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Stock Market & Financial Investment News

News Breaks
June 2, 2014
06:46 EDTDIS, TWX'Maleficent' grosses $70M in weekend box office debut, Reuters says
Disney's (DIS) "Maleficent" earned $70M in ticket sales during its weekend debut to win the North American weekend box office stakes, reported Reuters. Warner Bros.' "Blended" and "Godzilla" ranked third and fourth respectively at the box office. Warner Bros. is a unit of Time Warner (TWX). Reference Link
News For DIS;TWX From The Last 14 Days
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January 30, 2015
14:52 EDTTWXSony Pictures, Warner Bros, Singtel partner to deliver OTT video to Asia
Singtel, Sony Pictures Television (SNE) and Warner Bros. Entertainment, a subsidiary of Time Warner (TWX), have established HOOQ, a joint venture start-up, to offer a regional over-the-top, or OTT, video service in Asia. HOOQ will deliver both Hollywood blockbusters and television series, as well as popular local movies and programs to customers anytime, anywhere by enabling them to stream and download their favorite shows on their device or platform of choice. HOOQ will be rolled out progressively in the Singtel Group’s Asian footprint, including Indonesia, the Philippines, India and Thailand, from Q1. The venture is designed to compete directly with Netflix (NFLX) as the company has been preparing to launch in Australia and New Zealand this year and into broader Asian market in the near future.
January 29, 2015
07:29 EDTTWXImagicTV Inc. to air Sunday night two-hour block on Time Warner cable
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January 25, 2015
13:26 EDTTWXWarner Bros.' 'American Sniper' keeps top spot at box office, WSJ says
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January 22, 2015
15:29 EDTTWXTime Warner names Mitchell Klaif as Chief Information Officer
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January 21, 2015
08:39 EDTDISDisney reports five employees affected by California measles outbreak, AP says
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07:34 EDTTWXNetflix CEO sees room for competition in video streaming market, CNet says
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06:17 EDTDIS, TWXOverstock 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
17:46 EDTDIS, TWXNetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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14:06 EDTTWXCitizens, Keysight identified as long positions by Einhorn
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14:00 EDTDISFCC fines Viacom, ESPN $1.4M after brodcasting EAS tones to promote movie
The Federal Communications Commission fined Viacom (VIA) and ESPN (DIS) $1.4M for misusing the Emergency Alert System warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie “Olympus Has Fallen,” which portrayed a terrorist attack on Washington, D.C. Broadcast or transmission of these tones outside an emergency or test violates the FCC’s laws protecting the integrity of the system. The networks admitted that the commercial contained actual EAS codes and appeared multiple times on the networks. In March 2014, the FCC proposed a total fine of $1,930,000 against NBCUniversal (CMCSA), ESPN, and Viacom. NBCUniversal paid its $530,000 fine, but ESPN and Viacom objected and requested reductions. The FCC rejected their arguments and imposed fines of $1,120,000 against Viacom and $280,000 against ESPN. The fines, which differ based on several factors including the number of channels involved and the number of transmissions on each channel, must be paid in 30 days.
13:24 EDTTWXGreenlight has new long positions in Citizens, Time Warner, Bloomberg says
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07:35 EDTTWXTime Warner downgraded at Morgan Stanley
As previously reported, Morgan Stanley downgraded Time Warner to Equal Weight from Overweight. The firm downgraded shares based on balanced risk/reward, and downside risk from affiliate fee growth and TV advertising. Price target lowered to $85 from $90.
06:29 EDTTWXTime Warner downgraded to Equal Weight from Overweight at Morgan Stanley
January 18, 2015
16:46 EDTTWXWarner Bros.' 'American Sniper' takes top spot with $90.2M at box office
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