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Stock Market & Financial Investment News

News Breaks
February 10, 2014
07:33 EDTTWX'The Lego Movie' wins the weekend, WSJ reports
Time Warner's "The Lego Movie," helped by positive reviews and the appeal of Legos, opened to a strong estimated weekend gross of $69.1M domestically, reports the Wall Street Journal. Reference Link
News For TWX From The Last 14 Days
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April 1, 2015
14:18 EDTTWXDISH to bring HBO to Sling TV
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March 30, 2015
07:57 EDTTWXRedbox signs agreement with Warner Bros through March 2017
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March 29, 2015
19:57 EDTTWXDreamWorks' 'Home' leads at weekend box office with $54M
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March 27, 2015
07:35 EDTTWXTime Warner may add TBS, TNT to HBO Now, Bloomberg says
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March 26, 2015
13:19 EDTTWXHBO forms content partnership with Vice, CNBC reports
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March 24, 2015
10:35 EDTTWXNetflix seen by Cantor as 'clear winner' as TV unbundles
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March 22, 2015
18:46 EDTTWXLionsgate's 'The Insurgent' takes top spot at box office with $54M
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March 20, 2015
12:45 EDTTWXAnalyst says Apple deserves higher multiple ahead of TV streaming foray
Given Apple's (AAPL) reported foray into streaming TV, the stock's multiple should be higher, Morgan Stanley analyst Katy Huberty wrote in a note to investors today. WHAT'S NEW: Media reports about Apple's new streaming TV service support Morgan Stanley's thesis that the stock should trade at a multiple of 18x-19x, Morgan Stanley analyst Kate Huberty wrote in a note to investors today. Companies with content platforms trade at that level, on average, the analyst noted. Apple's stock is currently trading slightly below 15 times consensus 2015 profit estimates for the company. Noting that Apple has already announced a new online streaming deal with Time Warner's (TWX) HBO, and the New York Post reported that the tech giant is willing to share some viewership data with content owners, Huberty thinks that an Apple TV service seems to be more likely now than in past years. The analyst reiterated her belief, expressed in a previous note, that Apple should be compared to other companies that provide content platforms. Like other platform companies, Apple charges premium prices, its products are used every day by consumers, it has recurring revenue ,and it has the opportunity to expand its total market, the analyst stated. According to Huberty, TV is an $800B market, and the TV streaming market may be ready for prime time, as 20% of pay TV customers plan to cut the cord in the next year, a Morgan Stanley survey showed. The analyst kept a $160 price target and Overweight rating on the shares. WHAT'S NOTABLE: Taking a less favorable view of Apple on March 18 was research firm Jefferies, which predicted that the growth of the company's iPhones would decelerate further next quarter. The firm predicted that strong iPhone sales in China would propel the tech giants profit for the current quarter more than 10% above expectations, but it kept a Hold rating on the shares. PRICE ACTION: In early afternoon trading, Apple was fractionally higher near $128 per share.
06:36 EDTTWXWeb TV companies ask internet providers for special treatment, WSJ says
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March 19, 2015
06:55 EDTTWXCertain news agencies form advertising alliance to rival Google, others, BI says
The Guardian, CNN International, The Financial Times , Reuters (TRI) and The Economist are forming an advertising alliance, called Pangaea, in hopes of rivaling Google (GOOG), Facebook (FB), Twitter (TWTR), and LinkedIn (LNKD), reports Business Insider UK. The Financial Times is owned by Pearson (PSO), The Economist Group is 50% owned by Pearson via The Financial Times, and CNN is owned by Time Warner (TWX). Reference Link

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