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Stock Market & Financial Investment News

News Breaks
June 4, 2014
12:26 EDTTWX, CMCSA, TWC, VIA, CVC, DISUse of cable apps jumping, The Verge reports
The popularity of cable TV apps is soaring, as use of TV Everywhere jumped 246% year-over-year last quarter, according to Adobe Digital Index, The Verge reported. TV Everywhere delivers content from a variety of sources, including Disney's (DIS) ESPN, Time Warner's (TWX) HBO, Comcast (CMCSA), Cablevision (CVC), and Time Warner Cable (TWC), The Verge stated. Reference Link
News For DIS;VIA;CMCSA;CVC;TWC;TWX From The Last 14 Days
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April 9, 2015
11:01 EDTDISAvengers sequel has 'good shot' to break record set by first film, The Wrap says
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09:47 EDTTWXDISH's Sling TV adds HBO programming to lineup
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07:44 EDTCMCSAComcast risks overblown, shares offer attractive upside, says Jefferies
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April 8, 2015
20:28 EDTDISDisney pressures Apple to include more channels for web TV service, Street says
Disney (DIS) is pressuring Apple (AAPL) to include "most if not all" of its TV channels, while Apple wants to sign on for fewer channels to reduce the price of its upcoming streaming service, The Street reported earlier, citing people with knowledge of the talks. Reference Link
14:50 EDTTWXGoogle plans ad-free YouTube subscription service, Bloomberg says
Google (GOOG) is planning to launch a YouTube subscription service as early as this year, reports Bloomberg, citing a person with knowledge of the matter and a YouTube letter sent to certain content creators on the site. The new paid version of the site will be free of ads and may include a type of offline access to YouTube. Bloomberg notes that the move will put the streaming site into closer competition with Netflix (NFLX), Time Warner's (TWX) HBO Now, and similar paid streaming services. Reference Link
08:56 EDTVIAViacom multiple compression overdone, says RBC Capital
RBC Capital believes that Viacom is facing a number of headwinds, but the firm thinks that the stock's multiple compression is overdone given what it sees as the company's largely visible affiliate revenue outlook and cost savings from restructuring. The firm believes that Viacom "offers a compelling combination of growth and value." RBC cut its price target on the name to $80 from $88 but keeps an Outperform rating on the shares.
07:32 EDTDISIMAX and Disney renews exhibition agreement with multi-picture deal
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April 7, 2015
14:41 EDTCMCSASTX Entertainment, Universal Pictures Home Entertainment in partnership
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12:50 EDTTWX, CVCHBO NOW available to Apple and Optimum Online customers
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09:03 EDTCMCSAEA, Illumination Entertainment, Universal Partnerships announce collaboration
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08:07 EDTCMCSAComcast expands fiber network throughout Denver metro area
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05:10 EDTDISDisney, Lucasfilm, 20th Century Fox announce Star Wars digital movie collection
As anticipation builds for the December release of Star Wars: The Force Awakens, Walt Disney Studios (DIS), Lucasfilm Ltd., and 20th Century Fox (FOX, FOXA) announced the upcoming release of The Star Wars Digital Movie Collection. For the first time ever, all six epic films in the Saga, from The Phantom Menace to Return of the Jedi, will be available on Digital HD globally beginning Friday, April 10.
April 6, 2015
16:12 EDTVIAViacom to temporarily pause share repurchases
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16:10 EDTVIAViacom sees $350M annual cost savings from strategic realignment
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16:08 EDTVIAViacom to recognize $785M pre-tax charge as part of strategic realignment
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14:04 EDTCMCSAIMAX says Universal's Furious 7 grosses $20.8M in IMAX theatres
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10:01 EDTCMCSAWeather Channel's core buiness facing 'major' threat, WSJ reports
The Weather Channel, which is owned by a consortium made up of NBCUniversal (CMCSA) and private equity firms Bain Capital and The Blackstone Group (BX), was dropped last month from Verizon's (VZ) FiOS TV service, and now the channel's backers are preparing for the possibility of being dropped by Dish Network (DISH), sources tell The Wall Street Journal. Though The Weather Channel is facing a "major" threat to its core business, the fees it collects from the pay-TV providers, the sources say that no formal sale by the company's owners is under way. Reference Link
09:31 EDTCMCSAComcast Business to expand Ethernet in East Bay with $2M fiber extension
Comcast Business announced an expansion of its multi-gigabit Ethernet service to three business parks in the Northern California towns of Pleasanton, Hayward and Fremont. The high-speed fiber-based network build outs together total close to $2M in investment by Comcast in the East Bay, making available reliable Internet speeds to the more than 1,500 businesses in the community by offering reliable Internet speeds up to 20 times faster than traditional 1.5 Mbps DSL or T-1 service.
April 5, 2015
18:34 EDTDIS, CMCSA, TWXComcast's 'Furious 7' leads at weekend box office with $143.6M
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16:37 EDTDISDisney to invest $250M in fantasy site DraftKings, WSJ says
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