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Stock Market & Financial Investment News

News Breaks
March 26, 2012
18:02 EDTIMAX, LGFLions Gate's "Hunger Games" breaks opening weekend box office in IMAX theaters
IMAX (IMAX) and Lionsgate (LGF) announced that the limited release of The Hunger Games: The IMAX Experience grossed $10.6M in IMAX theatres worldwide during its three-day opening weekend beginning March 23. Domestically, the film grossed $152.5M, of which $10.2M was generated in 268 IMAX theatres for a per-screen average of $38,000. The results mark an IMAX domestic box office opening weekend record for a digital-only release and for a non-sequel 2D release.
News For LGF;IMAX 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
06:52 EDTLGFLions Gate wanted to talk to Sony about M&A, Reuters says
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06:44 EDTLGFGoogle opponents lobbying state attorneys general, NY Times says
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December 12, 2014
06:27 EDTLGFPiper lowers Mockingjay forecast to $775M from $925M
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December 11, 2014
11:02 EDTLGFLionsgate Motion Picture Group promotes Sean Kisker to Chief Strategy Officer
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08:17 EDTLGFHasbro names Lionsgate Vice Chairman Michael Burns to board of directors
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December 9, 2014
07:32 EDTLGFUBS to hold a conference
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