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Stock Market & Financial Investment News

News Breaks
July 14, 2014
08:05 EDTFOXA, BONABona Film chairman to acquire 21st Century Fox stake in Bona Film for $71.4M
Bona Film Group (BONA) announced an agreement between an affiliate of 21st Century Fox (FOXA) and Bona's founder, chairman and CEO, Yu Dong, for Yu to acquire 21st Century Fox's entire 19.3% interest, 6.05M ordinary shares, equal to 19.9% interest before dilution from ordinary shares issued in respect of options in Bona for $71.4M or $11.80 per share, or $5.90 per American Depository Share. An affiliate of 21st Century Fox acquired the ownership interest in Bona in May 2012. The sale, which is subject to customary closing conditions, has no effect on the five film co-productions between the 21st Century Fox and Bona, including Bride Wars, which began principal photography in June of this year, or on the pipeline.
News For BONA;FOXA From The Last 14 Days
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January 22, 2015
14:00 EDTFOXA21st Century Fox initiated with a Hold at Societe Generale
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January 21, 2015
06:17 EDTFOXAOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
07:25 EDTFOXAViacom buys 50% stake in five Indian TV channels, WSJ says
Viacom (VIA, VIAB) is completing a deal with India's Reliance Industries giving it 50% ownership of five Indian TV channels for an undisclosed sum, reports the Wall Street Journal. Competitors including Discovery Communications (DISCA), 21st Century Fox (FOX, FOXA), and AMC Networks (AMCX) are similarly looking towards foreign investment as U.S. consumers move away from traditional cable packages. PricewaterhouseCoopers predicts 16% annual growth in Indian TV revenue over the next five years. Reference Link
06:06 EDTFOXADreamWorks planning to lay off 'substantial' number of staff, LA Times reports
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January 18, 2015
16:46 EDTFOXAWarner Bros.' 'American Sniper' takes top spot with $90.2M at box office
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