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Stock Market & Financial Investment News

News Breaks
June 16, 2014
11:33 EDTDWA, SNE, FOX, FOXA, NFLXDreamWorks nosedives after 'Dragon 2' falls short of expectations
Shares of animated family-film producer DreamWorks Animation (DWA) are falling after its latest film, "How to Train Your Dragon 2," didn't do as well as analysts had expected in its box-office debut. WHAT'S NEW: DreamWorks' "How to Train Your Dragon 2," which is distributed by 20th Century Fox (FOX, FOXA), grossed $50M in its opening weekend, while Sony's (SNE) "22 Jump Street" topped the U.S. box-office with $60M in grosses, said The Wall Street Journal. Both sequel films earned higher debut weekend revenues than their predecessors. During its 2010 opening weekend, "How to Train Your Dragon" made roughly $44M domestically, the Journal noted. ANALYST REACTION: Piper Jaffray analyst James Marsh said that while DreamWorks' latest film could still reach its $200M domestic box office target, the opening for "Dragon 2" came in below the consensus forecast by 30%-40%. Citing the film's opening results, as well as slate changes this year and next and slower than anticipated Netflix (NFLX) episode deliveries, Piper Jaffray lowered its FY15 EBITDA estimate for Dreamworks Animation to $106M from $130M, which it said is "well below" a consensus forecast of $182M. The firm maintains an Underweight rating on DreamWorks' shares. PRICE ACTION: During late-morning trading, shares of DreamWorks fell nearly 12.5% to $23.94.
News For DWA;SNE;FOX;FOXA;NFLX From The Last 14 Days
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September 12, 2014
05:41 EDTSNESony collaborates with Teradek
Teradek announced collaboration with Sony to integrate Sony’s wireless camera adapter, the CBK-WA100 and CBK-WA101, with Teradek’s T-Rax and Slice H.264 decoders. The integration offers broadcasters a powerful point-to-point MPEG-2 solution for HD live video transmission from the field to TV stations or ENG trucks.
05:31 EDTNFLXNetflix upgraded to Equal Weight from Underweight at Barclays
Barclays upgraded its rating on Netflix (NFLX) shares to Equal Weight from Underweight saying its international estimates are likely achievable and it no longer sees the stock underperforming peers. Barclays raised its price target for Netflix to $480 from $420. The stock closed yesterday down $2.83 to $481.56.
September 11, 2014
16:00 EDTNFLXOptions Update; September 11, 2014
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11:10 EDTFOXA, FOXFox COO Carey says company has 'moved on' from Time Warner, THR reports
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09:37 EDTNFLXActive equity options trading on open
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06:17 EDTFOXA, FOXTime Warner not planning HBO IPO, comments on Fox, NY Post reports
Time Warner (TWX) CEO Jeff Bewkes told the Goldman Sachs Communacopia conference that the company is not planning an IPO or tracking stock for HBO, the New York Post reports. Bewkes also commented that the company took 21st Century Fox's (FOXA) takeover offer "very seriously," but it was determined that the integration process would be such a "large undertaking" that shareholders of both companies "would be exposed to incredible and unnecessary risks." Reference Link
September 10, 2014
16:00 EDTNFLXOptions Update; September 10, 2014
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12:46 EDTSNESony Entertainment CEO says division spin-off 'not happening,' NY Post reports
The CEO of Sony's entertainment division, Michael Lynton, said that Sony is not entertaining a sale, spin-off, or joint venture of its entertainment business, New York Post reports, citing an overview of the business from Lynton during Golgman Sachs' Communacopia conference. Lynton also said that the entertainment division's music business has a very bright future, and the company "really wants the subscription model to thrive." Lynton also said that network TV is a promising business if producers know the landscape of the international market, New York Post added. Reference Link
10:26 EDTNFLXDiscovery CEO says likes doing deals with Netflix, Amazon
CEO David Zaslav says Comcast (CMCSA)/Time Warner Cable (TWC) deal "presents some serious issues," is talking to FCC about deal. Says will be opportunistic with international acquisitions, but "We don't feel like we need to acquire anything at this point." Says has more subscribers than ESPN with Europsport. Comments made at the Goldman Sachs Communacopia Conference.
10:01 EDTSNEViacom and Sony reach internet distribution agreement
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10:00 EDTNFLXOn The Fly: Analyst Initiation Summary
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09:38 EDTNFLXActive equity options trading on open
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07:36 EDTFOXAFox loses round in fight with TVEyes, Hollywood Reporter says
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06:26 EDTNFLXNetflix initiated with a Neutral at SunTrust
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06:04 EDTNFLXNetflix initiated with a Buy at Canaccord
Target $550.
September 9, 2014
12:55 EDTNFLXNetflix advances after analyst ups target to $600
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09:36 EDTNFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL KNDI NFLX YHOO TWTR TSLA C BAC FB MCD
08:22 EDTNFLXNetflix price target raised to $600 from $530 at RBC Capital
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07:31 EDTNFLXNetflix enters online U.S. net neutrality strike, Reuters says
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07:28 EDTFOX, FOXAFOX pursues reality TV joint venture agreement, Hollywood Reporter says
21st Century Fox (FOX, FOXA) president and COO Chase Carey said that the company doesn't want to pursue Time Warner (TWX) again or look for another large deal, but the firm is aiming to finalize an agreement to create a reality television joint venture agreement comprised of Shine Group, Endemol and Core Media in the future, according to Hollywood Reporter, citing comments from Carey. Reference Link
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