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Will the success of Rango mean trouble for DreamWorks?

Mar. 4, 2011by:

Most estimates have RANGO opening this weekend with the biggest numbers of the year so far - around $50 million for the first three days. That's great news for Paramount and Nickelodeon who teamed up for the ILM-animated film from director Gore Verbinski. It's not such good news for DreamWorks who has a long-standing distribution deal with Paramount that expires in 2012. If Paramount can create and release successful animated movies on their own, what do they need DreamWorks for?

As part of their renegotiation, DreamWorks head Jeffrey Katzenberg was looking to reduce the per-picture distribution fee they pay Paramount, which currently stands at 8%. Paramount was unwilling to take a reduced fee and the success of RANGO would give them the leverage to turn down any deal that would bring them less than their current deal. Previously DreamWorks held a good deal of the cards because Paramount was the only major studio who wasn't releasing their own in-house animated films.

If RANGO opens at more than $50 million, it could give them the power to wish DreamWorks the best of luck elsewhere. The last film that DreamWorks released was MEGAMIND, which opened to only $46 million. Paramount has been quietly working on their own private animated slate, which will include a new SPONGEBOB SQUAREPANTS movie, Steven Spielberg's THE ADVENTURES OF TINTIN and a RANGO sequel.

But worry not - surely DreamWorks Animation isn't going anywhere. It's highly likely that Paramount and DreamWorks will reup their deal but it will likely mean that DreamWorks will have to consider cutting the budgets on their highly expensive films.

Source: LA Times

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11:06AM on 03/05/2011
Cant wait to see Rango. I'm glad that other studios are bringing out great quality cg movies.

PS
I hope more studio release quality movies like this. Miguelito better start killing a whole lot of bitches because it will be hilarious if Disney buys out Dreamworks animation studio.
Cant wait to see Rango. I'm glad that other studios are bringing out great quality cg movies.

PS
I hope more studio release quality movies like this. Miguelito better start killing a whole lot of bitches because it will be hilarious if Disney buys out Dreamworks animation studio.
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3:56AM on 03/05/2011

RANGO is amazing ...

Is it too soon to say that RANGO is my favorite animated film of all time? Probably, so I won't ... yet.

Regardless, Dreamworks needs some healthy competition besides Pixar anyway, it can only make everything better!
Is it too soon to say that RANGO is my favorite animated film of all time? Probably, so I won't ... yet.

Regardless, Dreamworks needs some healthy competition besides Pixar anyway, it can only make everything better!
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3:39AM on 03/05/2011
rango looks pretty good. i think i'm gonna check it out.
rango looks pretty good. i think i'm gonna check it out.
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11:58PM on 03/04/2011

PS

Rango is receiving horrendous reviews as we speak.
Rango is receiving horrendous reviews as we speak.
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3:36AM on 03/05/2011
uh? not on rotten tomatoes and roger ebert's pages. roger gave it four stars, and rotten gave it like an 84 or something like that. a lot of people check there for reviews.
uh? not on rotten tomatoes and roger ebert's pages. roger gave it four stars, and rotten gave it like an 84 or something like that. a lot of people check there for reviews.
11:57PM on 03/04/2011

No Use Cryin'

I never did like that whole deal with Paramount. Dreamworks Animation SKG has been a relevant animation house in their own right since Antz and The Prince of Egypt. They don't need motherfuc*ing Paramount. And I swear if Disney ever has anything to do with Dreamworks Animation I'll kill a bitch. I think Katzenberg is keeping his enemies closer. And you won't be saying you can do without Dreamworks after 2012.
I never did like that whole deal with Paramount. Dreamworks Animation SKG has been a relevant animation house in their own right since Antz and The Prince of Egypt. They don't need motherfuc*ing Paramount. And I swear if Disney ever has anything to do with Dreamworks Animation I'll kill a bitch. I think Katzenberg is keeping his enemies closer. And you won't be saying you can do without Dreamworks after 2012.
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4:09PM on 03/04/2011
That is great. I can do without Dreamworks Animation.
That is great. I can do without Dreamworks Animation.
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3:49PM on 03/04/2011

That's for my gun!

...That's GUN lotion.
...That's GUN lotion.
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12:10PM on 03/04/2011

It's gonna be rough

I'm sure they'll just end up reneggotiating a deal that gives paramount a bit more money, and the world will keep spinning.
I'm sure they'll just end up reneggotiating a deal that gives paramount a bit more money, and the world will keep spinning.
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12:06PM on 03/04/2011
So Disney has DreamWorks Pictures and Paramount has DreamWorks Animation... How in the hell did SKG get into that mess?
So Disney has DreamWorks Pictures and Paramount has DreamWorks Animation... How in the hell did SKG get into that mess?
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10:14AM on 03/04/2011
I'm just going to remind people about this. [link]
I'm just going to remind people about this. [link]
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10:31AM on 03/04/2011
They do all make that face.
They do all make that face.
11:35AM on 03/04/2011
and I like reminding people like you of this.

[link]
and I like reminding people like you of this.

[link]
12:21PM on 03/04/2011
Hahaha, I love that link and have shown it often. The Pixar one listed below is grasping at best though. Only 9 out of the 35, or roughly 25% of them are making the face, and that's being generous.
Hahaha, I love that link and have shown it often. The Pixar one listed below is grasping at best though. Only 9 out of the 35, or roughly 25% of them are making the face, and that's being generous.
1:44PM on 03/04/2011
wow.. that Pixar one is a lame fucking attempt at a comeback.. they're not even making that face!
wow.. that Pixar one is a lame fucking attempt at a comeback.. they're not even making that face!
1:47PM on 03/04/2011
t_mar, consider your argument destroyed. Sorry.
t_mar, consider your argument destroyed. Sorry.
10:01AM on 03/04/2011
I'll get shat on for this but I dont feel bad for Dreamworks. Their last great film was Kung fu Panda, after that is just crap after crap after crap.
I'll get shat on for this but I dont feel bad for Dreamworks. Their last great film was Kung fu Panda, after that is just crap after crap after crap.
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10:01AM on 03/04/2011

Fuck Paramount

These are the same cheapskate assholes who wouldn't put up the $ for Scorsese to take Shutter Island to the Oscars.
These are the same cheapskate assholes who wouldn't put up the $ for Scorsese to take Shutter Island to the Oscars.
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9:56AM on 03/04/2011
I'll get shat on for this but I dont feel bad for Dreamworks. Their last great film was Kung fu Panda, after that is just crap after crap after crap.
I'll get shat on for this but I dont feel bad for Dreamworks. Their last great film was Kung fu Panda, after that is just crap after crap after crap.
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8:40PM on 03/06/2011
Well, I agree that Kung Fu Panda was awesome, but I don't think you're giving How to Train Your Dragon nearly enough credit - they've still got it.
Well, I agree that Kung Fu Panda was awesome, but I don't think you're giving How to Train Your Dragon nearly enough credit - they've still got it.
+10
9:27AM on 03/04/2011
Considering the S in Dreamworks SKG stands for Spielberg, I personally wouldn't be too worried. If someone like MGM was able to get their financials up to par by 2012, partnering with someone like Dreamworks could be a great financial win for them.

Furthermore, I also doubt Dreamworks is going anywhere with Paramount. The two have been together for too long, and the last thing Paramount would want to do is jeopardize rights to franchises such as Transformers, etc.

And on a final note,
Considering the S in Dreamworks SKG stands for Spielberg, I personally wouldn't be too worried. If someone like MGM was able to get their financials up to par by 2012, partnering with someone like Dreamworks could be a great financial win for them.

Furthermore, I also doubt Dreamworks is going anywhere with Paramount. The two have been together for too long, and the last thing Paramount would want to do is jeopardize rights to franchises such as Transformers, etc.

And on a final note, Paramount sold Iron Man this year, so that's another franchise they lost. To me it wouldn't really make any sense to cut and run just because a few movies have done well without them. Keep being partners and profit together.
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