Teamwork makes the Dreamwork
DVD sales from ”Shrek the Third” combined with box office sales from “Bee Movie” helped Dreamworks (DWA) post a 69% increase in profits this quarter. Wonder what’s next?
Dreamworks has upcoming projects including “How to Train Your Dragon” and “Monsters vs. Aliens.” And for those of you who thought Shrek was finished, think again! Shrek: The Musical hits Broadway this fall.
I guess I am the only one who didn’t see the third installment of Shrek or the Jerry Seinfeld turned insect flick…and I am perfectly okay with that. I am also pleased to see someone benefit from $10 movie tickets. Can you remember when movies were $4? Now that’s the price of a soda!
The stock was up as much as 10% in early trading but gains have settled at about 7% heading into the mid-day. I am definitely going to keep an eye on this stock. As for their upcoming films…not so sure ;)
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POSTED IN: Earnings, Uncategorized
1 opinion for Teamwork makes the Dreamwork
cptsteiner
Apr 30, 2008 at 12:26 pm
I think the buzz is all out of Dreamworks. They’re going to have to animate their earnings going forward if they can’t come up with anything besides the green money monster.
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