DreamWorks Animation

Posted on April 7, 2013 by alwenner

by Alex Wenner

1000 Flower St.
Glendale, CA, 91201, United States
(818) 695-5000
dreamworksanimation.com

Origins:

DreamWorks’ Steven Spielberg, Jeffrey Katzenberg and David Geffen on the cover of Time Magazine, March 27, 1995. Coutesy of malibucomplete.com

Co-founded in 1994 by entertainment veterans Stephen Spielberg, Jeffrey Katzenberg and David Geffen, DreamWorks Animation SKG has released a total of twenty-six animated feature films that have grossed over $10 billion worldwide (as of 2012). In 1995, DreamWorks embarked on a co-production venture with Pacific Data Images. This new unit was created to produce computer-animated motion pictures, beginning with 1998’s Antz. In 2005, Viacom purchased the live-action division of DreamWorks, only to end this partnership in 2008. Reliance Entertainment now acts as its parents company. 20th Century Fox took over international marketing and distribution for SKG in 2012, and the SKG studio now handles its own domestic distribution. In addition to feature films, DreamWorks produces television programming and other family entertainment. [1] [2]

Key Executives:

Spielberg, Courtesy of static-I3.org

Jeffery Katzenberg, Courtesy of hollywoodreporter.com

Jeffrey Katzenberg – CEO and Director: Directed Disney‘s animation unit to successes like The Little Mermaid (1989), Beauty and the Beast (1991), Aladdin (1992), and The Lion King (1994) before co-founding DreamWorks Animation in ’94. Heavily involved in early SKG animation hits.

Lew Coleman – President and CFO: Spent 37 years in the banking industry before joining SKG in 2007.

Stephen Spielberg– Principal Partner: One of Hollywood’s most recognizable names and

Lew Coleman, Courtesy of dreamworksanimation.com

talents, Steven Spielberg co-founded the studio. From 1997 to 2008’s Indiana Jones and the Kingdom of the Crystal Skull , all Spielberg films were released through DreamWorks live-action division. [3] [4]

Financials: [5]

Revenue: $749 million (2012)

Operating Income: -$65 million (2012)

Animation Portfolio:
DreamWorks has enjoyed considerable success, both commercial and critical, with its large library of animated films. SKG’s films boast a $430 million gross average, an astounding number second to only Pixar. Four of DreamWorks films rank amongst the fifty highest-grossing films of all time, and the studio can lay claim to sixteen of the fifty highest-grossing animated features of all time. Though the studio has a history of traditionally-animated films (The Road to El Dorado, Sinbad), SKG has confirmed that all future films will be computer-animated. [6]

Chicken Run (2000)

Courtesy of impawards.com

Co-financed and distributed by DreamWorks for Aardman Animation, the stop-motion animated Chicken Run marked one of the company’s first forays into animated motion pictures. It was a decisive success, grossing nearly $228 million worldwide with a $42 million budget.

Shrek (2001)

DreamWorks found solid gold with the release of Shrek, a box-office smash-hit that

Courtesy of traileraddict.com

catapulted the studio to the forefront of film animation alongside studios like Pixar and Disney. The green ogre grossed $485 million worldwide and earned the Academy’s first award for Best Animated Feature. The computer animation used in Shrek was different from the traditional animation methods used in previous DreamWorks features, and the film’s release marked a subtle change in direction for the studio; now it would focus its efforts almost entirely on computer animation. Its sequel, Shrek 2, would go on to shatter box-office records in 2004 ($920 million worldwide gross).

Madagascar (2005)

Courtesy of impawards.com

Following the computer-animated tradition of Shrek, Madagascar continued the string of massive success for SKG, taking in $530 million worldwide in ’05.

Kung Fu Panda (2008)

impawards.com

Jack Black stars in this computer animated comedy that marked DreamWorks biggest opening for a non-sequel, and the highest grossing animated feature of the year ($632 million worldwide).

Rise of the Guardians (2012)

Expected to launch a new franchise, Guardians (featuring a re-envisioning of classic characters Santa Claus, the Tooth Fairy, etc.) was considered a flop despite being well-received critically and grossing over $300 million worldwide. It also received a Golden Globe nomination for Best Animated Feature Film. [7]

Courtesy of yodale.org

Recent Activity:

February 26, 2013 – DreamWorks Animation reported a quarterly loss of nearly $83 million, mainly due to the disappointing performance of Rise of the Guardians (which still brought in over $300 million to an estimated $145 million budget, excluding marketing costs). CEO Jeffrey Katzenberg attributes Guardians lackluster performance to poor marketing. Another film in production, Me & My Shadow, was sent back into development, accruing more losses for the studio. As a result of the studios reset setbacks, SKG announced a series of layoffs that will see around 350 employees lose their jobs by the end of the year. This resulted in a small drop in SKG stock.[8]

March 13, 2013 – Despite watching its stock price drop in the wake of its 4th quarter earnings report, DreamWorks Animation SKG stock experienced an 8% rise after an analyst predicted the studio’s new release, The Croods, will exceed box office expectations. As of April 7th, The Croods has earned over $330 million worldwide in two and a half weeks. [9] [10]

March 20, 2013 – DreamWorks Animation releases the theatrical trailer for its upcoming summer 2013 animated feature, Turbo. Starring voice talent such as Ryan Reynolds, Snoop Dogg, Paul Giamatti and Luis Guzman, the film chronicles a snail’s dream of becoming a racing legend, and will be distributed by 20th Century Fox. [11]

Upcoming Projects- Even with the recent theatrical release of The Croods and the summer release of Turbo, DreamWorks Animation SKG has a full slate of movies set for production. Two sequels to SKG’s acclaimed How to Train Your Dragon (2010) are set for release in 2014 and 2016. In fall 2013, SKG plans to release Mr. Peabody & Sherman, a Rocky & Bullwinkle spin-off. With five planned releases including new films from the Madagascar and Kung Fu Panda franchises, 2015 figures to be a huge year for Animation SKG. [12]

Sources:

[1] http://animation.about.com/od/industryprofiles/p/dreamworks.htm

[2] http://www.dreamworksanimation.com/company

[3] http://quotes.wsj.com/DWA/company-people

[4] http://www.forbes.com/companies/dreamworks-animation/

[5] http://quotes.wsj.com/DWA?mod=DNH_S_cq

[6] http://animation.about.com/od/industryprofiles/p/dreamworks.htm

[7] http://www.the-numbers.com/movies/series/DreamworksAnimation.php

[8] http://mediadecoder.blogs.nytimes.com/2013/02/26/dreamworks-reports-82-7-million-loss/

[9] http://www.hollywoodreporter.com/news/dreamworks-animation-stock-surges-8-428424

[10] http://www.boxofficemojo.com/movies/?id=croods.htm

[11] http://www.firstshowing.net/2013/watch-dreamworks-animations-speedy-theatrical-trailer-for-turbo/

[12] http://screenrant.com/dreamworks-animation-lineup-2013-2016/all/1/

DreamWorks Animation

Posted on March 31, 2013 by Alexander Benis

by Alex Benis

DreamWorks Animation SKG

Location

1000 Flower Street, Glendale, California 91201

(818) 695-5000 ; www.dreamworksanimation.com

Key Executives

Jeffrey Katzenberg (Chief Executive Officer/Director/Co-Founder) [pictured below]

Lew Coleman (President/Chief Financial Officer)
Ann Daly (Chief Operating Officer)
Anne Globe (Chief Marketing Officer)
Heather O’Connor (Chief Accounting Officer)
Michael R. Francis (Chief Global Brand Officer)
Andrew Chang (General Counsel/Corporate Secretary)
Rich Sullivan (Deputy Chief Financial Officer)

About

DreamWorks Animation SKG is an animation studio located in Glendale, California that produces animated films, television series and live entertainment for audiences worldwide. With a staff totaling more than 2,100 employees facilitating production, DreamWorks creates and distributes on average roughly three feature-length films for theatrical release in addition to many other smaller-scale projects. Boasting the rank of being the fourteenth best place to work according to Fortune Magazine, the animation studio is the one of the most versatile in the world and is the birthplace of stories that wrestle with the imagination.

Historical Background

DreamWorks SKG was jointly founded on October 12, 1994 by the triumvirate made up of: director & producer Steven Spielberg, music executive David Geffen and former Disney executive Jeffrey Katzenberg. With its formation, artists from Spielberg’s previous unsuccessful animation studio, Amblimation, were attracted for employment. In 1995, the young animation studio signed a co-production deal with Pacific Data Images, forming the subsidiary PDI, LLC which split the ownership 60/40 favoring PDI. The new business partition would go on produce its first-ever feature film: Antz. In 1997, DreamWorks partnered with British stop-animation studio Aardman Animation to co-produce Chicken Run. At the turn of the century, DreamWorks SKG created the business division DreamWorks Animation and halted the use of hand-drawn animation following the production of Shrek (which went on to win the Academy Award for Best Animated Feature Film). In 2004, the studio became the first to produce two computer-generated animated feature films in a single year with the theatrical release of Shrek 2 and Shark Tale. The same year, DreamWorks Animation was further divided into DreamWorks Animation SKG, Inc. managed by Katzenberg under the terms that 12 new films be distributed by the end of 2010’s fiscal fourth quarter.

Financials

For 2012, the animation studio raked in an impressive $749.8 million – topping its previous year’s revenue by $42 million dollars which can be credited to the release of Madagascar 3: Europe’s Most Wanted. Additionally, DreamWorks ended 2012 with $82.7 million in revenue with their total assets reaching $1.945 billion and a total equity of $1.346 million. Their fiscal fourth quarter results are as follows:

From June to September, DreamWorks increased their annual revenue from $162.8 million to $186.3 million. Following the month of October, profitability increased much more rapidly – with the most likely cause being related to the marketing of their newest movie at the time: Rise of the Guardians. By December 31st, the studio’s revenue stream for the quarter was capped off at $264.66 million, slightly over a third of their annual earnings. Overall, DreamWorks incurred a $36.4 million loss over the course of the entire year in comparison to their overall revenue of the previous year.

In The News

Dreamworks’ fourth quarter holiday release, Rise of the Guardians, proved successful at the box office: being largely responsible for just over one-third of the animation studio’s overall revenue for that year. Centering around an evil spirit named Pitch, the character archetypes of imagination (The Sandman, The Tooth Fairy, Santa Clause, etc.) are given no choice but to join forces in order to defeat a looming enemy that threatens childrens’ beliefs. Starring heavyweights Alec Baldwin, Hugh Jackman and Jude Law, the film was described by one critic as being “one for the kids, [but] fun enough to put a smile on parents’ faces.” Domestically, Rise of the Guardians grossed $103 million, which was surprisingly only 34% of its $303.5 million worldwide gross. In the weeks that followed its release, the film was rewarded with a 74% fresh tomato overall.

Released just last week on March 22, DreamWorks Animations’ The Croods grossed a total $72.8 million its opening weekend. When a prehistoric family’s home is destroyed, they are forced to embark on a journey across an unfamiliar land in search of a new home. Written-and-directed by Chris Sanders (Lilo and Stitch, The Lion King) and Kirk de Micco, the feature film boasts a talented cast starring Nicholas Cage, Emma Stone and actor Clark Duke, who is best-known from roles in the ABC series GREEK and the acclaimed superhero movie Kick-Ass. The film is currently the highest-grossing film at the box office – concluding the weekend at $43.6 million. The Croods also holds a 67% fresh rating on rottentomatoes.com and a 7.5/10 on imdb.com. After just two weeks at the box office, Dreamworks first animated feature film of 2013 has grossed $227 million in total and is currently the number one ranked movie worldwide. So far, The Croods is in position to exceed studio’s 2012 revenue profitability – with two other feature-length theatrical releases later this year.

Upcoming Animations

July 19, 2013: Turbo

Following the story of a snail who gains superior speed after a freak-accident, Turbo aspires to escape his slow-paced world to compete in the Indy500. Ryan Reynolds, Paul Giamotti and Ken Jeong are all attached to the project set to be the studio’s primary summer release.

November 1, 2013: Mr. Peabody & Sherman

Mr. Peabody & Sherman is DreamWorks’ adaptation of the well-known Rocky and Bullwinkle side-cartoon about an exceptionally smart dog who owns a human as a pet. When they travel back in time, they are tested when they realize they could potentially unravel the fabric of their universe. The feature film is set to be directed by Rob Minkoff (The Lion King) and will star Ty Burrel (Modern Family) and Max Charles (The Amazing Spiderman) voicing Mr. Peabody and Sherman, respectively.

March 14, 2014: Me and My Shadow

Lesser-known than DreamWorks’ two previously-mentioned feature films, Me and My Shadow follows the story of a seemingly boring man’s shadow that craves for a more exciting lifestyle.

Other Projects Currently In Production

June 20, 2014: How To Train Your Dragon 2

November 26, 2014: Happy Smekday!

March 27, 2015: The Penguins of Madagascar

June 5, 2015: Trolls (working title)

November 6, 2015: B.O.O.: Bureau of Otherworldly Operations

[Seth Rogan supposedly attached]

December 19, 2015: Mumbai Musical (working title)

[Kevin Lima (Tarzan, Enchanted) will be directing with music composed by A.R. Rahman (Slumdog Millionaire)]

March 18, 2016: Kung Fu Panda 3

June 18, 2016: How To Train Your Dragon 3

Sources

[1] http://dreamworksanimation.com

[2] http://ycharts.com/companies/DWA/revenues

[3] http://finance.yahoo.com/q/is?s=dwa

[4] http://ir.dreamworksanimation.com/releasedetail.cfm?ReleaseID=743403

[5] http://money.cnn.com/magazines/fortune/best-companies/2012/snapshots/14.html

[6] http://screenrant.com/dreamworks-animation-lineup-2013-2016/all/1/

[7] http://www.rottentomatoes.com/m/the-croods/

[8] http://www.imdb.com

[9] http://boxofficemojo.com

Walt Disney/Touchstone Pictures

Posted on September 18, 2012 by lma07

by [Li Ma]

Walt Disney Pictures Opening Logo

Touchstone Pictures Opening Logo

A Brief History:

Walt Disney Pictures

Walt Disney Pictures is a subsidiary of the Walt Disney Studios and owned by The Walt Disney Company. It was founded in 1928 with the name as Walt Disney Productions; in the year of 1983, the name was changed to Walt Disney Pictures. It is the main production company for animated and live-action feature films based at the Walt Disney Studios. One of the most recognizable films of Walt Disney Pictures is Snow White and Seven Dwarfs (1937), as it is the first full-length traditional animated feature in motion picture history; Walt Disney Pictures has also produced numerous popular and award-winning films such as Cinderella (1950), Peter Pan (1953), Sleeping Beauty (1959), The Little Mermaid (1989), The Lion King (1994), Toy Story (1995), Mulan (1998), Finding Nemo (2003), Pirates of the Caribbean (2003), Cars (2006), High School Musical III (2008), Alice in Wonderland 3D (2010), and so on.

Go to the official website of Walt Disney Pictures, please click here. [1]

Touchstone Pictures

Touchtone Pictures was established in 1984 as Touchstone Films; two years later, it received its new name as Touchstone Pictures. It is also an animated and live-action film banner of Walt Disney Studios. Most of its releases are typically for adults rather than for children. Since 2011, Touchstone Pictures banner has been assigned a 30-pictures distribution deal with DreamWorks Studios to distribute DreamWorks’ films over next five years. The most notable films that produced by Touchstone Pictures are Ernest Goes to Camp (1987), Good Morning Vietnam (1987), Who Framed Roger Rabbit (1988), Dead Poets Society (1989), Pretty Woman (1990), Sister Act (1992), Con Air (1997), Armageddon (1998), The Insider (1999), Rushmore (1999), The Royal Tenenbaums (2001), and so on.

Go to the official website of Touchstone Pictures, please click here. [2]

Recent News:

July

July 8, 2012

The Avengers (2012)

According to the Deadline News, Walt Disney Studios Motion Pictures has passed $ 1 billion domestic box office and become the first studio that reached the milestone of 2012. This great achievement was attributed to the movie The Avengers, which was distributed by Disney; it helped Disney gain a huge amount of domestic box office with $ 611.1 million. This time, Disney has broken the 2010 studio record of 210 days to reach the $ 1 billion box office by using only 188 days to reach the goal. It is also the 16^thtime that Disney has achieved this in the last 19 years. (Deadline, 2012) [3]

July 18, 2012

Disney will distribute Steven Spielberg’s movie Lincoln domestically through its Touchstone label; this movie was announced to be released on Nov. 9^th and expanded on Nov.16^th.

Lincoln (2012)

“Lincoln, starring Sally Field as Mary Todd Lincoln, is a likely awards contender and will hit theaters just as awards season begins to heat up in earnest.” (Hollywood Reporter, 2012)

Lincoln is also expected to be one of the movies that have most box office in the year of 2012. [4]

October

October 18, 2012

According to Hollywood Reporter, Tom Hanks recently visited the Disney Family Museum in San Francisco to have a three-week research for the role of the famous mogul in his new Disney movie Saving Mr. Banks.

Tom Hanks (left) and Walt Disney (Right)

This film is about the struggle between the author, who wrote the beloved novel in 1934, and Walt Disney who made a promise to his daughters in the 1940s to turn the book into a movie. However, from the very beginning of pre-production through to its successful release in 1964, Disney and Travers disagreed over script, tone and casting; Travers even complained that her character, which was depicted by Julie Andrews in her Hollywood debut, was too pretty and too nice; not even the overwhelming success of the movie would change the author’s mind.

“It’s like a trip to Disneyland itself, and it’s the third happiest place on the planet, behind Disneyland and Disneyworld.” (Hanks, T. 2012)

Walt Disney Pictures will release this film on December 20^th, 2013. [5]

October 30, 2012

The Walt Disney Company announced to acquire Lucasfilm Ltd., owned by George Lucas who is the chairman and founder of Lucasfilm, with a cash and stock transaction of $ 4.05 billion.

“Global leader in high-quality family entertainment agrees to acquire world-renowned Lucasfilm Ltd, including legendary STAR WARS franchise.” (Press Release, 2012)

Robert A. Iger, chairman and CEO, The Walt Disney Company, and George Lucas, chairman and founder, Lucasfilm sign the agreement for The Walt Disney Company to acquire Lucasfilm Ltd.

Disney also announced it would Continue its marketing strategy of delivering exceptional creative content to audiences around the world. In other words, besides Walt Disney Pictures’ efforts on the production of the 7^th episode of Star Wars, which is targeted for release in 2015, the rest of subsidiaries and affiliates of The Walt Disney Company will also contribute on its promotion. [6]

According to Robert A. Iger, the chairman and CEO of The Walt Disney Company,

“This transaction combines a world-class portfolio of content including ‘Star Wars,’ one of the greatest family entertainment franchises of all time, with Disney’s unique and unparalleled creativity across multiple platforms, businesses, and markets to generate sustained growth and drive significant long-term value.” (Robert, 2012) [7]

October 31, 2012

“Star Wars” films

According to Hollywood Reporter, Disney is buying Lucasfilm and producing three new “Star Wars” films.

These upcoming episodes are expected to have brand new concepts and plots with a notable visual improvement compared with the previous ones. As a result, 15 directors, such as J. J. Abrams, Jon Favreai, and Joe Johnston, were nominated as the potential directors for the new Star Wars films. [8]

November

November 30, 2012

Mel Shaw, an artist and writer who contributed to Disney animation classics as Bambi, Fantasia and The Lion King, died on November 22^ndat 97.

Mel Shaw (1914-2012)

He was recruited by Walt Disney, the founder of Disney Studio, and then joined and worked in his team. Shaw started his animation career by creating title cards at the end of the silent-film era for Leon Schlesinger’s Pacific Title and Art Studio. In the early 1930s, he helped Orson Welles create a storyboard for a version of The Little Prince that was never produced. In 1974, Walt Disney Studios asked Shaw to return to help mentor the next generation of animators. His last project for Disney was The Lion King (1994). Mel Shaw then was named a Disney Legend in the year of 1994. [9]

December

December 3, 2012

During the 17^th annual Satellite Awards on Monday, ten movies have been nominated as best motion picture by the International Press Academy, an organization that is composed of entertainment journalists for both domestic and foreign outlets.

The movie Lincoln, which is distributed by Touchstone Pictures domestically, has been nominated eight Satellite Awards, including best actor, best actor in a supporting role, best motion picture, best director, best adapted screenplay, best original score, best cinematography, and best art direction & production design. [10]

Upcoming Movies:

Iron Man 3 (May 3, 2013)

Oz: The Great And Powerful (March 8, 2013)

Lone Ranger (July 3, 2013)

The Little Mermaid in 3D (September 13, 2013)

Thor: The Dark Worlds (November 8, 2013)

Frozen (November 27, 2013)

Saving Mr. Banks (December 20, 2013)

The Muppets Sequel (2013)

Maleficent (March 14, 2014)

Captain America: The Winter Soldier (April 4, 2014)

Bears (April 18, 2014)

The Good Dinosaur (May 30, 2014)

Telsa (2014)

Phineas and Ferb (2014)

Guardians of the Galaxy (2014)

Star Wars: Episode VII (2015)

The Avengers 2 (May 1, 2015)

Ant-Man (November 6, 2015)

Finding Nemo 2 (2016)

Star Wars: Episode VIII (2017)

References:

[1] Walt Disney Pictures: http://movies.disney.com/

[2] Touchstone Pictures: http://www.waltdisneystudios.com/corp/unit/264

[3] Finke, N. (2012, July 8). Disney passing $1B domestic box office. Deadline. Retrieved from http://www.deadline.com/2012/07/disney-passing-1b-domestic-box-office/

[4] McClintock, P. (2012, July 18). Hollywood Reporter. Retrieved from http://www.hollywoodreporter.com/news/steven-spielbergs-lincoln-dated-early-351152

[5] Riefe, J. (2012, October 18). Tom Hanks on becoming Walt Disney for ‘Saving Mr. Banks’. Hollywood Reporter. Retrieved from http://www.hollywoodreporter.com/news/tom-hanks-becoming-walt-disney-380011

[6] Anonymous. (2012, October 30). Disney to acquire Lucasfilm for $4 billion. ABC News. Retrieved from http://abcnews.go.com/blogs/business/2012/10/disney-to-acquire-lucasfilms-for-4-billion/

[7] Anonymous. (2012, Oct 30). Disney to acquire Lucasfilm Ltd..The Walt Disney Company Press Release. Retrieved from http://thewaltdisneycompany.com/disney-news/press-releases/2012/10/disney-acquire-lucasfilm-ltd

[8] Zakarin, J. (2012, October 31). 15 potential directors for the new ‘Star Wars’ films. Hollywood Reporter. Retrieved from http://www.hollywoodreporter.com/news/new-star-wars-movies-director-384731

[9] Barnes, M. (2012, November 30). Legendary Disney animator Mel Shaw dies at 97. Hollywood Reporter. Retrieved from http://www.hollywoodreporter.com/news/disney-animator-mel-shaw-bambi-396272

[10] Kilday, G. (2012, December 3). Satellite Awards nominates 10 films for best motion picture. Hollywood Reporter. Retrieved from http://www.hollywoodreporter.com/race/satellite-awards-nominates-10-films-396865

DreamWorks Animation

Posted on September 18, 2012 by ijteckli

by Ian Tecklin

DreamWorks Animation SKG

Location

1000 Flower Street, Glendale, California 91201

(818)-695-5000 | http://www.dreamworksanimation.com/

About

DreamWorks Animation SKG is a publicly traded animation studio that produces animated feature films, television series, and live entertainment. The company strives to produce two or three animated feature films a year that offer its audiences original stories and high-quality visual imagery, with the hope of capturing the imaginations of its audiences.

Brief History

DreamWorks SKG was founded in 1994 by Steven Spielberg, Jeffery Katzenberg, and David Geffen. After signing a co-production deal with Pacific Data Images (PDI) in 1995, the studio went on to release its first film, Antz, in 1998. In 2000, DreamWorks SKG launched a new

division, DreamWorks Animation, with the intention of producing two types of animated feature films: stop-motion and CG. In 2004, after a series of highly successful computer-animated films, including Shrek, Shrek 2, and Shark Tale, the company stopped producing stop-motion, hand-drawn films, and instead focused on releasing only CG animated films. Most importantly, it was in late 2004 that the division separated and became a publicly traded company named DreamWorks Animation SKG, Inc. (NASDAQ: DWA), headed by Jeffrey Katzenberg. Subsequently, in 2006, DreamWorks Animation entered into a distribution agreement with Paramount Pictures, which will last until the end of 2012. Since its inception in 2004, DreamWorks Animation has released 25 animated feature films, all of which have an average gross of over $400 million, and a combined gross of over $10 billion worldwide. [1]

Key Executives

Jeffrey Katzenberg, Chief Executive Office and Director

Lew Coleman, President and Chief Financial Officer

Ann Daly, Chief Operating Officer

Anne Globe, Chief Marketing Officer

Heather O’Connor, Chief Accounting Officer

Andrew Chang, General Counsel and Corporate Secretary

Rich Sullivan, Head of Corporate Finance

Daniel Satterthwaite, Head of Human Resources

http://ir.dreamworksanimation.com/management.cfm

Major Competition

Pixar Animation Studios – http://www.pixar.com/

Blue Sky Studios – http://blueskystudios.com/

Walt Disney Animation Studios – http://www.disneyanimation.com/

Sony Pictures Animation – http://www.sonypicturesanimation.com/

Finances

For all of 2011, DreamWorks Animation SKG had a revenue of $706 million, net income of $110 million, total assets of $1.779 billion, and total equity of $1.357 billion [2]. More recently, DreamWorks Animation released its third quarter 2012 financial results on November 1, 2012. For the quarter, the company reported total revenue of $186.3 million and net income of $24.4 million, which is up from 2011’s third quarter results, which listed a revenue of $160.8 million and net income of $19.7 million [3]. The improvement in this quarter’s results are primarily due to the box office success of Madagascar 3: Europe’s Most Wanted, which grossed over $740 million at the worldwide box office.

July:

July 23, 2012

DreamWorks Animation SKG announces its acquisition of Classic Media for $155 million cash. Classic Media is an animation studio and production company that has the rights to classic properties including Casper the Friendly Ghost, Rocky & Bullwinkle, Lassie, The Lone Ranger, George of the Jungle, and Where’s Waldo. With this acquisition, DreamWorks Animation can now implement Classic Media’s large and diverse library of characters across its array of businesses, including feature films, television series, live entertainment, consumer products, and theme parks. Classic Media will become a division of DreamWorks Animation SKG, and will be renamed DreamWorks Classics. For the full article, click here [4].

August:

August 7, 2012

DreamWorks Animation SKG announces its plans to develop an entertainment district in Shanghai, China. The district will be called The Dream Center, and will cost an estimated $3.1 billion to construct. Within the district will be theaters, restaurants, shops, performance halls, and an entertainment area. The Dream Center is beneficial for both China and the United States. For China, it strengthens the country’s media industries and can have a positive effect on the economy. For the United States, it can increase revenue for American films and products, and target a growing Chinese population. In addition to promoting DreamWorks Animation properties, The Dream Center will also be home to Oriental DreamWorks, a $350 million animation studio, where only animated films for China will be produced. The Dream Center is expected to be completed in 2016. For the full article, click here [5].

August 20, 2012

DreamWorks Animation leaves Paramount Pictures and has hired 20th Century Fox as its distributor. Since its inception in 2004, DreamWorks Animation has been in a distribution agreement with Paramount, until the agreement’s scheduled termination in 2012. Since DreamWorks Animation does not have the resources to market and release its films on a global basis, it needs the help of a large studio. According to the report, Fox will receive an 8 percent fee for handling theatrical, DVD, and international distribution. The decision to enter into a distribution agreement with 20th Century Fox is surprising given the fact that Fox already has a successful animation studio called Blue Sky Studios, which has produced such hits as Rio and the Ice Age franchise. For the full article, click here [6].

September:

September 9, 2012

DreamWorks Animation releases its film schedule, which includes a slate of 12 films through 2016. The titles of the films are The Croods, Turbo, Mr. Peabody & Sherman, Me And My Shadow, How to Train Your Dragon 2, Happy Smekday!, The Penguins of Madagascar, Trolls (working title), B.O.O.: Bureau of Otherworldly Operations, Mumbai Musical (working title), Kung Fu Panda 3, and How to Train Your Dragon 3. DreamWorks Animation typically releases two to three films a year, however, with the new schedule, the company will release three to four films a year, an ambitious increase. For the full article, click here [7].

October:

October 17, 2012

DreamWorks Animation SKG CEO, Co-Founder and Director Jeffrey Katzenberg visits the S.I. Newhouse School of Public Communications at Syracuse University. Mr. Katzenberg came to Newhouse as part of the USA TODAY CEO Forum, moderated by USA TODAY’s Mike Snider. During the event, Mr. Katzenberg discussed stories from throughout his career, talked about the current state of the entertainment industry and where it is heading, and offered advice on careers in the entertainment industry. For a full recap of the event, click here [8].

November:

November 1, 2012

DreamWorks Animation SKG releases its Q3 financial results. According to the report, total revenue was $186.3 million and net income was $24.4 million (up from 2011 Q3 revenue of $160.8 million and net income of $19.7 million). In the quarter, regarding feature films, Madagascar 3: Europe’s Most Wanted contributed approximately $47.1 million of revenue, Puss In Boots contributed $44.8 million of revenue, Kung Fu Panda 2 contributed $9.0 million, and Megamind contributed $0.7 million. For a summary of the third quarter financial report, click here [9].

November 21, 2012

DreamWorks Animation releases Rise of the Guardians, a film about notable childhood figures (Santa Claus, Jack Frost, Easter Bunny, Tooth Fairy, and Sandman), who team up to fight and stop the Boogey Man from hurting children. The film debut to a disappointing $32.3 million over the five-day Thanksgiving weekend. In fact, the opening is the lowest for a DreamWorks Animation film since 2003’s Sinbad: Legend of the Seven Seas. The film cost an estimated $145 million to produce. Though Rise of the Guardians will not be a success at the box office, DreamWorks Animation’s next three films are all original stories, and given the company’s track record with original tales, the films should do well. For the full box office report, click here [10].

Upcoming Events

The Croods – March 22, 2013. To view the trailer, click here.

Turbo – July 19, 2013. To view the poster, click here.

Mr. Peabody & Sherman – November 1, 2013. To view the first-look image, click here.

Sources

[1] Box Office Mojo http://www.boxofficemojo.com/franchises/chart/?id=dwanimation.htm

[2] DreamWorks Animation SKG, Inc. http://files.shareholder.com/downloads/DWA/2039658139x0x563198/3224AB5D-241A-400B-BF77-702A544925C1/DWA_2011_Annual_Report.pdf

[3] DreamWorks Animation SKG, Inc. http://ir.dreamworksanimation.com/releasedetail.cfm?ReleaseID=718066

[4] Eriq Gardner http://www.hollywoodreporter.com/news/dreamworks-animation-classic-media-acquisition-155-million-353014

[5] David Barboza and Brooks Barnes http://www.nytimes.com/2012/08/08/business/global/08iht-park08.html?_r=0

[6] Brooks Barnes http://mediadecoder.blogs.nytimes.com/2012/08/20/dreamworks-animation-leaves-paramount-for-20th-century-fox-as-distributor/

[7] Nikki Finke http://www.deadline.com/2012/09/dreamworks-animations-release-schedule/

[8] Mike Snider http://www.usatoday.com/story/tech/2012/10/22/ceo-forum-dreamworks-jeffrey-katzenberg/1646191/

[9] DreamWorks Animation SKG, Inc. http://ir.dreamworksanimation.com/releases.cfm

[10] Box Office Mojo http://www.boxofficemojo.com/news/?id=3574&p=.htm

DreamWorks

Posted on March 19, 2012 by Alexandra Hayes

by Alexandra Hayes

A Brief History:

Steven Spielberg, Jeffrey Katzenberg and David Geffen are the founders of DreamWorks entertainment. They founded the company in 1994, and since then have produced numerous award-winning films such as Amistad, Saving Private Ryan, American Beauty, Gladiator, Meet the Parents, Cast Away, A Beautiful Mind and so on. “In the Fall of 2004, the animation division of the studio was spun-off into a publicly traded company named DreamWorks Animation (DWA).” DreamWorks was sold to Paramount Pictures, the Viacom owned studio, in January 2006. In 2008, the company partnered with the Indian film company, Reliance Big Entertainment, headed by Anil Ambani. Since then, DreamWorks has continued producing copious amounts of critically acclaimed and entertaining films. (DreamWorks Studios)

For DreamWorks Studios’ full history click here [1].

Recent News:

January:

January 18, 2012

According to The Hollywood Reporter, Disney’s marketing chief, MT Carney’s departure was confirmed on January 8, 2012. Disney was able to keep Carney’s replacement a secret until such time that a press release could be provided. This is relevant to DreamWorks because since 2009, Disney has distributed DreamWorks’ films.

At the January 12 dinner for the Critics’ Choice Movie Awards, Steven Spielberg confronted Disney’s studio chief about his frustration. “The sources say Spielberg told [Rich] Ross bluntly he was upset that he wasn’t consulted two or three weeks earlier, when Ross decided that Carney had an ‘out’ date and would be replaced.” (The Hollywood Reporter)

For the full article click here [2].

January 23, 2012

Steven Spielberg’s newest film, Lincoln, will be released in theaters in December 2012. Already the film will be distributed domestically by Disney due to DreamWorks’ partnership with the company. Recently, Fox has signed on to the project to distribute it internationally.

The film has an all-star cast, as well as a critically acclaimed director. “Daniel Day-Lewis portrays Abraham Lincoln in the film, which also stars Sally Field as Mary Todd Lincoln and Joseph Gordon-Levitt as Robert Todd Lincoln. Tommy Lee Jones and James Spader also star.” (The Hollywood Reporter)

For the full article click here [3].

February:

February 9, 2012

DreamWorks Studios will be working on remaking Alfred Hitchcock’s Rebecca (1940). The Screenplay will be written by Steven Kni ght who is known for Eastern Promises (2007). He will not only look at the previous film adaptation, but use the original book by Daphne DuMaurier, as well. (DreamWorks Studios)

For the full article click here [4].

February 17, 2012

Reliance Big Entertainment will not be breaking away from DreamWorks anytime soon, even though the company has reason to do so.

According to The Hollywood Reporter, Reliance invested $325 million in DreamWorks in 2008, aiding the ailing company immensely. “Attorney Schuyler Moore, who represents Reliance in some matters, says the company still plans to be a global media player. “They are happy with all their talent relationships,” he says. “They are happy with DreamWorks. They’ve been financially successful. They are thrilled with everything that’s happened.””

This is interesting seeing that Reliance has made many deals with DreamWorks, but nothing has really come of them. However, DreamWorks’ recent 10 Oscar nominations has impressed Reliance. Therefore the company wants to work out an arrangement with DreamWorks. (The Hollywood Reporter)

For the full article click here [5].

April:

April 10, 2012

After long and strenuous discussion, Reliance Big Entertainment has decided that it wants to keep its relationship going with DreamWorks. Reliance and DreamWorks have struck a deal that will allow Spielberg’s company to make about 8-10 movies over the next 2-3 years. “On larger movies, DreamWorks will seek to partner, as it has with Fox on the upcoming Robopocalypse, set for release in July 2013, and with Participant on The Help and Spielberg’s upcoming biopic Lincoln.” (The Hollywood Reporter)

For the full article click here [6].

April 12, 2012

On Thursday, April 12, DreamWorks’ head of physical production, Steve Molen, resigned. Even though Reliance will continue to finance DreamWorks, the new deal calls for some reduction at the ailing company. “His departure is associated with reductions in that department in the wake of the company’s renegotiation with Reliance Entertainment…” (The Hollywood Reporter)

For the full article click here [7].

April 13, 2012

DreamWorks, as a result of the recent negotiations with Reliance Big Entertainment, will be laying off about 10 of their 80 current employees. Steve Molen, head of physical production, resigned due to the fact that most of the layoffs will be in his department. Other departments being affected are legal, insurance and IT. (The Hollywood Reporter)

For the full article click here [8].

April 16, 2012

DreamWorks has expressed interest in buying the new project Need for Speed based on the extremely popular video game by Electronic Arts. “The project hit the town last week in a UTA-repped package that saw brothers John and George Gatins develop the story with George writing the script. John Gatins is producing with EA.”

Need for Speed is considered the most successful videogame in the world. (The Hollywood Reporter)

For the full article click here [9].

April 23, 2012

DreamWorks has recently attained the rights to the 2011 French-Canadian film Starbuck. Oddly enough the company wants to fast-track this film to have a production start date later in the year. Even more strange is the fact that DreamWorks has asked the original director, Ken Scott, to direct and write this remake only a year after its original release.

Starbuck is a film about a man who finds out he has 533 children due to sperm donation throughout the years. He then learns that a few hundred of them a interested in meeting their biological father. DreamWorks CEO Stacey Snider said, “We were completely charmed by the story in ‘Starbuck’ and saw the potential for a commercial remake with universal appeal.”

For the full article from Variety click here [10].

For the full article from collider.com click here [11].

Sources:

[1] DreamWorks Studios http://dreamworksstudios.com/about/history

[2] Kim Masters http://www.hollywoodreporter.com/news/steven-spielberg-disney-rich-ross-282936

[3] Pamela McClintock http://www.hollywoodreporter.com/news/steven-spielberg-lincoln-fox-dreamworks-284020

[4] Jeff Sneider Variety http://www.dreamworksstudios.com/news/dreamworks-to-remake-hitchcocks-rebecca

[5] Kim Masters http://www.hollywoodreporter.com/news/reliance-dreamworks-caa-indian-conglom-hollywood-292383

[6] Kim Masters http://www.hollywoodreporter.com/news/dreamworks-secures-additional-funding-reliance-310123

[7] Kim Masters http://www.hollywoodreporter.com/risky-business/dreamworks-steve-molen-physical-production-reliance-entertainment-311692

[8] Kim Masters http://www.hollywoodreporter.com/news/dreamworks-layoffs-stacey-snider-steve-molen-312009

[9] Borys Kit http://www.hollywoodreporter.com/heat-vision/dreamworks-need-for-speed-312493