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Stock Market & Financial Investment News

News Breaks
April 16, 2014
06:58 EDTSNE, TWXFormer Sony chairman to take place on Time Inc's board, NY Post says
Time Inc (TWX) is expected to announce its board of directors as soon as next week, when Time Warner files an amended Form 10 ahead of spinning off the publishing unit June 30, the New York Post reports. Former Sony (SNE) Chairman Howard Stringer has agreed to take a position on Time Incís board, according to a source. Reference Link
News For TWX;SNE From The Last 14 Days
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March 4, 2015
07:21 EDTTWXMorgan Stanley to hold a conference
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06:13 EDTSNESony says PS4 sales surpass 20.2M units worldwide
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06:02 EDTSNESony expected to launch PS4 virtual reality headset in 1H16, Engadget reports
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March 3, 2015
12:36 EDTSNE, TWXHBO GO to debut on PlayStation 4 today
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05:54 EDTSNESamsung, Sony and LG to purchase 42% of TV panel supply in 2015, DigiTimes says
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March 2, 2015
12:40 EDTTWXTime Warner's 'Focus' takes top box office spot with $19.1M, CBS News says
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07:44 EDTSNESony mobile president seeking profitability first, WSJ reports
In an interview with the Wall Street Journal, president of Sony Mobile Communications Hiroki Totoki stated he recognizes the company "should become a meaningful source of profit to the group... The business canít be justified if the profit margin is low." Totoki wants to stay in the mobile business for the next cycle of innovation, saying that "we wonít tie ourselves only to smartphones or even hardware" and adding that the unit is "open to tie-ups with thirds parties." Totoki also sees potential for the brand in India. Reference Link
06:31 EDTSNEJAKKS Pacific announces licensing, master toy agreement for Smurfs franchise
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06:18 EDTSNESony to test latest wearables in B-to-B market, WSJ reports
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February 27, 2015
08:59 EDTSNESony fires Sony Pictures Digital president, Variety says
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February 26, 2015
10:15 EDTTWXTime Warner calls active on speculation of a large investor stake
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10:01 EDTTWXRumor: Time Warner active on speculation of a large investor stake
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February 25, 2015
11:47 EDTTWXAnalysts clash on DreamWorks following Q4 miss
The shares of animated film and television show maker DreamWorks (DWA) are rising, despite the weaker than expected results reported by the company last night. Two analysts offered very different views on the company's outlook following its results. BACKGROUND: DreamWorks last night reported a fourth quarter per share loss of ($3.08), versus analysts' consensus outlook for a ($3.01) per share loss. The company's revenue also came in below expectations. Excluding $210M in pre-tax charges associated with DreamWorks' restructuring plan, its loss was (75c) per share, the company stated. BEARISH TAKE: In a note to investors today, FBR Capital analyst Barton Crockett wrote that DreamWorks' results were "ugly," as they included $155M of write-offs on films and TV shows. However, Crockett believes that the crucial factor for the company's outlook is whether it can consistently compete with the entertainment giants, including Disney (DIS), Viacom (VIA), and Time Warner (TWX). Crockett is not convinced that DreamWorks will be able to hold its own, and he believes that its 2015 results could come in below expectations. The analyst warned that the company may have difficulty meeting its 2015 consumer products revenue guidance. DreamWorks expects its consumer products revenue to double this year, but the movie-based toy space is "very competitive" in 2015, as toys based on multiple popular children's films are set to be released, Crockett stated. Moreover, after conducting checks online, Crockett reports that there does not seem to be a great deal of interest in DreamWorks' movie "Home," which is set to be released on March 27. He kept an Underperform rating on the shares and raised his price target on the stock to $14 from $12. BULLISH TAKE: DreamWorks' results were mixed, but the results are not very important, Piper Jaffray analyst James Marsh stated. The company's guidance for its TV and consumer products businesses were solid, the analyst believes. Moreover, the company "took specific and decisive action" to avert a liquidity crunch, Marsh wrote. Specifically, DreamWorks raised $185M of capital by selling its real estate in Glendale, California and then leasing it back, and increased the size of its current credit facility to $450M from $400M, Marsh reported. The moves should "largely" eliminate investors' worries about the company's liquidity position, Marsh stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: On DreamWorks' earnings conference call last night, the company's CEO Jeffrey Katzenberg stated that it did not obtain more than 10% of its revenue from Netflix (NFLX) last year. However, in an SEC filing earlier this morning, DreamWorks clarified that it had obtained 14.9% of its revenue from Netflix last year. PRICE ACTION: In late morning trading, DreamWorks rose 5.6% to $22.31.
08:45 EDTSNEEros International announces content partnership with Sony Television
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February 24, 2015
13:01 EDTSNETom Rothman to replace Amy Pascal at Sony Pictures, FT reports
Former Fox Filmed Entertainment (FOXA) co-Chairman Tom Rothman will replace Amy Pascal as co-chairman of Sony Pictures (SNE), The Financial Times reports. Sony Entertainment CEO Michael Lynton has extended his contract, the publication notes. Rothman has run Sony's TriStar label since 2013. Reference Link
06:10 EDTTWXSalem Media Group, CNN to team up for three GOP presidential primary debates
February 23, 2015
11:35 EDTTWXAmazon picks Benson to head advertising for original TV series, Variety says
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07:38 EDTTWXComcast, AT&T deals could be delayed by document access case, WSJ says
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07:27 EDTSNESony breach underscored failings in corporate, government cooperation, WSJ says
A Wall Street Journal review of the hack attack on Sony Entertainment shows that the companies and government agencies fighting the hackers based some decisions on little information or consultation since the parties often held too closely to their own interests, illustrating major shortcomings in how the government and companies work together to respond to such attacks. The Journal cites interviews with executives, U.S. officials and people briefed on their conversations in its report. Reference Link
February 20, 2015
06:11 EDTSNESony may be contemplating replacing CEO Hirai with CFO Yoshida, NY Post says
Sony may be considering replacing CEO Kaz Hirai with current CFO Kenichiro Yoshida, reports the New York Post, citing several Hollywood sources. Yoshida has received heavy media praise for his restructuring efforts and is currently set to add the title of executive deputy president in April. The article emphasizes that this is speculation among Hollywood figures. Reference Link
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