The donation by the DreamWorks Animation CEO and the Oscar-winning director to the upcoming Academy Museum of Motion Pictures will see the main lobbies of the facility named after their families. Here’s the Academy‘s release about the gift from Jeffrey Katzenberg and Steven Spielberg:
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Dominic Patten interviews directors Kirk De Micco and Chris Sanders and Sound Designer Randy Thom on the character voice work, sound mixing and music integration on Dreamworks Animation‘s hit ‘toon The Croods as part of Deadline’s sold out … Read More »
Listen to (and share) episode 57 of our audio podcast Deadline Big Media With David Lieberman. Deadline’s executive business editor and host David Bloom talk about Time-Warner Cable, which says that its recent CBS blackout was surprisingly painful but worth every penny, even as retiring CEO Glenn Britt looks back on 41 years in the business. They also talk about Facebook, which is trying to relocate its mojo as young teens turn elsewhere and marketers get frustrated; DreamWorks Animation, which finally has reason to look animated as short sellers take a pounding; and Google, which announced a slew of new mobile and social media products that could have big impacts on the phone business.
Deadline Big Media, Episode 57 (MP3 format)
Deadline Big Media, Episode 57 (M4a format) Read More »
I expected shares to be up after yesterday’s report, where Q3 revenues and profits soundly topped analyst expectations. But I didn’t think DreamWorks Animation would be +18% in afternoon trading, after touching $33.02 — the highest it’s been since September 2010. What’s going on? “It looks like a short squeeze” — the aftermath of bet by short sellers that went bad — says Sterne Agee’s Vasilly Karasyov. Short sellers profit when a company’s stock price drops: They borrow shares, sell them, and then repurchase them at what they hope will be a lower price. That looked like a safe gamble for DWA. Its stock had appreciated 40% over the 12 months ending yesterday. And it appeared ready to fall as some analysts projected that the studio would have to report an impairment charge for its summer release, Turbo, a box office disappointment. Janney Capital Markets’ Tony Wible — one of just two analysts urging investors to buy the stock — says DWA is “a hated name [on Wall Street] with a high short position.” If the company beat expectations, though, it would be “the recipe for a big boost that is likely aided by short covering.” And DWA did surprise.
Related: DreamWorks Animation Shares Slip After Analyst Lowers ‘Turbo’ Forecast
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It’s a low bar. But the projection by the DreamWorks Animation CEO in a conference call with analysts should reassure investors who feared that the company would have to record an impairment charge for its summer release about a … Read More »
Can’t say that the studio had a good quarter, but Wall Street is all about expectations and on that score it looks OK with shares up 7.8% post market. DreamWorks Animation generated $10M in net income, down 58.8% compared with last year, on revenues of $154.5M, -17%. Analysts expected revenues to come in at $140.3M. Earnings at 12 cents a share also beat expectations for a penny. The company says it will begin to report its numbers for four segments: feature films, TV series and specials, consumer products, and other. The feature film unit generated $120.7M in revenue and $55.4M in gross profit. Library titles contributed the most, with $52.2M in revenues. Rise Of The Guardians came next with $42.4M, mostly from worldwide pay TV. Madagascar 3: Europe’s Most Wanted kicked in $10.9M, followed by the summer release Turbo with $6.4M, and 2011′s Puss In Boots with $4.8M. The TV operation had $18.2M in revenue and a $4.2M gross profit, which the company says came mostly from Classic Media content and Cartoon Network’s DreamWorks Dragons: Riders Of Berk.
Jeff Katzenberg: ‘Turbo’ Will Be Profitable
DreamWorks Animation Shares Slip After Analyst Lowers ‘Turbo’ Forecast Read More »
“Peabody here.” DreamWorks Animation is using the WABAC machine to transfer the world’s smartest person — er, dog — and his boy from The Rocky & Bullwinkle Show to the big screen. In Mr. Peabody & Sherman, the title duo (Ty Burrell and Max Charles, respectively) travel back … Read More »
Jeffrey Katzenberg told a packed audience at Mipcom today that he offered the folks behind Breaking Bad $75M to produce three additional episodes of the hit series. But he had one criteria: They would have to be delivered in 30, six-minute chapters. The DreamWorks Animation chief said he would have used the content to create “the best pay-per-view scripted TV event ever” by releasing the snippets over 30 days on VOD platforms like iTunes for 99 cents per. “There’s no doubt people would buy it every day, everyone would be there waiting for the next six minutes,” he said. The self-confessed fan said he came up with the idea prior to learning how the show would end. Given the ultimate demise of its central character, it was “not a very good idea, as we now know,” Katzenberg laughed. But, he shared the story to exemplify his vision of the potential of short-form entertainment.
Katzenberg is Mipcom’s Personality of the Year and was delivering a keynote this afternoon in Cannes when he made the comments. “I have the courage of my convictions in this, I just think there is a whole new platform” for short-form entertainment to fill up “waiting time.”
Related: DreamWorks Animation Launches Effort To Re-Position Itself As A Television Power Read More »
He helped bankroll Barack Obama’s re-election and now the DreamWorks Animation CEO is aiming to take out the Senate Minority leader in next year’s midterms. Jeffrey Katzenberg today sent an email to fellow local Democrats urging them to turn up and hand over checks for Kentucky Secretary of State Alison Lundergan Grimes during her fundraising visit to LA on September 25-26. “Alison is the antidote to McConnell and all he represents. She can win, and she will win if she gets the support she needs,” said Katzenberg. “There is no more important election being held next year in this country,” he also wrote. The DWA boss and top Obama bundler said he’s already given all he legally can to Grimes’ campaign but asked for donors to hand over $5,200 and $10,000 to the Democrat. Politico first reported the Katzenberg letter. The only scheduled event planned so far is a lunch at Il Moro on September 25 but an insider tells me that a full mogul itinerary is being put together to introduce Grimes to all the major players and donors. She’s going to need every dime they give her. Expecting a strong challenge in 2014, Senator McConnell has already amassed a campaign war chest of almost $10 million according to fundraising report records – and that’s without RNC support and other third party backers.
Related: Obama Meets With Katzenberg Post-’Tonight’ Taping Read More »
UPDATE, 3:25 PM: It’s official. Dawn Taubin has been named Chief Marketing Officer at DreamWorks Animation. The full release follows below:
PREVIOUS: Jeffrey Katzenberg has hired Dawn Taubin as Chief Marketing Officer at DreamWorks Animation, sources tell Deadline. Taubin’s appointment follows the departure of marketing chief Anne Globe. Katzenberg announced earlier this week that Globe had decided to leave DWA to start her own consulting business. Taubin formerly headed domestic marketing at Warner Bros from 2002 to 2008 where she oversaw the Harry Potter franchise, 300: Rise Of An Empire and the launch of Christopher Nolan’s Batman series. She also marketed the animated Happy Feet for WB. She also served as an award and marketing consultant on The Help and War Horse for DreamWorks Pictures.
Glendale, CA – August 8, 2013 – Dawn Taubin, one of the most experienced marketing executives in the entertainment industry, is joining DreamWorks Animation (Nasdaq: DWA) as chief marketing officer. Taubin, who most recently held the role of president of marketing for Warner Bros., will head all of marketing for the studio including theatrical, television and global brand initiatives.
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UPDATE, 7:00 AM: CEO Jeff Katzenberg tells staffers this morning that Anne Globe ”has made the decision to leave DreamWorks Animation to start her own consulting business.” He praised her “unmatched dedication, drive and expertise” marketing DWA films, TV series, and theatrical productions and forging relationships with companies including McDonald’s, Intel, Hewlett Packard, Nickelodeon, and General Mills. “On a personal note, Anne, you’ve been a talented and creative executive, partner and friend to me. Your grace and strength are only outshined by your generosity and professionalism. You’re a class act and I hold you in the highest regard. I hope to continue our friendship for many years to come.” (See his full note below.)
PREVIOUS, 6:14 AM: The Chief Marketing Officer “has decided to leave the Company” today, DreamWorks Animation disclosed in an SEC filing this morning. The company reported the financial terms of Anne Globe’s separation which include her becoming fully vested in her restricted stock — although other equity-based and long-term incentive awards “have been canceled.” Read More »
The Dreamworks Animation CEO attributes his movie’s problems to an “oversaturated marketplace” as the release was overwhelmed by family friendly competition. “We hit a perfect storm here,” Jeffrey Katzenberg told analysts in a call to discuss Q2 earnings. … Read More »
DreamWorks Animation has found the person to spearhead its march into TV programming. The studio announced today as part of its second-quarter earnings call that former top Nickelodeon programming executive Marjorie Cohn has been named DWA’s first Head … Read More »
Shares are up about 4.7% in post market trading after DreamWorks Animation released its Q2 report. It shows net income of $22.2M, +74.2% vs the period last year, on revenues of $213.4M, +31.1%. Revenues were well ahead of the … Read More »
The stock is down 7% midday as investors try to determine how much, or little, DreamWorks Animation can expect from Turbo following its weaker-than-expected $31.1M domestic opening weekend box office results. “Investors will probably shoot first and ask questions later given the domestic performance,” says Stifel analyst Benjamin Mogil … Read More »
Ross Lincoln contributes to Deadline’s Comic-Con coverage
Cate Blanchett, Kit Harington and Djimon Hounsou have joined the voice cast of How To Train Your Dragon 2, it was announced minutes ago during the DreamWorks Animation panel on the first official day of Comic-Con. Blanchett will play a character named Valka, a vigilante warrior devoted to rescuing dragons from enslavement. Hounsou will play Drago Bludvfist, a “maniacal” villain bent on capturing and enslaving the world’s dragons. Harington, who plays Jon Snow on the now-Emmy-nominated HBO series Game Of Thrones, will make his voice-acting debut as Bludvfist’s lieutenant Dragon Prince, the self-described “greatest dragon trapper in the world”; this will be Harington’s first time voice-acting. The announcements were made near the end of the panel, which was largely devoted to clips from and discussion of DreamWorks Animation’s just-released Turbo, Mr. Peabody & Sherman, and the second installment of the Dragon franchise; a third installment already has staked on a June 26 release date. Turbo director David Soren, Mr. Peabody director Rob Minkoff, and Dragon 2 helmer Dean DeBlois attended the panel, joined by DWA co-president of production Bill Damaschke.
Although Turbo was released yesterday to lukewarm response, audience reaction during the panel was positive. This continued with the response to a clip from Mr. Peabody & Sherman, which despite being based on characters nearly 50 years old saw every joke land strongly — and huge applause at the end. Two clips from How To Train Your Dragon 2 were shown, both of which received enormous response, including a few who stood and applauded when the second clip ended. Read More »
The new clip doesn’t divulge plot details, but there’s some fancy flying going on, along with serious free-falling. How To Train Your Dragon 2 takes place five years after the 2010 original — a half-billion-dollar global sleeper for DreamWorks Animation — and Toothless the dragon’s human Hiccup is … Read More »
DreamWorks Animation is putting a lot of muscle behind Turbo, about a snail that feels the need for speed: The studio is doing an animated series for Netflix based on the property, and in May hooked up with the Indianapolis 500. That’s to help keep the momentum going … Read More »