Business

The One Thing That Could Save DreamWorks Animation: China

At least one DreamWorks animated film has lost money for the past three years in a row: "Rise of the Guardians" in 2012 had an $87 million writedown; "Turbo" in 2013 resulted in a $13.5 million writedown; and this year's "Mr. Peabody & Sherman" caused a $57 million writedown. This is rather obviously not a sustainable trend from a business standpoint, and investors are beginning to worry about the studio's long-term prospects.

Box Office Report

‘Maleficent’ A Hit, Seth MacFarlane Western Flops

Last weekend at the U.S. box office, two films with strong animation ties opened in very different fashions. Disney's "Maleficent," a dark fantasy reimagining of the 1959 animated feature from the perspective of the villain, launched with $69.4 million.

Fine Art

Some Lucky Person Will Pay $25 Million Tonight For Jeff Koons’s Popeye [UPDATED]

Tonight in New York City, Sotheby's will auction a stainless steel, 2000-pound, six-and-a-half-foot-tall Popeye sculpture by Jeff Koons that is estimated to sell for between $25-35 million. Koons, who is already among the top three richest living American artists not to mention an avowed lover of "Croods," made three of these Popeye sculptures, which probably represents the number of people who he thinks are dumb enough to pay between $25-35 million for a Popeye sculpture.

Business

First Look at $2.4 Billion Oriental DreamWorks Complex in Shanghai

Last week DreamWorks revealed the first renderings of the Dream Center, a 40-acre, $2.4 billion development in Shanghai, China. Scheduled to open in 2017 (or early-2018), the site will house the Oriental DreamWorks production studio, which is currently working on "Kung Fu Panda 3," as well as the world's largest IMAX screen, eight outdoor plazas, hotels, restaurants, theaters, galleries, and tourist attractions.

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