2 items from 2016
Updated: With its best revenues in nearly a decade, DreamWorks Animation beat analysts expectations Tuesday — posting earnings of 55 cents a share and adjusted earnings of $56.5 million that more than doubled projections for the fourth quarter of 2015. The company’s shares jumped up by more than $2 per share on the news in after-hours trading to more than $23, an increase of more than 11%.
The positive performance by the animation studio came in a year of multiple challenges: The company reduced its film slate, sold (and leased back) its 15-acre Glendale campus and laid off hundreds of employees.
The company closed the year on a strong note, with revenues in the final quarter hitting $319 million, the best in eight years and well ahead of the projected $274 million, and net income hitting more than $48 million, almost four times analysts’ consensus. DreamWorks also exceeded consensus projections for all of 2015 in both revenue, topping out at $916 million, »
- James Rainey
The best years of American Idol are admittedly behind it. That's bound to happen with any show that has run for more than decade. American Idol is determined to not go quietly into the metaphorical TV night with its farewell season.
We already saw some moving (and "amusing") moments from the season premiere, which included Kayne West "auditioning". In anticipation, American Idol has treated us with more sneak peek clips from the second night of auditions. If the clips are any indication the second night of American Idol season 15 should be every bit as good as the first.
2 items from 2016
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