Audiences didn't take to animated comedy "Mr. Peabody & Sherman," and now it looks like studio DreamWorks Animation stands to lose a substantial chunk of change.
The under-performing film, which took in just $32.5 million over its opening weekend, is set to lose DreamWorks Animation about $84 million, according to industry analysts, who note that the studio hasn't been able to turn a profit on many of its recent animated releases. "Peabody" is expected to earn just $310 million worldwide, and its lackluster take so far caused the studio's stock to drop 1.4 percent Monday.
"DWA's latest release is on track to become the third original title of the last four to lose money," one analyst noted, with "Rise of the Guardians," "The Croods," "Turbo," and "Peabody" combining for a loss of approximately $159 million. The same analyst said that future box office projections for upcoming DreamWorks releases may also be much lower because "the appeal of the properties created by DWA is declining."
While that's certainly not good news for the studio, THR reports that DreamWorks does have some old standby franchises on its schedule that could help the animation giant return to its former glory, including "How to Train Your Dragon 2" (out June 13), "Penguins of Madagascar" (March 27, 2015), and "Kung Fu Panda 3" (December 23, 2015). It's just too bad "Peabody" couldn't become one of them.
[via The Hollywood Reporter]
Photo courtesy DreamWorks Animation
CATEGORIES Box Office