Sizable ‘Hedge’ fund

first_img“Hedge,” which had a domestic box-office gross of $155 million, had sold 12.6 million units on DVD amounting to $33.1 million in revenue for the three months ending March 31. DreamWorks has had its ups and downs since going public in late 2004 – such as overestimating “Shrek 2” DVD sales in 2005 – which Katzenberg readily acknowledged in a conference call with analysts. “We have had some notable successes, but haven’t been as consistent as we would have liked,” he said. “But we believe our film slate over the next two to three years gives us the best chance since we started to achieve that level of success.” Katzenberg said he is bullish on the DreamWorks fall release “Bee Movie” featuring Jerry Seinfeld, which he believes “will add to our broad fan base.” He also said the company’s films will all make the transition to 3-D beginning in 2009. “I hope that this quarter is a start for a very successful year for our company and its shareholders,” Katzenberg said. “We have all the pieces in place.” It is the “Shrek” franchise that the company is investing much of its faith in going forward and with good reason: “Shrek 2” grossed $920.7 million worldwide while the original “Shrek” took in $484.5 million. Media analyst David W. Miller of Smith Capital said in a note this week that the market consensus for “Shrek the Third” is at least $700 million worldwide. But to achieve that, the film will have to “clear at least $80 million in (domestic) opening weekend grosses.” Katzenberg was cautious when discussing the box-office prospects for the third film since its May 18 release is just two weeks after that of “Spider-Man 3” and a week before “Pirates of the Caribbean: At World’s End.” “I really don’t feel comfortable speculating about it,” Katzenberg told analysts. “…The unprecedented nature of the marketplace really has us all wanting to play itself out. I’m proud of the movie… we’ll just have to wait and see.” Also on the “Shrek” front, Katzenberg said there are plans for a “Shrek the Halls” holiday special to air on ABC in December as well as a “Shrek the Musical” stage show. Since there were no new theatrical releases during the quarter, the company relied on revenue from its growing library. While “Hedge” was by far the largest contributor, “Shark Tale” was responsible for approximately $18.1 million from domestic network television while “Shrek 2” kicked in $17.5 million, primarily from international network television. Also making revenue contributions were “Wallace & Gromit: The Curse of the Were-Rabbit” ($9.4 million), and “Madagascar” ($6.4 million). The company’s latest release, “Flushed Away” contributed just $1.2 million in merchandising and licensing revenue. It was released on DVD on Feb. 20 and its revenue contributions will not show up until next quarter because its distribution and marketing costs have not yet been recouped. Shares of DreamWorks rose 61 cents, or 2.1 percent, to close at $29.89 on the New York Stock Exchange. Shares went up 19 cents during aftermarket trading to $30.13. [email protected] (818) 713-3758160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! GLENDALE – The expected summer blockbuster “Shrek the Third” may not be hitting theaters for a few more weeks, but DreamWorks Animation SKG already has reason to feel encouraged about its bottom line. The studio, propelled by DVD sales for its “Over the Hedge” movie from last summer, reported a first-quarter profit on Tuesday of $15.4 million, or 15 cents a share – up 25 percent from the same quarter a year ago. During a conference call with analysts after the markets closed, CEO Jeffrey Katzenberg said the company “did better than we expected.” Revenue rose 56 percent to $93.7 million, compared to $60.1 million during the 2006 first quarter and far exceeded Wall Street expectations. last_img read more

Unique Mammal Senses

first_imgThe ability to sense the environment is vital to all living things, and is a key characteristic that separates life from non-life.  The senses are not limited to the five we learn as children – sight, hearing, touch, taste, and smell.  In the animal kingdom there are more.  Some of them repurpose existing organs; some detect other information from the world not detectable with the normal sense organs.  In mammals, two very different animals – bats and dolphins – have expanded our understanding of sensation. Two papers in Science this week added to our understanding of echolocation in bats.  One paper explored how bats are able to separate target information from background clutter.  Bates, Simmons and Zorikov, writing in Science,1 experimented with “big brown bats” and found that they “exploit harmonics to distinguish clutter echoes from target echoes, sacrificing delay acuity to suppress masking.”  That ability would be amazing enough for a stationary target, but bats do this while flying rapidly through complex aural surroundings.  One would think from the researchers’ description that they are sophisticated audio engineers: “The key to how the bat recognizes weaker FM2 from lowpass filtering is an interaction between the amplitude of an echo and the timing, or latency, of the neural responses it evokes—an effect called amplitude-latency trading.” In the other paper in Science,2 Simon, Holderied, Koch and von Helversen discovered a neat cooperation between a nectar-eating bat and its host plant.  Targeting of the plant is enhanced by a specialized leaf that reflects the bat’s echoes like a satellite dish.  Science Daily showed a picture of the flower with the sonar dish right over the flowers.  This host plant lives in low abundance in the tropics, so it relies on the bat’s wide foraging range and excellent spatial memory.  By providing the bat with an echolocating enhancer, the plant has a 50% higher chance of being found.  The bat gets its energy drink, and the flower benefits from the pollination that occurs.  The shape of the leaf, therefore, serves a similar purpose to an echolocating bat that beautiful colors in flowers serve for daytime pollinators.  “Because of their peculiar shape and presentation, we hypothesize that these special leaves evolved as echo beacons that attract pollinating bats,” the authors said. M. Brock Fenton analyzed these two papers in the same issue of Science.3  Since echolocation was first discovered, he said, it has been a “gift that keeps on giving” as scientists learn more about it.  “The sophistication of bat echolocation is becoming increasingly apparent—they ‘design’ echolocation signals (by manipulating the frequency, intensity, and harmonics in their calls, for example) as well as their patterns of call production (such as call duration and time intervals between calls) in particular situations,” he said.  “Furthermore, the echolocation signal that one individual bat uses to collect information can simultaneously serve a communication function, allowing, for example, group members to remain in contact with one another.”  In addition, bats have to control their calls to outsmart rivals and to sneak up on prey that can hear the bats coming. Fenton ascribed the phenomena to “evolutionary arms race” and to “coevolutionary relationships,” but did not describe how these abilities might have arisen by random mutations.  “At what point in their evolution did echolocation appear?  How often did echolocation evolve in bats?” he asked, indicating that fundamental questions remain for evolutionists.  Reviewing the history of how bat echolocation was discovered, first suggested by Spallanzani in 1794, then confirmed by Donald Griffin in 1944, he added, “Simon et al. and Bates et al. have demonstrated that echolocation is a gift in research that keeps on giving, whether the study organisms are bats, birds, shrews, toothed whales, or even people.”  He was referring to experiments on blind people that show their enhanced ability to locate objects by sound. Dolphins and toothed whales are among the mammals with the sixth sense of echolocation, but now a seventh sense has been found in at least one species.  New Scientist reported that Guiana dolphins can sense electrical fields of their prey.  This species needs to forage in the murky coastal waters of its habitat and find prey at close range, where echolocation is less effective. Experiments by German scientists show that the sense organs are in pits corresponding to the whiskers of land mammals.  Live Science put it, “Through evolution, the dolphins have lost their whiskers, but kept the pores.”  Prime researcher Wolf Hanke from the University of Rostock also ascribed the ability to evolution.  Believing that electrical sensing also evolved in the duck-billed platypus and echidna, he reasoned that “it is relatively easy to evolve, to change mechanoreceptor organs into electroreceptors.” That opinion was not supported by any empirical evidence mentioned in the article. 1. Bates, Simmons and Zorikov, “Bats Use Echo Harmonic Structure to Distinguish Their Targets from Background Clutter,” Science, 29 July 2011: Vol. 333 no. 6042 pp. 627-630, DOI: 10.1126/science.1202065. 2. Simon, Holderied, Koch and von Helversen, “Floral Acoustics: Conspicuous Echoes of a Dish-Shaped Leaf Attract Bat Pollinators,” Science, 29 July 2011: Vol. 333 no. 6042 pp. 631-633, DOI: 10.1126/science.1204210. 3. M. Brock Fenton, “Ecology: The World Through a Bat’s Ear,” Science, 29 July 2011: Vol. 333 no. 6042 pp. 528-529, DOI: 10.1126/science.1209933 Such explanations ignore, even if it were possible to account for the reception of the information, the ability of the brain to interpret the signals and respond appropriately.  If a mutation suddenly gave your skin the ability to detect the hiss of distant quasars, would it cause you to become a cosmologist?  No; for one thing, unless the receptor were connected to nerves that traveled to an appropriate area of the brain, you would not even know about it.  For another, the hissing noise would be a defect that might distract you from getting married.  You would go extinct.  Even if you had offspring, the trait would be unlikely to become established in the population.  Signaling and functional response imply design. The two main papers barely mentioned evolution, but the scientists and reporters who did committed the common fallacy among evolutionists of saying these animals “evolved” this or “developed” that, as if they held a committee and said, “Fellow bats, we would have better luck hunting if we would just invent the ability to echolocate.”  This is the folly of personification, and it misrepresents neo-Darwinism, the intent of which was to eliminate teleology from science.  A bat or dolphin can no more “evolve” echolocation or electrical sensing than a rock can decide to evolve an office building.  If the Creator put into animals and plants the ability to adapt to changing environments, however, then the existence and subsequent enhancement of these innate abilities through microevolution make sense.  Read Randy Guliuzza’s ICR article “Natural Selection Is Not ‘Nature’s Design Process’’ where he describes such Darwinian explanations as cases of personification and circular reasoning.  If we force Darwinists to be faithful to their own theory, they would have to shut up, resulting in less fallacy and greater fascination at the design in living things.(Visited 164 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Abueva, Romeo penalized as PBA doles out more than P90k in fines

first_img‘Excited’ Terrence Romeo out to cherish first PBA finals appearance PLAY LIST 01:30’Excited’ Terrence Romeo out to cherish first PBA finals appearance00:50Trending Articles00:50Trending Articles02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games The Aces lost that game, 107-106, to GlobalPort in their eighth place playoff.The Batang Pier scorer, meanwhile, was handed down the fine after his “inappropriate gestures” and for incurring a flagrant foul penalty two in his scuffle against Ginebra’s LA Tenorio.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutWith Romeo ejected, GlobalPort got booted from the playoff picture with a 96-85 defeat to Ginebra last Tuesday.Abueva and Romeo took the bulk of the fines amounting to P92,600 released by the Commissioner’s Office on Friday. 1 dead in Cavite blast, fire Lacson: SEA Games fund put in foundation like ‘Napoles case’ Don’t miss out on the latest news and information. Sports Related Videospowered by AdSparcRead Next Cayetano dares Lacson, Drilon to take lie-detector test: Wala akong kinita sa SEA Games What ‘missteps’? WATCH: Firefighters rescue baby seal found in parking garage LATEST STORIEScenter_img Photo by Tristan Tamayo/ INQUIRER.netCalvin Abueva and Terrence Romeo were hit with P25,000 fines for their actions in their respective games in the 2017 PBA Commissioner’s Cup quarterfinals.The energetic Alaska forward was meted with the penalty after “foisting a stickum sign towards the direction of the Technical Committee,” while also slamming a chair near the Commissioner’s table last Sunday.ADVERTISEMENT Heart Evangelista admits she’s pregnant… with chicken World’s 50 Best Restaurants launches new drinking and dining guide MOST READ Heart Evangelista admits she’s pregnant… with chicken View comments Gin Kings coach Tim Cone was also handed a P5,000 fine for entering the court during the Romeo-Tenorio scuffle.TNT import Joshua Smith will have to pay P6,000 for being attested with a technical foul for disrespectfully addressing a game official and applauding at the referee in a sarcastic manner in the KaTropa’s quarterfinal duel against Meralco.Jayson Castro was meted with a P1,000 fine for his technical foul for disrespectfully addressing a game official, while team manager Virgil Villavicencio was also hit with the P1,000 fine for using profane language.The Bolts also weren’t spared from the penalties, with Cliff Hodge being fined P5,000 for his flagrant foul penalty one infraction, Kelly Nabong P1,000 for his technical foul for second motion against Josh Smith, and coach Norman Black P5,000 for entering the court during the altercation between Hodge and TNT’s Anthony Semerad.Rain or Shine’s Duke Crews, Jericho Cruz, and Jewel Ponferrada were fined P5,000 each for their flagrant foul penalty one infractions. Beau Belga will pay P2,000for his technical foul for continuously complaining against the referee’s call, while Jay Washington got slapped with a P1,600 fine for his technical foul for resentment to a call.ADVERTISEMENT Messi to wed childhood sweetheart in Rosario, Argentinalast_img read more

Gilas stint ‘dream come true’ for Fil-German Standhardinger

first_imgDon’t miss out on the latest news and information. READ: Standhardinger arrives from Germany, attends first Gilas practiceBut that’s the easy part.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutThe hard part is getting accustomed to the Filipino style of play as he is set to bolster the Gilas Pilipinas squad in the 2017 Southeast Asian Games.Standhardinger didn’t waste time and immediately joined team practice on Wednesday afternoon, less than 24 hours since flying in. Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games LOOK: Jane De Leon meets fellow ‘Darna’ Marian Rivera Another vape smoker nabbed in Lucena And he already liked what he saw.READ: Fil-German Standhardinger named to Gilas team set for SEA Games“It’s a great team. I think there are some many nice characters and great people and I’m excited to be here. I think coach just expects to give everything you’ve got and I can bring to the team. I penetrate a lot to the basket, my rebounding is good, so I think that’s where I can help the team the most,” he said.Standhardinger added that he is looking at this opportunity to proudly represent the homeland of his mother, who traces her roots in Angono, Rizal.“I think it’s always a great opportunity for me to make my family here in the Philippines proud, so that’s why I decided to come here and give my best. It’s always a dream to play for a team, for a country you believe in so it’s like a dream come true,” he said.ADVERTISEMENT LATEST STORIES Lacson: SEA Games fund put in foundation like ‘Napoles case’ Pagasa: Kammuri now a typhoon, may enter PAR by weekend What ‘missteps’?center_img China furious as Trump signs bills in support of Hong Kong MOST READ Christian Standhardinger. Photo by Randolph B. Leongson/ INQUIRER.netChristian Standhardinger, who arrived in the country just Tuesday night, was dealt a reality check: internet access is not readily available everywhere.“I’ve been looking where I can find wi-fi,” he said with a laugh as he messed around with Gilas team utility Bong Tulabot.ADVERTISEMENT READ: Parks, Paras lead PH team in SEA GamesFor coach Chot Reyes, the Fil-German forward has already shown glimpses of what he can do to meet the management’s expectations of him.“We know how he plays and we had a very good idea of what he brings to the team. But of course, he hasn’t been playing since May and then, he planed in last night from a long trip so admittedly, he’s gonna be far from a hundred percent. But like I said, the reason he’s here, he gives us a big guy who can rebound and he also has some skills,” he said. “We like his perimeter game, his ability to put the ball on the floor. I think he’s an all-around skilled guy but now, we need to see how he can cope with the physical game and the banging on the elite Asian level.”Reyes was quick to integrate Standhardinger to the pool, putting him alongside his future national team partners Kobe Paras, Mac Belo, Bobby Ray Parks, and Raymar Jose in the team’s drills.The outspoken mentor also shared his grand plans for the 6-foot-8 stud, noting that same as with Paras, Standhardinger is no doubt going to be a part of the national team’s future.“That’s why he’s here. He’s 27, he’s been playing in the German pro leagues for quite a while, so it’s about time for him personally to get to the next level. And I think this is an excellent opportunity for him,” he said. “We’re not worried. He’s a good kid. I think he’ll come around.”Reyes bared that Standhardinger will be in the country for the long run, as he expects him to stay past the SEA Games and hopefully, for the 2017 PBA Draft, pending the PBA Board of Governors’ meeting on Thursday.Sports Related Videospowered by AdSparcRead Next Cayetano to unmask people behind ‘smear campaign’ vs him, SEA Games View comments #InquirerSeven: Things to know about Jeff Horn Pagasa: Kammuri now a typhoon, may enter PAR by weekendlast_img read more