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Stock Market & Financial Investment News

News Breaks
August 5, 2014
16:18 EDTDISDisney reports Q3 Cable Networks operating income down 7%
Disney said operating income at Cable Networks decreased 7% to $1.9B for Q3 due to a decrease at ESPN, partially offset by an increase at ABC Family. "The decrease at ESPN was due to higher programming and production costs, decreased recognition of previously deferred revenue and the absence of ESPN UK, which was sold in the fourth quarter of the prior year. These decreases were partially offset by affiliate fee contractual rate increases and higher advertising revenue." ESPN recognized $98M less of previously deferred revenue during the quarter as a result of changes in contractual provisions related to annual programming commitments. ESPN advertising revenue increased due to higher rates and more units sold, Disney said.
News For DIS From The Last 14 Days
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May 1, 2015
07:39 EDTDISDisney volatility elevated into Q2 and outlook
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April 29, 2015
13:32 EDTDISHulu subscriber base jumped 50% year-over-year, The Verge reports
Hulu now has 9M subscribers, an increase of 50% over the same period last year, the venture's CEO stated, according to The Verge. Hulu is owned by Disney (DIS), Comcast (CMCSA) and 21st Century Fox (FOXA), Reference Link
12:19 EDTDISAMC Networks monetization improved with Hulu deal, says Piper Jaffray
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06:10 EDTDISHulu said to land 'Seinfeld' streaming rights, WSJ reports
Hulu, which is owned by Disney (DIS), Comcast (CMCSA) and 21st Century Fox (FOXA), has reportedly landed a deal to stream all 180 episodes of "Seinfeld," The Wall Street Journal reports. Though terms of the deal have not been disclosed, a source believes that the per-episode value of the show would be around $700,000. Amazon (AMZN) and Yahoo (YHOO) were also bidders for the streaming rights to "Seinfeld," and Netflix (NFLX) expressed interest initially, but later signed a deal for streaming rights to "Friends." Reference Link
April 28, 2015
13:13 EDTDISCablevision and Hulu announce new agreement to provide Hulu to Optimum customers
Cablevision (CVC) and Hulu (DIS; FOX; FOXA; CMCSA) announced that they have reached an agreement to offer Huluís subscription streaming service to Optimum customers. Cablevision is the first cable or satellite provider to agree to distribute Huluís comprehensive catalog of on-demand content. Cablevision plans to provide pricing and other particulars for Hulu, including its availability date, in the near future.
April 27, 2015
11:37 EDTDISESPN files breach of contract suit against Verizon, Re/code reports
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10:00 EDTDISOn The Fly: Analyst Upgrade Summary
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06:48 EDTDISDisney upgraded to Buy from Neutral at Guggenheim
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06:18 EDTDISDisney price target raised to $125 from $110 at Citigroup
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April 24, 2015
11:15 EDTDISDisney calls active on renewed Carl Icahn speculation
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11:03 EDTDISRumor: Disney active on renewed Carl Icahn speculation
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06:50 EDTDISDisney, Fox refuse to run FiOS commercials, NY Times says
Disney (DIS) and 21st Century Fox (FOXA) are refusing to run commercials for Verizon (VZ) FiOS' slimmed down, a la carte package on a number of their stations, according to The New York Times. Disney, Fox and Comcast (CMCSA) have objected to FiOS' new offering, the news service stated. Reference Link
April 22, 2015
17:31 EDTDISNetflix renews 'Daredevil' for season two, Hollywood Reporter says
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April 21, 2015
18:53 EDTDISFox, NBC say Verizon cable packages violate license terms, Washington Post says
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13:34 EDTDISEarnings Watch: Yahoo shares dropped more than 6.5% since last earnings report
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April 20, 2015
17:04 EDTDISOn The Fly: Top stock stories for Monday
Stocks on Wall Street were higher for the day, beginning the session sharply higher and remaining in positive territory throughout. Chinaís central bank announced a reduction in bank reserve requirements in an effort to increase liquidity and spur economic growth within the country. Following the open, the market moved in a relatively narrow range as investors await the latest round of earnings reports for one of the season's heavier weeks. ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index came in at 0.42 versus expectations for positive 0.1. In Asia, the People's Bank of China lowered its reserve requirement ratio, by 1 percentage point, the lowest since the financial crisis. Despite this, the Shanghai Composite Index fell 1.6% because regulators had already begun curbing speculative trading on Friday. COMPANY NEWS: Morgan Stanley (MS) advanced 0.57%, or 21c, to $36.96 after reporting earnings prior to the market open. The bank beat on both EPS and revenue, and also raised its dividend to 15c from 10c. CEO James Gorman was pleased with the quarter and cited growth across the majority of the company's operations. MAJOR MOVERS: Among the notable gainers was Hasbro (HAS), which rose 12.55% to end the session at $74.16 after reporting EPS and revenue in excess of analyst expectations. During its earnings conference call, the company appeared confident on its 2015 offerings which include Disney (DIS) Princess and Frozen product lines. Also higher was Rovi (ROVI), gaining 8.64% to close the day at $19.11 after renewing its licensing and program guide agreement with Charter (CHTR). Among the noteworthy losers was Caesars Entertainment (CZR), tumbling 17.01% to $10 after failing to reach an agreement on its restructuring. Also lower were a number of medical companies involved in the development of CAR-T cancer therapies, including Kite Pharma (KITE), Juno Therapeutics (JUNO), blue bird bio (BLUE), and ZIOPHARM Oncology (ZIOP). The drop followed disappointing, small-scale studies presented during the annual meeting of the American Association for Cancer Research. INDEXES: The Dow rose 208.63, or 1.17%, to 18,034.93, the Nasdaq advanced 62.79, or 1.27%, to 4,994.6, and the S&P 500 gained 19.22, or 0.92%, to 2,100.4.
06:03 EDTDISESPN raises objections to Verizon FiOS TV packages, WSJ reports
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