CATEGORIES Animation, Paramount, Box Office, Distribution, Family Films, Dreamworks, Movie News, UK Box Office, Cinematical, UK Box OfficeDreamworks isn't too happy with the box office performance of Flushed Away, the new computer-animated film released by the studio as part of its deal with Aardman Animation. The picture has only made about $41 million in the U.S. since it opened two weeks ago, and it isn't likely to come anywhere close to recouping its cost of $149 million. Variety is reporting that the studio will take a "an unspecified write-down" on the film. I'm not good with financial jargon, and I don't understand what this exactly means, but it is something kind of like a tax write-off, only partial. If anyone can explain it better in layman's terms, by all means, leave me a comment.
The part of this news that is easier to comprehend, and a little more unfortunate, is the possibility that Dreamworks will now drop its deal with Aardman. Flushed Away is the third Aardman picture co-produced by Dreamworks. The first two were Chicken Run and Wallace & Gromit in the Curse of the Were-Rabbit, both of which performed much better. The next Aardman feature, Crood Awakening, which is being co-written by John Cleese, will likely have to be distributed by someone else. This is a shame, because although I haven't yet seen Flushed Away, I imagine it is better than Shrek the Third, which will make Dreamworks a whole ton of money when it's released next Spring.