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  • Yesterday, 2:49 PM
    • Theater stocks spiral lower amid increased focus on a shorter window before movies are available at home.
    • A top exec at Warner Bros. (TWX -0.6%) said at an investor conference earlier this week that he has held constructive talks within the industry about offering faster home rentals on top movies at a premium price ($25 to $50). Kevin Tsujihara says some films could be available for streaming as soon as two weeks after their big screen debut.
    • On watch: Cinemark (CNK -3.6%), Regal Entertainment (RGC -2.5%), Carmike Cinemas (CNK -3.6%), Marcus Corp (MCS -0.5%), AMC Entertainment (AMC -3.6%) and IMAX (IMAX).
    • The development could be positive for Netflix (NFLX +2.3%).
    | Yesterday, 2:49 PM | 22 Comments
  • Yesterday, 9:01 AM
    • Candidate Donald Trump was strongly against the AT&T (NYSE:T)/Time Warner (NYSE:TWX) tie-up, but president-elect Trump's transition team has reassured T that its deal will be evaluated without prejudice, reports the FT.
    • AT&T is encouraged by appointments to the transition team of two former competition officials with a history of hands-off attitude on antitrust. Talks with the team have AT&T believing its purchase will pass regulatory muster.
    • University of Michigan professor Erik Gordon says he expects a Trump administration to turn tough on deals only when they might result in job losses. Gordon: “The Obama administration seemed to have an almost gut, visceral dislike of big powerful companies. I think the Trump administration doesn’t have that."
    | Yesterday, 9:01 AM | 41 Comments
  • Yesterday, 4:09 AM
    • CNN (NYSE:TWX) is apparently looking to hire Fox News (FOX, FOXA) anchor Megyn Kelly. Her contract is up in July 2017.
    • Sources told Drudge Report that CNN President Jeff Zucker was talking to Kelly and offering her a potential show on his network, but he couldn't match the $20M a year Fox was reportedly offering to keep her on its airwaves.
    • Previously: Murdoch: Want to keep Kelly at Fox News but 'It's up to her' (Oct. 27 2016)
    | Yesterday, 4:09 AM | 8 Comments
  • Thu, Dec. 1, 1:57 PM
    • As sourced by the Financial Times, executive confidence the $85B deal, despite concern over possible regulatory obstacles, has been communicated.
    • AT&T (T) remains unmoved on the session.
    | Thu, Dec. 1, 1:57 PM | 15 Comments
  • Thu, Dec. 1, 10:00 AM
    | Thu, Dec. 1, 10:00 AM | 10 Comments
  • Wed, Nov. 30, 8:03 AM
    • Disney-backed (NYSE:DIS) streaming TV platform BAMTech may be losing HBO as a customer, according to the New York Post.
    • The premium pay-TV channel is looking to exit its contract sometime next year, which could be prompted by the fact that HBO is owned by Time Warner (NYSE:TWX), which is in the process of being acquired by telecom AT&T. Sources say it is has also been investing in developing its own in-house streaming capabilities.
    • Disney owns a third of BAMTech, but is widely expected to become a much bigger shareholder.
    | Wed, Nov. 30, 8:03 AM | 14 Comments
  • Mon, Nov. 28, 10:37 AM
    • Along with the startup's 12-member team.
    • The operation had previously raised $2M of seed funding.
    • What CNN (NYSE:TWX) plans involving assets of the video-sharing operation remains unclear as the service in present form is now set to shut down January 31, 2017.
    • Beme
    | Mon, Nov. 28, 10:37 AM | 1 Comment
  • Mon, Nov. 28, 9:46 AM
    | Mon, Nov. 28, 9:46 AM | 10 Comments
  • Wed, Nov. 23, 9:41 AM
    • From Outperform prior. Target maintained at $63 (current price $60.93).
    • Analyst Daniel Salmon considers CBS fairly valued, to become a "deal stock" regarding prospective Viacom merger and notes several catalysts, including an accelerated buyback, have already been worked through. Would become "fundamentally productive" on shares in the mid-$50s.
    • Ranks "New Media pecking order" as follows – (NASDAQ:FOXA), (NYSE:TWX), (NYSE:CBS), (NASDAQ:VIAB), (NYSE:DIS)
    | Wed, Nov. 23, 9:41 AM | 2 Comments
  • Tue, Nov. 22, 10:12 AM
    • Although the President-elect has railed against companies like NBCUniversal and Amazon for being too big, the advisers Trump named to help oversee his FCC and DOJ transitions have a history of being very pro-industry and anti-regulation, particularly when it comes to mergers.
    • That could be good news for AT&T's (T +0.9%) $85B bid for Time Warner (TWX +0.8%), despite what Trump has said on the campaign trail.
    • Jeff Eisenach has supported major media mergers proposed in recent years, while Mark Jamison argued in favor of the AT&T and T-Mobile tie-up, although in the end the FCC declined to approve the deal.
    • Of Trump's three new advisers for the transition of DOJ - J. Patrick Rowan, Jessie Liu and Ronald Tenpas - none specialize in M&A, but all three have extensive experience in helping large companies navigate the U.S. regulatory landscape. Rowan has also helped counsel at least one sale of a U.S. telecom company to a foreign buyer.
    | Tue, Nov. 22, 10:12 AM | 47 Comments
  • Mon, Nov. 21, 5:02 AM
    • Fantastic Beasts and Where to Find Them had no trouble finding first place at the box office this weekend, with the Harry Potter spinoff collecting an estimated $75M in the U.S. and Canada and $143.3M across the globe.
    • But re-entering the world of wizardry didn't come cheap. Warner Bros. (NYSE:TWX) spent $180M to produce the film and tens of millions more to market it. Five films are planned in the series.
    | Mon, Nov. 21, 5:02 AM | 2 Comments
  • Fri, Nov. 18, 3:46 PM
    • The Information suggests HBO Now (TWX +0.7%) could soon be added to Amazon's Channels portfolio, reporting a potential three-year deal is nearing realization.
    • Amazon Channels (AMZN +0.8%) presently includes streaming offerings by Showtime, Starz and others, which Prime members are able to subscribe to on individual, monthly bases. With HBO Now subscriptions available through Apple TV, Roku and elsewhere, the absence had been one of note.
    • Yesterday: Amazon streaming video service possibly on verge of worldwide expansion
    | Fri, Nov. 18, 3:46 PM | 7 Comments
  • Fri, Nov. 18, 12:14 PM
    • The president-elect intends to nominate Alabama Senator Jeff Sessions as the next Attorney General. While the immediate focus (in much of the media) seems likely to be his hardline stance against illegal immigration, Evercore ISI's Terry Haines says the choice means an immediate shift from the "red light" antitrust policy of the Obama administration.
    • Source: Bloomberg
    • That, of course, would be of particular interest to AT&T (NYSE:T) and Time Warner (NYSE:TWX), as well as Bayer (OTCPK:BAYRY) and Monsanto (NYSE:MON).
    | Fri, Nov. 18, 12:14 PM | 50 Comments
  • Thu, Nov. 17, 7:49 PM
    • Speculation about the chances for approval of AT&T's (T +0.7%) $85B deal for Time Warner (TWX +2%) has turned on some key sub-issues, like whether the FCC would get a chance to weigh in, as opposed to merely antitrust reviews.
    • Time Warner could sell its license for TV station WPCH in Atlanta, sure; it's Time Warner's FCC licenses for satellite distribution (getting its programs into space and then to people's homes) that could bring in the FCC and thus the biggest threat to the deal.
    • Time Warner has dozens of licenses for its dishes that would trigger a review if transferred to AT&T -- and if the company sold its dishes to a third party, that party would still need to get the FCC's OK. AT&T thinks it can "offload" licenses that would trigger a review, says RBC Capital Markets' Jonathan Atkin.
    • Meanwhile, the FCC has broad "public interest" authority to end deals that it has a handle on, even by pushing deals to a lengthy hearing (as it did in squelching AT&T's bid for T-Mobile and Comcast's deal for Time Warner Cable).
    • But the merger might not face an FCC review under a Trump administration -- "the dawn of a new regulatory day," says analyst Craig Moffett, who now gives the deal a 65% chance of approval. MoffettNathanson upgraded Time Warner to Buy with a price target of $100 (more than 10% upside from today's close).
    | Thu, Nov. 17, 7:49 PM | 11 Comments
  • Thu, Nov. 17, 5:34 PM
    • As signaled last month, Warner Bros. (TWX +2%) has its deal to buy the remainder of gamer-focused digital media network Machinima.
    • Terms weren't disclosed, though last month's sticking point was Machinima seeking a value of $150M vs. the Warner approach (less than $100M). Warner had first invested in 2014.
    • Machinima, the 10th biggest online video company in the country, will operate as a wholly owned subsidiary of Warner Bros. Digital Networks (a unit created in June), and find a home there alongside content based on Warner's DC Comics franchise.
    • And it should fit into AT&T's (T +0.7%) plans for acquiring Time Warner: expanding digital video offerings that can be sent to AT&T smartphones.
    | Thu, Nov. 17, 5:34 PM | 1 Comment
  • Wed, Nov. 16, 10:39 AM
    • Turner Broadcasting (NYSE:TWX) has acquired a strategic consulting firm that it will apply to projects at its key networks, TBS and TNT.
    • The company acquired the advisory business of BRaVe Ventures, which has helped out in developing Turner's burgeoning e-sports coverage. That firm will become a business strategy unit working on ideas for the networks and reporting to their president, Kevin Reilly.
    • "We have benefited from the expertise of [co-founders David Beck and Jesse Redniss] in both business development and consumer experience over the past year,” said Reilly. “With the guys now exclusively in our corner we can accelerate the evolution of TNT and TBS.”
    | Wed, Nov. 16, 10:39 AM | 1 Comment