'Penguins' Opening Ruffles Investors' Feathers

December 2, 2014, 07:42 AM

http://www.animationmagazine.net/features/penguins...

The flightless evil-fighters of DreamWorks Animation’s Penguins of Madagascar faced an icy opening weekend over the Thanksgiving holiday, taking in an underwhelming $36 million at the domestic box office over five days. Investors had been relying on estimates of a $50 million-plus take for the franchise spin-off, and reacted by causing shares in the studio to drop more than 5 percent as analysts wondered if Penguins would be another DWA write down, following in the disappointing footsteps of R...