The Croods Boosts DreamWorks Shares
DreamWorks’s shares has been struggling these past few months, with the crux coming from Rise of the Guardian’s poor box office performance (at least, according to investors’ expectations) being pointed to as the main (not the only) culprit. The company has also had to resort to layoffs and delays of future projects, but it seems that things are starting to look up, courtesy of the upcoming Caveman-themed CG comedy, The Croods.
It is reported that the studio’s shares have climbed 15% since its slightly poor quarterly earnings reports two weeks ago. Their shares have also climbed 8 percent last Wednesday, on three times normal volume after an analyst upgraded their stock to “hold” from “sell” because it is believed that the bad spell is over for the studio, and that the upcoming release of The Croods will perform better than expected.
The Croods may also be a piece of good news on the gaming side, as DreamWorks has partnered with Rovio Entertainment in order to produce a Croods mobile game for iOS and Android devices. You can check out the video below: