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Stock Market & Financial Investment News

News Breaks
May 16, 2014
11:47 EDTCMCSA, WWEWWE slammed after TV deal fails to impress investors
Shares of WWE (WWE), which organizes professional wrestling matches, are tumbling after the company signed a new TV deal with NBC that will reportedly pay it much less than it had expected. WHAT'S NEW: WWE announced that it had agreed to a multi-year renewal of its TV licensing deal with Comcast's (CMCSA) NBC. WWE did not directly disclose the value of its deal with NBC, but estimated that the average annual value of its key TV deals in the U.S., U.K., Thailand, and India would reach about $200M annually, representing an increase of more than $90M. In a note to investors earlier today, Benchmark analyst Mike Hickey estimated that WWE's fees from NBC would increase around 50%. WWW had previously estimated that the fees from NBC would double or triple, the analyst stated. He downgraded the stock to Hold from Buy and slashed his price target on the name to $19.96 from $29.12. WHAT'S NOTABLE: WWE estimated that its operating income before interest, depreciation and amortization could double or triple from 2012 levels by 2015, reaching $125M-$190M. PRICE ACTION: In late morning trading, World Wrestling sank $8.30, or 42%, to $11.65.
News For WWE;CMCSA From The Last 14 Days
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August 31, 2015
08:44 EDTCMCSANetflix confirms that it will not renew agreement with Epix
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05:37 EDTCMCSAHulu, Epix announce extensive multi-year agreement
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August 30, 2015
18:51 EDTCMCSANetflix to lose access to certain high profile movies, Re/code says
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17:13 EDTCMCSA'Compton' leads again as 'We Are Your Friends' stumbles at box office
Hip hop biopic "Straight Outta Compton" continued its domestic box office dominance while Christian drama "War Room" outpaced analyst estimates and electronic dance flick "We Are Your Friends" fizzled. U.S. WEEKEND LEADER: Comcast (CMCSA, CMCSK) subsidiary Universal's "Straight Outta Compton" grossed $13.2M domestically for the weekend of August 30, securing the top box office spot for a third consecutive week. In a record-breaking performance for musical biopics, the gangster rap film has earned $134.1M in the U.S. since opening earlier this month. Though Warner Bros.' (TWX) "We Are Your Friends" was predicted to challenge "Compton" with sales ranging $8M-$10M, the Zac Efron-led electronic music film flopped at just $1.8M. BOX OFFICE RUNNERS-UP: Produced with an estimated budget of $3M, Sony's (SNE) faith-based drama "War Room" debuted at $11M against expectations for $5M-$8.5M after leading in advance ticket sales. Viacom (VIA, VIAB) subsidiary Paramount's "Mission: Impossible Rogue Nation" relinquished its grip on second place with an $8.3M gross for the weekend, while Weinstein Company's action thriller "No Escape" opened in fourth place at $8.29M. "Sinister 2" from Comcast subsidiary Focus Features rounded out this weekend's Top 5 at $4.7M.
August 28, 2015
10:43 EDTCMCSAFly Watch: 'Straight Outta Compton' expected to lead box office for third week
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August 27, 2015
06:40 EDTCMCSANielsen to start tracking for online streaming shows, WSJ reports
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August 26, 2015
10:01 EDTCMCSAComcast Cable accepting proposals for two Hispanic-American owned networks
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August 25, 2015
19:16 EDTCMCSATV service Hulu to feature programmatic ads powered by Facebook, Oracle
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13:59 EDTCMCSAHouzz acquires GardenWeb from NBCUniversal
Houzz, a start-up that operates a platform for home remodeling and design, announced on its corporate blog that it has completed the acquisition of the GardenWeb home and gardening community from Comcast's NBCUniversal. Reference Link
08:33 EDTCMCSAComcast expands advanced fiber network to Meyers Business Park
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07:07 EDTCMCSAComcast to increase speeds for Xfinity Twin Cities area customers
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August 23, 2015
16:22 EDTCMCSA'Straight Outta Compton' finds little contention for No. 1 box office spot
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August 21, 2015
13:11 EDTCMCSAFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
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August 20, 2015
06:10 EDTCMCSAWeather Channel said to hire banks to explore sale, Bloomberg reports
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August 19, 2015
10:20 EDTCMCSABig telecom firms put M&A on hold, CTFN reports
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10:00 EDTCMCSAOn The Fly: Analyst Upgrade Summary
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09:13 EDTCMCSAComcast upgraded to Buy from Neutral at MoffettNathanson
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August 18, 2015
16:49 EDTCMCSAOn The Fly: Top stock stories for Tuesday
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10:17 EDTCMCSADisney downgraded as Wells moves away from content providers
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08:04 EDTCMCSABuzzFeed says NBCUniversal to make $200M equity investment in company
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