‘Anchorman 2′ Back On The Air With R Rating & “Nearly 800 New Jokes”

By | Friday February 21, 2014 @ 1:57pm PST

ANCHORMAN-2-The-Legend-Continues-poster-trailer-banner-HRAnchorman 2: The Legend Continues — and continues. Paramount‘s sequel, which sees the old KVWN news team helping launch a 24-hour cable news channel, is returning to theaters next week. But it’s not your standard reissue. The marquee-clogging Anchorman Read More »

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Katzenberg: ‘Hangover 2′ Slashed ‘Kung Fu Panda 2′, But No Comment On Netflix

UPDATE, 2:25 PM: DreamWorks Animation CEO Jeffrey Katzenberg has put away his pom-poms for 3D — and the higher ticket prices he has urged exhibitors to charge for it. He says that DreamWorks Animation will offer 2D versions of its films in addition to 3D because “we remain sensitive to the fact that we’re in a stressed economy bordering on a recession.” He admits that he’s “probably somewhat to blame” for the market’s overly optimistic expectations for 3D. Prospects for the technology are “in flux,” he says. But investors have become too pessimistic. His company’s commitment to 3D represents ”one of the best returns on investment of anything that DreamWorks Animation has done.”

Katzenberg won’t discuss his plan to offer online streaming rights to his films exclusively to Netflix: “We’re going to take a pass and punt on this one today. Lots of gossip and rumors and things going on. I’d prefer to take a no comment on this.” As for Kung Fu Panda 2, the CEO says it was “a terrible, terrible calamity” that the film came out in the U.S. the same week as The Hangover Part II. ”This is the first time we met a buzzsaw,” he said. The competition sliced about $20M from the expected box office sales for the animated film, he says. “It’s heartbreaking because there’s no recovering from it.” But he adds that “nowhere else in the world did this happen to us.” Indeed, while KFP2 “didn’t meet our expectations” domestically, it remains “a solid, profitable film” and “a valuable franchise.”

Nothing to report on DreamWorks’ talks to renew the distribution agreement with Paramount that expires at the end of 2012. Katzenberg says he won’t “answer a question that doesn’t have to be answered yet.” He adds that he’s unfazed by Paramount’s decision to ramp up its animation following its recent release of Rango. That film “had zero impact on us and our relationship with them.” Paramount’s plan “reaffirms the value and appeal of animation.”

DreamWorks shares initially soared more than 7% in after-hours trading. By the end of the analyst call they were up 4.3% over Tuesday’s $21.57 closing price.

PREVIOUS, 1:17 PM: DreamWorks Animation reported 2Q net income of $34.1M, up 42.1% vs the same period last year, on revenues of $218.3M, up 38%. Profits at 40 cents a share matched analysts’ consensus forecast. But the revenue number was higher; the Street expected $197.1M. Read More »

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DWA & Comcast: Who’s Pursuing Whom?

EXCLUSIVE: To overhear Jeffrey Katzenberg’s private conversations these days, Comcast supposedly wants to buy DreamWorks Animation Katzenberg400and make him head of NBC Universal. But at last week’s Camp Allen — Sun Valley’s annual Alllen & Co investment conference attended by the Who’s … Read More »

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IFC To Air Judd Apatow’s Cult TV Series

Nellie Andreeva

A decade after their short runs, Judd Apatow’s cult series Freaks and Geeks and Undeclared are getting another shot on IFC. The cable channel has acquired all 18 produced episodes of the NBC dramedy, created by Paul Feig and produced by Apatow, and all 17 segments of the Fox comedy, … Read More »

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Spielberg vs Paramount: The Real Story

dpar.jpgApparently it’s news to The New York Times — though to no one else in Hollywood – that there may be friction when Paramount and DreamWorks try to unentangle themselves. What’s a better story the newspaper could have written for Thursday’s … Read More »

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