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Fox: 'Book Of Life' Looking To Take Pages Out Of 'Maze Runner', 'Gone Girl' And Other Recent Studio Success StoriesThe Entertainment Oracle • Sat, Oct. 18
- Fox has been on a box office role lately with its successful film adaptations of "The Maze Runner' and "Gone Girl."
- "The Book Of Life" will play well with families and the Hispanic demographic as a result of its Day of the Dead roots.
- Fox’s TV divisions are also doing well, thanks to the success of "American Horror Story" and 'Gotham."
Twenty-First Century Fox: Major Media Is Still A Major Buy?
- FOXA has underperformed its major peers of late.
- Mainly because a number of investors were disappointed by the failed bid for TWX.
- But FOXA still appear to be one of the most compelling investments in big media..
Fox: FX's 'American Horror Story' Breaks Records And Solidifies Network's FutureThe Entertainment Oracle • Wed, Oct. 15
- 'American Horror Story' has consistently been one of FX's strongest series with both critics and viewers.
- The anthology's latest installment 'Freak Show' debuted to record numbers, making its premiere the most watched single-episode in FX's history.
- The continued success of 'American Horror Story' comes at an ideal time as FX is preparing to lose two of its most well-known programs.
Fox: Studio Looking To Keep Momentum Going With David Fincher's 'Gone Girl'The Entertainment Oracle • Fri, Oct. 3
- ‘Gone Girl’ is the latest film adaptation of a popular book to open with solid buzz.
- Fox recently saw success with ‘The Maze Runner’ and while ‘Gone Girl’ targets a different demo, the studio can still use a similar road map.
- The box office may have shown signs of life in recent weeks, but still is expected to close the year significantly lower than last year.
- Fox has had a strong fall on TV thanks to shows like ‘Gotham’ and ‘Sons of Anarchy.’.
Fox: FX's 'The Strain' And FXX's 'Simpsons' Acquisition Combine With Return Of '24' To Give TV Division Strong Summer
- Both of Fox’s film and TV divisions had a strong summer but its TV division has a few more bumps to overcome.
- Cable networks FX and FXX had a easier time than Fox’s broadcast network but all three had success.
- FXX is the big winner among all three networks as a result of its acquisition of The Simpsons and subsequent mega marathon ratings.
- Fox has an increasing sense of urgency to replace its fading American Idol.
- Its new reality series 'Utopia' is a big step towards reinvigorating its TV segment.
- If it is a hit, there will be a significant secondary revenue stream from those wanting to watch every detail of the series when they want.
- 'The Simpsons' is one of TV's most iconic series of all time.
- After 25 years the series is finally coming to cable through a syndication deal with FXX that includes multiple viewing options.
- FXX is a part of Fox, which through the broadcast channel and FX cable network is already a powerful force...but FXX has gotten off to a rocky start.
- FXX spent a record amount of money on the well-known brand in a bid to get more people to tune into the network and stay tuned in afterwords.
- This new model is potentially setting the groundwork for future deals taking place in an increasingly crowded online medium.
- Broadcast TV remains the biggest challenge for FOXA, as American Idol continues to slip.
- Cable and film continue to be robust, led by affiliate and retransmission fees pricing power, and good film choices.
- 2016 could be a huge break-out year, with political spend soaring and Avatar 2 to be released.
Fox: Studio Hoping 'Let's Be Cops' Mimics Success Of 'Neighbors,' '22 Jump Street'The Entertainment Oracle • Wed, Aug. 13
- Following a successful summer Fox looks to end the season on a high note with 'Let's Be Cops'.
- Despite a trend of adult comedies like 'Neighbors' and '22 Jump Street' doing well, the failure of 'Sex Tape' doesn't bode well for 'Let's Be Cops'' box office chances.
- Fox's film division has a strong fall roster and its TV channels (Fox and FX) each have highly anticipated programming coming soon that could help boost overall investor confidence.
- Twenty-First Century Fox reluctantly admitted defeat in its campaign to acquire Time Warner.
- This move by management sheds light on the company's earlier decision to divest certain assets.
- Despite the fact the company is now without a partner in an era of consolidation, the company's share buyback plan has a chance of creating shareholder value.
- 21st Century Fox reported fourth quarter revenue growth of 17% to $8.42 billion and net income of $999 million compared to -$371 million in 4Q2013.
- The Filmed Entertainment segment was the biggest driver of revenue growth with a 38% year-over-year increase to $2.8 billion.
- My original article outlined how the strength in Fox's movie studio this quarter and continuing through the rest of 2014 would drive revenue growth for the company.
- Fox withdrew its offer to buy Time Warner late Tuesday, and saw large gains in evening trading after making the announcement.
- The move could be a strategic way to force Time Warner to respond, but the timing is interesting coming the day before Fox’s earnings announcement.
- Keep an eye on Fox’s earnings tomorrow.
- Twenty-First Century Fox has to meet very high expectations.
- Over the past few years, the company has outperformed Disney in terms of revenue growth and both it and Comcast in terms of rising profitability.
- There is, however, a catch to the company's soaring profits that investors would be wise to account for.
Twenty-First Century Fox: The Big Studio Has Enough Star Power This Earnings SeasonRobert Weinstein • Tue, Jul. 29
- Merger with Time Warner on ice, but shares are at pre-speculation support again.
- Option premium is high - creating opportunity for longs and shorts.
- Analysts like the stock and expecting a big gain when the studio reports.
- Fox's movie studio, 20th Century Fox, became the first studio to reach $1 billion in gross domestic revenue during 2014.
- FY 4Q2014 will see a more than 200% revenue increase in its filmed entertainment division, which accounts for nearly one-third of Fox's overall revenue.
- With strong earnings in FY Q4 2014 and easy revenue comparisons remaining in 2014, 21st Century Fox has more than 20% upside.
Fox And Time Warner Put Media Chess Board Pieces In Motion
- Fox has slightly better than even chance to prevail.
- Deal will cost Fox more, and TWX will resist.
- Many other media companies affected.
Fox Gives Box Office A Bump With Successful Debut Of 'Dawn Of The Planet Of The Apes'The Entertainment Oracle • Mon, Jul. 14
- Fox gives box office a boost with stellar $73 million opening for "Dawn Of The Planet Of The Apes."
- Fox overall has had a solid summer with hit films like "X-Men - Days of Future Past" and "The Fault In Our Stars."
- A strong slate of August films from Marvel, Paramount and Sony could help end the summer on a high note.
Fri, Nov. 21, 7:41 AM
Tue, Nov. 18, 9:41 PM
- Nielsen (NYSE:NLSN) will begin tracking TV viewership on online subscription services in December, sources tell the WSJ.
- The technology used by Nielsen to derive the ratings measurements won't require any cooperation from streamers such as Netflix (NASDAQ:NFLX) or Amazon Prime (NASDAQ:AMZN).
- The development could help content owners compute the impact of licensing their programming and prevent them from having to negotiate in the dark.
- Related stocks: TWX, AMCX, CBS, CMCSA, DIS, FOXA, SNE, LGF, VIA, VIAB, RENT.
Thu, Nov. 13, 8:46 PM
- Sony's (NYSE:SNE) new online TV package will price at $60 to $70 per month, estimates Re/code.
- It's a level that is twice what Dish Network (NASDAQ:DISH) plans to charge for a slimmer package, although one that includes ESPN.
- Programming on the Sony streaming service will feature shows from CBS, Discovery Communications, Fox, NBC, Scripps Networks, and Viacom.
- The pitch from the Japanese media giant is that cord-cutters will be drawn in by the captivating way of accessing the content through gaming consoles. A cutting-edge discovery and recommendations service for users is also highlighted by execs.
- Regulatory watch: Potential rule changes from the FCC could level the playing field for the new streamers as they work out their content deals.
- What to watch: A fragmented pay-TV landscape could benefit content producers (DISCA, CBS, FOXA, DIS, LGF, TWX, AMCX) in the short-term as competition heats up, while creating a pricing headache for cable/satellite/telco players (CMCSA, CVC, CHTR, DISH, T, DTV, VZ, TWC).
- The Netflix factor: Many media analysts consider Netflix (NASDAQ:NFLX) an add-on for consumers - instead of an either/or decision with online TV.
Tue, Nov. 11, 7:24 AM
- The FCC votes to uphold a previous ruling by its Media Bureau covering the access by third parties to pay-TV contracts.
- In-person access to the information will open up on November 17 unless programmers win a new court order.
- FCC statement (.pdf)
- Related stocks: DIS, CBS, AMCX, TWX, VIAB, SNI, FOXA, CMCSA, CRWN.
Tue, Nov. 4, 5:31 PM| Comment!
Tue, Nov. 4, 4:26 PM
- 21st Century Fox (NASDAQ:FOXA) reports double-digit revenue growth in FQ1.
- Revenue growth: Cable Network Programming +15.0% to $3.23B; Television flat at $1.048B; Filmed Entertainment +16.8% to $2.476B; Direct Broadcast Satellite Television +4.2% to $1.45B.
- The largest OIBDA gain was in the Filmed Entertainment segment where Dawn of the Planet of the Apes and Maze Runner had strong global responses. Higher syndication and SVOD income also factored in.
- Lower ratings on Fox entertainment shows contributed to a 5% dip in TV advertising revenue for the company.
- Operating expenses +13.6% to $5.052B.
- FOXA +0.3% AH.
Tue, Nov. 4, 3:00 PM
- Media stocks are skittish after Discovery Communications lowers guidance and Dish Network CEO Charlie Ergen tips off a willingness to play hardball in carriage fee negotiations.
- Decliners: 21st Century Fox (NASDAQ:FOXA) -4.1%, Viacom (NASDAQ:VIAB) -4.0%, Disney (NYSE:DIS) -1.6%, Time Warner (NYSE:TWX) -3.5%, CBS (NYSE:CBS) -3.9%, AMC Networks (NASDAQ:AMCX) -3.3%, Lion's Gate (NYSE:LGF) -2.6%.
- The PowerShares Dynamic Media ETF (NYSEARCA:PBS) is -1.1% on the day.
- Previously: Dish Network gains after earnings call bravado
- Previously: Light guidance trips up Discovery Communications
Mon, Nov. 3, 5:35 PM
- ADEP, AMRS, ATVI, AWAY, AXLL, BIO, BIOL, BIRT, CALD, CBSO, CDXS, CERS, CHUY, CKEC, COHR, CORT, COUP, CRTO, CSU, DOX, DVN, ENPH, EXAM, EXEL, FANG, FEYE, FOXA, FRGI, GAS, GHDX, HR, ITRI, IVR, JAZZ, JIVE, JKHY, JMBA, KAR, MITT, MOSY, MPO, MYGN, NP, NRP, NSTG, NYMT, OAS, OCLR, OKE, OKS, PACD, PAYC, PBPB, PCYC, PEGA, PHH, PRI, PXD, PZZA, REGI, REXX, RLOC, RNR, RP, SBAC, SN, SPA, SQNM, TMH, TNET, TRIP, TTGT, TWO, TWOU, TX, UIL, WPX, XEC, XNPT, ZAGG, ZU
Tue, Oct. 28, 12:44 PM
- Viacom (VIA, VIAB) says it will expand the amount of programming it offers on Hulu under the terms of a new deal.
- Series from Nickelodeon, Comedy Central, MTV, VH1, TVLand, Spike, BET, and Logo will all be added to Hulu over the coming weeks.
- Hulu is owned by Disney (NYSE:DIS), Comcast (NASDAQ:CMCSA), and 21st Century Fox (NASDAQ:FOXA).
Fri, Oct. 24, 1:48 PM
- RBC is out with a forecast on which studios will make the most money in 2015 from selling off-network series to SVOD concerns such as Netflix (NASDAQ:NFLX), Amazon Prime (NASDAQ:AMZN), and Hulu.
- CBS Studios (NYSE:CBS) leads the pack at $179M, while Warner Bros. (NYSE:TWX) is expected to bring in $106M and Lion's Gate (NYSE:LGF) about $61M.
- Sony Pictures TV (NYSE:SNE), Fox (NASDAQ:FOXA), and ABC Studios (NYSE:DIS) are pegged to bring in $40M-$43M.
- The overall spend of the top three streamers on older series is expected to rise 31% to $6.8B next year.
Mon, Oct. 20, 10:25 PM
- The top ten films in the U.S. grossed $115.4M over the weekend, up 27% from the same period a year ago.
- Sony's (NYSE:SNE) Fury was the top movie of the weekend with a $23.5M take, while 20th Century Fox's (NASDAQ:FOXA) Gone Girl impressed by taking in $17.8M in its third week at theaters. The David Fincher film crossed the $100M mark over the weekend vs. a production budget of $62M.
- YTD U.S. box office revenue -3.9% at $8.261B.
- Studio stocks: LGF, SNE, VIA, CMCSA, DIS.
- Movie exhibitor stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX.
Sat, Oct. 18, 11:15 AM
- AMC Networks (NASDAQ:AMCX) plans to ramp up the production of original drama series heading into next year.
- A network producer meeting this week included pitches on seven new series, according to Deadline.
- AMC has been the network which may have benefited the most from SVOD and time-shifted viewing trends with Breaking Bad (2008-2013), The Walking Dead (2010-present), and Mad Men (2007-2015) all late-breaking hits - while Halt and Catch Fire (2014-present) is tapped to be next breakthrough.
- What to watch: Media analysts think AMC's formidable track record of producing engaging content puts it in a strong position even if the pay-TV model cracks (new streamers: CBS, HBO). The company is considered by some an enticing takeover target for a larger media company. CBS (NYSE:CBS) and 21st Century Fox (NASDAQ:FOXA) come to mind.
Fri, Oct. 17, 9:30 AM| Comment!
Wed, Oct. 15, 11:32 AM
- Netflix (NFLX -2.6%) slid a little lower after Time Warner announced HBO would become a stand-alone service sometime in 2015.
- Though it isn't clear how much of HBO's programming will migrate over to the OTT product, the mention of the "international possibilities" of a streaming HBO is enough to catch the attention of Netflix watchers.
- The development also has implications for Hulu (DIS, CMCSA, FOXA) and Amazon (AMZN -1%) which could end us as delivery partners or direct streaming rivals, according to Re/code.
- Pay-TV operators (CHTR, CVC, DISH, DTV) are in a bit of a box by the plan and may choose to play hardball with HBO.
Fri, Oct. 10, 8:20 AM| Comment!
Wed, Oct. 8, 9:50 AM
- 21st Century Fox (FOXA +0.4%) has agreed to pay $10M to buy KBCB TV station in Seattle.
- The move follows a general strategy of the media company to buy stations in cities with NFL franchises.
- What to watch: Fox's purchase of the small station gives it some considerable leverage when it comes time to negotiate with affiliate KCPQ which is owned by Tribune Media (OTCPK:TRBAA).
FOXA vs. ETF Alternatives
Twenty-First Century Fox Inc is a diversified media and entertainment company. It operates in five business segments: Cable Network Programming, Television, Filmed Entertainment, Direct Broadcast Satellite Television, and Other Corporate and Eliminations.
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