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The Risk/Reward In 21st Century Fox Just Got Too Good To Resist
Thursday, May 11, 2017 - 10:25am | 648Reviewing Twenty-First Century Fox Inc (NASDAQ: FOXA)'s fiscal third-quarter results, Rosenblatt Securities said it feels the valuation of the shares is compelling, particularly if the Sky deal is completed. Analyst Alan Gould noted the EBITDA and adjusted earnings per share of $1.94 billion...
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Can Anything Distract Disney Investors From ESPN Focus?
Monday, May 8, 2017 - 10:41am | 430Few will fault Walt Disney Co (NYSE: DIS) investors for holding cautious views of the company heading into its fiscal second-quarter earnings report on Tuesday. According to Rosenblatt Securities' Alan Gould, one of the more notable drivers will be the incremental costs at Disney's ESPN...
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Time Warner Deal Remains On Track To Close This Year
Wednesday, May 3, 2017 - 12:59pm | 393Time Warner Inc (NYSE: TWX)'s earnings per share came in above expectations in its first quarter report, but an update surrounding a mega-merger is dominating headlines. Time Warner said it earned $1.66 per share on revenue of $7.7 billion in the first quarter, while analysts were expecting the...
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20% Of Netflix Streaming Content Could Be Self-Produced By Year-End
Friday, April 28, 2017 - 1:15pm | 434Rosenblatt Securities' Alan Gould maintains a Neutral rating and $155 price target on Netflix, Inc. (NASDAQ: NFLX)'s stock after the company announced its entry into China and raised 1.3 billion euros in a debt raise. Debt Raise Netflix raised 1.3 billion euros in a 10-year debt raise at 3.625...
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Netflix's Higher Q2 Subscriber Outlook Offsets Small Q1 Sub Miss
Tuesday, April 18, 2017 - 10:11am | 300Alan Gould of Rosenblatt Securities maintained a Neutral rating on Netflix, Inc. (NASDAQ: NFLX) after the company's first-quarter earnings report in which the streaming video provider added fewer subscribers than expected. According to Gould, Netflix's Q1 subscriber additions were short of...
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As Media Space Consolidates, Lionsgate Well Positioned As Either Predator Or Prey
Wednesday, April 12, 2017 - 10:38am | 331Against the backdrop of a consolidating media industry, Lions Gate Entertainment Corp. (USA) (NYSE: LGF) appears to be “a better de-leveraging story” than Viacom, Inc. (NASDAQ: VIA), Rosenblatt Securities’ Alan Gould said in a report. He added that Lionsgate also seemed “...
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2017 Will Be A 'Reset Year' For Disney
Tuesday, April 4, 2017 - 3:15pm | 369Alan Gould of Rosenblatt Securities initiated coverage of Walt Disney Co (NYSE: DIS) with a Neutral rating and $120 price target, calling 2017 a "reset year" for the company. According to Gould, Disney's earnings managed to grow at a 15 percent compounded annual growth rate since Bob Iger took over...
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Netflix's Studio Margins Will Be Eliminated, Thanks To More Original Self-Produced Content
Thursday, January 19, 2017 - 9:11am | 289Netflix, Inc. (NASDAQ: NFLX) is "building a content moat and amortizing it over a global direct-to-consumer audience,” Brean Capital’s Alan Gould said in a note. He maintained a Buy rating on the company and raised the price target from $145 to $150. The analyst expects Netflix...
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Ahead Of The Report: Can Netflix's Original Content Still Buoy Subscriber Numbers?
Wednesday, January 18, 2017 - 9:15am | 404Although international losses and investment in original content make Netflix, Inc. (NASDAQ: NFLX) shares appear expensive on traditional metrics, Brean Capital’s Alan Gould believes by 2025 the company could have more than 230 million global subscribers generating an average revenue per...
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Lions Gate Operates In The Sweet Spot Of Content Providers
Wednesday, January 11, 2017 - 10:03am | 296Lions Gate Entertainment Corp. (USA) (NYSE: LGF-A) (NYSE: LGF-B) hosted its first ever Investor Day on Tuesday. Although management provided few new numbers, there was optimism regarding strategy, Brean Capital’s Alan Gould said in a report. He maintains a Buy rating on the company, while...
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Hulu Should Help CBS's Chances Of Being Added To DirecTV Now
Thursday, January 5, 2017 - 10:29am | 345Hulu has confirmed that CBS Corporation (NYSE: CBS) would be included in its new streaming service, expected to be launched in the next few months. Brean Capital’s Alan Gould maintains a Buy rating on CBS, with a price target of $75. Discount Unwarranted Gould believes that the company is...
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CBS Is 'Extraordinarily Well Positioned' Ahead Of A Consolidation Wave That Could Boost Multiples
Friday, December 23, 2016 - 10:03am | 506Brean Capital believes CBS Corporation (NYSE: CBS) is “extraordinarily well positioned” to benefit from potential wave of consolidation in the media industry despite its merger talks with Viacom, Inc. (NASDAQ: VIAB) not having materialized. Positives The factors favoring CBS include:...
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Time Warner Downgraded, Arbitrage Discount Related To AT&T Offer Has Shrunk
Friday, December 23, 2016 - 8:45am | 340Brean Capital’s Alan Gould mentioned in a note that the arbitrage discount to the AT&T Inc. (NYSE: T) to acquire Time Warner Inc (NYSE: TWX) has shrunk from the high teens to 12 percent. Gould downgraded the rating on Time Warner from Buy to Hold. The AT&T Deal “We note...
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Fox's Sky Acquisition A Nice 'Combination Of Content And Distribution'
Monday, December 19, 2016 - 12:29pm | 399Brean Capital’s Alan Gould expressed a favorable view of the acquisition of Sky by Twenty-First Century Fox Inc (NASDAQ: FOXA), while mentioning that the stock appeared attractive at the current levels. Gould maintains a Buy rating on the company, with a price target of $33. Lowest Multiple...
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Recent Selloff In Twenty-First Century Fox Shares 'Overdone'; Brean Upgrades To Buy
Wednesday, December 14, 2016 - 9:11am | 360Shares of Twenty-First Century Fox Inc (NASDAQ: FOXA) slid on news of the company reaching a preliminary deal to acquire SKY PLC (ADR) (LON: SKY) (OTC: SKYAY). The selloff appears “overdone,” Brean Capital’s Alan Gould said in a report. He upgraded the rating on the company from...