* DWA has a release schedule full of sequels, which historically translates to lots of cash flow.
* DWA's Chinese JV makes it much easier to distribute its movies in China and increases its box office take per movie.
* The new cost structure allows $20 million cost savings per movie.
* DWA's fast-growing TV segment will bring in significant revenues in the next few years. ...
And the cash flows for various feature releases in its sparkly past:
Feature -- Release Date -- Budget -- Gross
Antz -- 10/2/1998 -- $105,000,000 -- $171,757,863
Prince of Egypt -- 12/18/1998 -- $70,000,000 -- $218,613,188
Road to El Dorado -- 3/31/2000 -- $95,000,000 -- $76,432,727
Chicken Run -- 6/23/2000 -- $45,000,000 -- $224,834,564
Shrek -- 5/18/2001 -- $60,000,000 -- $484,409,218
Spirit -- 5/24/2002 -- $80,000,000 -- $122,563,539
Sinbad -- 7/2/2003 -- $60,000,000 -- $80,767,884
Shrek 2 -- 5/19/2004 -- $150,000,000 -- $919,838,758
Shark Tale -- 10/1/2004 -- $75,000,000 -- $367,275,019
Madagascar -- 5/27/2005 -- $75,000,000 -- $532,680,671
Shrek the Third -- 5/18/2007 -- $160,000,000 -- $798,958,162
Kung Fu Panda -- 6/6/2008 -- $130,000,000 -- $631,744,560 ...
Puss in Boots -- 10/28/2011 -- $130,000,000 -- $554,987,477
Madagascar 3 -- 6/8/2012 -- $145,000,000 -- $746,921,274
Rise/ Guardians -- 11/21/2012 -- $145,000,000 -- $306,941,670
The Croods -- 3/22/2013 -- $135,000,000 -- $587,204,668
The company has a shot at becoming a mid-sized conglomerate, with lots of different corporate pieces creating profit, but also of falling on its face and not going on to greater glory.
Maybe the sequel strategy will work. It's certainly true that every other feature cartoon company is using that corporate business plan, and since DWA kind of started it, there's no reason they can't cash in on sequelmania.
But it's up to the general public whether they succeed or not.
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