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January 10, 2013
18:02 EDTTWXWarner Bros. wins legal fight over Superman, WSJ says
A federal appeals court ruled against the heirs of comic-book artists behind Superman who maintained that Warner Bros. Pictures, a Time Warner (TWX) unit, had no valid deal to make new Superman movies says the Wall Street Journal, adding that this could have been a problem for the studio with its latest Superman film, "Man of Steel," to be released this summer. Reference Link
News For TWX From The Last 14 Days
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December 1, 2015
14:51 EDTTWXAugmented reality to overtake smartphones in 10 years, Citi says
Virtual reality devices and similar "augmented reality" gadgets could become the new smartphone in just one decade, Citi researcher Kota Ezawa argued Tuesday, building on a growing volume of analyst opinions on the promising new technologies. CONSUMER ELECTRONICS SHIFT: Virtual reality and augmented reality devices will eventually generate "major new markets that replace the smartphone" in a process of "destructive creation," Citi analyst Kota Ezawa and his team contended in a research note. Current virtual reality gadgets involve large headset "goggles" aiming to completely immerse a user in a virtual space, while augmented reality technology seeks to overlay or superimpose images and data over objects in the real world. AR, seemingly the more portable and compact of the two approaches, allows users to move, work, and perform everyday tasks while still making use of the tech. Though VR goggles offer greater immersion, AR devices seem to be the more obvious bridge between smartphones and truly wearable computers, leading Ezawa to forecast the AR market ultimately becoming larger than VR. That said, the mobility of AR also creates greater technical hurdles, as the need to embed processors and batteries within the wireless headset while still displaying high-quality, convincing imagery means the technology has a longer development horizon than VR, which can offload much of its processing requirements to a stationary computer or game console. Early versions of AR are expected to appear in 2016-2017, according to Ezawa, though full-featured systems are unlikely to be available before 2019-2022. Both technologies have numerous applications, said the analyst, with early content being primarily games and movies before expanded offerings involving theme parks, live events, remote medicine, job tasks, and, notably, significant e-commerce and mobile commerce applications. With the VR/AR market "set to ramp up" from 2016, Ezawa sees the space reaching $674B in 2025 as the average price of headsets declines to $227 by the mid-2020s. The analyst's main recommendation in the space is Sony (SNE), whose Playstation VR headset is scheduled for a 1H16 launch. Other key names in headset development include Facebook's (FB) Oculus virtual reality subsidiary and Samsung (SSNLF). Note also Microsoft's (MSFT) Hololens and Google's (GOOG) Project Glass. Meanwhile, LG Display (LPL) and Analog Devices (ADI) are among hardware names with exposure to VR/AR, while Live Nation (LYV), Disney (DIS), Time Warner (TWX), Fox (FOXA), SAP (SAP) and Salesforce (CRM) are among software and service providers that may benefit. PRICE ACTION: Sony shares trading in New York have advanced roughly 1.4% to $26.29 in afternoon trading.
November 30, 2015
06:24 EDTTWXNetworks aiming to protect TV rights amid streaming battle, WSJ says
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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 EDTTWXAmazon plans to let Prime users add other online networks, Bloomberg reports
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November 20, 2015
11:45 EDTTWXBox 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.

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