Mon, Jan. 19, 7:40 PM| Comment!
Mon, Jan. 5, 2:29 AM
- DreamWorks Animation (NASDAQ:DWA) is shaking up its creative ranks after a series of disappointments at the box office.
- The company’s chief creative officer, Bill Damaschke, is stepping down, while lead producers Bonnie Arnold and Mireille Soria will take over as co-presidents of feature animation.
- The two have produced a total of eight films at DreamWorks that have grossed more than $3.5B.
Dec. 31, 2014, 8:42 AM
- Streaming: Sony (NYSE:SNE), HBO (NYSE:TWX), CBS (NYSE:CBS), and Dish Networks (NASDAQ:DISH) are set to unveil streaming products in 2015. The theory of the companies that the skinny bundles will draw in more cord-cutters and cord-nevers than they will cannibalize current pay-TV subscribers will be put to the test. The rush of streaming options could help or hurt Netflix (NASDAQ:NFLX) depending upon which analysis an investor leans on.
- Theater traffic rebound: Exhibitors (CNK, RGC, AMC, CKEC, IMAX) and movie studios (LGF, VIA, VIAB, DIS, FOXA, CMCSA, TWX) maintain that the decline in theater attendance in 2014 (-6%) was due to a slate of films light on blockbusters. A bounce is forecast for 2015 with high-profile films such as Avengers: The Age of Ultron, The Hunger Games: Mockingjay Part 2, Fifty Shades of Grey, Jurassic World, Spectre (James Bond), and Mission Impossible 5 all set to premiere - along with the reboot of the Star Wars franchise in December. Capex spending on theater upgrades could also help boost in-theater spending and average ticket price for exhibitors.
- Mergers: If regulators allow the Comcast-Time Warner Cable (NYSE:TWC) and AT&T-DirecTV (NASDAQ:DTV) mergers to sail through it could clear a path for other media combinations, note analysts. Potential buyers include Alibaba (NYSE:BABA), Wanda Group, Softbank (OTCPK:SFTBY), and a TWX-rebuffed 21st Century Fox (NASDAQ:FOXA). Content producers which could be targets include Starz (NASDAQ:STRZA), Lions Gate (NYSE:LGF), DreamWorks Animation (NASDAQ:DWA), AMC Networks (NASDAQ:AMCX), and Scripps Networks (NYSE:SNI). A split-up Madison Square Garden (NASDAQ:MSG) could also be enticing.
Dec. 11, 2014, 6:07 PM
- DreamWorks Animation (NASDAQ:DWA) announces it sold a 25% stake in AwesomenessTV to Hearst Corporation for $81.25M.
- The two companies plan to partner together on growing the YouTube property aimed at teenagers.
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.
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