RealD Inc. (RLD) - NYSE
  • Fri, Jul. 8, 10:32 AM
    • The U.S box office is only up 1.3% through the 4th of July weekend compared to last year, according to an updated tabulation from BoxOfficeMojo.
    • Drexel Hamilton says its the filler movies scheduled between blockbusters that are to blame for the sub-2% growth. The investment firm points to Sony's (NYSE:SNE) Money Monster as an example of the trend. The film was set up as a blockbuster gap filler (Julia Roberts, George Clooney, and Jodie Foster as director), but has only brought in $41M to date.
    • What to watch: The exhibitor industry is desperate to hold on to the dinner-and-a-movie date concept with more data out suggesting that younger generations are skipping out on the latter half of the equation. Ticket pricing (+2% Y/Y) and concessions revenue per patron have been solid, but growing traffic steadily has been a challenge.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS, NCMI.
    | Fri, Jul. 8, 10:32 AM | 1 Comment
  • Sun, May 22, 6:09 PM
    • The U.S. box office continues to stay ahead of last year's pace after Angry Birds and Captain America: Civil War performed well over their opening weekend. Both films were comfortably over $30M level (domestic) for the weekend.
    • Next week could be even stronger with X-Men: Apocalyse set to debut. The superhero mashup has already earned more than $100M in the 75 global markets where it has opened (ranking #1 in 71 markets).
    • The U.S. box office YTD tally of $4.229B through May 22 is up 5.6% from the level of last year and 11.7% higher than the running total in 2014 through the same weekend.
    • Looking ahead, exhibitors hope to cash in even more on theater and format upgrades after reporting strong concessions revenue growth in Q1 (AMC was a leader with a 21% Y/Y jump or +6% per patron). Movie ticket prices have also trickled higher, averaging $8.58 this year sector-wide.
    • Looking even further ahead, despite some dabbling with a shortened release window and Netflix (NASDAQ:NFLX) introducing some movies on the big screen, the industry has stayed relatively consolidated in preventing a major disruption to its model such as the The Screening Room (see prior coverage) aims to unveil.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS, NCMI.
    | Sun, May 22, 6:09 PM | 2 Comments
  • Wed, Feb. 24, 3:41 PM
    • RealD (NYSE:RLD) says shareholders have approved the company's merger with an affiliate of Rizvi Traverse Management.
    • The merger is expected to close before March 23.
    • RealD trades below the $11 deal price at $10.79 on last check.
    | Wed, Feb. 24, 3:41 PM | 5 Comments
  • Mon, Feb. 1, 4:27 PM
    • RealD (NYSE:RLD): Q4 EPS of -$0.08 may not be comparable to consensus of $0.17.
    • Revenue of $50.37M (+54.7% Y/Y) misses by $4.86M.
    | Mon, Feb. 1, 4:27 PM
  • Mon, Feb. 1, 4:10 PM
    • RealD (NYSE:RLD) reports license revenue rose 42% Y/Y to $29.43M in FQ3.
    • Product/other revenue was up to $20.63M.
    • Total operating expenses increased +19% Y/Y to $25.67M.
    • Nine 3D films were released in the quarter this year, compared to five a year ago.
    | Mon, Feb. 1, 4:10 PM | 1 Comment
  • Mon, Feb. 1, 8:26 AM
    • Starboard Value trimmed its position in RealD (NYSE:RLD) late last week to 2.55M shares or about 5% of the company.
    • The hedge fund sold off shares between December 11 and January 26.
    • Starboard tried to buy RealD back in 2014 for $600M.
    • RLD closed at $10.39 on Friday vs. a 52-week trading range of $8.66 to $13.53.
    | Mon, Feb. 1, 8:26 AM
  • Dec. 19, 2015, 11:08 AM
    | Dec. 19, 2015, 11:08 AM | 92 Comments
  • Dec. 18, 2015, 8:33 AM
    • Star Wars: The Force Awakens hits theaters with a vengeance this weekend  amid sky-high expectations for exhibitors. Though theater chains take a lower cut from blockbusters, and Disney films in general, concession and admission revenue for December is still expected to pop. A few numbers to watch are listed below.
    • The largest domestic December opening weekend ever was The Hobbitt: An Unexpected Journey at $37.13M which should fall easily, Star Wars could top the all-time U.S. opening weekend record set by Jurassic World of $208M.
    • The highest per theater average for an opening ever was Jurassic World at $48,555. A high mix of premium ticket sales for Star Wars could help that record fall by the wayside.
    • On the all-time global box office list, Star Wars is expected to rank somewhere behind the $3.554B haul of Titanic and Avatar's $2.932B. As long as Star Wars clears $2B, the exhibitor sector should meet expectations. That could be welcome relief for major names AMC Entertainment, Cinemark, Regal Entertainment, and Carmike Cinemas which all trail the YTD return of the S&P 500 Index.
    • YTD box office revenue in the U.S. is up 4.0% to $10.075B through December 16. Star Wars has two weeks to take that mark considerably higher.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS, NCMI.
    | Dec. 18, 2015, 8:33 AM | 24 Comments
  • Nov. 9, 2015, 2:38 PM
    • RealD (NYSE:RLD) trades up 2.27% to $10.81 after agreeing to a go-private deal with PE-firm Rizvi Traverse Management at $11 per share.
    • The company is already the target of some criticisms after rejecting a $12 offer last year from Starboard Value.
    | Nov. 9, 2015, 2:38 PM | 3 Comments
  • Nov. 9, 2015, 9:12 AM
    • RealD (NYSE:RLD) estimates that RealD screens generated $230M in October.
    • The monthly tally was split between $121M domestic and $109M international.
    • SEC Form 8-K
    | Nov. 9, 2015, 9:12 AM | 1 Comment
  • Nov. 9, 2015, 9:05 AM
    • RealD (NYSE:RLD): FQ2 EPS of -$0.15 misses by $0.06.
    • Revenue of $38.45M (-19.5% Y/Y) beats by $0.98M.
    | Nov. 9, 2015, 9:05 AM | 3 Comments
  • Nov. 8, 2015, 5:35 PM
  • Oct. 28, 2015, 1:10 PM
    • The rally is on for exhibitor stocks today after Regal Entertainment (RGC +5.8%) reported strong earnings last night.
    • The 10% gain in concessions per patron was an eye-catcher from the Regal report, as well as management's favorable read on Q4 traffic.
    • Gainers include AMC Entertainment (AMC +5.6%), Cinemark Holdings (CNK +3%), Carmike Cinemas (CKEC +3%), Marcus Corp (MCS +2.8%), and Reading International (RDI +1.3%). Sector cousins RealD (RLD +4.9%) and IMAX (IMAX +1.7%) are also higher.
    • Also of note is the Chinese M&A-fueled rally going on in the broad leisure and lodging sectors. Movie chains have long been considered potential targets of China-based media companies.
    • Previously: Lodging and leisure names perk up (Oct. 28 2015)
    | Oct. 28, 2015, 1:10 PM | 3 Comments
  • Oct. 20, 2015, 1:33 PM
    • Huge demand for advance tickets to Star Wars: The Force Awakens crashed the websites of several sellers last night, including AMC Theatres (NYSE:AMC) and Fandango.
    • It's a positive sign for an exhibitor sector looking for a strong Q4. The U.S. box office is already ahead of last year's pace with the Star Wars event in December still to come.
    • The buzz last night was created after the official Star Wars trailer was unveiled (see on YouTube). In less than 15 hours, the preview has generated almost 13M views.
    • Previously: Disney bringing Force to ESPN with MNF 'Star Wars' trailer, ticket presale (Oct. 19)
    • Related stocks: CKEC, RGC, RLD, RDI, CNK, IMAX.
    | Oct. 20, 2015, 1:33 PM
  • Oct. 7, 2015, 2:02 PM
    | Oct. 7, 2015, 2:02 PM | 1 Comment
  • Oct. 5, 2015, 7:09 AM
    • RealD (NYSE:RLD) announces that 46% of ticket sales for The Martian were from showings in the 3D format.
    • The science fiction film was the 8th movie of the year to generate more than 40% from 3D sales during the opening weekend.
    • Several titles in Q4 look ripe to generate strong interest in 3D showings, including the next Star Wars film due in December.
    • Previously: Strong numbers for 'The Martian' in jinx-defying opening weekend (Oct. 04 2015)
    | Oct. 5, 2015, 7:09 AM | 1 Comment
Company Description
RealD Inc is a licensor of 3D and other visual technologies. The Company licenses its RealD Cinema Systems to motion picture exhibitors that show 3D motion pictures and alternative 3D content.
Sector: Services
Industry: Movie Production, Theaters
Country: United States