DreamWorks Animation SKG, Inc. reported stronger-than-expected profits in the third quarter, fueled by the box-office success of "How to Train Your Dragon 2.".
The Glendale-based animation studio earned a profit $11.9 million, or 14 cents a share, on revenue of $180.9 million in the third quarter.
That was an improvement over the same quarter a year ago, when the company posted a net income of $10.1 million, or 12 cents a share, on revenue of $154.5 million. ...
Remember the last DWA release How To Train Your Dragon 2 being labelled a "disappointment" after its domestic release? Me, too.
It made $176.6 million in the U.S. and Canada, which is 3.6 times its opening weekend gross, and a bit under what I thought the movie would ultimately earn on the domestic front.
But let's look, as they say, at the BIGGER picture.
The original feature How To Train Your Dragon collected $494.9 million around the globe. And its successor made $615 million. So how in God's nightgown is Dragons 2 considered a disappointment? Because it should have made an extra $35,000,000 in the U.S. and Canada, but didn't?
DreamWorks Animation still has some steep mountains to climb. It's diversifying into TV product and amusement parks, it's expanding its merchandising arm, but it's still heavily dependent on each theatrical release hitting a homerun. I think the company is sure as hell going to strive to do that, but the odds are against Jeffrey and Co. pulling that particular hat-trick off.
I still think DreamWorks Animation gets sold in the next thirty-six months. Particularly if its price-point becomes attractive to some large, ravenous corporate shark.
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