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Stock Market & Financial Investment News

News Breaks
April 1, 2013
07:54 EDTVIA, DWA, VIABViacom'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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March 31, 2015
10:35 EDTVIAB, VIACorus secures programming rights to Nickelodeon content in Canada
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March 30, 2015
10:37 EDTDWADreamWorks jumps after 'Home' beats expectations in opening weekend
The shares of film maker DreamWorks (DWA) are climbing sharply after the company's animated movie "Home" generated significantly more revenue than expected in its opening weekend in the U.S. WHAT'S NEW: "Home" took in $54M of revenue at the domestic box office this weekend. The $54M take was well above boxoffice.com's estimate of $31M ahead of the weekend. WHAT'S NOTABLE: In a note to investors earlier today, Piper Jaffray analyst James Marsh wrote that the movie had outperformed Wall Street expectations and may enable the company to launch a new multi-film franchise. The overall performance of "Home" will probably exceed expectations and the film is likely to generate $30M-$50M of profits for DreamWorks, Marsh predicted. More importantly, the film's success contradicts the bears' argument that the company has lost its ability to make good films and may ease concerns about the film maker's balance sheet, according to the analyst. He kept a $26 price target and Overweight rating on the shares. REASONS FOR SUCCESS: Writing yesterday that the movie "looks like a smash hit," Forbes columnist Scott Mendelson attributed the film's success both to its very famous cast, which included Rihanna, Jim Parsons and Steve Martin, and the uniqueness of choosing a young black female as the star of an animated move. According to Marsh, more targeted social media marketing and the strong marketing capabilities of Rihanna and Jennifer Lopez, who also played a character in the film, were the keys to the movie's initial success. BEARISH TAKE: Not everyone was optimistic about the overall outlook for "Home," as research firm B. Riley still believes there is a 75% chance that DreamWorks will have to take a write-off on the movie. That firm kept a Neutral rating on the stock. PRICE ACTION: In early trading, DreamWorks jumped 8.5% to $24.60.
08:44 EDTDWADreamWorks valuation still not supported by movies, says FBR Capital
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08:28 EDTVIATrevor Noah likely to replace Jon Stewart on 'Daily Show,' Deadline says
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05:58 EDTDWADreamWorks write-off risk still 75% despite strong opening, says B. Riley
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05:49 EDTDWADreamWorks to build franchise around 'Home,' says Piper Jaffray
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March 29, 2015
19:57 EDTDWADreamWorks' 'Home' leads at weekend box office with $54M
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March 27, 2015
14:29 EDTDWAFly Watch: DreamWorks' lone 2015 feature opens this weekend
DreamWorks' (DWA) sole feature film slated for release in 2015, "Home," is set to debut this weekend. The animated movie, narrated by Jim Parsons, Rihanna and Steve Martin, details an alien race's search for a new home planet. "Home" is expected to take in $31M during its opening weekend, according to Boxoffice.com. ANALYST VIEW: The film should do well enough at the box office to avoid a significant write-down, Piper Jaffray analyst James Marsh wrote earlier this week in a note titled "'Home' Need Not Be a Home Run, Just Not A Whiff." Earlier this year DreamWorks took a $57M write-down on "Penguins of Madagascar," and it took a $13.5M write-down on its "Turbo" film in 2014. Last weekend, "Home" was released in a number of small foreign markets, and the results in the U.K. were favorable, as it generated the most revenue among films opening in Britain, Marsh reported. The analyst had an upbeat take on the quality of the movie, saying that its characters are likable and that it was enjoyable overall, although it "was a bit sappy." Estimating that "Home" will generate $350M in global sales, or slightly more than consensus expectations, Marsh wrote that the movie should be a significant positive catalyst for the stock. The film's performance should be sufficient to shift investors' focus to DreamWorks' upcoming positive catalysts that are more likely to boost the stock, including its improved 2016 film slate, its enhanced consumer products business, and its increasingly strong TV business, the analyst stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: Research firm B. Riley was less optimistic about the outlook for "Home" earlier this month. In a note to investors on March 13, B. Riley downgraded the stock to Neutral from Buy, based on valuation and its belief that the company may have to take a write-down on "Home." The firm kept a $24 price target on the shares. PRICE ACTION: Shares of DreamWorks are up 4c to $22.06 in Friday afternoon trading.
11:21 EDTDWADreamWorks Animation volatility low into 'Home' opening
DreamWorks Animation April weekly call option implied volatility is at 45, April is at 42, May is at 52, June is at 44; compared to its 26-week average of 49 according to Track Data, suggesting decreasing price movement into 'Home' opening.
March 26, 2015
07:01 EDTVIASpike TV to enter U.K. homes on April 15
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March 25, 2015
17:58 EDTVIA, VIABKarisma, Viacom to develop Nickelodeon hotels
Karisma Hotels & Resorts and Viacom International Media Networks, a division of Viacom (VIAB,VIA), are pleased to announce the signing of a landmark agreement to develop Nickelodeon Hotels. A Gourmet Inclusive collection of luxurious family-friendly properties, Nickelodeon Hotels will represent the first and only international hotels for Nickelodeon, one of the most globally recognized and widely distributed multimedia brands for kids. The milestone deal includes plans to debut Nickelodeon Hotels with the opening of Nickelodeon Punta Cana in the Dominican Republic in late 2016. A second Nickelodeon Hotel will open in Mexico shortly thereafter. Karisma Hotels & Resorts is an award-winning luxury hotel collection, which owns and manages properties in Latin America, the Caribbean and Europe.
05:37 EDTDWADreamWorks film expected to be material positive catalyst at Piper Jaffray
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March 24, 2015
08:42 EDTDWADreamWorks 'Home' opens to $19.2M in international markets, NY Post says
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March 23, 2015
12:04 EDTVIA, VIABAzul Hotels by Karisma introduces Nickelodeon Experience
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March 18, 2015
12:09 EDTVIASony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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09:23 EDTVIAB, VIA, DWAVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
06:31 EDTVIADiscovery, Viacom in talks to be on Apple TV service, WSJ reports
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