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Stock Market & Financial Investment News

News Breaks
March 20, 2014
07:33 EDTDIS, IMAXIMAX and Disney extend relationship with multi-picture screening deal
IMAX (IMAX) and Disney (DIS) announced an agreement to release several of Disney's upcoming films in IMAX theatres under an extension of the companies' long-running relationship. Under the agreement, IMAX will be part of Disney's release strategy for its most highly-anticipated films.
News For IMAX;DIS From The Last 14 Days
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December 18, 2014
10:19 EDTIMAXSony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
07:23 EDTIMAXIMAX and RealD could benefit from The Interview cancellation, says B. Riley
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December 17, 2014
11:09 EDTDISFormer Hulu CEO gears up to launch Vessel, Re/code reports
Former Hulu CEO Jason Kilar is getting ready to launch a web video service called Vessel, which utilizes YouTube stars, Re/code reports. Reference Link
December 11, 2014
06:41 EDTDISDisney, others avoided U.S. taxes with Luxembourg deals, ICIJ says
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06:24 EDTDISDISH plans to leave broadcast channels out of basic online TV package, WSJ says
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December 10, 2014
16:00 EDTDISOptions Update; December 10, 2014
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10:00 EDTDISOn The Fly: Analyst Downgrade Summary
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06:25 EDTDISDisney downgraded to Hold from Buy at Topeka
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December 9, 2014
15:03 EDTDISDiscovery Communications rises after CEO sees outperforming U.S. peers
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11:11 EDTDISDiscovery, Hulu announce new distribution agreement
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06:48 EDTDISAnalysts say Netflix undermining TV ad revenue, NY Times reports
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December 5, 2014
16:54 EDTDISDisney initiated with a Buy at UBS
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December 4, 2014
17:58 EDTDISDisney should continue to deliver returns, Barron's says
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