Teamwork Makes the Dreamwork, Bee Movie Up Drives Profits
April 30, 2008 by Tisa Silver
Filed under Finance
DVD sales from ”Shrek the Third“ combined with box office sales from “Bee Movie” helped Dreamworks (Ticker: DWA) post a 69 percent 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 movie tickets were $4 a piece? Now that’s the price of a soda!
Dreamworks stock was up as much as 10 percent in early trading but gains have settled at about 7 percent heading into the mid-day. I am definitely going to keep an eye on this stock. As for their upcoming films…not so sure ;)
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.