{"id":20246,"date":"2014-10-05T19:16:12","date_gmt":"2014-10-05T23:16:12","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=20246"},"modified":"2014-12-01T17:54:11","modified_gmt":"2014-12-01T22:54:11","slug":"dreamworks-animation-3","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2014\/10\/05\/dreamworks-animation-3\/","title":{"rendered":"DreamWorks Animation"},"content":{"rendered":"
by Devon Parker<\/pre>\n
\"1_dreamworks_animation_logo\"<\/a>
[1]<\/a>\u00a0The Dreamworks Animation Company Logo<\/p><\/div>\n
\n
\u00a0History<\/strong><\/p>\n
Dreamworks<\/a> SKG is a motion picture company that was originally founded in 1994 by Steven Spielberg<\/a>, Jeffrey Katzenberg<\/a> and David Geffen<\/a>. However it was not until the fall of 2004 that Dreamworks Animation<\/a> SKG got its start as a publicly traded company. Katzenberg then moved to become the Chief Executive Officer of Dreamworks Animation. It is now considered a separate company than Dreamworks SKG, producing exclusively high-end animated feature films [2]<\/a>.<\/p>\n
Key Executives<\/strong><\/p>\n
\"CEO\"<\/a>
[3]<\/a> Jeffrey Katzenberg: CEO. Photo Courtesy of Dreamworks Animation<\/p><\/div>
\"President\"<\/a>
[4]<\/a> Ann Daly: President. Photo Courtesy of Dreamworks animation<\/p><\/div>
\"VP\"<\/a>
[5] <\/a>Lew Coleman: CFO & Vice Chairmen. Photo Courtesy of Dreamworks Animation<\/p><\/div> <\/p>\n
Financials\u00a0<\/strong><\/p>\n
As the third quarter financial results were finalized and publicly shared at the end of October the company acknowledged their successes. The company reported total revenue for the quarter of $180.9 million, which in comparison to the\u00a02013 third quarter report of $154.5 million was a big accomplishment. \u201cThe third quarter of 2014 was strong for DreamWorks Animation, with both quarterly revenue and earnings per share up 17% in a year-over-year comparison,\u201d shared Katzenberg. The CEO attributed this success to the overwhelming success that How to Train Your Dragon\u00a02<\/em> brought the company. At the worldwide box office How to Train your Dragon 2<\/em> earned over $615 million at the worldwide box office making it the highest-grossing film of 2014. The 2014 fourth quarter results when finalized are expected to be determined\u00a0by the most recent release of Penguins of Madagascar,\u00a0<\/em>which premiered in theaters on November 26, 2014,\u00a0and the at home release of How to Train your Dragon 2 <\/em>[6]<\/a>.<\/p>\n
In Theate<\/strong>rs\u00a0<\/strong><\/p>\n
\"penguins\"<\/a>
[7]<\/a> Courtesy of Dreamworks Animation<\/p><\/div>\n
Dreamworks Animation’s most recent and only release over the past three months was this past Wednesday, November 26th. Penguins of Madagascar<\/a>,<\/em> a spin off of the Madagascar franchise that released in 2005.\u00a0The group of witty penguins, voiced by\u00a0Benedict Cumberbatch<\/a>,\u00a0Ken Jeong<\/a>, John Malkovich<\/a>, and\u00a0<\/span><\/span>Peter Stormare<\/a>\u00a0are\u00a0on a spy mission in which they must join forces in order to prevent an evil villain from taking over the world [7]<\/a>. The goal of this animation feature was to draw in the past fans of the franchise as well as attract the family holiday audience around the Thanksgiving release. The animation feature had an okay opening week finishing off second in the box office behind The Hunger Games: Mockingjay Part 1<\/a>.\u00a0<\/em>The weekend Box Office Mojo<\/a> shows its success over\u00a0just the holiday weekend grossing $25.6 million.\u00a0[8].<\/a> The box office also shows its success over the course of the first\u00a0five days, with a domestic gross of $36 million and a foreign gross of $65 million, giving the worldwide total of $98.6 million. Unfortunately the gross income of Penguins of Madagascar’s opening did not compare to that of Madagascar<\/em>‘s opening three day weekend of $60 million, therefore falling short of Dreamworks Animation’s ultimate expectations\u00a0[9]<\/a>.<\/p>\n
Recent Success<\/strong><\/p>\n