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News Breaks
February 26, 2009
06:03 EDTNDAQ, DWA, NYXNasdaq pulls for listing switches-WSJ
The Wall Street Journal reports that Nasdaq Stock Market (NDAQ) is gaining ground in the war for stock-exchange listings. In 2008, Nasdaq attracted companies with $80B of market capitalization to switch from NYSE Euronext's (NYX) New York Stock Exchange, which stole Nasdaq-listed companies with just $8B in market value last year. Nasdaq is using new tactics like advertising perks and "market intelligence" services to steal companies that include DreamWorks Animation SKG (DWA) from the NYSE. Reference Link
News For NDAQ;NYX;DWA From The Last 14 Days
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March 30, 2015
05:58 EDTDWADreamWorks write-off risk still 75% despite strong opening, says B. Riley
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05:49 EDTDWADreamWorks to build franchise around 'Home,' says Piper Jaffray
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March 29, 2015
19:57 EDTDWADreamWorks' 'Home' leads at weekend box office with $54M
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March 27, 2015
14:29 EDTDWAFly Watch: DreamWorks' lone 2015 feature opens this weekend
DreamWorks' (DWA) sole feature film slated for release in 2015, "Home," is set to debut this weekend. The animated movie, narrated by Jim Parsons, Rihanna and Steve Martin, details an alien race's search for a new home planet. "Home" is expected to take in $31M during its opening weekend, according to ANALYST VIEW: The film should do well enough at the box office to avoid a significant write-down, Piper Jaffray analyst James Marsh wrote earlier this week in a note titled "'Home' Need Not Be a Home Run, Just Not A Whiff." Earlier this year DreamWorks took a $57M write-down on "Penguins of Madagascar," and it took a $13.5M write-down on its "Turbo" film in 2014. Last weekend, "Home" was released in a number of small foreign markets, and the results in the U.K. were favorable, as it generated the most revenue among films opening in Britain, Marsh reported. The analyst had an upbeat take on the quality of the movie, saying that its characters are likable and that it was enjoyable overall, although it "was a bit sappy." Estimating that "Home" will generate $350M in global sales, or slightly more than consensus expectations, Marsh wrote that the movie should be a significant positive catalyst for the stock. The film's performance should be sufficient to shift investors' focus to DreamWorks' upcoming positive catalysts that are more likely to boost the stock, including its improved 2016 film slate, its enhanced consumer products business, and its increasingly strong TV business, the analyst stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: Research firm B. Riley was less optimistic about the outlook for "Home" earlier this month. In a note to investors on March 13, B. Riley downgraded the stock to Neutral from Buy, based on valuation and its belief that the company may have to take a write-down on "Home." The firm kept a $24 price target on the shares. PRICE ACTION: Shares of DreamWorks are up 4c to $22.06 in Friday afternoon trading.
11:21 EDTDWADreamWorks Animation volatility low into 'Home' opening
DreamWorks Animation April weekly call option implied volatility is at 45, April is at 42, May is at 52, June is at 44; compared to its 26-week average of 49 according to Track Data, suggesting decreasing price movement into 'Home' opening.
March 25, 2015
05:37 EDTDWADreamWorks film expected to be material positive catalyst at Piper Jaffray
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March 24, 2015
08:42 EDTDWADreamWorks 'Home' opens to $19.2M in international markets, NY Post says
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06:18 EDTNDAQNasdaq partners with Noble to develop bitcoin marketplace, WSJ says
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March 23, 2015
07:19 EDTNDAQCapital Link to hold a forum
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March 18, 2015
18:23 EDTNDAQNASDAQ halts trading of Life Partners
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09:23 EDTDWAVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.

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