Connect with us

DreamWorks Shares Drop After ‘Guardians’ Debut


DreamWorks Shares Drop After ‘Guardians’ Debut

DreamWorks Animation shares dropped 3.1% to $17.49 in the pre-market trading on Monday morning after Rise Of The Guardians’ $32.6M domestic box office. Janney Capital Markets’ Tony Wible has called the much-buzzed about title “one of the most disappointing releases in the company’s history.” If the pre-market stock price holds, then DreamWorks Animation would be down almost 24% from November 2 when it hit a 52-week high of $22.98.

Some analysts expected to see the holiday title bring in between $55 million to $58 million during its first weekend. However, now the projected domestic take on the film has dropped to $134-$146 million (down from earliest forecast for $225M) and $312 million internationally (down from $338 million). In Russia, the film’s biggest international market so far, Guardians generated $5.9 million in its opening weekend — lower than Puss in Boots’ $14.9M opening in Russia, How to Train Your Dragon’s $7.3M, and Megamind’s $6.9M.

Some believe that overseas audiences will have to spend at least $235 millions to keep the movie from ending up in the red — which is still possible if the film matches the performance of Disney’s Tangled, which opened the same weekend in 2010.

Rise Of The Guardians

Rise Of The Guardians


More in Features


Recent Posts

Featured Trailers

Could not generate embed. Please try it again.

To Top