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March 7, 2014
07:28 EDTTWX, FOXA, DWA'300' sequel seen topping 'Peabody & Sherman' in box office debuts, LAT says
"300: Rise of an Empire," which was co-financed and co-produced by Warner Bros. (TWX) and Legendary Pictures, is expected to gross about $45M in ticket sales in the U.S. and Canada in its debut this weekend, according to The Los Angeles Times, citing people who have seen pre-release audience surveys. "Mr. Peabody & Sherman," which was produced by Dreamworks Animation (DWA) and is getting distribution from 20th Century Fox (FOXA), could gross about $30M, the report said. Reference Link
News For TWX;DWA;FOXA From The Last 14 Days
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January 23, 2015
09:21 EDTDWAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Infinera (INFN), up 13.2%... E-Trade (ETFC), up 5.6%... Starbucks (SBUX), up 5%... ResMed (RMD), up 3.2%. ALSO HIGHER: IVUS (VVUS), up 6.2% after being initiated with an Outperform at RBC Capital... Vitae Pharmaceuticals (VTAE), up 12.3% after 3M share Secondary priced at $11.90... lululemon (LULU), up 3.5% after being upgraded to Overweight from Neutral at JPMorgan. DOWN AFTER EARNINGS: Kimberly Clark (KMB), down 4.6%... Bank of New York Mellon (BK), down 2.1%... Altera (ALTR), down 4.4%... Kansas City Southern (KSU), down 3.3%... McDonald's (MCD), down fractionally. ALSO LOWER: LeapFrog (LF), down 32.8% after reporting preliminary third quarter results and withdrawing fiscal 2015 guidance... Molycorp (MCP), down 10.7% after being downgraded to Neutral from Buy at DA Davidson... Dreamworks (DWA), down 12% after announcing that it will cut 500 jobs, reduce films released per year, and seeing a $55M charge for 'The Penguins of Madagascar' and 'Mr. Peabody and Sherman'... Otonomy (OTIC), down 1.8% after secondary increased to 2.55M shares, priced at $29.25.
06:41 EDTDWADreamWorks Animation downgraded to Underperform from Market Perform at Cowen
Note that Janney Capital downgraded and Piper Jaffray upgraded Dreamworks this morning following last night's restructuring announcement.
06:35 EDTDWADreamWorks Animation downgraded to Sell from Neutral at Janney Capital
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05:33 EDTDWADreamWorks Animation upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray upgraded DreamWorks Animation to Overweight citing the company's restructuring and its belief future write-downs are unlikely. Piper believes DreamWorks has "finally" gotten film production costs under control and raised its price target for shares to $26 from $22. Shares of the movie maker closed yesterday up 63c to $21.31.
January 22, 2015
16:26 EDTDWADreamWorks Animation sees $55M charge for Penguins, Mr. Peabody
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16:23 EDTDWADreamWorks Animation announces departure of COO Mark Zoradi
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16:23 EDTDWADreamWorks Animation COO Mark Zoradi leaving company
In connection with the 2015 Restructuring Plan, the company also announced that Lewis Coleman, the company’s Vice Chairman, and Mark Zoradi, the company’s COO, would be leaving the company. The company currently anticipates that Mr. Zoradi will leave the company during the quarter ending March 31, 2015 and Mr. Coleman will retire from the company on or about January 30, 2015. On January 19, 2015, Mr. Coleman resigned from the company’s Board of Directors effective immediately.
16:19 EDTDWADreamWorks Animation reduces films per year to two, cuts 500 jobs
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15:29 EDTTWXTime Warner names Mitchell Klaif as Chief Information Officer
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14:00 EDTFOXA21st Century Fox initiated with a Hold at Societe Generale
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January 21, 2015
07:34 EDTTWXNetflix CEO sees room for competition in video streaming market, CNet says
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06:17 EDTFOXA, TWXOverstock to introduce streaming-video service later this year, WSJ reports (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
17:46 EDTTWXNetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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14:06 EDTTWXCitizens, Keysight identified as long positions by Einhorn
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13:24 EDTTWXGreenlight has new long positions in Citizens, Time Warner, Bloomberg says
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07:35 EDTTWXTime Warner downgraded at Morgan Stanley
As previously reported, Morgan Stanley downgraded Time Warner to Equal Weight from Overweight. The firm downgraded shares based on balanced risk/reward, and downside risk from affiliate fee growth and TV advertising. Price target lowered to $85 from $90.
07:25 EDTFOXAViacom buys 50% stake in five Indian TV channels, WSJ says
Viacom (VIA, VIAB) is completing a deal with India's Reliance Industries giving it 50% ownership of five Indian TV channels for an undisclosed sum, reports the Wall Street Journal. Competitors including Discovery Communications (DISCA), 21st Century Fox (FOX, FOXA), and AMC Networks (AMCX) are similarly looking towards foreign investment as U.S. consumers move away from traditional cable packages. PricewaterhouseCoopers predicts 16% annual growth in Indian TV revenue over the next five years. Reference Link
06:29 EDTTWXTime Warner downgraded to Equal Weight from Overweight at Morgan Stanley
06:06 EDTFOXA, DWADreamWorks planning to lay off 'substantial' number of staff, LA Times reports
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January 18, 2015
16:46 EDTTWX, FOXAWarner Bros.' 'American Sniper' takes top spot with $90.2M at box office
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