Dec. 10, 2014, 2:06 AM
- DreamWorks Animation (NASDAQ:DWA) plans to launch its own television channel in 19 Asian countries during the second half of 2015 as part of a diversification strategy to find much-needed revenue outside of movie theaters.
- Television shows produced by the studio already air in Europe, Latin America and on Netflix.
- DreamWorks Animation expects to make the channel available through pay television packages or by selling it directly to consumers as an Internet-delivered option.
Dec. 1, 2014, 9:13 AM
Dec. 1, 2014, 9:11 AM
- The Hunger Games: Mockingjay Part 1 took in $56.9M in the U.S. over the Thanksgiving weekend to easily top new competitors.
- The Lions Gate (NYSE:LGF) film is now over $123M globally.
- Penguins of Madagascar debuted in the U.S. with $25.8M for producer DreamWorks Animation (NASDAQ:DWA) and distributor Fox. The disappointing response has hit shares of DWA in early trading.
- DWA -7.1% premarket.
Nov. 26, 2014, 9:04 AM| Comment!
Nov. 17, 2014, 12:47 PM
Nov. 17, 2014, 9:15 AM
Nov. 17, 2014, 7:52 AM
Nov. 15, 2014, 10:03 AM
- Merger talks between Hasbro (NASDAQ:HAS) and DreamWorks Animation (NASDAQ:DWA) have cooled off, reports the WSJ.
- The development could mark the second time this year that acquisition speculation has driven shares of DreamWorks higher only to see a deal fizzle.
- Though some of the rationale behind Hasbro's interest in buying a studio makes sense, analysts think the price tag on DreamWorks was too high.
- Related: The Disney factor huge for Hasbro
Nov. 13, 2014, 12:48 PM
Nov. 13, 2014, 9:10 AM
Nov. 13, 2014, 7:32 AM
- Shares of DreamWorks Animation (NASDAQ:DWA) soar in early trading on reports that a merger with Hasbro (NASDAQ:HAS) is being negotiated.
- Early analyst reaction to the combination is favorable due to the potential boost to consumer products sales and content tie-ins between the two companies.
- Talks between DreamWorks and Softbank over a merger stalled last month when an agreement on a deal price couldn't be hammered out.
- DWA +21.8% to $27.25 premarket.
Nov. 13, 2014, 1:51 AM
- Hasbro (NASDAQ:HAS) is in advanced talks to buy DreamWorks Animation (NASDAQ:DWA), and would pay a mix of cash and stock under the current terms of the proposed deal.
- An exact price has not yet been determined, although Jeffrey Katzenberg, the chief executive of DreamWorks Animation, is seeking more than $30 a share, a significant premium over Wednesday's close at $22.37.
- News of the possible merger comes about six weeks after reports emerged that SoftBank was in talks to acquire the animation studio.
Oct. 29, 2014, 4:34 PM
- DreamWorks Animation (NASDAQ:DWA) reports feature film revenue of $142.4M in Q3, with more than half of the tally coming from How to Train Your Dragon 2.
- The company's Television segment recorded sales of $14.3M, while the Consumer Products business contributed $12.1M.
- A lower SG&A expense ratio contributed to the beat on the bottom line for DreamWorks.
- DWA +6.2% AH.
Oct. 29, 2014, 4:19 PM| Comment!
Oct. 28, 2014, 5:35 PM
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Oct. 2, 2014, 11:38 AM
- SoftBank (OTCPK:SFTBY) confirms it purchased a $250M stake in Legendary Entertainment and will form a joint venture partnership with the studio.
- The JV will push out Legendary's content through digital and TV channels, as well as look for merchandising and licensing opportunities.
- A focus will be placed on the markets in China and India.
- This year, Legendary was the producer for Warner Bros. on Godzilla and 300: Rise of the Empire.
- Shares of Dreamworks Animation (DWA -5.2%) trade lower than other media stocks after the development with the studio considered a prime SoftBank target at one point.
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