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Fly News Breaks for March 30, 2015
DWA
Mar 30, 2015 | 05:58 EDT
B. Riley says the better than expected opening weekend for "Home" reduces, but does not eliminate, the movie's write-off risk. Riley thinks the $54M in sales "Home" brought in this weekend reduces the potential for a write-down from DreamWorks to 75% from 95%. The firm highlights the movie's incremental production cost, overhead allocation and marketing spend during the past five months since the movie's delay from its original November 2014 release date. It keeps a Neutral rating on DreamWorks.
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