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Stock Market & Financial Investment News

News Breaks
June 18, 2014
04:55 EDTNXST, NXST, SFXE, SFXE, LGF, LGF, NLSN, NLSN, WWE, WWE, TIVO, TIVO, DHX, DHX, MDCA, MDCA, IMAX, IMAX, P, P, RENT, RENT, SCOR, SCORBernstein to hold a summit
Future of Media Summit to be held in Boston on June 18-19.
News For NXST;RENT;P;IMAX;MDCA;DHX;TIVO;WWE;NLSN;LGF;SFXE;SCOR From The Last 14 Days
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September 2, 2015
06:50 EDTIMAXIMAX China concerns provide an attractive entry point, says B. Riley
B. Riley said shares of IMAX are off by 30% since the mid-June peak given recent volatility in China. The firm said there is a low historical correlation with the economy and box office and notes China's box office trends remain strong. B. Riley said the weakness is an overreaction and provides an attractive entry point in shares. The firm rates IMAX a Buy with a $53 price target on shares.
05:48 EDTIMAXIMAX pullback brings attractive entry point, says B. Riley
B. Riley analyst Eric Wold attributes the 30% pullback in shares of IMAX since their mid-June peak to concerns around China. Investors are concerned that China's weak stock market could impact box office trends and put the planned IMAX China IPO at risk, Wold tells investors in a research note. The analyst, however, notes that correlations between economic changes and box office growth are historically very low, and that IMAX has a "strong" film slate for the remainder of the year. Further, he believes risk of a delayed IPO is already more than reflected in the shares. Wold points out his price target of $53 represents 75% upside from current share levels. He sees an attractive entry point and keeps a Buy rating on IMAX.
September 1, 2015
11:51 EDTPPandora announces service to be ad-free on September 9
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09:16 EDTTIVOTiVo announces Cox On DEMAND now available to subscribers
TiVo and Cox Communications announced Cox's On DEMAND content is now available for joint subscribers using TiVo Roamio and TiVo Premiere DVRs.
August 31, 2015
09:09 EDTPMP Associates to hold a conference
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09:06 EDTSCORcomScore weakness creates buying opportunity, says SunTrust
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08:44 EDTLGFNetflix confirms that it will not renew agreement with Epix
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05:37 EDTLGFHulu, Epix announce extensive multi-year agreement
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August 30, 2015
18:51 EDTLGFNetflix to lose access to certain high profile movies, Re/code says
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August 27, 2015
10:31 EDTPPandora calls active
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10:23 EDTPRumor: Pandora moves up on renewed takeover chatter
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10:11 EDTRENTRentrak management to meet with Needham
Meeting to be held in Boston on September 3 hosted by Needham.
August 26, 2015
15:05 EDTIMAXNew 'Star Wars' film will monopolize IMAX for a month, Hollywood Reporter says
Disney's (DIS) "Star Wars: The Force Awakens," which will be released December 18, will have four weeks of IMAX (IMAX) large-format screens to itself, according to the Hollywood Reporter, after IMAX reserved all of its screens for the movie for a month, something the company hasn't done since a similar deal with The Hobbit movies four years ago. Reference Link
August 25, 2015
07:24 EDTRENTRentrak weakness a buying opportunity, says Brean Capital
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August 23, 2015
16:22 EDTLGF'Straight Outta Compton' finds little contention for No. 1 box office spot
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August 21, 2015
13:11 EDTLGFFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
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August 20, 2015
09:17 EDTNLSNDisney hit with another downgrade on TV concerns
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07:33 EDTIMAXIMAX and Shanghai Film Corp. sign five-theater expansion in China
IMAX announced an agreement with Shanghai Film Corporation and its subsidiary, Shanghai United Circuit Co., for five additional IMAX theatres in China. Four of the theatres will be located in existing multiplexes in Hangzhou, Qingdao, Shenzhen and Chengdu, with another to be added to a new development in Changzhou. Over the past year, the parties have signed agreements for 26 theatres.
07:07 EDTRENTRentrak announces partnership with MovieTickets.com
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06:36 EDTNLSNBernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
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