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DreamWorks Animation was cleared of class-action suit charges that it hid bad news and misled investors over prospects for its “Turbo” toon. A California federal judge dismissed the suit ...
That wouldn’t have been the case, however, had DreamWorks announced “Turbo’s” write-down within the usual time frame. DreamWorks’ most recent box-office bomb, “Mr. Peabody and Sherman ...
To be sure, if you thought the meager $29.2 million domestic opening weekend take achieved by Disney's The Lone Ranger was bad, DreamWorks' Turbo just limped through the finish line of its own dismal ...
The judge points to a comment from DreamWorks CEO Jeffrey Katzenberg during a 2013 second-quarter earnings call. “Katzenberg did not simply say Turbo will be a profitable film, but instead said ...
After racing into theaters last July, Turbo is ready to headline DreamWorks’ first original series for Netflix, Turbo: F.A.S.T. Some might call it ironic that DreamWorks’ initial project for a ...
And considering that one ended up ultimately resulting in $87 million in writedowns for DreamWorks in the following quarter, it was no surprise several analysts chimed in after Turbo hit the big ...