DreamWorks Animation Q3 Revenue, Profit Rises1 Nov, 2012 By: Chris Tribbey
The theatrical success of Madagascar 3: Europe's Most Wanted and the home entertainment contribution of Puss In Boots helped push DreamWorks Animation’s third-quarter revenue and profit higher than the comparable quarter last year, the studio reported Nov. 1.
Madagascar 3: Europe's Most Wanted — released on disc Oct. 16 — contributed $47.1 million of revenue to the quarter, ended Sept. 30, helping the studio post revenue of $186.3 million and a profit of $24.4 million, up from revenue of $160.8 million and a profit of $19.7 million during the same quarter in 2011.
“DreamWorks Animation’s third-quarter results were driven by the blockbuster international box office success of Madagascar 3: Europe’s Most Wanted, which has earned nearly $720 million at the worldwide box office to date, to become the fifth highest-grossing film of the year on a global basis,” said DreamWorks Animation CEO Jeffrey Katzenberg. “We are looking forward to the next major event film for the company during the fourth quarter, the Nov. 21 theatrical release of Rise of the Guardians.”
Puss In Boots chipped in $44.8 million of revenue for the quarter, mostly from domestic and international pay-television. The title had sold 5.6 million DVDs and Blu-ray Discs worldwide as of the end of the quarter. Kung Fu Panda 2 contributed $9 million, having sold 6 million home entertainment units worldwide. Megamind was responsible for $700,000 for the quarter, selling 5.6 million units.
Library titles contributed $50.6 million, while the acquisition of Classic Media, which closed Aug. 29, contributed $4 million mostly thanks to home entertainment.
DreamWorks Animation expects its fourth-quarter success to be driven by the home entertainment performance of Madagascar 3: Europe's Most Wanted, and the box office receipts from Rise of the Guardians.