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 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)
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, 4:16 PM| Comment!
Wed, Apr. 29, 5:35 PM
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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.
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. 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 Rottentomatoes.com 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.
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.
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)
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).
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.
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)
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.
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)
Thu, Mar. 12, 11:57 PM
- The MPAA's report on global box office notes that 2014 sales were up 1% to $36.4B, lifted by China's industry -- the first time that Asian revenues passed those of other regions.
- China's $4.8B made it the first foreign market to exceed $4B a year. Domestic sales of $10.4B were down 5%.
- In 2013 the three major regions (North America, Europe/Middle East/Africa, Asia Pacific) essentially tied, but 2014 was the year of Asian box office share: 34.1% vs. 29.1% in EMEA and 28.6% in North America.
- Among worries for the industry, The Hollywood Reporter notes 32% of North America's audience didn't go to a movie at all, and that steep dropoffs in ages 2-11 and 25-39 means the industry needs to look at long-term audience growth. (Frequent moviegoers make up just 11% of the population but buy 51% of the tix.)
- The U.S. industry might be frontloaded for a rebound with a franchise- and sequel-heavy 2015 ahead, though.
- Filmmakers: CMCSA, FOXA, TWX, VIA, DIS, DWA, SNE
- Previously: DreamWorks touts Chinese venture, global projects (Mar. 04 2015)
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