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Dreamworks Animation SKG Inc (DWA)

  • Jul. 31, 2013, 4:17 PM
    • DreamWorks (DWAbeats on the top and bottom line for Q2. Revenue rises 31% Y/Y.
    • Shares +6.62% AH.
    • The Croods "incredibly successful box office run" contributes $71.8M in revenue for the period.
    • CEO Jeffrey Katzenberg emphasizes diversification, saying DWA has "a great deal of momentum within [the] television, consumer products and location-based entertainment businesses."
    • Q3 results will be driven by "worldwide pay television revenue for Rise of the Guardians and international free television for Kung Fu Panda 2." (PR)
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  • Jul. 31, 2013, 4:06 PM
    • Dreamworks Animation (DWA): Q2 EPS of $0.26 beats by $0.08.
    • Revenue of $213.4M beats by $32.55M. (PR)
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  • Jul. 31, 2013, 12:10 AM
  • Jul. 30, 2013, 5:35 PM
  • Jul. 22, 2013, 11:28 AM
    "Any near term weakness could provide a long term buying opportunity," Janney Capital says, reacting to the sell-off in shares of Dreamworks (DWA -6.3%) precipitated by a lackluster opening for Turbo (Stifel called it). Despite the box office bomb, analyst Tony Wible maintains a Buy rating and a $27 price target.
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  • Jul. 22, 2013, 9:27 AM
    DreamWorks (DWA) -4.6% after Turbo bombs at the box office: the $135M film pulled in just $21.5M during its open week, making it a distant #3 behind The Conjuring and Despicable Me 2 (out for 3 weeks). Cowen thinks a write-down for the animated racing film could lower its 2013 EPS estimate for DreamWorks to $0.25 from a current $0.72 (consensus is at $0.83). A children's series based on Turbo is set to arrive on Netflix (NFLX) later this year.
  • Jul. 16, 2013, 1:40 PM
    Dreamworks' (DWA -5.5%) Turbo opens tomorrow and the stock is sliding ahead of the release. Perhaps weighing on the shares is negative commentary out of Stifel, where analysts see the film missing their $175M domestic box office estimates. The new projection for the film is $135M.
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  • Jul. 12, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: LEAP +29%. SNCR +3%. AT +3%. SHFL +2%. CYCC +2%.
    After-hours top losers: CODE -3%. DWA -3%. GOGO -2%. RSH -2%. GILD -2%.
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  • Jun. 21, 2013, 10:00 AM
    DreamWorks Animation (DWA +0.8%) CEO Jeffrey Katzenberg didn't disclose how much Netflix is paying for content from the company under the terms of a new deal, but did say in broad terms that new TV deals will bring in $100M in revenue this year and another $200M by 2015. The exec also notes that with Netflix signing multi-year deals some of the development cost risk of creating fresh series is reduced.
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  • Jun. 18, 2013, 11:24 AM
    DreamWorks Animation (DWA +1.9%) signs a multi-year deal with German broadcaster RTL to produce animated TV shows. Under the agreement, the company will supply the leading children's TV channel in the nation with a steady stream of shows based on characters from its franchises.
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  • Jun. 17, 2013, 2:39 PM
    Out with the old. The Netflix-DreamWorks Animation deal signals an important change in the way content is distributed, according to industry watchers The most important part of the deal is that it focus on exclusive fresh content for Netflix (NFLX +6.8%) from DreamWorks (DWA +4%) - instead of just filling up a library with older titles. The big picture: A bidding war for new films from Hollywood studios (LGF, SNE, VIA, CMCSA, DIS) could help the industry maximize profits. George Lucas and Steven Spielberg called it (I, II) last week when they predicted giant upheaval for the film industry.
  • Jun. 17, 2013, 6:41 AM
    Netflix (NFLX) signs a multi-year deal with DreamWorks Animation (DWA) for new original series to air on the streaming service. The new shows will include characters inspired by Dreamworks Animation's franchises.
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  • Jun. 13, 2013, 3:39 PM
    The glass half full: George Lucas and Steven Spielberg weren't sounding the death knell for the movie industry when they warned of an implosion but a paradigm shift away from multiplex theaters (CKEC, CNK, IMAX, RGC). When the day comes when mega-budget films from top studios (CMCSA, DIS, TWX, LGF, SNE, DWA) bomb at the box office, look for new mediums at home to emerge as first-run options. "There has never been more exciting potential," notes Spielberg. (video)
  • Jun. 12, 2013, 6:14 PM
    Sterne Agee starts coverage on AMC Networks (AMCX) and Discovery (DISCA) with a Buy after the close. and on DreamWorks (DWA) with an Underperform. AMCX +2% AH.
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  • May 31, 2013, 9:14 AM
    A booming box office in China has major film studios (SNE, VIAB, CMCSA, LGF, TWX) catering more than ever to Chinese audiences. While passing censors in China was once the focus for U.S. film producers, now scripts are being edited not to offend. Dreamworks Animation (DWA) CEO Jeffery Katzenberg on the trend: "We used to blacklist screenwriters for being communists. Now we’re taking script notes from a communist government."
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  • May 5, 2013, 11:56 AM
    Box office roundup: 1) Revenue continues to pour in at a breakneck pace for Disney's (DIS) Iron Man 3. Early estimates for the movie's opening U.S. weekend are for a $170M haul  (vs.  ~$150M consensus) to push global sales for the film to over $360M. 2) Keep an eye on IMAX (IMAX). The company is seeing the percentage of moviegoers in the U.S. choosing to see big tentpole films in the big-screen format increase - including an impressive 10% this weekend for Iron Man 3. 3) Analysts at Cowen and Co. think Warner Bros. (TWX) could have a big summer with The Hangover Part III and The Great Gatsby set up to beat estimates while they warn DreamWorks Animation (DWA) could struggle with 3D computer-animated film Turbo facing serious competition.
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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.