DreamWorks Animation reported a loss of $15.4 million in the second fiscal quarter, the second consecutive quarterly loss for the company. It reported earnings per share of -$0.18, a result worse than analysts had expected that sent the company's stock down nine percent in after-hours trading.
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More insider info on the TAG Blog: The quotes below were lifted from the TAG Blog. Does anyone really believe the business model will change? What do you think will happen if it does?
But of course, all these things take time. And as one DreamWorker said to me away from the studio:
"The company needs to get the costs of features down. Management doesn't seem to want to restructure at the top and upper middle very much, which is where it would help a lot. Production is supposed to squeeze and cut. I'm not sure how well that will work. ..."
And Jeffrey speaks to that issue:
We are also exploring the opportunities of actually making some films -- some original films on a very different scale altogether, where it's not incremental changes in the film cost, but the concepts of the movies and the style with which we would make them would have us working on a very different business model.
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