1-20 of 27 items from 2015 « Prev | Next »
DreamWorks Animation, reeling from a restructuring and a string of under-performing films, reported earnings that were slightly better than projected, after taking out one-time restructuring costs. The company announced a 64-cents-per-share net loss Thursday, but that improved to a minus 37 cents a share after taking out January restructuring costs. Analysts had projected a 45 cents per share negative mark going into the announcement.
The toon maker’s revenues of $166.5 million were just ahead of projections, but the costs attributable to layoffs and the remaking of the Burbank-based company dragged earnings lower. The company reported a net loss of $54.8 million for the quarter that ended March 31.
Chief executive and founder Jeffrey Katzenberg, despite still being in a rebuilding mode, said he found hope for the future in the company’s lone 2015 film release, “Home.” The fillm has logged more than $300 million in worldwide box office, one month after its opening.
The company »
- James Rainey
I’m “biast” (con): nothing
I have not read the source material
(what is this about? see my critic’s minifesto)
This is my own personal Worst Possible Nightmare magicked into being and splashed up on the screen in all its larger-than-life, oh-look-it’s-happening-to-a-movie-star heightened reality. Movies about insane axe murderers and methodical serial killers do not frighten me. Still Alice scares the shit out of me.
And, of course, its horror is far more likely to impact you or me than anything that runs around in a slasher movie. Except it would be much, much worse than what we see here.
- MaryAnn Johanson
DreamWorks Animation may have recently announced plans to scale back from the admittedly ambitious three-films-per-year business model, but that doesn’t negate the staying power of the studio’s beloved IP moving forward. As a matter of fact, the company today announced that it has reshuffled the release date for upcoming threequel Kung Fu Panda 3, meaning that Po’s latest adventure will hit cinema screens on January 29, 2016, as opposed to March 18.
Aside from How To Train Your Dragon, Kung Fu Panda remains as one of DreamWorks’ most lucrative franchises, and considering that the previous two films have pulled in a staggering $1.3 billion between them, all eyes are on the third installment to deliver a sure-fire hit. And truth be told, the studio is in need of a financial boon, with Rise of the Guardians, Turbo and Mr. Peabody and Sherman failing to kickstart new franchises for the company in recent years. »
- Michael Briers
"This isn't just a few pissed off spirits." As far as horror remakes are concerned, Poltergeist doesn't look half-bad if the first trailer is any indicator. And now we get to see even more from the film that arrives next month with a second full trailer showing off even more of the haunted house terrorizing Sam Rockwell, Rosemarie DeWitt and their kids. In addition, we also get a little bit more of Jared Harris as a paranormal investigator. There's hints of the classic scenes from the original, but with modern technology, it seems many of the elements have been amped up when it comes to the world that exists beyond ours. Here's the latest trailer for Gil Kenan's Poltergeist from 20th Century Fox: You can still watch the first trailer for Poltergeist right here. Poltergeist is directed by Gil Kenan (Monster House) and written by David Lindsay-Abaire (Rise of the Guardians, »
- Ethan Anderton
Home is where the heart is for DreamWorks Animation investors this morning: The studio’s shares are up more than 7% in pre-market trading following the successful opening weekend for its only major 2015 release. Home‘s $54 million domestic box office gross trounced the Street’s expectations for about $30 million and broke a streak of disappointments that included write-downs for Penguins Of Madagascar, Mr. Peabody & Sherman, Turbo, and Rise Of The Guardians. It was Dwa’s… »
Since 20th Century Fox just bumped up the release of their horror remake Poltergeist to a late May release, it's time for the onslaught of TV advertising to begin to get people interesting in this retread of a horror classic. Sam Rockwell and Rosemarie DeWitt star as the heads of the haunted family this time with Jared Harris (The Quiet Ones) being their paranormal guide. Here in the first TV spot, we get some fancy new effects shots, and an ominous voiceover touting that this isn't just another ghost story. And using a little kid to whisper the title at the end is a nice touch. Could this actually be a decent remake? Watch! Here's the first TV spot for Gil Kenan's Poltergeist from 20th Century Fox: You can still watch the first trailer for Poltergeist right here. Poltergeist is directed by Gil Kenan (Monster House) and written by »
- Ethan Anderton
Hugh Jackman didn’t so much fall backwards into being a huge Hollywood star as pirouetted. Before he became the embodiment of certain measures of manly manliness – having a lot of visible body hair, being comfortable enough to wear vests out of the house, smoking cigars on the reg – the Australian-born actor was known for his musical work.
As any child born in the country with any designs on being a performer, Jackman was offered a spot on Neighbours early on in his career, turning it down to continue his work on the stage. It was there that he broke through into the mainstream, thanks to an award-winning turn as the lead in the musical Oklaholma!, reprising the role in the 1999 film adaptation.
Since then, however, he’s diversified his acting portfolio somewhat. He’s still known to the majority of households as Wolverine (even going so far »
- Tom Baker
Jeffrey Katzenberg diverted his attention from his core business of making family films, and it contributed to DreamWorks Animation racking up a whopping $300 million in losses last year — nearly half of what it generated in overall sales.
“The last eight months have been the worst in the company’s 20-year history,” Katzenberg told Wall Street analysts on Feb. 24, as he licked his wounds and reflected on a period of painful cost-cutting that resulted in layoffs, the closure of Dwa’s Northern California studio, and a serious re-examination of its creative choices. Analysts and stockholders don’t care about the past, however. They want to know whether Katzenberg has a plan for the future.
That future is dependent on hit movies, something Dwa has been sorely lacking. The Glendale, Calif.-based animation company’s recent success largely has ridden on the back of its “How to Train Your Dragon” franchise, and its 2013 hit “The Croods. »
- Marc Graser
Back in 2013, the release of Dreamworks Animation's Rise Of The Guardians was met with a thud and a crack in its opening weekend. While the film wound up managing to make a decent gross, compared to its budget at least, it wound up being the beginning of a dangerous spiral for Dwa's profit margin. As time went on and films like Mr. Peabody And Sherman continued to make profits, yet still lead to write downs, it looked like the studio couldn't do anything to bring itself back from the edge. Looking at the real numbers of the situation, it's not a pretty picture for the studio that gave birth to Shrek. And the final quarter of last year was particularly rough. Variety has issued a report detailing the big hit that the studio took after their last film, The Penguins Of Madagascar, and the number is a very uncool »
The creepy clown is back!
Eric Bowen (Sam Rockwell) and wife Amy (Rosemarie DeWitt) desperately try and hold on to their youngest daughter Madison (Kennedi Clements), who’s been targeted by terrifying apparitions in the first trailer for Poltergeist.
The new film is a contemporary take on the classic tale about a family whose suburban home is haunted by evil forces. When the terrifying apparitions escalate their attacks and hold the youngest daughter captive, the family must come together to rescue her before she disappears forever.
“They’re here” sent shivers down the spine of moviegoers in 1982 when the terrifying horror classic, directed by Tobe Hooper and produced by Steven Spielberg, was released. What made the film even more scary was the chilling score by Jerry Goldsmith.
The trailer looks tremendous and it did its job in scaring me, so I’m willing to give it a go (now I »
- Michelle McCue
It's been over 32 years since the original horror flick Poltergeist hit theaters, and now the remake is poised to his the big screen this summer. Following the first look photos that arrived yesterday, the first trailer has arrived, and it certainly ups the ante when it comes to the paranormal activity on display. There's familiar elements of the original, including the creepy clown doll and the glowing televisions, but there's also some creepy new scares as well, seemingly grabbing from a variety of horror films like Paranormal Activity and Insidious. It doesn't look bad, but it might be a little too busy with everything going on. Watch! Here's the first trailer for Gil Kenan's Poltergeist from YouTube: And here's a completely different international trailer for Poltergeist from Digital Spy: You can still check out the first look photos from Poltergeist right here. Poltergeist is directed by Gil Kenan (Monster House »
- Ethan Anderton
Though DreamWorks Animation just landed an Oscar nomination for How to Train Your Dragon 2 in the Best Animated Film category, the studio still isn't doing so hot. Even though The Croods was a success, other recent releases like Rise of the Guardians, Turbo and Mr. Peabody & Sherman haven't done as well at the box office as anticipated, resulting in their stock prices dropping and more layoffs happening as the company begins a massive restructuring of their feature animation business. And part of that restructuring includes a plan to only release two films each year now, one original project and one sequel. More below! Bonnie Arnold and Mireille Soria were recently appointed new co-presidents of feature animation, and it's all part of the restructuring happening at the studio. Chief executive Jeffrey Katzenberg told Variety: “I don’t think we ever attained the creative capacity to maintain the highest level of »
- Ethan Anderton
DreamWorks Animation is at a low financial ebb after the likes of Turbo and Penguins of Madagascar underperformed – so what should they do about it? Please, anything but Shrek 5
These are dark times for DreamWorks Animation. The underperformance of films like Turbo, Mr Peabody & Sherman, Penguins of Madagascar and Rise of the Guardians has wiped almost 40% from the studio’s share value, leading to 500 layoffs, a change of management and a heavily reduced release slate.
This, you suspect, was a long time coming. Almost since its inception, DreamWorks Animation has been seen as Pixar’s poor cousin, with the majority of its films adhering to the same joyless blueprint (anthropomorphise an animal, crowbar in a few immediately-dated pop culture references where the jokes should be, make a poster where the animal pulls exactly the same raised-eyebrow expression as all the other animals in all the other DreamWorks Animation film posters). First the formula became rote, »
- Stuart Heritage
Update: DreamWorks Animation has confirmed it's shutting down one of its two studios, Pdi. Over 500 jobs are to go.
Update: Since we first ran this story, it's since been confirmed that DreamWorks Animation is to close down one of its main studios, Pdi. Pdi is the firm that made Antz, and was subsequently bought by DreamWorks. The closure will lead to more than 500 people losing their jobs.
DreamWorks' Glendale campus remains open, and the president of the firm, Jeffrey Katzenberg has admitted that the company tried to grow too fast. We send our very best wishes to all affected.
Our original story follows...
When The Penguins Of Madagascar underperformed at the box office the other month, it continued a generally underwhleming commercial run for DreamWorks Animation. It's had bright spots in recent years, namely The Croods and How To Train Your Dragon 2, both of which brought home the box office bacon. »
DreamWorks Animation has some pretty huge issues to deal with, as the studio has been hemorrhaging money over the last few years thanks to numerous notable flops. These problems have led the company to announce a huge reconstruction of their feature film productions, which includes reducing their output from three films a year to just two. According to Coming Soon, Bonnie Arnold and Mireille Soria have both been appointed as the new Co-Presidents of Feature Animation at Dreamworks, and they have been forced to completely alter the studios near future thanks to underwhelming titles released in the recent past. But what has led to DreamWorks Animations reaching such a crisis? Well, we.re not one to point fingers, but a great deal of the blame has been hoist upon Rise of the Guardians, Turbo, and Mr Peabody & Sherman. Why? Because they lost a combined total of $153 million for the studio. »
“They have a very risky business model,” one consultant tells TheWrap about the animation company’s restructuring plan
DreamWorks Animation’s announcement that it will slash its workforce by nearly 20 percent and its film output by a third underscores a struggling genre and the company’s desperation to survive after merger talks failed.
An SEC filing Thursday details Dwa’s reduction strategy, a plan some analysts say is a risky model that at best will keep the struggling animation studio afloat, but is not a long-term solution.
“It’s a company in a dire situation,” Rich Greenfield, Media & Tech Analyst at Btig & Angel Investor, »
- Linda Ge and Matt Donnelly
In the wake of recent low-performing movies such as Rise of the Guardians, Turbo and Mr. Peabody and Sherman, DreamWorks Animation has announced a restructuring of the company. The studio will now only release two movies a year instead of three, cutting over 500 jobs. DreamWorks Animation also announced its new slate over the next three years, with the studio releasing one original movie and one sequel each year.
However, the studio did not mention projects such as B.O.O.: Bureau of Otherworldly Operations, which was recently pulled from its 2015 release, and other previously-scheduled releases such as Mumbai Musical (March 10, 2017), Madagascar 4 (May 18, 2018) and Puss in Boots 2: Nine Lives and 40 Thieves (November 2, 2018). It isn't known if these projects are being delayed indefinitely or not. Take a look at the full press release from DreamWorks Animation below.
DreamWorks Animation is implementing a new strategic plan to restructure its core feature »
The embattled studio is letting go of marketing chief Dawn Taubin, vice-chair Lew Coleman and COO Mark Zoradi as it plans to lay off approximately 500 people and cut the feature slate to two films a year.
In a call with analysts on Thursday (January 22) announcing the restructure, DreamWorks Animation chief Jeffrey Katzenberg said that he was returning his focus to the core business of making “outstanding” features.
Katzenberg said the company, which in recent years has turned its sights to digital and short-form entertainment alongside the film roster, expected to take another write-down of approximately $55m pursuant to the poor performance of Penguins Of Madagascar and Mr. Peabody & Sherman.
The studio has already put into effect write-downs on Mr. Peabody & Sherman, Rise Of The Guardians and Turbo.
The first three quarters of 2014 resulted in a 10% revenue drop and a $46.4m net loss. The corresponding period in 2013 generated a $37.9m profit.
How To Train Your Dragon 2 has offered »
- email@example.com (Jeremy Kay)
“Making three films a year was too ambitious,” Katzenberg told analysts after announcing a major reorganization of the Glendale, Calif., toon studio that is resulting in layoffs of around 500 people, including its chief marketing officer, Dawn Taubin, and chief operating officer, Mark Zoradi. Chief creative officer Bill Damaschke already had stepped down, while vice chairman and former chief financial officer Lew Coleman is retiring.
After a string of box office misfires that have included “Rise of the Guardians,” “Turbo,” “Mr. Peabody & Sherman” and, more recently, “The Penguins of Madagascar” — forcing the company to write off more than $290 million in losses — Dwa was forced to make changes.
- Marc Graser
“I am confident that this strategic plan will deliver great films, better box office results, and growing profitability across our complementary businesses,” says CEO Jeffrey...
DreamWorks Animation will release two films per year, down from three, and cut approximately 500 jobs across the board in a restructuring of its core feature animation business, the company announced Thursday.
As part of the restructuring, top brass including Dawn Taubin, the studio’s marketing chief, Vice Chairman Lou Coleman and COO Mark Zoradi are leaving the company. The studio currently employs around 2,200 staff members and the cuts would make up about 18% of its workforce. »
- Linda Ge
1-20 of 27 items from 2015 « Prev | Next »
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