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May 28, 2014
06:20 EDTSNE, DISVubiquity acquires FilmFlex Movies from Sony, Disney
Vubiquity announced that it had acquired UK-based FilmFlex Movies, formerly a joint venture between Sony (SNE) Pictures Television and Disney (DIS), provides digital storefront and video on demand services to connected consumers throughout the UK. The company has licensing agreements with major US studios and many independent distributors. Terms of the deal were not disclosed. Reference Link
News For DIS;SNE From The Last 14 Days
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October 8, 2015
06:06 EDTSNESony cuts cost to PlayStation 4
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05:59 EDTSNESony acquires Softkinetic Systems for an undisclosed amount
Sony announced that it has completed the acquisition of Softkinetic Systems, after reaching an agreement with the company and its major shareholders. With this acquisition, Softkinetic has become a wholly-owned subsidiary of Sony. No material impact is anticipated on Sony's consolidated financial results for the fiscal year ending March 31, 2016 as a result of the acquisition.
05:50 EDTDIS, SNEMulti Screen Media, ESPN announce agreement to create digital platform in India
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October 7, 2015
17:24 EDTSNESony considering sale of music publishing unit, WSJ says
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17:09 EDTDISVice in talks to buy cable network, Bloomberg says
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17:08 EDTSNESony considering sale of music publishing unit, Dow Jones says
The sale price has not yet been set, DJ added.
15:14 EDTSNEAmazon considering possible online service for live TV, Bloomberg says
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11:33 EDTSNEGoPro drops to 52-week low after Morgan Stanley slashes price target
GoPro (GPRO) shares, which are down over 50% year-to-date, fell to a new 52-week low in morning trading after an analyst from Morgan Stanley lowered the action camera maker's price target as a result of disappointing sales of its Session device. WHAT'S NEW: Morgan Stanley analyst James Faucette maintained an Equal Weight rating on GoPro's shares but slashed his price target on the stock to $35 from $62, saying that "disappointing" HERO4 Session sales indicate future disappointments, absent marked improvements in usability. Faucette said that recent checks were "decidedly more negative" since customers prefer the HERO4 Silver's screen and video quality over the Session's smaller form factor. Disappointing demand for the Session resulted in the company deciding to reduce the price to $299 a week ago, down $100 lower than the $399 price tag in July, the analyst noted. Faucette added that mobile software improvements and editing are still lagging behind apps available on Google's (GOOG) Android and Apple's (AAPL) iOS systems. WHAT'S NOTABLE: On September 23, Cowen also lowered its price target on GoPro shares to $60 from $76, saying that the slower than expected sales for the HERO4 Session now seem well discounted. Separately, on September 19, Alexander Eule argued in a Barron's article that GoPro's share price may drop to as low as $25, calling the company's cameras a "one-product wonder" akin to BlackBerry (BBRY) smartphones and Palm digital organizers. Three days later, GoPro chief executive officer Nick Woodman said in an interview with CNBC that it was "short-sighted" to refer to his company as a "one trick pony." Woodman added that the Session was selling against incumbents and that it was unreasonable to believe it would immediately become a top seller. RISING COMPETITION: In the same CNBC interview, GoPro's head said that companies such as Sony (SNE), which is viewed as a major competitor in the market for cameras, have actually helped GoPro expand total reach and that its market share has grown since Sony entered the market. In addition, on September 22, Woodman said that he does not believe Apple (AAPL), which was granted patents for action cameras in January, is "investing and exploring GoPro-like devices," Fortune reported. PRICE ACTION: In morning trading, GoPro shares dropped 9.7% to $27.69. Earlier in the session, the stock hit a new 52-week low of $27.52. ANOTHER TO WATCH: Ambarella (AMBA), which supplies chips to GoPro, fell 2.5% to $60.15.
05:58 EDTDISHulu renews, expands programming deal with Viacom, Deadline Hollywood says
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October 6, 2015
18:12 EDTSNESony to establish semiconductor solutions business
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October 5, 2015
19:04 EDTSNESony, Verizon cancel plans for Xperia Z4v smartphone in U.S., Verge says
Sony (SNE) and Verizon (VZ) have cancelled plans to launch the Xperia Z4v smartphone in the U.S., reports The Verge, citing spokesperson statements. "Sony is a strategic partner as we continue having ongoing discussions together as part of our future portfolio," remarked Verizon, while Sony itself stated that it "remains dedicated" to the U.S. market, the report adds. Reference Link
09:39 EDTSNEeSports seen as next big growth opportunity in media
Competitive video game playing in organized leagues, or eSports, is on the verge of reaching mainstream adoption and moving from an engagement tool to a monetization opportunity for video game makers, according to Baird analyst Colin Sebastian, who calls the trend the "biggest media and sports growth opportunity you've never heard of." NEXT BIG THING: eSports could have 200M active and engaged participants as early as next year and can grow from about $200M this year to $1B in revenues by 2018, Sebastian tells investors this morning in a research note. Game publishers such as Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two Interactive (TTWO) are "natural beneficiaries," according to Sebastian, who believes that eSports has the potential to drive earnings growth and multiple expansion for the sector. eSports is still mainly a tool to help engage and keep core gamers, but Sebastian expects this to change quickly as game makers focus on incremental revenue opportunities and increasing average revenue per user. The analyst also sees "significant opportunities" from eSports for online streaming platforms, like Amazon's (AMZN) Twitch and Google's (GOOG) newer platform, as well as for Microsoft (MSFT), Sony (SNE) and PC and component makers. ANOTHER eSPORTS BULL: Jefferies analyst Mark Lipacis previously told investors that he believes the surging popularity of competitive video gaming on a global basis will benefit game publishers as well as hardware companies like NVIDIA (NVDA). In a note to investors last month, the analyst said that Activision Blizzard had five of the top fifteen most popular games on Twitch in July, and contended that the company looks best positioned among game makers to benefit from the eSports opportunity. On the date of his eSports note, Lipacis upgraded NVIDIA to Buy from Hold, saying secular growth in gaming will trump PC weakness. The company's Gaming Graphics Processing Unit is "under the radar" and has grown 23% annually over the past three years, noted Lipacis, who raised his price target for shares to $30 from $23. PRICE ACTION: In early trading, Activision Blizzard rose 1.4% to $31.90, Electronic Arts gained 1.04% to $67.18 and Take-Two Interactive advanced 0.85% to $29.64.
October 4, 2015
18:42 EDTDISDisney considering demand-based pricing for theme parks, WSJ says
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17:39 EDTSNE'The Martian' soars in box office debut
Science fiction film "The Martian" rocketed to the top of the box office amid widespread critical acclaim. WEEKEND LEADER: Fox's (FOX, FOXA) "The Martian" grossed $55M in its domestic open for the weekend of October 4, beating expectations for $40M-$50M and nearly setting a record for October debuts. Director Ridley Scott's return to science fiction after 1979's "Alien" and the more recent "Prometheus" was applauded by critics and audiences alike, with "Martian" garnering a 94% approval rating on review aggregator Rotten Tomatoes. BOX OFFICE RUNNERS-UP: Sony's (SNE) "Hotel Transylvania 2" stepped down to second place with $33M after last weekend's strong open, while Lionsgate's (LGF) drug cartel thriller "Sicario" earned $12.1M after expanding nationwide, outpacing expectations for $8M-$10M. Rounding out this weekend's Top 5, Time Warner (TWX) subsidiary Warner Bros.' "The Intern" and Fox's "Maze Runner: The Scorch Trials" took in a respective $11.6M and $7.7M.
October 2, 2015
12:43 EDTSNEFly Watch: 'The Martian' expected to win weekend box office
Fox's (FOX, FOXA) "The Martian," based on the best selling science fiction novel by Andy Weir and starring Matt Damon, is expected to win this weekend's box office with an opening of between $40M-$50M. Sony's (SNE) animated sequel "'Hotel Transylvania 2," which set a record last weekend for a September opening with a $48.5M debut, is estimated to gross in the range of $29M-$31.5M in its second week. Lions Gate's (LGF) drug cartel drama "Sicario," which opened two weeks ago in six theaters and expanded to 59 theaters last week, is expected to take in $8M-$10M in its first weekend expanding nationwide, now playing in about 2,500 theaters. Time Warner (TWX) subsidiary Warner Bros.' comedy "The Intern," starring Robert DeNiro and Anne Hathaway, is estimated to bring in $8.5M-$8.9M in its second weekend. Fox's "Maze Runner: The Scorch Trials" is expected to earn an estimated $7.8M in its third weekend of release. Also new in theaters is Sony subsidiary TriStar's "The Walk," starring Joseph Gordon-Levitt, which opened Wednesday exclusively on 448 IMAX (IMAX) and large-format screens, and is expected to earn $3M through the weekend.
October 1, 2015
10:37 EDTDISBofA/Merrill's Top 10 US Ideas for Q4 2015
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September 30, 2015
16:43 EDTSNEInterDigital expands Convida Wireless research scope with Sony
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September 29, 2015
15:19 EDTDISDiscovery drops as investor day fails to dispell cord-cutting fears
Shares of Discovery Communications (DISCA) have dropped today as the company held its first-ever investor day amid ongoing concerns about the potential decline of pay TV. NEW GUIDANCE: Discovery Chief Financial Officer Andrew Warren updated the company's full year 2015 outlook, saying he expects constant currency adjusted earnings per share to grow in the low double digits. The company expects revenue for the year to grow 9%-10%, with free cash flow up in low single digits. Meanwhile, year over year currency headwinds were seen deducting $460M from revenue and 24c-29c from adjusted EPS. Discovery also established long-term guidance, saying it sees its adjusted EPS compound annual growth rate up in low double digits from 2015 to 2018, on a constant currency basis. "Third quarter results are on track, highlighted by strong U.S. advertising growth," Warren added. THREE BILLION SUBSCRIBERS: CEO David Zaslav commented during the investor day that the company is "confident in the long-term outlook for our business," adding that Discovery expects to reach 3B cumulative worldwide subscribers by year's end. The Chief Executive highlighted what he called five differentiators for Discovery's growth potential, including its ownership of a growing and diverse portfolio of content and IP "that uniquely positions Discovery for the changing media landscape." CORD CUTTING: Multiple Discovery executives showcased the company's European products, including Eurosport and the Eurosport Player OTT service, as well as the company's apparent first-mover advantage in Latin America. The seemingly increased attention on foreign initiatives comes as U.S. cord-cutting trends continue generating headlines, with Citi analyst Jason Bazinet arguing as recently as September 18 that Disney (DIS) would be the only cable network to make more money in a bundle-free world. According to media reports of today's Discovery event, Chief Executive Zaslav said "it's not rational" that media companies are selling so much of their content to streaming services like Netflix (NFLX) that threaten the appeal of cable bundles. The CEO added that Discovery has assumed a 1%-2% decline in pay TV over "the next couple of years," though he reassured investor day attendees that the company's adjusted operating income should be roughly flat even in a worst-case scenario. PRICE ACTION: Shares of Discovery crashed as much as 7% in early morning trading before seeing hesitant moves higher. The stock is down just under 4% to roughly $26.70 heading towards session close.
12:29 EDTSNEGoogle announces Nexus 6P smartphone
The Nexus 6P features an all-metal body and a 5.7-inch AMOLED display. The phone is manufactured in cooperation with Huawei, and includes a USB-C port that can charge the device twice as fast as an Apple (AAPL) iPhone 6 Plus, according to Google (GOOG). The 6P uses a 12.3 megapixel rear-facing Sony (SNE) camera, as well as a 5 megapixel front-facing camera. The phone also includes Nexus Imprint, an advanced fingerprint authentication technology. Google executives are speaking at the company's Nexus 2015 event.
08:01 EDTSNEGlobal Eagle strikes worldwide IFE agreement with Sony Music
Global Eagle (ENT) announced a global licensing agreement with Sony Music Entertainment to add thousands of songs from Sony (SNE) Music's iconic catalog to GEE's leading inflight entertainment portfolio. The broad-based deal is Sony Music's first licensing pact with an inflight entertainment content service provider and gives Global Eagle access to hit songs from leading recording labels, including Columbia, Epic, RCA, Masterworks, Legacy, Sony Music Nashville for use in its airline inflight entertainment systems around the globe.
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