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Stock Market & Financial Investment News

News Breaks
July 24, 2013
08:23 EDTBONA, FOX, NWSANews Corp. investment in Bona Film to be held by 21st Century Fox
Bona Film (BONA) announced that the 19.9% equity stake in the company originally purchased in May by News Corp. (NWSA) will now be held by 21st Century Fox (FOX) following News Corp.'s separation of its businesses into two independent publicly-traded companies.
News For BONA;NWSA;FOX From The Last 14 Days
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March 25, 2015
06:54 EDTFOXPotential YouTube competitor launches, Variety says
Digital subscription video start-up Vessel, which is looking to compete with Google's (GOOG) YouTube, launched yesterday, according to Variety. Vessel was founded by Jason Kilar, the founding CEO of Hulu, the magazine stated. Disney (DIS), 20th Century Fox (FOX, FOXA), and Comcast (CMCSA) own stakes in Hulu. Reference Link
March 22, 2015
18:46 EDTFOXLionsgate's 'The Insurgent' takes top spot at box office with $54M
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March 20, 2015
08:13 EDTFOXCanada to 'unbundle' cable TV offerings by December 2016
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06:28 EDTNWSAReuters' news sites 'inaccessible' in China, Reuters reports
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March 19, 2015
07:23 EDTFOXEvercore ISI to hold a tour
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07:04 EDTFOXAmerican Express confirms plans to launch Plenti loyalty program
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05:24 EDTNWSANews Corp builds investment plan in APN News to 14.99% stake
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March 18, 2015
12:09 EDTFOXSony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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07:54 EDTFOXComcast may be forced to put content on Apple TV, NY Post says
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06:16 EDTFOXAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 17, 2015
05:46 EDTFOXApple set to launch online TV service this year, Financial Times reports
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March 16, 2015
15:13 EDTNWSANews Corp. management to meet with Jefferies
Meeting to be held in Boston on March 20 hosted by Jefferies.
10:44 EDTNWSANetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
March 15, 2015
19:12 EDTFOXDisney's 'Cinderella' takes top spot at domestic weekend box office with $70.1M
Rentrak (RENT) announced the official domestic weekend box office estimates for the weekend of March 15, as compiled by the company's theatrical measurement services. Disney's (DIS) "Cinderella" took the top spot at the domestic weekend box office with $70.1M: Warner Bros' (TWX) "Run All Night" took the second spot at the box office with $11M; 20th Century Fox's (FOX, FOXA) "Kingsman: The Secret Service" took third with $6.2M; Warner Bros' "Focus" took the fourth spot at the box office with $5.8M and Sony's (SNE) "Chappie" took fifth place with $5.8M.
March 13, 2015
17:11 EDTFOXSony Pictures TV nears streaming video deal for Seinfeld, WSJ reports
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