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June 24, 2014
13:17 EDTTWX, T, CMCSA, DTVAT&T CEO says DirecTV deal is unlike other mergers, Reuters says
AT&T (T) CEO Randall Stephenson said its proposed merger with DirecTV (DTV) does not compare with other mergers like Comcast (CMCSA) with Time Warner (TWX) because it offers largely different services, reports Reuters. At a hearing on the proposal before a House Judiciary Committee, he said, "We're putting the DirecTV's satellite TV product with our broadband wireless product... There is not a content player per se in this transaction." Reference Link
News For T;DTV;CMCSA;TWX From The Last 14 Days
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November 29, 2015
17:53 EDTTWX'Hunger Games' stays ahead of competition as Pixar sees slight miss
"The Hunger Games: Mockingjay - Part 2" held on to its box office lead despite competition from Pixar's latest animated film and a strong performance from Rocky Balboa's latest outing, "Creed." WEEKEND LEADER: Lionsgate's (LGF) "The Hunger Games: Mockingjay - Part 2" took in $51.6M domestically for the weekend of November 29 while battling several new releases over the Thanksgiving holiday. The film's roughly 49% slip from its box office open last weekend was not as severe as that seen by previous entries in the series, whose dystopic science-fiction saga has now wound to a close for Lionsgate. BOX OFFICE RUNNERS-UP: Disney (DIS) Pixar's "The Good Dinosaur" opened at $39.2M in the U.S. against expectations for $54M, a rare miss for the studio. In an interview with Bloomberg following the release of this weekend's numbers, Walt Disney Studios' executive Dave Hollis commented, "With every release it is a little bit less about how we start and really more about how we finish. [The film's open has] set us up in a great way." Meanwhile, Warner Bros.' (TWX) "Creed" debuted at $30.1M versus estimates for $26M. "Creed," which marks the seventh Rocky Balboa boxing film, stars Sylvester Stallone as mentor and trainer to the son of Apollo Creed, a previous antagonist in the series. Rounding out the weekend's top five were Sony's (SNE) "Spectre" and Fox's (FOX, FOXA) "The Peanuts Movie," which earned a respective $12.8M and $9.7M. Fox's "Victor Frankenstein" failed to place in the top 10, grossing $2.4M against an approximate budget of $40M.
November 27, 2015
13:22 EDTTWXOn The Fly: Top stock stories for Friday
Stocks on Wall Street were mixed following the short Black Friday session. In addition to periodic checks on traffic at malls and big box retailers, the day's media coverage was dominated by discussion of Disney's disclosure that subscribers for ESPN have dropped about 3% from last year's levels. ECONOMIC EVENTS: In the U.S., no major data was released, as several reports that usually come out on Thursdays or Fridays were accelerated into Wednesday due to the holiday. In China, shares of brokerages sold off sharply, with Citic Securities, Founder Securities and China Merchants all falling about 10% on news that the China Securities Regulatory Commission had launched investigations into the firms in an effort to limit short selling and speculation. Amid the rout in the brokerages, the Shanghai Composite index tumbled 5.5%. COMPANY NEWS: Shares of Disney (DIS) fell $3.56, or 3.0%, to $115.11 after the media giant disclosed in a regulatory filing late Wednesday that domestic subscribers for ESPN were estimated to have declined by 3M. As of October 3, ESPN had 92M subscribers in the U.S., as estimated by Nielsen Media Research. In the company's 10-K filing last year, Disney stated that Nielsen estimated that ESPN had 95M subscribers as of September 27, 2014. Disney's weakness weighed on its big media peers as well, with Twenty-First Century Fox (FOX, FOXA) falling 1.2%, Time Warner (TWX) dropping 0.74% and Viacom (VIA, VIAB) sliding 1.8%... Amazon (AMZN) shares were flattish, falling 0.3% despite Adobe Systems estimating that online shoppers in the U.S. would spend $1.7B in online shopping by the end of the day on Thanksgiving, a 22% jump from last year. Additionally, ChannelAdvisor estimated that Amazon had a "strong showing" on Thanksgiving day, calculating that its same-store sales grew 28.9% compared to last year. MAJOR MOVERS: Among the notable gainers was Exact Sciences (EXAS), which rose 3.8% to $9.23 after the Centers for Medicare and Medicaid Services, or CMS, posted the 2016 Clinical Diagnostic Laboratory Fee Schedule. Exact Sciences announced this morning that it has requested that CMS clarify the 2016 reimbursement rate for the company's Cologuard test. Also higher were shares of KaloBios Pharmaceuticals (KBIO), which jumped 30.8% to $34.83 after its new CEO, Martin Shkreli, announced last night via his Twitter account that after speaking with his counsel and advisers that he has decided to stop lending his KaloBios shares out until he "better [understands] the advantages of doing so." Among the noteworthy losers were a number of oil and gas explorers, as Pioneer Energy Services (PES), Stone Energy (SGY) and Southwestern Energy (SWN) fell 8%, 10.2% and 7.2%, respectively, during another down day for oil prices. INDEXES: The Dow fell 14.90, or 0.08%, to 17,798.49, the Nasdaq gained 11.38, or 0.2%, to 5,127.52, and the S&P 500 added 1.24, or 0.06%, to 2,090.11.
07:45 EDTTWX, CMCSAAmazon plans to let Prime users add other online networks, Bloomberg reports
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November 25, 2015
18:50 EDTCMCSAAmazon to add other networks, channels to Prime Video, Bloomberg says
Amazon (AMZN) will soon partner with "major, well-known" movie and TV channels for its Amazon Prime Instant Video streaming service, allowing customers to add other online subscriptions to their accounts, reports Bloomberg, citing sources. Prime Instant Video will also feature videos and branding from the new partners, most of which expect some form of revenue sharing with Amazon, and the company is working to allow users to directly log in to other streaming services using their Amazon credentials. The company will also sell prepackaged bundles, said the sources, adding that the features could launch as early as next month. The publication notes that the move may help Amazon better compete with Netflix (NFLX) and Hulu, a joint venture of Disney (DIS), Comcast (CMCSA, CMCSK), and Fox (FOX, FOXA). Reference Link
09:47 EDTTAT&T management to meet with Oppenheimer
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November 24, 2015
15:40 EDTCMCSADoJ probing Comcast's activities in cable ad sales market, WSJ says
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13:16 EDTCMCSAComcast says will cooperate fully with DOJ inquiry, Bloomberg reports
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12:48 EDTCMCSAComcast role in 'spot' cable ad sales market probed by DoJ, Dow Jones says
The U.S. Justice Department is investigating whether Comcast hinders competition in cable ad sales, Dow Jones added.
11:08 EDTTAT&T management to meet with Jefferies
Meetings to be held in Atlanta/Orlando/Tampa on November 30-December 1 hosted by Jefferies.
05:51 EDTTAT&T implied volatility of 14 at lower end of index mean range
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November 23, 2015
13:34 EDTTAT&T, A+E Networks reach multi-year distribution agreement
AT&T (T) said in a statement: "AT&T and A+E Networks have signed a long-term, multi-platform distribution agreement, continuing their long-standing relationship. The new agreement delivers to AT&T terms that reflect its new scale and status as the largest pay TV provider in the world." The renewal includes a comprehensive deal that includes linear, TVE, VOD and mobility for the suite of A+E Networks' channels, among the top brands in the media landscape, including: A&E, Lifetime, HISTORY, LMN, FYI and HISTORY en Espanol. In addition, AT&T will launch VICELAND, replacing H2, as part of the A+E Networks' portfolio. A+E Networks said in a statement: "We have worked together with AT&T for many years and we are delighted that this renewal will allow us to do so well into the future. We are thrilled that AT&T's valued customers will be able to enjoy A+E Networks' award-winning portfolio of brands- including A&E, Lifetime, HISTORY, LMN, FYI and HISTORY en Espanol - across their multiple platforms, and that VICELAND's new 24-hour channel will be part of that offering." A+E Networks, LLC. is a joint venture of Disney-ABC Television Group (DIS) and Hearst Corporation.
05:58 EDTTAT&T implied volatility of 14 at lower end of index mean range
November 20, 2015
11:45 EDTCMCSA, TWXBox Office Battle: 'Hunger Games' finale expected to top box office
Lions Gate's (LGF) "The Hunger Games: Mockingjay - Part 2," the final movie based on the dystopian young adult novels, is opening this weekend at 4,175 theaters and is expecting a domestic gross in the range of $120M-$127M. Piper Jaffray analyst James Marsh said in a note to investors on November 18 that he expects the film to open domestically in the $130M range, above where it is tracking, due to limited competition and the addition of IMAX (IMAX) screens. Piper maintained its Overweight rating and $45 price target on Lions Gate shares at that time. "The Hunger Games" main competition is "Spectre" and "The Peanuts Movie," both of which are in their third weekend of release. Sony's (SNE) "Spectre," starring Daniel Craig as James Bond, is expected to earn another $15.2M-$16.8M. Fox's (FOX, FOXA) G-rated family film, starring a 3D-animated Charlie Brown, is predicted to earn an additional $12.5M-$13.2M. In other box office news, the Wall Street Journal reported that Disney's (DIS) "Star Wars: The Force Awakens," which hits theaters on December 18, has had record-breaking pre-sales. Fandango said the film has already sold more tickets than any other movie before its release, which is still four weeks away, and IMAX said the movie has "doubled" its prior pre-sales record of about $9M. Other publicly traded companies involved in filmmaking include Comcast (CMCSA, CMCSK), Time Warner (TWX), and Viacom (VIA, VIAB).
November 18, 2015
17:44 EDTTWXTCS Capital reports 10.9% stake in Central European Media, urges sale of company
In a regulatory filing reporting its position in the company, TCS Capital stated it delivered a letter on November 18 to Central European Media's (CETV) chairman and board of directors urging the hiring of a financial adviser to explore a sale of the company. In the letter, TCS expressed concern about the "poor performance" of the company's stock price, which it believes is "directly tied to Time Warner's (TWX) dominant position as both the largest debt and equity holder" of Central European.
11:33 EDTTSprint announces launch of LTE Plus network
In celebration of the launch of its new LTE Plus network, Sprint (S) is introducing the biggest wireless offer in U.S. history - 50% off the price of most Verizon (VZ), AT&T (T) and T-Mobile (TMUS) rate plans, the company says. New customers can sign up for this offer nationwide Nov. 20 through Jan. 7, 2016. LTE Plus, available today in 77 major markets, takes advantage of Sprint's rich triband spectrum portfolio, and it uses some of the world's most advanced technologies in wireless, such as carrier aggregation and antenna beamforming. Customers who switch get 50 percent off most current rate plan prices from their current carrier. AT&T, T-Mobile and Verizon customers switching to Sprint also can take advantage of iPhone Forever, where they are eligible to upgrade every time a new iPhone launches. Customers must port one line, and can add up to 9 additional lines on the account. Customers must choose from the 50 percent off rate plans available from their current carrier. Cricket and MetroPCS customers also can switch and save 50 percent off their parent company's postpaid rates. 50 percent off pricing remains valid until Jan. 8, 2018, for activations between Nov. 20, 2015, and Jan. 7, 2016.
06:16 EDTCMCSAComcast dumps YES Network, WSJ reports
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November 17, 2015
09:14 EDTTWXDolby, VUDU to release Warner Bros. titles for Dolby Vision
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09:04 EDTCMCSAComcast: Over 1M multifamily residents using Xfinity services delivered by ACN
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08:56 EDTTWXTime Warner announces proposed debt offering
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06:41 EDTCMCSANBC comedy streaming service beta starts December 3, Engadget reports
Comcast's NBC will make its comedy streaming service available as a free public beta beginning December 3, Engadget reports. Reference Link
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