« Oscar Geeks? | Main | Does Cheese Go With Those Fries? »
July 28, 2005
How Are Things Going At DreamWorks?

THB. React.
LATE ADDITION: An excellent piece on DW by Kate Kelly and Merissa Marr at the WSJ brought up a key element that has escaped me... a major piece of the value of DreamWorks live action is that they have distribution rights to all the DreamWorks Animation films. That alone could add $50 million to $100 million a year in net revenue to DreamWorks SKG. Interesting....
Posted by poland at July 28, 2005 02:04 AM
Comments
Is the above logo JAWS IV?
Posted by: oldman at July 28, 2005 02:54 AM
Looks like Dreamworks is going out in a blaze of glory.
Posted by: joefitz84
at July 28, 2005 03:09 AM
They need a serious cash infusion. STAT.
Posted by: Panda Bear at July 28, 2005 03:16 AM
David,
your picture isn't finished. You need a caption that has the shark saying: "WHo's your Daddy?" to DreamWorks
Posted by: Lota
at July 28, 2005 03:29 AM
Dreamworks must have said or done something that really peaved off Paul Allen. He has the deep pockets and patience to back risky ventures. I vagely recall that Allen was suppose to be able to cash out (5 years?) in the original deal. The fact that he wants out must make DW nervous.
Posted by: oldman at July 28, 2005 03:47 AM
that would be JAWS V old man.
Posted by: jeffrey boam's doctor at July 28, 2005 03:50 AM
Jeezz, you mean I missed Jaws IV? sigh
Posted by: oldman at July 28, 2005 03:54 AM
They really needed a studio lot. They are just a big production company and no production company can afford 50mill bombs.
Posted by: Angelus21
at July 28, 2005 03:56 AM
Paul Allen should pull his money out of the Portland Trailblazers first (although he's the one who drove that NBA team into the ground...)
Posted by: sky_capitan
at July 28, 2005 04:43 AM
forget THE ISLAND - i think infuriating your shareholders by returning 30,000,000+ dvd units over the space of a couple of months is a lot worse than a Bay bellyflop.
Posted by: jeffrey boam's doctor at July 28, 2005 04:47 AM
I'm clueless. Why would a studio lot have made much of a difference?
Posted by: lindenen at July 28, 2005 05:07 AM
JBD, is that 30 million number of returns right? I know the DVD has sold about 35 million units so far, well below projected estimates, but an extra 30 million copies seems amazingly high. I'm not doubting you, I'm just asking for a confirmation.
Posted by: Chester at July 28, 2005 05:22 AM
Studio lots are huge sources of income. They rent studio space, office space, sets, costumes, props, scoring stages, etc. out to productions. Dreamworks has been living off of Universal its entire life.
What DVD are you talking about?
Posted by: jeffmcm at July 28, 2005 06:04 AM
How are the Trail Blazers in the ground? They got the best collection of young talent in the league right now. The Jail Blazer stuff is done.
Posted by: Panda Bear at July 28, 2005 06:38 AM
The DVD in question is "Shrek 2."
Posted by: Chester at July 28, 2005 07:21 AM
This looks like it's becoming inevitable. Sadly, more excellent marketing and distrobution people will loose their jobs. In a market already flooded with MGM and soon to be Miramax people looking for work. Didn't Sumner Redstone say the big Media model wasn't working any more? I would be happier with EA or an outside company buying DW than Uni.
Posted by: jj at July 28, 2005 07:49 AM
I believe something like 80% of Miramax's staff is simply moving to the Weinstein's new company.
Posted by: KamikazeCamel at July 28, 2005 01:40 PM
so dreamworks owes its existence and future existence to shrek?
Posted by: bicycle bob
at July 28, 2005 02:19 PM
They have really been a waste of talent and money and time since they started. They're television division has been downright awful. It's a miracle they didn't need this money 3 years ago.
Posted by: Bruce at July 28, 2005 02:42 PM
I don't really care of the internal politics of the this situation and others like it but if we lose Dreamworks then thats a lot of movies that won't get financed or made.
Posted by: BluStealer
at July 28, 2005 03:10 PM
I hope they don't go under or start cutting back on their already minimal production schedules. A lot of cast and crews will be out of work.
Posted by: Bruce at July 28, 2005 03:28 PM
The main problem with Dreamworks imo is that there was no point to it. Any of their movies could have been made anywhere else, it's not like Miramax where they pretty much created a category. Even New Line for a long while was adept at providing films that the majors wouldn't touch. Dreamworks felt like a carbon copy of a major studio from day one.
Posted by: PastePotPete
at July 28, 2005 03:36 PM
I always assumed they'd build a lot and make it like one of those classic studios from the Golden Age.
Posted by: Terence D
at July 28, 2005 03:48 PM
This is what happens when you get in business with Michael Bay.
Posted by: joel at July 28, 2005 04:14 PM
After the eco-terrorists stopped them from building a studio on the old Hughes property they just sort of gave up on the idea and settle at Universal.
Posted by: teambanzai
at July 28, 2005 04:24 PM
Is Bay being set up as "the man who killed DW"?
Posted by: oldman at July 28, 2005 04:56 PM
All the people before this who made Millions off of Bay aren't complaining.
Posted by: Panda Bear at July 28, 2005 05:12 PM
One movie doesn't sink a studio. The Island isn't Heaven's Gate. Far from it.
Posted by: Terence D
at July 28, 2005 06:23 PM
Actually it's pretty damn close.
Posted by: Mason at July 28, 2005 09:58 PM
Studios have a bomb this size on an annual basis these days. Heaven's Gate was the equivalent of a movie like Titanic grossing $20 million.
Posted by: jeffmcm at July 28, 2005 10:06 PM
The Island will make most of its money back overseas and on the DVD market. The only people taking shots now are the anti Bay crowd.
Posted by: Mark at July 28, 2005 10:22 PM
I don't think it was the size of the budget of the Bay bomb that worried people. I looks like it was more of a case of none of them saw it coming. When you're predicting 20+ million opening weekend, which granted is already low for what's supposed to be a summer blockbuster and you get 12, I think that shakes the cofidence in the yet to be released. Especially after what happened with the Shrek 2 DVD sales. So while they may not have been dragged under by The Island, but they may fear it could happen so it's just easier to shore everything up by dragging another studio down with them.
Posted by: teambanzai
at July 28, 2005 11:45 PM
The Island will make it all back overseas. Foreign people love dumb action movies.
Posted by: Sanchez at July 29, 2005 03:03 AM
But the movie business is different that how it was when Heaven's Gate was out. As Jeff said studios suffer movies like The Island every year now. Besides, I think xXx2 will go down as the biggest flop of this year, considering The Island has a much better looking outlook for DVD.
Besides, Dreamworks has been coasting along for a few years now. It seems that only their animated films and Meet The Fockers were successes. Infact those are the only Dreamworks movies I can think of of the last few years.
And somebody up there said that Dreamworks' movies could've been made anywhere else. And that's true. In fact, a lot of them were. Spielberg's are basically Universal, right?
Seriously, I can't really think of anything substantial that Dreamworks has done. They've been quiet on the awards circuit too, i believe.
Posted by: KamikazeCamel at July 29, 2005 08:42 AM
"They've been quiet on the awards circuit too, i believe."
Say what? How about three consecutive Best Picture Oscars: AMERICAN BEAUTY, GLADIATOR and A BEAUTIFUL MIND. (And they came within a whisker of four in a row with SAVING PRIVATE RYAN.)
Posted by: TheBrotherhoodOfTheLostSkeletonOfCadavra at July 29, 2005 06:02 PM
kamikaze - being australian is not enough of an excuse for such clueless comments. Brotherhood served yo ass. ownd.
Posted by: jeffrey boam's doctor at July 30, 2005 04:27 AM
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)