Hollywood Is on A Tear: Madagascar 3 Takes Over the Box Office

Hollywood Is on A Tear: Madagascar 3 Takes Over the Box Office

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This weekend Madagascar 3 stole the box office charts, opening at $60.4 million in North America and $75.5 million abroad.  Madagascar was produced by Dreamworks Studios (DWA) and distributed by Paramount Pictures, owned by Viacom (VIAB).

The reason the movie did so well is thought to be because of a lack of family friendly films available in theatres.  So far the summer season has been filled with action-packed, high-budget films like Men in Black 3 from Columbia Pictures-Sony (SNE), and Marvel Studio’s Avengers, Disney (DIS).  The family friendly film starring well-know actors such as Ben Stiller, Chris Rock, and SachaBaren-Cohen was received openly as a change of pace from highly anticipated action movies.

MIB 3’s box office total rose to $441.7 million and The Avengers to $1.2 billion.

Behind Madagascar in the box office was Prometheus, from 20th Century Fox- News Corp (NWSA), which opened at $50 million.  Last weeks' hit, Snow White and the Huntsman added $23 million to its total of $182 million.

Other movies that are highly anticipated this summer include Ted (Universal Studios (CMST)), The Amazing Spider Man (Columbia), and The Dark Knight Rises (Warner Brothers(TWX)).

2012 has seen one blockbuster after another, and movie theaters have been raking in the profits. Indeed, box office numbers are significantly higher than they were at this point and year-to-date last year. It begs the questions: What studio will release the next big hit?

Here’s a list of the key players:

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“1. Viacom, Inc. (VIAB, Earnings, Analysts, Financials): Market cap at $25.15B, most recent closing price at $47.64.

 

 

“2. DreamWorks Animation SKG Inc. (DWA, Earnings, Analysts, Financials): Engages in the development, production, and exploitation of animated feature films and characters worldwide. Market cap at $1.51B, most recent closing price at $18.01.

 

“3. News Corp. (NWSA, Earnings, Analysts, Financials): Operates as a diversified media company worldwide. Market cap at $47.08B, most recent closing price at $19.44.

 

 

“4. IMAX Corporation (IMAX, Earnings, Analysts, Financials): Operates as an entertainment technology company worldwide. Market cap at $1.4B, most recent closing price at $21.25.

 

 

“5. Sony Corporation (SNE, Earnings, Analysts, Financials): Designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. Market cap at $12.91B, most recent closing price at $12.85.

 

“6. Walt Disney Co. (DIS, Earnings, Analysts, Financials): Operates as an entertainment company worldwide. Market cap at $82.65B, most recent closing price at $46.24.

 

 

“7. Comcast Corporation (CMCSA, Earnings, Analysts, Financials): Provides entertainment, information, and communications products and services in the United States and internationally. Market cap at $81.61B, most recent closing price at $30.27.

 

“8. Time Warner Inc. (TWX, Earnings, Analysts, Financials): Operates as a media and entertainment company in the United States and internationally. Market cap at $33.82B, most recent closing price at $35.23.

 

 

(Written By Ryan Horch)

 

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One Response to “Hollywood Is on A Tear: Madagascar 3 Takes Over the Box Office”

  1. Hollywood says:

    Most of the time I've seen enjoyable and attractive information about the Bollywood. But this I've seen a attractive writing about the Hollywood which conception is very delightful one look to me. But we need to be more careful about our the film industry. Which will be give us more enjoyable time.

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