Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

DreamWorks Rises on Better-Than-Expected Sales for ‘The Croods’

April 8 (Bloomberg) -- DreamWorks Animation SKG Inc., the studio led by Jeffrey Katzenberg, advanced after a Lazard Capital Markets analyst raised his estimate for total domestic ticket sales for the film “The Croods.”

“The Croods,” which follows a prehistoric family challenged by new discoveries such as fire, will likely take in $192 million, up from a projection of $151 million, Barton Crockett, a Lazard analyst in New York, wrote in a note yesterday.

The first major animated film of the year, “The Croods” opened at No. 1 in U.S. theaters the weekend of March 22, taking in $43.6 million. Ticket sales last weekend fell 23 percent to $20.7 million, bring its total sales to $125.4 million. Sony Corp.’s “Evil Dead” ranked first with $26 million.

Glendale, California-based DreamWorks Animation rose 5.2 percent to $19.33 at the close in New York. The shares have increased 17 percent this year compared with a 9.6 percent gain for the Standard & Poor’s 500 Index.

To contact the reporter on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.