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Stock Market & Financial Investment News

News Breaks
March 25, 2014
15:51 EDTCNK, RGC, AMC, CKEC, IMAXMPAA says global box office grew to $35B in 2013, LA Times reports
A report from the Motion Picture Association and the National Association of Theatre Owners estimated that global movie ticket sales climbed to a record $35B in 2013, with international markets accounting for $25B of that figure, reported The Los Angeles Times, citing a presentation by the chairman of the MPAA at the annual CinemaCon trade show. Publicly traded companies in the movie industry include IMAX (IMAX), AMC Entertainment (AMC), Carmike Cinemas (CKEC), Cinemark (CNK), and Regal Entertainment (RGC). Reference Link
News For IMAX;AMC;RGC;CKEC;CNK From The Last 14 Days
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February 11, 2016
07:37 EDTIMAXIMAX and T-Joy co. Ltd. enters into two-theatre agreement
IMAX and T-Joy Co., a subsidiary of Toei Company, Japan's film production and distribution company, and one of Japan's largest exhibitors, announced an agreement for two IMAX theatres. The theatres will be added to existing T-Joy complexes in the cities of Tokyo and Yokohama, Japan, and brings to 42, the total number of IMAX screens in the country, of which 25 theatres are currently open and 17 are contracted to open. The deal marks the first exhibition agreement with Toei Company Ltd. The parties first joined forces in 2013 for the IMAX release of Toei's Dragon Ball Z: Battle of Gods, which marked the first IMAX local-language release in Japan. The film was followed with the 2015 IMAX release of Toei's Dragon Ball Z: Resurrection F. Both films were the highest-grossing titles in Japan during their respective opening weekends.
February 9, 2016
16:04 EDTRGCRegal Entertainment reports Q4 adjusted EPS 36c, consensus 32c
Reports Q4 revenue $848.2M, consensus $840.9M.
14:36 EDTRGCNotable companies reporting after market close
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February 5, 2016
10:02 EDTCNKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Ashford Hospitality Prime (AHP) downgraded to Neutral from Buy at SunTrust... Cascade Microtech (CSCD) downgraded to Hold from Buy at Craig-Hallum... Cinemark (CNK) downgraded to Neutral from Outperform at Credit Suisse... ConocoPhillips (COP) downgraded to Sector Perform from Outperform at Scotia Howard Weil... Credit Suisse (CS) downgraded to Equal Weight from Overweight at Morgan Stanley... Cree (CREE) downgraded to Neutral from Overweight at JPMorgan... Deckers Outdoor (DECK) downgraded to Neutral from Buy at BofA/Merrill... Esterline (ESL) downgraded to Hold from Buy at Canaccord... GrubHub (GRUB) downgraded to Perform from Outperform at Oppenheimer... Kohl's (KSS) downgraded to Underweight from Neutral at Atlantic Equities... LINN Energy (LINE) downgraded to Sell from Hold at Stifel... LinkedIn (LNKD) downgraded to Sector Perform from Outperform at RBC Capital... LinnCo (LNCO) downgraded to Sell from Hold at Stifel... Magellan Midstream (MMP) downgraded to Neutral from Outperform at Credit Suisse... Marathon Petroleum (MPC) downgraded to Neutral from Overweight at JPMorgan... Multi-Fineline (MFLX) downgraded to Hold from Buy at Needham... NIC Inc. (EGOV) downgraded to Market Perform from Outperform at Avondale... Outerwall (OUTR) downgraded to Neutral from Overweight at Piper Jaffray... PPL Corp. (PPL) downgraded to Hold from Buy at Deutsche Bank... PennyMac Mortgage (PMT) downgraded to Equal Weight from Overweight at Barclays... Pixelworks (PXLW) downgraded to Hold from Buy at Lake Street... Qorvo (QRVO) downgraded to Sell from Neutral at Citi... Ralph Lauren (RL) downgraded to Underperform from Neutral at BofA/Merrill... TrueBlue (TBI) downgraded on macro concerns at BMO Capital... WEC Energy (WEC) downgraded to Hold from Buy at Deutsche Bank.
February 4, 2016
16:27 EDTRGCRegal Entertainment coverage assumed with a Neutral at Credit Suisse
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16:27 EDTCNKCinemark downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Anthony Nemoto assumed coverage on Cinemark and downgraded shares to Neutral from Outperform and lowered his price target to $33 from $37. The analyst said Cinemark's 30% top line exposure to Latin America is a significant headwind near-term, offsetting any positive attendance or pricing trends in the region.
07:38 EDTIMAXIMAX announces agreement for two new IMAX theatres in UAE
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February 1, 2016
16:08 EDTAMC, CKECCarmike Cinemas acquires two theatres from AMC unit for $5.4M in cash
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07:35 EDTIMAXIMAX, Discovery enter global distribution, marketing partnership
IMAX (IMAX) announced a distribution and marketing partnership, which provides Discovery Communications' (DISCA, DISCB, DISCK) flagship network Discovery Channel with 18 months of exclusive paid global television rights for up to 10 IMAX documentary films to be released through the IMAX Original Film Fund, following the titles' theatrical release across the IMAX institutional theatre network. The alliance marks IMAX's first television distribution agreement for original content. Under the partnership agreement, Discovery Channel will air IMAX documentaries worldwide following their theatrical IMAX release, and consult on development, production and marketing. The IMAX Original Film Fund was established in 2014 to deliver new educational documentaries for the Company's institutional partners, which include many of the world's most prestigious museums, science centers and aquariums. The Fund will finance an ongoing supply of educational documentaries that push the envelope of traditional documentary filmmaking for a new generation of moviegoers.
January 28, 2016
07:41 EDTIMAXIMAX to release Russian-language film in Russia and other territories
IMAX announced that the Russian-language film, Attraction, from Art Pictures Studio and Vodorod Studios will be digitally re-mastered in the immersive IMAX format and released in IMAX theatres in Russia and select international markets starting Jan. 27, 2017, marking the fourth Russian-language film to be released in IMAX,
05:44 EDTAMCSpringOwl calls for Yahoo, Viacom to seek partners, Reuters reports
SpringOwl Asset Management, which holds undisclosed stakes in Yahoo (YHOO) and Viacom (VIA), is urging the boards of both companies to seek investments from strategic partner, Reuters reports, citing an article that is set to be published today. SpringOwl managing director Eric Jackson says that "Although some shareholders of both Yahoo and Viacom think that a simple sale or break-up of both companies is the best way to create value for shareholders, we believe that both companies could benefit from their own version of the 'Buffett Convert,'" and that while stakes of investors would be diluted if an outside investor steps in, but "they would still be better off because their shares would likely get re-rated upwards substantially with this new partner sitting around the board table." Jackson believes Yahoo should seek outside investment from Liberty Media (LMCA), Verizon (VZ) or AT&T (T), while Viacom would benefit from Alibaba (BABA), Amazon (AMZN) or AMC Entertainment (AMC). Reference Link

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