Clippers Sale In The Rearview, Expenses Return As MSG's Greatest Concern
Troy Bayer • 16 Comments
Troy Bayer • 16 Comments
Knicks Struggles Will Continue To Hinder MSG Growth
Troy Bayer • 22 Comments
Troy Bayer • 22 Comments
Feb. 5, 2015, 5:30 PM
Jan. 26, 2015, 9:20 AM
- Madison Square Garden (NASDAQ:MSG) will report FQ2 results on Feb. 6.
- The conference call is scheduled to begin at 10.00 a.m. ET.
- Consensus view is EPS of $0.73 on revenues of $523.55M.
Jan. 15, 2015, 12:40 PM
- Barry Diller says there's no stretch left on pay-TV pricing as he dissects the influence of Amazon Prime (NASDAQ:AMZN) in the industry.
- He warns on the Prime model where adding subscribers for the company dwarfs concerns on viewership and advertising.
- By the sound of it, Diller isn't recommended staying long cable stocks (CMCSA, TWC, CHTR, CVC) or positive on programmers (SNI, CBS, AMCX, FOXA, VIA, VIAB, MSG, DIS) set to renegotiate carriage deals.
- CNBC interview (video)
- Previously: Woody Allen to direct series for Amazon Studios (Jan. 13)
- Previously: Amazon added over 10M new Prime users during holiday season (Dec. 26, 2014)
Dec. 31, 2014, 8:42 AM
- Streaming: Sony (NYSE:SNE), HBO (NYSE:TWX), CBS (NYSE:CBS), and Dish Networks (NASDAQ:DISH) are set to unveil streaming products in 2015. The theory of the companies that the skinny bundles will draw in more cord-cutters and cord-nevers than they will cannibalize current pay-TV subscribers will be put to the test. The rush of streaming options could help or hurt Netflix (NASDAQ:NFLX) depending upon which analysis an investor leans on.
- Theater traffic rebound: Exhibitors (CNK, RGC, AMC, CKEC, IMAX) and movie studios (LGF, VIA, VIAB, DIS, FOXA, CMCSA, TWX) maintain that the decline in theater attendance in 2014 (-6%) was due to a slate of films light on blockbusters. A bounce is forecast for 2015 with high-profile films such as Avengers: The Age of Ultron, The Hunger Games: Mockingjay Part 2, Fifty Shades of Grey, Jurassic World, Spectre (James Bond), and Mission Impossible 5 all set to premiere - along with the reboot of the Star Wars franchise in December. Capex spending on theater upgrades could also help boost in-theater spending and average ticket price for exhibitors.
- Mergers: If regulators allow the Comcast-Time Warner Cable (NYSE:TWC) and AT&T-DirecTV (NASDAQ:DTV) mergers to sail through it could clear a path for other media combinations, note analysts. Potential buyers include Alibaba (NYSE:BABA), Wanda Group, Softbank (OTCPK:SFTBY), and a TWX-rebuffed 21st Century Fox (NASDAQ:FOXA). Content producers which could be targets include Starz (NASDAQ:STRZA), Lions Gate (NYSE:LGF), DreamWorks Animation (NASDAQ:DWA), AMC Networks (NASDAQ:AMCX), and Scripps Networks (NYSE:SNI). A split-up Madison Square Garden (NASDAQ:MSG) could also be enticing.
Dec. 19, 2014, 8:18 AM
- Madison Square Garden (NASDAQ:MSG) could be split in three, according to the company's SEC filing yesterday.
- The strategy has been pushed hard by activist investors, including JAT Capital Management.
- Analysts think shareholder value will be increased as the split brings a M&A premium into the mix on the media business.
- Potential MSG split: Sports (Knicks, Rangers), Entertainment (concerts, theater), Media (pay-TV subscriptions, regional networks, Fuse).
Dec. 18, 2014, 5:39 PM
Dec. 18, 2014, 4:34 PM
Oct. 31, 2014, 8:01 AM
- Madison Square Garden (NASDAQ:MSG) reports revenue in its MSG Media segment fell 14% Y/Y to $142.7M in FQ1 on lower affiliate fee sales.
- Revenue for MSG Entertainment +128% to $65.2M on a boost from hosting more high-profile events.
- MSG Sports saw a 40% gain in sales to $53.5M.
- The company approved a new buyback allowance of $500M.
- What to watch: Expect analysts to press execs with Madison Square Garden during the upcoming conference call on reports the company plans to split into two.
- Earnings call webcast
- MSG +3.3% premarket
Oct. 31, 2014, 7:37 AM
- Madison Square Garden (NASDAQ:MSG): FQ1 EPS of $1.38 may not be comparable to consensus of $0.32.
- Revenue of $241.74M (+12.1% Y/Y) beats by $17.52M.
- Shares +3.27% PM.
Oct. 30, 2014, 5:30 PM
Oct. 28, 2014, 9:13 AM
Oct. 28, 2014, 7:07 AM
- Shares of Madison Square Garden (NASDAQ:MSG) soar after a Bloomberg report indicates the company is considering splitting into two.
- Analyst commentary is positive on the plan to separate the sports/media business from MSG's real estate holdings.
- ISI Group is quick to upgrade the stock to a Buy rating from Hold with a new price target of $74.
- MSG +16.6% premarket.
Oct. 27, 2014, 7:11 PM| Oct. 27, 2014, 7:11 PM | 1 Comment
Sep. 30, 2014, 8:07 AM
- Cowen Research says the trend of sluggish TV ratings has continued through Q3.
- The investment firm estimates broadcast viewers in the key 18-49 year old demographic fell 8% Y/Y (ex. Thursday night football) last week on a live+3 reading.
- There's growing concern in the sector that more advertising dollars will float to digital channels due to the ratings slump.
- Related stocks: CBS, CMCSA, DIS, FOXA, AMCX, VIA, SNI, CRWN, MSG.
Sep. 19, 2014, 12:16 PM
- A study sponsored by A+E maintains that TV viewers aren't perturbed by a disabled fast-forward option when watching shows on video-on-demand.
- The interesting conclusion comes right as major TV networks (DIS, CMCSA, CBS, FOXA, TWX, AMCX, VIA, SNI, MSG, CRWN) are looking to push Live+7 ratings in order to grab more advertising eyeballs.
- The switch to Live+7 and disabled VOD fast-forwarding is seen as a revenue-saver for the sector with traditional TV viewing in decline.
Aug. 22, 2014, 5:16 PM
- John Thaler's JAT Capital has raised its stake in Madison Square Garden (NASDAQ:MSG) to 4.28M shares (6.7%). In its 13D, JAT says it "may seek to engage" MSG's board to "provide recommendations on ways to achieve long-term value."
- MSG +1.9% AH to a new 52-week high. Shares have been buoyed by Steve Ballmer's $2B purchase of the Clippers, and its potential implications for the value of the Knicks.
The Madison Square Garden Co. engages in live sports and entertainment business. The company operates through two reportable segments: MSG Entertainment and MSG Sports. The MSG Sports segment owns and operates the following professional sports franchises: the Knicks of the NBA, the Rangers of... More
Industry: Entertainment - Diversified
Country: United States
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