Market Currents

• Tuesday, November 3, 2009

• 09:04 AM Marvel Entertainment (MVL): Q3 EPS of $0.26 beats by $0.02. Revenue of $106M (-42.1%) vs. $92.5M. Disney (DIS) is due to acquire Marvel by year-end. (PR) Comment!
• 00:05 AM Notable premarket earnings: ABC, ACOR, ADM, AMT, ANR, CAM, COL, CTSH, EMR, EXPD, FTR, GET, HCP, HNT, ICE, JOE, JRCC, LPX, MA, MHS, MRO, MVL, NXG, OSK, PER, PKD, PQ, RCL, RDC, RL, SNH, TE, TEVA, THC, TLM, VIA, VNO Comment!

• Monday, September 21, 2009

• 08:06 AM Walt Disney's (DIS) $4B acquisition of Marvel Entertainment (MVL) hits a snag after heirs to revered comic book artist Jack Kirby, creator of many of Marvel's mainstays, files claims challenging Marvel's long-term rights to some of its superheros. Disney says the claims "were fully considered in the acquisition." Comment!

• Thursday, September 10, 2009

• 07:58 AM Just a week after Disney's (DIS) deal to buy Marvel (MVL), Time Warner (TWX +2.3%) is folding its comic-book unit, DC Comics, into its Warner Bros. studio and renaming the unit DC Entertainment Inc. TWX says the move will let it take better advantage of DC's characters. 1 Comment

• Tuesday, September 1, 2009

• 08:15 AM Not everyone feels marvelous about Disney's (DIS) latest acquisition. Paramount (VIA) will be able to complete but not extend a recent distribution deal with Marvel (MVL), and Electronic Arts (ERTS) got bumped as a short-term acquisition target for Disney. Comment!

• Monday, August 31, 2009

• 15:14 PM S&P says it may downgrade Disney (DIS -2.7%) after the announcement that the entertainment titan would sink $4B into acquiring Marvel (MVL +25.2%). Meanwhile, DreamWorks Animation SKG (DWA) is up 6.6% to $33.77 as Goldman Sachs (GS) raises its price target to $38, speculating DreamWorks could become a takeover target for a large studio without CGI capabilities that wanted to emulate a Disney-Pixar relationship. Comment!
• 09:07 AM Disney (DIS) to acquire Marvel Entertainment (MVL) and its portfolio of over 5,000 characters in a stock and cash transaction worth about $4B. MVL shareholders to receive $30 and 0.745 DIS shares per share, or about $50. Marvel closed at $38.65 on Friday. (PR) DIS -3.1% premarket. MVL +25% to $48.48. 3 Comments

• Tuesday, August 4, 2009

• 07:06 AM Marvel Entertainmnet (MVL): Q2 EPS of $0.37 beats by $0.06. Revenue of $116M (-26%) vs. $106M. (PR) Comment!

• Tuesday, May 5, 2009

• 07:27 AM Marvel Entertainment (MVL): Q1 EPS of $0.57 beats by $0.21. Revenue of $197M (+75%) vs. $136M. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: ADM, ADP, ALU, AVP, AYE, BAM, CBB, CEG, CTSH, CVS, DNR, DRH, DUK, EMR, FCL, FE, HEW, HNT, ICE, JOE, KFT, LM, LPX, MAC, MVL, PAG, PCP, PGN, PNW, PQ, RDN, SE, SRE, TAP, TEVA, UNT, VRX, VTR, WEC, WTI, WY, WYNN, XEC
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• Tuesday, March 17, 2009

• 07:28 AM Marvel Entertainment (MVL) inks an exclusive ten-year deal to allow Gazillion Entertainment to make multiplayer online games based on Marvel's characters. Gazillion's first Marvel-themed game, Super Hero Squad, will launch in 2010. Comment!

• Thursday, March 12, 2009

• 10:29 AM Hoping to build greater anticipation for its much-awaited The Avengers, Marvel Entertainment (MVL) pushes back the release of Thor, The First Avenger and The Avengers by about a year. MVL -2.6%. Comment!

• Tuesday, November 4, 2008

• 08:34 AM Premarket losers: MVL -7.7%. NSANY -4%. THC -3%. Comment!
• 07:15 AM Marvel Entertainmnet (MVL): Q3 EPS of $0.64 beats by $0.19. Revenue of $182.5M (+47.7%) vs. $146M. Sees full-year EPS of $2.45-2.65 vs. $1.93 and 2009 EPS of $1.00-1.35 vs. $1.94. (PR) Comment!

• Tuesday, August 5, 2008

• 07:25 AM Marvel Entertainmnet (MVL): Q2 EPS of $0.59 beats by $0.14. Revenue of $157M (+54.6%) vs. $131M. [PR] Comment!
• 00:05 AM Notable earnings before Tuesday's open: ADM, AHCI, ALD, AMSC, CHTR, CMS, COV, CSE, DHI, DNR, DUK, EAT, EMR, EXPD, GLBL, HNT, ICON, IDEV, JRCC, LEAP, MGM, MVL, NI, PG, PKD, RDC, RRI, TAP, THC, VNDA, VNO, WTI, WY, XEC Comment!