Dreamworks Animation is on schedule to release 5 new films this year, including 3 CGI animated films. The news of this ramped the stock price up to $40.46 on Monday after hitting $42.98 on Thursday, the highest since their IPO in 2004.
This year’s three movies compare to the weaker-than-expected “Monsters vs. Aliens,” DWA’ss sole release of 2009. Plus, Morris said he has screened parts of 2010 pics “How to Train Your Dragon” (release date March 26) and “Shrek Forever After” (May 21) and thinks “both look like winners.” A glimpse at the third film, “Megamind” (Nov. 5), during a New York presentation last week earned positive reviews from reporters and advertisers, though analysts expect a weaker performance from that pic.
They expect that 2010 will be Dreamworks’ most profitable year ever.
