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Stock Market & Financial Investment News

News Breaks
April 1, 2013
07:54 EDTVIA, VIAB, DWAViacom's G.I. Joe wins weekend with $41.2M opening, Reuters reports
The delayed "G.I. Joe" sequel from Viacom's (VIA, VIAB) Paramount Pictures beat forecasts for a domestic tally of around $38M by bringing in $41.2M in domestic ticket sales in its debut weekend, according to Reuters, citing studio estimates. The film knocked DreamWorks (DWA) "The Croods" to second place with $26.5M in North American box office in its second week, the report added. Reference Link
News For VIA;VIAB;DWA From The Last 14 Days
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July 22, 2014
06:20 EDTVIAB, VIAViacom's music group and Spotify form music streaming partnership, WSJ reports
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July 21, 2014
10:33 EDTDWADreamWorks Animation downgraded to Hold from Buy at Ascendiant
July 18, 2014
12:21 EDTVIABCable ad upfront volumes may drop 4% or more, WSJ says
Two of the U.S.'s biggest marketers, Procter & Gamble (PG) and General Motors (GM), have pulled back on their TV network advertising commitments in advance of the "upfront" selling season for cable networks, said The Wall Street Journal, citing people familiar with the matter. The overall volume of ad dollars committed to cable networks during the upfront, which is still under way, could be down 4% or more from last year, people familiar with the situation said. Notable owners of cable television stations include 21st Century Fox (FOXA), Time Warner (TWX), Disney (DIS), CBS (CBS), Comcast (CMCSA), Discovery (DISCA), Viacom (VIAB), and AMC Networks (AMCX). The report added that cutbacks partly reflect a shift of tv ad budgets to digital media, including online video. Google (GOOG) has a large presence in online video with YouTube and Facebook (FB) is taking steps to grow in the area. Reference Link
July 16, 2014
12:26 EDTVIABOn The Fly: Midday Wrap
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11:45 EDTVIAB, VIAMedia stocks rally after Time Warner rejects Fox bid
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July 15, 2014
07:34 EDTVIAViacom multiple poised to expand, says RBC Capital
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July 14, 2014
10:00 EDTDWAOn The Fly: Analyst Downgrade Summary
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09:31 EDTVIAAT&T, EPIX reach carriage agreement
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06:54 EDTDWADreamWorks Animation downgraded at B. Riley
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06:18 EDTDWADreamWorks Animation downgraded to Neutral from Buy at B. Riley
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July 13, 2014
11:23 EDTVIAB, VIAHulu and South Park announce exclusive multi-year content licensing deal
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July 9, 2014
10:02 EDTVIABOn The Fly: Analyst Initiation Summary
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July 8, 2014
18:18 EDTVIABU.S. Media sector initiated with a Neutral at Barclays
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18:09 EDTVIABViacom initiated with an Underweight at Barclays
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07:43 EDTVIA, VIABComcast growing clout in mobile ads troubling rivals, WSJ says
Executives at several of the large partners to FreeWheel, an online video advertising company acquired by Comcast (CMCSA) in April, are concerned that the cable giant is gathering too much influence over the digital-TV business that will be vital as viewing shifts from traditional sets to mobile devices and tablets, according to The Wall Street Journal. The report lists Time Warner (TWX), Viacom (VIA, VIAB) Disney (DIS) and 21st Century Fox (FOXA) as among FreeWheel's customers, but does not attribute the concerns to executives at any of them specifically. Reference Link
06:40 EDTVIA'Transformers: Age of Extinction' grosses over $220M in China, Variety reports
"Transformers: Age of Extinction," from Viacom's Paramount Pictures, grossed over $220M at the Chinese box office in the week to Sunday, July 6, Variety reports, citing data from Ent Group. The movie has broken the country's all-time theatrical record, which was previously set by "Avatar." Reference Link

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