Finally, there’s some good news for the folks at DreamWorks Animation, who had a rough period after Rise of the Guardians didn’t perform as projected at the box office and the upcoming Me & My Shadow had to be pushed back to 2014 instead of the original 2013 opening date. Analysts reported that the company shares have climbed 15% since its less-than rosy quarterly earnings reports two week ago.
Shares of DreamWorks Animation climbed 8 percent Wednesday on three times normal volume after an analyst upgraded the stock to “hold” from “sell” because it’s believed that the bad news is behind the studio, and the March release The Croods will perform better than projected. Directed by Chris Sanders and Kirk DeMicco, the film features the voices of Nicolas Cage, Emma Stone, Ryan Reynolds and Cloris Leachman and is expected to deliver about $150 million in the U.S. and about $300 million globally.
Last month, DreamWorks Animation announced an $87 million write-down due to the poor performance of Rise of the Guardians, plus other charges related to some layoffs and putting Me & My Shadow back into development.
DreamWorks should also get a nice boost in the gaming world today thanks to the new Rovio Entertainment’s The Croods mobile game for iOS and Android. The game finds the Croods breaking out of the Stone Age with the use of a new r-evolutionary tool: the IDEA! The Croods family will hunt & gather their way through spectacular new landscapes as they tame fantastic and never-seen-before creatures.
Fans can check www.rovio.com/theCroods to learn more.
Here is the game trailer:
