Ice Age 2 Picked as Most Profitable Movie of ’06

Although Scrat and his preshistoric buddies from Fox/Blue Sky’s Ice Age: The Meltdown may have been snubbed by many of the year-end critics and awards groups, they are laughing all the way to the bank. According to a report released last week by Kagan Research, the movie was the most profitable, widely released feature of 2006. Produced with an estimated price tag of $256.4 million, Ice Age: The Meltdown brought in $1.1 billion during its all-release windows, placing it high on the list of Kagan’s profitability index.

Directed by Carlos Saldanha, Ice Age: The Meltdown is joined by three other CG-animated features on Kagan’s Top 10 list. Disney/Pixar’s Cars is at No. 8, while DreamWorks Animation’s Over the Hedge and Warner Bros.’ Happy Feet ranked ninth and tenth respectively.

From 2000-2006, only DreamWorks, Fox and Disney have animated KPIs in the profit range, based on 66 animated releases from 10 different distributors. Thanks to the phenomenal success of the Shrek franchise, DreamWorks is on top of the list with a 2.32 average KPI across its slate for this decade. ‘Animation is a tricky genre within the family-film group as only a few distributors historically have been very successful at it,” notes Kagan newsletter Motion Picture Investor.

KPI revenues account for theatrical rentals, video and television revenue but exclude merchandising, second-cycle video and second-cycle TV revenue. KPI costs include production costs, release prints, advertising and video replication but exclude distribution fees, overhead, interest, profit participations and residuals.The company includes in its research only theatrical releases that played on at least 1,000 screens.