Chilly Box Office For "Penguins Of Madagascar" Means More Bad News For Dreamworks Animation
The studio's latest release generated only $36 million at the domestic box office over the four-day Thanksgiving weekend, well below analysts' expectations. The weak opening follows two failed attempts at a sale since September.
How The DreamWorks Animation Sale Rumor Turned Worthless Stock Options Into A Small Profit For Jeffrey Katzenberg
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. They were set to expire on Oct. 27, and without the stock price pop from the deal rumor, they likely would have been worthless.