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DreamWorks Animation Takes $57M Write-Down on 'Penguins of Madagascar'


 DreamWorks Animation Takes $57M Write-Down on 'Penguins of Madagascar'
DreamWorks Animation took a $57.1 million write-down primarily on the lackluster performance of Penguins of Madagascar as well as Mr. Peabody and Sherman, the beleaguered film studio announced Tuesday while posting less-than-expected quarterly financial results. The film studio run by CEO Jeffrey Katzenberg posted a loss of $3.08 per share in the fourth quarter while analysts predicted a loss of $3.01. Revenue was $234.2 million while analysts expected $246 million

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Video: James Patterson's 'Maximum Ride' To Come To Life On YouTube
Video: James Patterson's 'Maximum Ride' To Come To Life On YouTube
Best-selling author James Patterson has reached a deal to turn his young adult book franchise "Maximum Ride" into an Internet video series that will be released on YouTube. Patterson sold exclusive online rights for "Maximum Ride" to Collective Digital Studio (CDS), a production company and operator of YouTube channels, according to a statement released on Wednesday. Read More
Project Profile:
'Pagan Holidays' Transforms from a Small, Independent Project to a True Feature Film
'Pagan Holidays' Transforms from a Small, Independent Project to a True Feature Film
Clifton Holmes knows you have to be ready for anything. Just because one opportunity doesn't work out, it doesn't mean you can't leverage what you already have and turn it into an even greater one. It's all about being flexible. It's how he came to direct "Pagan Holidays," the first official project from Basic Elements, a Chicago based entertainment production company aimed at creating reasonably budgeted feature length productions, both narrative and documentary, which Clifton founded in 2012. Read More
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SXSW Premiere "Thank You a Lot" Tells a Story of Austin's Music Scene
SXSW Premiere
Austin, TX may be known as the live music capital of the world, but it's also home to a thriving video production and film industry that promotes and champions local talent, with members sourcing expertise from within the tight knit community. Austin doesn't just keep it weird; it also keeps it local, which is exactly what Writer/Director Matt Muir and Producer Chris Ohlson did with their feature film "Thank You a Lot." Not only was the film shot in Austin, but Matt is also a graduate of the University of Texas along with the film's DP, Harrison Witt, who teaches courses in advanced cinematography and film production at the university. Read More
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'Mr. Peabody & Sherman' Push DreamWorks Into Loss
'Mr. Peabody & Sherman' Push DreamWorks Into Loss
DreamWorks reported a first-quarter loss, compared with a year-earlier profit, as the company took an impairment charge related to the weak box office performance of the movie "Mr. Peabody & Sherman". Shares of the Hollywood studio fell 6 percent to $24.76 in extended trading on Tuesday. The company took a charge of $57 million due to the tepid performance of the animated a time-travel comedy about a talking genius dog and the boy he adopts. Read More
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'Captain America,' 'Rio 2' Top Box Office
'Captain America,' 'Rio 2' Top Box Office
In a springtime battle of sequels, "Captain America: The Winter Soldier" stayed strong enough to narrowly triumph over the debut of "Rio 2." According to Monday's final box office figures, the Disney's Marvel superhero sequel took in $41.3 million in its second weekend of release. Fox's animated family film "Rio 2" opened with $39.3 million. Read More
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Video: 'Captain America,' 'Rio 2' Top Box Office
Video: 'Captain America,' 'Rio 2' Top Box Office
In a springtime battle of sequels, "Captain America: The Winter Soldier" stayed strong enough to narrowly triumph over the debut of "Rio 2." According to Monday's final box office figures, the Disney's Marvel superhero sequel took in $41.3 million in its second weekend of release. Fox's animated family film "Rio 2" opened with $39.3 million. Read More
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BlackMagic At NAB 2014: 10 New Products!
BlackMagic At NAB 2014: 10 New Products!
Blackmagic Design announced ten new products this year, including two very exciting new camera models, 6 new Ultra HD product lines (including the world's first 12G-SDI product with the Teranex Express), the latest version of Resolve and the introduction of the Cintel Film Scanner. Read More
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Scott Freeman Cracks the Case
Scott Freeman Cracks the Case
Scott Freeman is a modern day Sherlock Holmes. If Sherlock Holmes worked in post production with several broadcast clients with different workflows and tight deadlines. As the online editor for a number of television shows, including several of the most popular weekly TV dramas on cable, which are completely file based, Scott was challenged with creating a file based online conform workflow. With a variety of cameras used to shoot the shows, Scott needed to figure out a way to conform the different footage and create links between the files. And Blackmagic Design's DaVinci Resolve color correction became the bridge he needed. Read More
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Stereo D goes big with Quantel Pablo Rio
Stereo D goes big with Quantel Pablo Rio
In the past three years, Stereo D has taken the 2D-3D conversion industry by storm. In the last six months alone, 13 big-budget movies have been converted at the facility, with the company now holding an 85% market share in 2D-3D conversions. Quantel systems make up the backbone of its post-production workflow, with the company recently purchasing three Pablo Rio color correction and finishing systems in order to complete the 3D conversion and post-production of sci-fi action movie, 'Pacific Rim', directed by acclaimed filmmaker Guillermo Del Toro. Read More
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Film "20 Feet From Stardom" Casts the Spotlight on Background Singers
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For many backup singers, the tale is all too familiar. Despite earning spots singing backup for well known musical acts, so many talented background singers never quite receive the success and recognition they want. Using Blackmagic Design's Teranex 2D Processor and DaVinci Resolve color correction, Tremolo Productions has transformed the plight of the background singer into an awe inspiring documentary called "20 Feet From Stardom." The film focuses on several former backup singers whose voices were famous even if their names were not, including Darlene Love, Judith Hill, Merry Clayton, Lisa Fischer, Táta Vega and Jo Lawry. In addition to interviews with these singers and with music legends like Bruce Springsteen, Mick Jagger and Stevie Wonder, the film includes a combination of archival footage from old television appearances and studio sessions, as well as live concert footage, new interviews and even footage from YouTube. Read More

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