The studio could take the hit in its Q4 report, Lazard Capital Markets’ Barton Crockett predicts this morning, which might result in a 6 cent per share loss for the quarter vs his previous estimate for a 30 cent profit. Crockett figures that Rise Of The Guardians will end up generating $130M at domestic box offices, plus $276M overseas (similar to How To Train Your Dragon) with sales of 4.9M DVDs (compared to 6.1M for Megamind). What’s more, the analyst says that the “muted performance” of Guardians “is prompting us to pare-back box office assumptions for the rest of the 2013 slate” which includes The Croods, Turbo and Mr. Peabody And Sherman. He figures each film could generate $160M domestically and $325M abroad. That would take earnings to about 98 cents a share in 2013 — down from his previous forecast for $1.52 — even though the new films will cost less to produce, and Turbo could generate lots of licensing revenue from a toy deal with Mattel. If DreamWorks has another money-loser in 2013 “investor confidence could be rattled,” Crockett says. “We see enough risks in a slate thick with new franchise attempts to believe the more prudent course, for now, is to maintain a modest movie outlook.”
DreamWorks Animation Could Take $45M Write-Off For ‘Guardians’: AnalystBy DAVID LIEBERMAN, Executive Editor | Deadline.com – Tue, Dec 18, 2012 9:32 AM EST
Explore Related Content
News for You
- 'Star Trek' Tech: How Long Before We Really Have Transporters, Tricorders, and Holodecks?
Burning Question: The new "Star Trek" movie has stirred up an old debate I have with my friends: are transporter beams ever going to be possible or not? — M. Dunne Let's not stop our nerd-out there. Let's go full-on … Continue reading →
- NYers furious over photos taken through windows
NEW YORK (AP) — In one photo, a woman is on all fours, presumably picking something up, her posterior pressed against a glass window. Another photo shows a couple in bathrobes, their feet touching beneath a table. And there is one of a man, in jeans and a T-shirt, lying on his side as he takes a nap.
- Hulk, Ant-Man & Doctor Strange Focus Of Marvel's Phase Three
On the heels of "Iron Man 3" hitting the billion-dollar mark this week, Marvel Studios is opening up about which superheroes they intend to bring to the big screen in coming years.
- Zach Galifianakis Quits Drinking After Two Men Spit in His Face
The Hangover III star tells Conan O'Brien about the drunken altercation that scared him sober
- Kristen Stewart, Robert Pattinson Break Up - For Now
A source close to Pattinson tells Us Weekly that the Twilight costars are currently on a break -- but a reconciliation is in the cards