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June 5, 2014
07:19 EDTLGF, RHP, MCS, DCIN, NCMI, CNK, CKEC, EPR, RENT, OUTR, CIDM, IMAXGabelli to hold a conference
6th Annual Movie & Entertainment Conference to be held in New York on June 5.
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November 23, 2015
08:35 EDTLGFLionsgate shares likely to recover after box office miss, says Piper Jaffray
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07:09 EDTLGFLionsgate estimates lowered below guidance at Stifel
Stifel lowered its estimates for Lionsgate below guidance following a weaker than expected opening last weekend for the company's "Hunger Games: Mockingjay Part 2" film. However, the firm thinks that M&A expectations will somewhat offset the pressure on the stock that will be caused by the film;s weak showing. Stifel keeps a $42 price target and Buy rating on the shares.
November 22, 2015
19:54 EDTLGFAs 'Hunger Games' end, Lionsgate places bets on TV, other media, WSJ says
In the wake of the final installment in its "Hunger Games" film property, Lionsgate is making an "array" of bets across its movie and TV businesses as well as new areas like videogames and live events, reports the Wall Street Journal, citing sources. "The Hunger Games," a dystopic science fiction series starring Jennifer Lawrence, has been a "significant factor" in the rise of Lionsgate shares over the past several years, said the publication, and B. Riley analyst Eric Wold told the Journal that "people have been concerned about this 'Hunger Games' cliff for a long time." Lionsgate hopes its combined initiatives will fill the void represented by the conclusion of the series as well as make up for recent flops like "The Last Witch Hunter," the publication explains. Reference Link
16:22 EDTLGF'Hunger Games' finale opens below series average
Though showing clear dominance in the box office rankings, the final film in the "Hunger Games" saga missed analyst estimates in its domestic open. WEEKEND LEADER: Lionsgate's (LGF) "The Hunger Games: Mockingjay - Part 2" debuted at $101M domestically for the weekend of November 22, missing expectations for $120M-$127M and coming in markedly below the series' $144M first-weekend average. The final entry in the dystopic science fiction tetralogy also saw a weaker open than last year's $121M launch for "Mockingjay - Part 1," though reviews have been slightly stronger. BOX OFFICE RUNNERS-UP: Sony's (SNE) latest James Bond outing "Spectre" slipped to second place at the U.S. box office with $14.6M, while Fox's (FOX, FOXA) "The Peanuts Movie" took in $12.8M. Rounding out the weekend's Top 5 were Sony's "The Night Before" and STX's "The Secret In Their Eyes," with the two newcomers earning a respective $10.1M and $6.6M.
November 20, 2015
16:28 EDTLGFJohn Malone reports 3.3% stake in Lionsgate
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16:23 EDTLGFLiberty Global reports 3.4% stake in Lionsgate
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16:12 EDTLGFLionsgate files to sell 1.52M common shares for holders
11:45 EDTIMAX, LGFBox Office Battle: 'Hunger Games' finale expected to top box office
Lions Gate's (LGF) "The Hunger Games: Mockingjay - Part 2," the final movie based on the dystopian young adult novels, is opening this weekend at 4,175 theaters and is expecting a domestic gross in the range of $120M-$127M. Piper Jaffray analyst James Marsh said in a note to investors on November 18 that he expects the film to open domestically in the $130M range, above where it is tracking, due to limited competition and the addition of IMAX (IMAX) screens. Piper maintained its Overweight rating and $45 price target on Lions Gate shares at that time. "The Hunger Games" main competition is "Spectre" and "The Peanuts Movie," both of which are in their third weekend of release. Sony's (SNE) "Spectre," starring Daniel Craig as James Bond, is expected to earn another $15.2M-$16.8M. Fox's (FOX, FOXA) G-rated family film, starring a 3D-animated Charlie Brown, is predicted to earn an additional $12.5M-$13.2M. In other box office news, the Wall Street Journal reported that Disney's (DIS) "Star Wars: The Force Awakens," which hits theaters on December 18, has had record-breaking pre-sales. Fandango said the film has already sold more tickets than any other movie before its release, which is still four weeks away, and IMAX said the movie has "doubled" its prior pre-sales record of about $9M. Other publicly traded companies involved in filmmaking include Comcast (CMCSA, CMCSK), Time Warner (TWX), and Viacom (VIA, VIAB).
November 19, 2015
16:05 EDTLGFLionsgate extends contracts of co-COO and Chief Strategic Officer
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11:02 EDTCIDMCinedigm takes majority interest in CONtv
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07:27 EDTNCMI, CKEC, CNKMKM Partners to hold a conference
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November 18, 2015
13:36 EDTCKECCarmike remains undervalued relative to peers, says B. Riley
B. Riley analyst Eric Wold says Oasis Management's letter to Carmike Cinemas, as reported last night by Reuters, highlights a number of the arguments he's been making. Wold continues to view Carmike as a "meaningfully undervalued" theater chain with the potential for a dividend. He reiterates a Buy rating on the stock with a $32 price target.
13:31 EDTCKECActivist Oasis pressing Carmike for dividend, Reuters reports
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09:32 EDTNCMINational CineMedia forms in-theater marketing relationship with Fandango
Fandango and National CineMedia announced a new strategic relationship that will bring Fandango's original video content to the big screen nationwide as part of NCM's "FirstLook." The deal will also exclusively provide NCM with a select aggregated set of Fandango's moviegoer demographic data, which NCM will combine into its broader data management platform, enabling more effective in-theater advertising and content targeting for NCM's marketing partners. As part of the relationship, Fandango will provide NCM with select sets of aggregated moviegoer data from various films. NCM will integrate these film specific insights along with other premium data sources as part of an overall integrated data solution to more effectively identify moviegoer segments for improved audience targetability.
November 17, 2015
15:23 EDTRENTRentrak management to meet with William Blair
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08:14 EDTEPRRBC Capital to hold events at NAREIT
RBC Capital Events being held at NAREIT in Las Vegas on November 17-18.
November 16, 2015
17:10 EDTLGFSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
15:53 EDTLGFJANA Partners reduces stakes in Rackspace, Qualcomm
JANA Partners gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Mattel (MAT), Zoetis (ZTS), and Aramark (ARMK). INCREASED STAKES: ConAgra Foods (CAG). DECREASED STAKES: Rackspace (RAX), Qualcomm (QCOM), Time Warner (TWX), Starz (STRZA), and Lions Gate (LGF). LIQUIDATED STAKES: Johnson Controls (JCI), Precision Castparts (PCP), AerCap Holdings (AER), United Rentals (URI), and HD Supply Holdings (HDS).
12:33 EDTRENTRentrak management to meet with Needham
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November 15, 2015
17:09 EDTLGF'Spectre' stays uncatchable while Christmas-themed 'Coopers' outperforms
"Spectre" and "The Peanuts" remained in first and second place, respectively, at the domestic box office while Christmas comedy "Love The Coopers" topped expectations heading into the holiday period. WEEKEND LEADER: Sony's (SNE) "Spectre" grossed $35.4M in the U.S. for the weekend of November 15, falling roughly 50% from its $73M domestic open. Globally speaking, the latest James Bond film has pulled in $543.8M in just its second week at the box office. BOX OFFICE RUNNERS-UP: Fox's (FOX, FOXA) "The Peanuts Movie" earned $24.2M, as Charlie Brown and friends fell somewhat short of analyst expectations for $28.7M. Meanwhile, Lionsgate's (LGF) Christmas-themed comedy "Love The Coopers" debuted at $8.4M, beating estimates of $5.2M-$8M despite harsh reviews. Rounding out the weekend's Top 5 were Fox's "The Martian" with $6.7M and newcomer "The 33" at $5.8M. Analyst expectations ranged $5.5M-$10M for the disaster survival drama from Time Warner's (TWX) Warner Bros.
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