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Stock Market & Financial Investment News

News For SNE From The Last 14 Days
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December 22, 2014
06:40 EDTSNESony could stream 'Interview' on Crackle, but no decision made yet, Re/code says
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December 21, 2014
17:15 EDTSNEWarner Bros' ‘The Hobbit’ prevails at weekend box office, Bloomberg says
“The Hobbit: The Battle of the Five Armies,” from Warner Bros. (TWX) topped Sony's (SNE) remake of “Annie” and 21st Century Fox's (FOX, FOXA) The “Night of the Museum” this weekend, says Bloomberg. The action-fantasy from Warner Bros.brought in $56.2M in weekend sales, added Bloomberg. Reference Link
16:18 EDTSNEAlibaba's Ma showed interest in movie partnering with Sony, Bloomberg says
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13:40 EDTSNESony says other options for releasing 'The Interview' being considered, CNN says
Sony Entertainment CEO Michael Lynton, in an interview with CNN's Fareed Zakaria, said the company did not give in to the hackers as Sony does not own the movie theaters which determine whether or not a movie will be played, says CNN. Lynton added that other avenues of release for "The Interview" are being considered and that a release on the Internet may be an option, added CNN. Reference Link
December 19, 2014
14:05 EDTSNEPresident Obama says Sony made 'mistake' in pulling movie
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14:02 EDTSNEPresident Obama says Sony decision to pull movie a 'mistake'
12:00 EDTSNEFBI says North Korea responsible for Sony Pictures hack
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10:58 EDTSNEU.S. places blame on N. Korea for Sony hack, Reuters reports
According to an unnamed U.S. official, North Korea was primarily responsible for the Sony hack, with a possible Chinese link, Reuters reports. The link may be either through collaboration with Chinese actors, or using China based servers to hide digital footprints, the report said. Reference Link
06:41 EDTSNESony unable to find outlet for film as relationships damaged, NY Times reports
Sony has been unable to find any outlet interested in disseminating its film, "The Interview," as any company that shows the film could be exposed to hacking, according to The New York Times. Meanwhile, the leaking of the e-mails of Sony's executives, and the cancellation of the movie's release, is damaging the company's relationship with movie stars, journalists, and other film companies, the newspaper stated. Reference Link
06:40 EDTSNESony loss on 'Interview' may not be covered by insurance, NY Post says
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December 18, 2014
18:00 EDTSNESony shares could climb 50%, Barron's says
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10:19 EDTSNESony 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 EDTSNEIMAX and RealD could benefit from The Interview cancellation, says B. Riley
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December 17, 2014
18:26 EDTSNEU.S. connects North Korea to Sony cyber attack, NY Times says
American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures, NY Times reports. Reference Link
18:08 EDTSNEInvestigators confirm North Korea behind Sony cyber attack, CNN reports
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17:37 EDTSNECarmike Cinemas delays exhibition of "The Interview" due to Sony cyber-attack
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17:19 EDTSNESony cancels release of 'The Interview' CNBC reports
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17:00 EDTSNESony cancels release of 'The Interview' CNBC reports
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06:52 EDTSNELions Gate wanted to talk to Sony about M&A, Reuters says
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06:47 EDTSNETheater cancels Sony movie debut after threat, NY Times says
A New York movie theater canceled the New York premier of Sony's film, "The Interview," after a terrorist threat was made against theaters that show the film, according to The New York Times. North Korea has harshly criticized the movie. Reference Link
06:44 EDTSNEGoogle opponents lobbying state attorneys general, NY Times says
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06:40 EDTSNEAU Optronics should see increased orders for Ultra HD TV panels, DigiTimes says
AU Optronics (AUO) and Innolux should see increased orders for Ultra HD LCD TV panels as a result of active promotions for the TVs by Sony (SNE) and Panasonic (PCRFY), industry sources tell DigiTimes. Reference Link
06:07 EDTSNECarmike Cinemas pulls screenings of Sony's "The Interview," AP reports
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December 16, 2014
17:53 EDTSNESony hackers threaten 'The Interview' attendees, WSJ says
People claiming to be the Sony hackers said that there would be attacks like those of Sept. 11, 2001 at theaters showing the studio’s movie “The Interview,” according to The Wall Street Journal. Reference Link
13:17 EDTSNETencent, Sony make music rights deal, Re/code says
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12:51 EDTSNESony sued by former employees over data protection, Reuters says
Two former Sony employees are suing the company for failing to adequately protect their data, according to Reuters. Sony's Sony Pictures unit suffered a massive hacking attack last month. Reference Link
06:14 EDTSNESony says film studio's business remains strong, WSJ reports
Sony Pictures executives apologized in a staff meeting Monday for leaked emails and sensitive documents, The Wall Street Journal reports. Despite damage from the November hacking attack, executives said the film studio’s business remains strong. Reference Link
05:44 EDTSNESony Pictures confirms extent of cyber attack
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December 15, 2014
06:45 EDTSNESony tells media outlets to stop reporting leaked information, Reuters says
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06:03 EDTSNEAlleged Sony hackers offer to selectively withhold stolen data, Re/code reports
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06:00 EDTSNESony Pictures not shutting down film production because of hack, Deadline says
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December 12, 2014
06:16 EDTSNEGlobal demand for e-paper on the decline, DigiTimes reports
Global demand for e-paper from e-book vendors is decreasing due to competition from tablets, reports DigiTimes, according to sources with Taiwan's supply chain. Due to the decline, Toshiba (TOSBF), Sony (SNE), and Panasonic (PCRFY) have withdrawn from the e-book reader market. According to the sources, Amazon is still look at growth in the China market, but the e-book reader market is not showing any signs of a rebound. Reference Link
06:12 EDTSNESony considered selling stake in Crackle, Bloomberg reports
Sony Pictures Television had weighed the sale of a majority stake in Crackle, reports Bloomberg. Citing e-mails made public by hackers, executives at Sony discussed a deal with Evolution Media Capital. An outside investment in Crackle would free up cash the website could spend on original series and marketing, Berger wrote in an e-mail to Steve Mosko, president of Sony Pictures Television. Reference Link
December 11, 2014
19:34 EDTSNEMicrosoft Xbox One outsells Sony PS4, Engadget reports
Microsoft's (MSFT) Xbox One was the best selling console for November, beating Sony's (SNE) PlayStation 4, according to Microsoft, citing data from NPD Group. Prior to November, the PlayStation 4 had been the best selling console for almost a year. According to the NPD data, console sales are up in general, with hardware unit-sales increasing by 3% over last November. Reference Link
December 8, 2014
18:19 EDTSNESony hacker releases additional private data, issues threat, Re/code says
Guardians of Peace, the hacker group claiming responsibility for the attack against Sony Pictures Entertainment, released an additional trove of private data and issued threats against the studio, according to Re/code. Reference Link
09:21 EDTSNESony Pictures called the cyberattack 'unprecedented in nature', Re/code reports
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06:24 EDTSNENorth Korea denies role in recent Sony hacking, WSJ reports
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06:17 EDTSNESony PlayStation store may have suffered possible cyberattack, AP reports
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