 release for DreamWorks Animation (NASDAQ:DWA) -- to see if it can get legs from last week's strong $54M debut, and on whether Insurgent (NYSE:LGF) and Cinderella (NYSE:DIS) can stretch out gains from their female-heavy audience.
    | Fri, Apr. 3, 10:00 AM | 5 Comments
  • Mon, Mar. 30, 9:52 AM
    • DreamWorks Animation (NASDAQ:DWA) is up 8.2% after Home -- its only film release for 2015 -- led the weekend box office and beat its own expectations with $54M, the company's third-largest non-sequel opening.
    • Following a series of flops for DWA, the film was expected to draw about $30M-$35M.
    • Home is another standout child-focused success in a year filled with adult fare so far. R-rated prison comedy Get Hard (NYSE:TWX) took the No. 2 spot, drawing $34.6M.
    • Insurgent (NYSE:LGF) and Cinderella (NYSE:DIS) followed those two, adding to their considerable takes with $22M and $17.5M respectively. New foreign markets joined Cinderella, pushing it to more than $300M globally, and Insurgent has made $180M worldwide.
    • Kingsman: The Secret Service is a hit with legs for Twenty-First Century Fox (NASDAQ:FOXA), plugging away at sixth place this week (its seventh) with $3M, and passing $300M globally.
    • Previously: DreamWorks up 7.7%, on two-day surge as planning takes shape (Mar. 04 2015)
    | Mon, Mar. 30, 9:52 AM | 5 Comments
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.