Dragon Disappointment Drops DreamWorks Stock
With HOW TO TRAIN YOUR DRAGON underperforming compared to DreamWorks Animation’s last feature MONSTERS VS. ALIENS, the company’s stock fell 8% on Tuesday, March 30th, according to THE HOLLYWOOD REPORTER. Despite marking a record box office for an animated film on IMAX, DRAGON earned only $43.7 million compared to MONSTERS’ $59.3 million. Shares are now trading at $39.34.
MONSTERS made $382 million globally, which wasn’t enough for DreamWorks to feel comfortable greenlighting a sequel. Some are blaming the poor numbers on the lack of 3-D screens available.
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How To Train Your Dragon maybe one of the best animated films to come out of Dreamworks since Prince of Egypt. Keep up the good work reguardless of what the numbers are!
I guess the trick then is to not have stocks in "your" company. Don't ask me how but the less boardroom interference the better. Bean counters are good for paying the electricity... but keep them away from the animation wing. ;o)
What most people fail to understand about the market, is that the stock price is bid up or down based on expectations of the future. They expected the movie to a certain amount of money, and that is what the stock price was set at. When it didn't make as much as expected, the stock price went down.
The problem with this is Dreamworks made money... they just didn't make enough. Can smeone tell me what is wrong with this picture? I can understand the need to make s profit but how much is not enough? I guess we'll see with thie movie, eh?
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