DreamWorks Animation's How to Train Your Dragon 2 is falling short of box-office forecasts and will drag the company to its second loss in three years, according to Cowen and Co.
The film, released on June 13th, will probably generate $180 million in US and Canadian ticket sales, Doug Creutz, a Cowen analyst, said in a report.
He had previously projected $250 million. The film won’t reach profitability in theatres, Creutz estimated.
A sequel to the 2010 original, the film will eventually generate profit of $171.1 million for chief executive Jeffrey Katzenberg’s studio, including DVD sales, movie rentals and TV rights.
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That means investors will have to wait until 2016 for significant profit from DreamWorks Animation, Creutz said.
