lions gate entertainment posts
FeedPosted Mar 13th 2010 3:10PM by Steven Mallas (RSS feed)
Filed under: Microsoft (MSFT), Time Warner (TWX), Walt Disney (DIS), Electronic Arts (ERTS), Activision Inc (ATVI), Lions Gate Entertainment (LGF), World Wrestling Entertainment (WWE), Nintendo (NTDOY), Take-Two Interactive (TTWO)
We all have our watch lists. I'm no different. Here are four companies that I monitor almost every single day, and a brief opinion on each of them.
Activision Blizzard (ATVI): I sold this one back in January. Some believe I was wrong to do so. I definitely comprehend the sentiment, because really, this is the best publisher in the sector. Compared to Electronic Arts (ERTS) and Take-Two Interactive (TTWO), Activision Blizzard has an enviable pipeline. Unfortunately, the video-game industry isn't firing on all cylinders; check out the most recent monthly-sales report, and you'll see what I mean. In addition, the company's Guitar Hero franchise isn't the fad it once was. I do want to get in on the stock again, though; lately, the price seems to be perking up. I'm not ready to send in the buy order just yet. I'm waiting for further strength to materialize in the shares.
Continue reading Stocks on My Watch List: ATVI, LGF, NTDOY, WWE
Posted Feb 10th 2010 5:40PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Time Warner (TWX), Walt Disney (DIS), Viacom (VIA), Sony Corp ADR (SNE), Media World, Lions Gate Entertainment (LGF)
Lions Gate Entertainment (LGF), a content studio operating in the same industry as The Walt Disney Company (DIS), Sony Corporation (SNE), Time Warner Inc. (TWX), and Viacom, Inc. (VIA), released third-quarter results to the market on Tuesday after the bell. The numbers weren't spectacular, but there were some definite improvements.
Lions Gate lost 55 cents per diluted share in Q3. According to my earnings preview, Wall Street was hoping for a loss closer to 23 cents. On the bright side, the company lost 84 cents per share in last year's report, so at least execs stopped the red ink from getting any redder.
Continue reading Lions Gate Reduces Loss, Increases Cash Flow in Q3
Posted Feb 8th 2010 5:00PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Forecasts, Walt Disney (DIS), Media World, Lions Gate Entertainment (LGF)
I love the media sector, so Tuesday, February 9, will be an exciting day for me. After the market finishes its trading activities, we'll get reports from two entertainment companies: one's a big player in Hollywood, while the other would like to be just as big someday.
Let's start with the big gun. The Walt Disney Corporation (DIS) has first-quarter numbers all set to go, and investors are hoping for an unambiguous beat on the bottom line. The call is for net income to fall somewhere around 39 cents per share, according to Earnings.com. Kind of lousy, considering the Mouse made 41 cents per share in last year's Q1.
Continue reading Media Preview: Disney and Lions Gate to Report
Posted Jan 18th 2010 11:00AM by Steven Mallas (RSS feed)
Filed under: Time Warner (TWX), Viacom (VIA), News Corp'B' (NWS), Film, Lions Gate Entertainment (LGF)
Time Warner's (TWX) The Book of Eli did a commendable job of attempting to dethrone News Corp.'s (NWS) Avatar from the top spot. In the end, it failed. James Cameron has produced a hit that will simply not be stopped. At the time of this writing, early estimates from Box Office Mojo credited the picture with capturing another $41 million over the past weekend at domestic theaters. Avatar is closing in on $500 million, an accomplishment which makes you wonder if this is the wintertime or the summertime.
Eli came in second with $31 million. A reasonably good start for Time Warner considering the power of News Corp.'s new Titanic; word of mouth is now key to propelling the apocalyptic project into solid blockbuster status. The film reportedly has a budget of $80 million attached to it, so hopefully the worldwide gross will be stellar even if the domestic take falters.
Continue reading Time Warner's 'Eli' Not Holy Enough to Defeat News Corp.'s 'Avatar'
Posted Dec 7th 2009 8:40AM by Steven Mallas (RSS feed)
Filed under: Time Warner (TWX), Walt Disney (DIS), Film, Lions Gate Entertainment (LGF)
Shareholders of Time Warner (TWX) should be pretty happy this week. The media company's new film, The Blind Side, beat the latest Twilight picture. No, it won't make the stock go up, but I'm sure studio execs were excited by the fact that Blind Side held up well during its second weekend out in the marketplace.
According to early estimates over at Box Office Mojo, Blind Side grossed $20 million at domestic theaters while The Twilight Saga: New Moon, distributed by Summit Entertainment, made roughly $15 million. Obviously Time Warner benefited from the satiation of demand on New Moon, which has so far taken in over $250 million.
Continue reading Time Warner beats 'Twilight' while Lions Gate is on a wild ride
Posted Nov 16th 2009 8:20AM by Steven Mallas (RSS feed)
Filed under: Walt Disney (DIS), Sony Corp ADR (SNE), Film, Lions Gate Entertainment (LGF)
Last week, I discussed my disappointment with Disney's (DIS) A Christmas Carol. As a shareholder of the Mouse, I remain dissatisfied with the performance. However, this past weekend's theatrical take of the film makes me a little happier.
According to early estimates at Box Office Mojo, Carol scored about $22 million at domestic theaters, making it the second most popular film of the three-day period. Sure, it wasn't number one, but given the fact that Carol made $30 million last weekend, I'd say you have to give it some credit for avoiding a significant percentage drop. So far, it has generated more than $60 million in revenue.
Continue reading Disney's 'A Christmas Carol' didn't die off in second weekend
Posted Nov 10th 2009 9:30AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, General Electric (GE), Walt Disney (DIS), Film, Lions Gate Entertainment (LGF)
When I discussed Lions Gate Entertainment's (LGF) first-quarter results, I noted the disappointing statement of cash flows. Unfortunately, the company didn't do much better in the second quarter. For the six-month period, Lions Gate used over $160 million for operations compared to the roughly $40 million used in the similar frame one year ago.
Of course, cash flow doesn't always get the most coverage. Investors tend to get more excited by a swing to profitability. On that count, Lions Gate scored admirably, earning 26 cents per diluted share versus losing 44 cents per diluted share twelve months prior. Earnings.com indicates that analysts were really underestimating the Q2 income potential here: the call was for 6 cents per share.
Continue reading Lions Gate Entertainment: Still waiting for cash flow
Posted Oct 26th 2009 8:30AM by Steven Mallas (RSS feed)
Filed under: General Electric (GE), Time Warner (TWX), Walt Disney (DIS), Viacom (VIA), Film, Lions Gate Entertainment (LGF)
I don't believe it. I never thought it could happen. Lions Gate Entertainment (NYSE: LGF) released Saw VI this past weekend. Surely the latest cinematic celebration of cruelty would be the number-one picture at domestic theaters, right? Saw is a big brand when it comes to torture movies. Jigsaw is a Freddy Krueger (and beyond) for the new generation. The teens would be out in full force to support all the latest traps and sequences of dismemberment and bloodletting for sure.
Well, Saw VI didn't come out on top. Instead, Viacom's (NYSE: VIA) Paranormal Activity made the most money in the race for domination at the multiplex, scoring approximately $22 million according to early estimates from Box Office Mojo. The new Saw did come in second, though, so that was at least some consolation, correct?
Continue reading Viacom's 'Paranormal Activity' plays Jigsaw's game -- and wins
Posted Oct 19th 2009 8:20AM by Steven Mallas (RSS feed)
Filed under: General Electric (GE), Time Warner (TWX), Viacom (VIA), Film, Lions Gate Entertainment (LGF)
Time Warner's (NYSE: TWX) Where the Wild Things Are was number one over the past weekend at domestic theaters as of early estimates from Box Office Mojo. The film grossed well over $30 million. Coming in second was Law Abiding Citizen. If Wild Things wasn't in the market this weekend, that one definitely would have been tops at the multiplex. The revenge fest, from Liberty Capital Group's (NASDAQ: LCAPA) Overture Films, brought in $21 million.
Right on the heels of that project is the very cheaply made Paranormal Activity, courtesy of Viacom (NYSE: VIA). It made about $20 million. So far, Activity has generated over $30 million in total. And they say the little horror extravaganza cost less than $20,000 to produce!
Continue reading Viacom's 'Paranormal Activity' continues to wow Hollywood
Posted Sep 7th 2009 10:00AM by Steven Mallas (RSS feed)
Filed under: Time Warner (TWX), Walt Disney (DIS), Sony Corp ADR (SNE), News Corp'B' (NWS), Film, , Lions Gate Entertainment (LGF)
Time Warner (NYSE: TWX) was tops at the multiplex yet again with a scary horror franchise that the teens seem to be enjoying. The Final Destination, according to Boxofficemojo, grossed $12 million at domestic theaters over the three-day weekend, as of early estimates available at the time of this writing. I'm sure Destination will retain its number-one status once Labor Day is figured into the equation.
All About Steve, from News Corp. (NASDAQ: NWS), was the second-place film. It actually came close to Destination's take, bringing in about $11 million. Inglourious Basterds, distributed by The Weinstein Company, was third, and Gamer, an interesting sci-fi flick courtesy of Lionsgate (NYSE: LGF), was fourth. Sony's (NYSE: SNE) District 9, which came in fifth, has now gone beyond $100 million in total take.
Continue reading Time Warner and Death rule box office again
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