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December 27, 2012
15:19 EDTNWSA, DIS, CNK, LGF, VIAB, RLD, CKEC, SNE, DWA, VIA, IMAX, RGC, TWXHollywood ticket sales increase for the first time in three years, AP says
The number of movie tickets sold in the U.S. increased for the first time in three years, reported the Associated Press earlier. Ticket sales are projected to jump 5.6% to 1.36B by December 31, according to box-office tracker Reference Link
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September 30, 2015
09:07 EDTLGFLionsgate signs deal with Buena Vista International for distribution in Russia
Lionsgate has forged an output deal with international theatrical distributors Buena Vista International for distribution of Lionsgate titles in Russia and the rest of the Commonwealth of Independent States. The agreement will kick off with Lionsgate's revenge thriller Sicario this fall.
06:09 EDTRLDRealD postpones nomination of board candidates to October 30
RealD disclosed last night that its board approved an amendment to the company's bylaws to specify that to be timely brought before the 2015 Annual Meeting of Stockholders a stockholder's notice of business and nomination of candidates for election to the board needs to be provided no sooner than October 15 and no later than October 30.
September 29, 2015
18:55 EDTVIA, VIABCablevision, Viacom in talks to settle antitrust dispute, Reuters says
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15:19 EDTDISDiscovery drops as investor day fails to dispell cord-cutting fears
Shares of Discovery Communications (DISCA) have dropped today as the company held its first-ever investor day amid ongoing concerns about the potential decline of pay TV. NEW GUIDANCE: Discovery Chief Financial Officer Andrew Warren updated the company's full year 2015 outlook, saying he expects constant currency adjusted earnings per share to grow in the low double digits. The company expects revenue for the year to grow 9%-10%, with free cash flow up in low single digits. Meanwhile, year over year currency headwinds were seen deducting $460M from revenue and 24c-29c from adjusted EPS. Discovery also established long-term guidance, saying it sees its adjusted EPS compound annual growth rate up in low double digits from 2015 to 2018, on a constant currency basis. "Third quarter results are on track, highlighted by strong U.S. advertising growth," Warren added. THREE BILLION SUBSCRIBERS: CEO David Zaslav commented during the investor day that the company is "confident in the long-term outlook for our business," adding that Discovery expects to reach 3B cumulative worldwide subscribers by year's end. The Chief Executive highlighted what he called five differentiators for Discovery's growth potential, including its ownership of a growing and diverse portfolio of content and IP "that uniquely positions Discovery for the changing media landscape." CORD CUTTING: Multiple Discovery executives showcased the company's European products, including Eurosport and the Eurosport Player OTT service, as well as the company's apparent first-mover advantage in Latin America. The seemingly increased attention on foreign initiatives comes as U.S. cord-cutting trends continue generating headlines, with Citi analyst Jason Bazinet arguing as recently as September 18 that Disney (DIS) would be the only cable network to make more money in a bundle-free world. According to media reports of today's Discovery event, Chief Executive Zaslav said "it's not rational" that media companies are selling so much of their content to streaming services like Netflix (NFLX) that threaten the appeal of cable bundles. The CEO added that Discovery has assumed a 1%-2% decline in pay TV over "the next couple of years," though he reassured investor day attendees that the company's adjusted operating income should be roughly flat even in a worst-case scenario. PRICE ACTION: Shares of Discovery crashed as much as 7% in early morning trading before seeing hesitant moves higher. The stock is down just under 4% to roughly $26.70 heading towards session close.
12:29 EDTSNEGoogle announces Nexus 6P smartphone
The Nexus 6P features an all-metal body and a 5.7-inch AMOLED display. The phone is manufactured in cooperation with Huawei, and includes a USB-C port that can charge the device twice as fast as an Apple (AAPL) iPhone 6 Plus, according to Google (GOOG). The 6P uses a 12.3 megapixel rear-facing Sony (SNE) camera, as well as a 5 megapixel front-facing camera. The phone also includes Nexus Imprint, an advanced fingerprint authentication technology. Google executives are speaking at the company's Nexus 2015 event.
08:01 EDTSNEGlobal Eagle strikes worldwide IFE agreement with Sony Music
Global Eagle (ENT) announced a global licensing agreement with Sony Music Entertainment to add thousands of songs from Sony (SNE) Music's iconic catalog to GEE's leading inflight entertainment portfolio. The broad-based deal is Sony Music's first licensing pact with an inflight entertainment content service provider and gives Global Eagle access to hit songs from leading recording labels, including Columbia, Epic, RCA, Masterworks, Legacy, Sony Music Nashville for use in its airline inflight entertainment systems around the globe.
September 28, 2015
11:32 EDTRLDRealD says U.S. patent office throws out two challenges to RealD patents
RealD said that the U.S. Patent Office's Patent Trial and Appeal Board threw out the final two challenges to RealD patents. The PTAB denied the final two requests for review from MasterImage3D, attempting to challenge RealD's patents protecting their award-winning XL light doubling technology. The ruling is the latest victory upholding and affirming RealD patents around the world. This is a significant win for RealD as most of MasterImage's attacks have now been denied despite repeated attempts to invalidate the RealD patents. MasterImage is now barred from further challenging RealD's patents before the PTAB.
09:36 EDTDIS Active equity options trading on open
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05:56 EDTDWADreamWorks pullback brings 'compelling' entry point, says Piper Jaffray
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05:15 EDTRGCRegal Entertainment upgraded to Buy from Neutral at B. Riley
B. Riley analyst Eric Wold upgraded Regal Entertainment to Buy with a $22 price target citing the recent pullback in shares and an improved 2016 film slate.
September 27, 2015
19:39 EDTSNE, TWX'Hotel Transylvania 2' bites down in record-setting debut
Animated children's film "Hotel Transylvania 2" set a domestic record for September while "Maze Runner" and "Black Mass" dropped in their second weekends at the box office. WEEKEND LEADER: Sony's (SNE) computer animated comedy "Hotel Transylvania 2" grossed $47.5M during its domestic open for the weekend of September 27, beating expectations for $35M-$40M and setting a new record for September box office debuts. Adam Sandler, Selena Gomez, and others returned to provide voice acting for the monster-themed movie, which saw the biggest open yet for Sony Pictures Animation. BOX OFFICE RUNNERS-UP: With Robert DeNiro and Anne Hathaway in leading roles, Time Warner (TWX) subsidiary Warner Bros.' "The Intern" opened at $18.2M against estimates sales of $15M-$20M. Fox's (FOX, FOXA) "Maze Runner: The Scorch Trials" came in third with $14M after grossing $30.3M domestically during last weekend's debut. Meanwhile, Comcast (CMCSA, CMCSK) subsidiary Universal's "Everest" jumped to $13.1M after significantly expanding its screen count, while Warner Bros.' "Black Mass" rounded out this weekend's Top 5 at $11.5M.
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