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income fell by half Sweeney still has high hopes for the film.

November 1, 2011

The company stated on Tuesday that their net income fell by half in the third quarter of its other release this past summer, “Kung Fu Panda 2.”For further inspiration, visit the National Museum of the




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(Free-Press-Release.com) November 1, 2011 --

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The company stated on Tuesday that their net income fell by half in the third quarter of its other release this past summer, “Kung Fu Panda 2.”For further inspiration, visit the National Museum of the American Indian in Washington, D.C., over Winter Break.

With its second top spot debut from a franchise film in as many weeks, Paramount hit number one with the launch of its Shrek spin-off toon Puss in Boots which debuted to an estimated $34M. The figure was one of the lowest debuts for a high-profile 3D toon in recent years and was a far cry from the openings of other DreamWorks titles like last year's triumvirate of Megamind ($46M), the leggy How to Train Your Dragon ($43.7M), and Shrek Forever After ($70.8M) which was the last installment of this franchise. Even this year's earlier non-sequel animated entries like Fox's 3D Rio and Paramount's 2D Rango debuted higher with $39.2M and $38.1M, respectively. The PG-rated cat pic averaged $8,603 from 3,952 theaters including 2,827 offering 3D.

“Puss in Boots,” however, received radiating reviews from audiences, 35 percent of which were hispanic.

The winter storm that slammed the east coast took several million from the film, but media analyst at Bloomberg Industries Paul T. Sweeney still has high hopes for the film.

"What we've seen with DreamWorks' titles is that they tend to have a pretty long life in the theater. I would expect “Puss in Boots” to play well in the theaters for certainly several weeks," he said during a phone interview.

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It’s hard to believe that top designers hold Fashion Week for Winter 2011 in February, but it’s finally time to break out the bold patterns predicted to take off.


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