The deal values DreamWorks at approximately $3.8 billion and implies a 27 percent premium to the stock… Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com. Shares in DreamWorks soared 24 percent in early trading Thursday, hitting a fresh 52-week intraday high. And for 22 years, my happiness has been DreamWorks.But DreamWorks isn't the … B.O.O. "[CEO] Jeffrey Katzenberg and the DreamWorks organization have created a dynamic film brand and a deep library of intellectual property.". The deal, which has been approved by the boards of both companies, is expected to close by the end of this year. “I joined Dreamworks because I was told it was the safest place in the industry, it’s where you’ll work for the next five years and then this happens.” Dreamworks Animation, LLC (DreamWorks Animation), formerly DreamWorks Animation SKG, Inc., creates and exploits branded family entertainment, including animated feature films, television series and specials, live entertainment properties and related consumer products. Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services.Â, © 2021 CNBC LLC. Comcast CEO Brian Roberts strengthened that case today by agreeing to pay $3.8 billion to add DreamWorks Animation to his N… DreamWorks Animation stockholders will receive $41 in cash for each share of DreamWorks Animation common stock. However, as a counter to these strengths, TheStreet Ratings finds that the company's return on equity has been disappointing. So far today, about 40 million shares of DreamWorks Animation have traded as compared to its 30-day average volume of 1.10 million shares. Comcast shares were up slightly after the announcement. If that happens, the authentic paper stock certificate featuring the famous logo and Shrek peaking out from the bottom, will go away forever. Because of this deep disparity in personality, Stoick is often highly critical of his son. DreamWorks Animation co-founder David Geffen has converted the rest of his Class B Stock to Class A stock, which carries less voting power. All Rights Reserved. It is based on a 60-month historical regression of the return on the stock onto the return on the S&P 500. DreamWorks Animation SKG Inc. was a big mover last session, as the company saw its shares rise by over 7% on the day.The move came on solid volume too … WSJ's Sarah Rabil joins Lunch Break to discuss. Last Wednesday, DreamWorks Animation told investors its third quarter revenue fell 17% year over year to $154.5 million. Price/Sales: Latest closing price divided by the last 12 months of revenue/sales per share. The most powerful executive in Hollywood lives in Philadelphia, it seems. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Separately, TheStreet Ratings has set a "hold" rating and a score of C+ on DreamWorks stock. The delisting of Popeyes happened because of the parent company’s decision to remove it as a publicly-traded company. He sent out a letter to one and all as Monday was the final day in which the animation studio’s shares traded on the Nasdaq stock … Shrek would end up being DreamWorks' first franchise to come. DreamWorks' fourth-quarter earnings fell 72% as DVD sales from the studio's hit "Kung Fu Panda 2" movie failed to match the revenue generated from a more crowded film slate a year ago. "Adding DreamWorks to NBCUniversal will help us accelerate all three of these lines of business in the future. And was a big enough success to do so. The deal was announced this morning. Which is 10 times DWA’s three-year average owner earnings. The film studio's shares fell after a weak opening for "Rise of the Guardians," a movie that combines five famous children's tales. Katzenberg bought more than 420,000 DreamWorks Animation stock options on Sept. 29, the first trading day after the Softbank deal rumor surfaced, and immediately sold them. With the current stock fall, DreamWorks Animation now has a market cap of around $1.5 billion. If it ever happens, that is. Cold War drama, Bridge Of Spies releasing this October, and The BFG releasing on … The stock is down 7% midday as investors try to determine how much, or little, DreamWorks Animation can expect from Turbo following its weaker-than … Moreover, Hiccup's inability to kill or even battle, a d… The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. — CNBC's Julia Boorstin contributed to this report. Comcast's NBCUniversal said Thursday it will buy DreamWorks Animation for $41 per share. If you still have the DreamWorks stock certificate, then the actual stock certificate has some value as … After that, things fell off for Dreamworks. The transaction is expected to close by the end of 2016. Jeffrey Katzenberg The staff at DreamWorks Animation will always remember the day 22 August as DWA, CEO, Jeffrey Katzenberg bade farewell to the company he founded. On August 17, 2016, DWA opened at $40.95, traded as high as $40.97 and as low as $40.95, and closed at $40.95. For 25 years, DreamWorks Animation has considered itself and its characters part of your family. © 2021 TheStreet, Inc. All rights reserved. Having led the viking village, Stoick had a strained relationship with his son, as Stoick believes that Hiccup does not having the qualities of a true viking like himself. : Bureau of Otherworldly Operations would have starred Melissa McCarthy, Seth Rogen, and Bill Murray. 5 to DreamWorks’ latest 10-K for details on the amortization of television specials, etc. Meanwhile, net income … If it ever happens, that is. The Journal notes that DreamWorks Animation's market value currently sits at $2.3 billion, making the projected $3 billion deal a potential boon for DreamWorks. He has scored various Dreamworks projects including the video ride "Shrek's Adventure to Santa". DREAMWORKS ANIMATION SKG logo, graphic element on white “That was the biggest blindside blow,” says Tim about the shuttering of PDI, which was based in Redwood City. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. … They were set to expire on Oct. 27, and without the stock price pop from the deal rumor, they likely would have been worthless. When it's completed, DreamWorks CEO Jeffrey Katzenberg will become chairman of DreamWorks New Media and a consultant to NBCUniversal. Although it is now a subsidiary of the large brand, Popeyes has not lost its unique identity nor has it stopped serving the same fast food in the familiar recipes that loyal customers have come to love and appreciate. A Division of NBCUniversal. Reports are that Japan’s SoftBank is in talks to buy DreamWorks Animation SKG. Official Site of DreamWorks Animation. Also, DreamWorks holds the prestigious status of being the first animated company to win the Oscars for best animated feature. 60-Month Beta: Coefficient that measures the volatility of a stock's returns relative to the market (S&P 500). DreamWorks Records, a now-defunct record label that was a division of the film studio; DreamWorks Television, an American television production company and division of the film studio; DreamWorks Animation, an American animation studio and former division of the film studio that is … This acquisition is a statement about NBCUniversal's commitment to keep building and investing in the creative part of the business," Burke told CNBC. I can't think of much notable films Dreamworks made with Fox besides How to Train Your Dragon 2 and Kung Fu Panda 3 (I also liked Captain Underpants, but it didn't do as well as other Dreamworks films). DreamWorks Animation stockholders will receive $41 in cash for each share of DreamWorks Animation common stock. Disney now only has two more DreamWorks movies to distribute. Nothing happened, the Better Business Bureau is involved, but since we live in Canada, and the BBB that is chasing after them is in the US, we are pretty much out of luck. "Having spent the past two decades working together with our team to build DreamWorks Animation into one of the world's most beloved brands, I am proud to say that NBCUniversal is the perfect home for our company; a home that will embrace the legacy of our storytelling and grow our businesses to their fullest potential," Katzenberg said in a statement. Shares of DreamWorks Animation fell more than 7% Monday after analysts said the company could face a write-down after animated film "Turbo" had a … Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. Comcast says that Dreamworks “will become part of … Walt Disney entered into a distribution agreement with DreamWorks Animation in August 2009. A Raymond James analyst upgraded the coal producer, saying that the stock may trade higher this winter as natural gas prices rise. The acquisition will help NBCUniversal grow its film, TV, theme parks and consumer products businesses for many years, the company said in a statement announcing its acquisition of DreamWorks. The studio will become a part of the Universal Filmed Entertainment Group, which includes Universal Pictures, Fandango, and NBCUniversal brand development. Who knows, maybe the long-awaited Shrek 5 will finally clear up what happened to the doomed Duloc? Stop me if you’ve heard this one before – a DreamWorks Animation film that cost dang near $150 million to produce disappoints at the domestic box office, causing general pants-shitting at DreamWorks as their stock dips on Wall Street. DreamWorks will bring a number of popular film franchises to NBCUniversal including "Shrek," "Madagascar," "Kung Fu Panda" and "How to Train Your Dragon.". And what a success it was, this earned DreamWorks it's first Academy Award for Best Animated Film. The memo is below: As I've said to many of you over the past week, my work is my happiness. DWA (DWA) has the following price history information. Data is a real-time snapshot *Data is delayed at least 15 minutes. Comcast's NBCUniversal said Thursday it will buy DreamWorks Animation for $41 per share.. You can view the full analysis from the report here: DWA. Read note No. TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Or just take my word for it and lower our owner earnings estimate to $1.75 a share. DreamWorks stock trades at $17.79 a share. Better buy one share of DreamWorks stock and get the authentic stock certificate while you still can! NEW YORK (TheStreet) -- Shares of DreamWorks Animation (DWA) are higher by 24.07% to $39.95 on heavy trading volume on Thursday afternoon, after it was announced that the animated films studio will be acquired by Comcast's (CMCSA) NBCUniversal division for approximately $3.8 billion. DreamWorks may refer to: . Comcast’s NBCUniversal division has bought Dreamworks Animation for $3.8 billion. So $1.75 a share is our owner earnings estimate for DWA. Trading volume was a total of 227.00K shares. DreamWorks Animation SKG Inc., down 94 cents at $17.11. Looking back at DWA historical stock prices for the last five trading days, on August 16, 2016, DWA opened at $40.96, traded as high as $40.98 and as low as $40.95, and closed at $40.97. NBCUniversal CEO Steve Burke said DreamWorks is a great addition to the company and will help it "grow [its] film, television, theme parks and consumer products businesses for years to come.". He also worked with Drake and Lil Wayne to compose score for animated videos featured onscreen during their 2014 summer tour performances and scored the video game "Midway Arcade Origins", released on Playstation 3 and Xbox 360. DreamWorks Animation (DWA) will be acquired by NBCUniversal. Comcast has agreed to buy DreamWorks SKG for $3.8 billion making the cable giant a major player in the family entertainment industry. "DreamWorks Animation is a great addition to NBCUniversal," Steve Burke, CEO of NBCUniversal said. Get Comcast Corp (CMCSA:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. 3 growth areas in Comcast-DreamWorks merger, Comcast posts earnings of 84 cents a share vs. 79 cents estimate, Comcast CEO: 'Great quarter' across the board, Comcast launches 'Watchable' video app to tackle digital advertising. (Richard Brian/Sipa USA for PA/Dreamworks/Samir Hussein/WireImage for … Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Action Alerts PLUS is a registered trademark of TheStreet, Inc. We want to hear from you. The deal values DreamWorks at approximately $3.8 billion and implies a 27 percent premium to the stock's Wednesday closing price of $32.20. DreamWorks Pictures, an American film production company of Amblin Partners . Got a confidential news tip?
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