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Stock Market & Financial Investment News

News Breaks
April 23, 2012
06:34 EDTLGF, SNESony's "Think Like a Man" beats "Hunger Games" at box office, WSJ reports
After a four-week reign at the box office, Lionsgate's (LGF) "The Hunger Games" was dethroned by Sony's (SNE) "Think Like a Man," reports the Wall Street Journal. "Think" drew in $33M from 2,015 locations. Reference Link
News For LGF;SNE From The Last 14 Days
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April 1, 2015
09:08 EDTLGFLionsgate launches new Lionsgate Premiere specialty distribution label
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06:31 EDTSNESony cuts stake in Olympus, Reuters reports
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March 31, 2015
13:29 EDTSNEAcacia subsidiaries enter into patent license agreements with Sony Mobile
Acacia Research (ACTG) announced that its Saint Lawrence Communications LLC and Saint Lawrence Communications GmbH subsidiaries have entered into patent license agreements with Sony (SNE) Mobile Communications.
11:49 EDTSNEFTC approves orders settling charges of false advertising by Sony for PS Vita
The FTC has approved two final orders settling charges that Sony Computer Entertainment America and its advertising agency at the time falsely advertised certain capabilities of the company’s PlayStation Vita handheld gaming console. According to the complaints, announced jointly in November 2014, Sony deceived consumers with false advertising claims about several “game changing” technological features of the PS Vita in late 2011 and early 2012. The Commission alleged that Deutsch LA, Sony’s advertising agency for the PS Vita launch, knew or should have known that the advertisements it produced contained misleading claims about the console’s capabilities. The FTC also alleged that Deutsch LA misled consumers by urging its employees to create awareness and excitement about the PS Vita on Twitter, without instructing them to disclose their connection to the advertising agency or its then-client Sony. Under the order, Sony will provide consumers who bought a PS Vita gaming console before June 1, 2012, either a $25 cash or credit refund, or a $50 merchandise voucher for select video games, and/or services. The FTC’s order with Deutsch LA bars it from making similar misrepresentations as Sony, and bars misrepresentations that an endorser of any game console product or video game product is an independent user or ordinary consumer of the product. It also requires the agency to disclose a material connection, where one exists, between any endorser of a game console product or video game product and Deutsch LA or other entity involved in the manufacture or marketing of the product. Reference Link
07:05 EDTLGFLionsgate partners with Dubai Parks and Resorts
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06:00 EDTSNESony Mobile to ship 38M smartphones in FY15, DigiTimes reports
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March 30, 2015
11:52 EDTLGFLionsgate reports 2.31% Series A stake in Starz
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07:53 EDTSNEAlibaba signs digital music distribution deal for China with BMG, WSJ reports
Alibaba (BABA) will become an exclusive online distributor of BMG’s music and artists in China under a new digital music distribution deal, The Wall Street Journal reports. The partnership with BMG follows similar deals in China last year between Tencent (TCEHY) and music companies like Sony's (SNE) Sony Music Entertainment and Warner Music Group. Reference Link
March 29, 2015
19:57 EDTLGFDreamWorks' 'Home' leads at weekend box office with $54M
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March 26, 2015
06:32 EDTSNEGameStop pre-owned sales may see boost in Thursday earnings release, WSJ says
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March 25, 2015
08:07 EDTLGFLionsgate announces Zygi Kamasa to continue serving as Lionsgate UK
Lionsgate announced Zygi Kamasa has entered a new long-term agreement to continue serving as Chief Executive Officer of Lionsgate UK and to assume additional new responsibilities as CEO of Lionsgate's European Office.
05:52 EDTSNEFoxconn to set up India production lines to respond to Sony demand, DigiTimes says
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March 23, 2015
06:00 EDTSNESony to reduce TV, smartphone orders to Taiwan partners, DigiTimes reports
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March 22, 2015
18:46 EDTLGFLionsgate's 'The Insurgent' takes top spot at box office with $54M
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March 20, 2015
16:05 EDTLGFLionsgate files to sell 361,229 shares of common stock for holders
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06:36 EDTSNEWeb TV companies ask internet providers for special treatment, WSJ says
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06:06 EDTSNESony Mobile expected to reach revised smartphone shipment target, DigiTimes says
Sony Mobile said its Q4 smartphone shipments increased 20.2% sequentially to 11.9M units, reports DigiTimes. According to Taiwan-based hanset component suppliers, Sony Mobile is expected ship over 8M smartphones in the first calendar quarter of 2015, allowing the vendor to reach its revised target of 39.2M units for FY14. Reference Link
March 18, 2015
12:09 EDTSNESony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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06:53 EDTLGFLionsgate closing $375M financing agreement with Chinese broadcaster, WSJ says
Lionsgate CEO Jon Feltheimer said in a Wall Street Journal interview that the company is closing a $375M financing agreement with Hunan TV & Broadcast Intermediary that may boost its ability to screen films in China. Hunan will fund 25% of Lionsgate production costs over a three year period which the Journal notes could total $1.5B, though popular franchises "Hunger Games," "Divergent," and "Twilight" are not covered. Hunan's subsidiary will acquire rights to distribute up to four Lionsgate films in China, and the two companies will also produce films and television shows for both U.S. and Chinese markets, with a "Candy Crush Saga" TV show being a likely first candidate, according to Feltheimer. Reference Link

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