Seeking Alpha
 

Dreamworks Animation SKG Inc (DWA)

- NASDAQ
  • Wed, Aug. 26, 4:48 PM
    • Michael Francis, chief global brand officer at DreamWorks Animation (NASDAQ:DWA), will leave his post in December.
    • He'll continue working with the studio as an external consultant, and will serve as a board member for AwesomenessTV. Jim Fielding, head of global consumer products, will take over the licensing and franchise management businesses.
    • Francis -- formerly global chief marketing officer for Target -- had overseen branding, licensing, consumer products and franchise management since 2013.
    | Wed, Aug. 26, 4:48 PM | Comment!
  • Mon, Aug. 24, 10:24 AM
    • DreamWorks Animation (NASDAQ:DWA) is bucking a panic-selling market -- actually trading in positive ground briefly before slipping to -0.7% -- following an upgrade by B. Riley, to Buy.
    • It's a notch move from the firm's Neutral rating. Riley holds a price target of $26; shares had closed Friday at $19.08.
    • Eric Wold noted that the studio's shares have continued to slide this summer despite positive catalysts that "have helped, in our opinion, to boost the studio’s profitability outlook heading into 2016."
    • Despite its much-needed hit in Home, the studio has a "much to prove with the revamped slate focus and reduced overhead structure. Nevertheless, we view the pullback in the shares as an attractive entry point for investors with a longer-term focus as the turnaround year progresses further."
    • Previously: DreamWorks up 8% as moviegoers bring 'Home' the bacon (Mar. 30 2015)
    • Previously: DreamWorks to sell campus HQ to SunTrust unit (Feb. 26 2015)
    • Previously: DreamWorks pummeled after brutal quarter; rough year ahead (Feb. 24 2015)
    | Mon, Aug. 24, 10:24 AM | Comment!
  • Tue, Aug. 4, 5:41 PM
    • DreamWorks Animation (NASDAQ:DWA) has now slipped 5.1% after hours, after beating expectations on top and bottom lines even as net loss widened due to the company's ongoing restructuring, which has involved deep staff cuts and the sale of its headquarters this year.
    • Revenue grew almost 40% Y/Y as Home -- the studio's only theatrical release for the year -- contributed $23.9M in film revenue for Q2. The film hit physical DVD and Blu-ray before quarter's end, and overall it's earned $177M domestically and $209M internationally at the box office (total $386M worldwide).
    • Adjusted results exclude a $20.9M pretax charge (an effect of $0.25 share on earnings) associated with the restructuring plan. Some $2.4M was due to termination and employee-related costs, $10.9M on accelerated depreciation/amortization with the closure of Redwood City, and $7.6M related to excess staffing tied to the film slate.
    • In the company's earnings call, CEO Jeffrey Katzenberg said “While there is still much work to be done, I’m really proud of what our team has accomplished this quarter."
    • Press Release
    | Tue, Aug. 4, 5:41 PM | Comment!
  • Tue, Aug. 4, 4:20 PM
    • Dreamworks Animation (NASDAQ:DWA): Q2 EPS of -$0.13 beats by $0.13.
    • Revenue of $170.78M (+39.7% Y/Y) beats by $4.08M.
    • Shares +0.46%.
    • Press Release
    | Tue, Aug. 4, 4:20 PM | Comment!
  • Mon, Aug. 3, 5:35 PM
  • Thu, Jul. 23, 6:10 PM
    • DreamWorks Animation (NASDAQ:DWA) will get at least a bit of a new boost from its February $185M HQ sale to SunTrust (NYSE:STI) -- as SunTrust Equity turned around to sell it to Griffin Capital for $215M.
    • DreamWorks has a 50/50 profit sharing agreement with SunTrust, so it will get some benefit from the quick price appreciation.
    • The company sold the 460K-square-foot campus and leased it back for 20 years as part of a restructuring earlier this year. DWA pays $13.2M a year, increasing 1.5% annually.
    • Meanwhile, FBR Capital upgraded DWA today to Market Perform, from Underperform, and set a price target of $26, up from $17. Shares closed today up 0.1% to $25.78.
    • Previously: SunTrust puts DreamWorks HQ back up for sale (Mar. 11 2015)
    • Previously: DreamWorks to sell campus HQ to SunTrust unit (Feb. 26 2015)
    | Thu, Jul. 23, 6:10 PM | Comment!
  • Tue, Jun. 23, 11:52 AM
    • AwesomenessTV -- a unit of DreamWorks Animation (NASDAQ:DWA) -- is launching a film division, The Hollywood Reporter says.
    • The company has hired Matt Kaplan, founder of Chapter One Films, to build the group and plan for 12-15 films for theatrical and digital distribution.
    • Once a YouTube channel targeted to young adults, the company has grown to provide hours of content including a sketch comedy series for Nickelodeon and a deal to supply 200 hours of original video to Verizon's upcoming streaming service, as well as a deal working with YouTube creators on feature films.
    • Previously: YouTube investing in original content, film deal with DreamWorks (Apr. 28 2015)
    • Previously: DreamWorks 2.3% higher as Verizon orders 200 hours of TV (Mar. 11 2015)
    | Tue, Jun. 23, 11:52 AM | Comment!
  • Fri, Jun. 12, 5:37 PM
    | Fri, Jun. 12, 5:37 PM | Comment!
  • Wed, Jun. 10, 3:55 PM
    • DreamWorks Animation (NASDAQ:DWA) is 4.9% lower today after two firms launched coverage on the studio with Sell ratings.
    • Credit Agricole initiated DreamWorks at Sell, with a $17 price target. CLSA also started coverage at the same rating and $17 price target.
    • Shares are trading today at $26.46, its lowest point this month and 11% down from the 15-month high it hit last Friday on a bullish upgrade from Stifel Nicolaus.
    | Wed, Jun. 10, 3:55 PM | 3 Comments
  • 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!
Visit Seeking Alpha's
DWA vs. ETF Alternatives
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.