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BTIG's Greenfield: Comcast Buying DreamWorks Is A 'Mistake'
Thursday, April 28, 2016 - 10:25am | 416Read More...Comcast Corporation (NASDAQ: CMCSA) has agreed to purchase Dreamworks Animation Skg Inc (NASDAQ: DWA) for $3.8 billion. BTIG’s Richard Greenfield termed the purchase a “mistake.” While $3 billion in cash is relatively meaningless for Comcast, it reflects the company’s...
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What To Make Of The Viacom-DISH Network Expiration
Wednesday, April 20, 2016 - 1:20pm | 646Read More...Unlike previously believed, the programming agreement between Viacom, Inc. (NASDAQ: VIAB) and DISH Network Corp (NASDAQ: DISH) expires Wednesday at midnight. While Viacom's website states the deal is seven years old with an initial expiration date for January 2016, analysts at BTIG were under the...
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BTIG Downgrades Twenty-First Century Fox Amid Broader Media Concern
Thursday, March 17, 2016 - 10:01am | 303Read More...BTIG’s Richard Greenfield downgraded the rating on Twenty-First Century Fox Inc (NASDAQ: FOXA) from Buy to Neutral. Shrinking Bundles Greenfield believes that multichannel video bundles would inevitably shrink going forward. While FOX broadcast network was likely to be included in a...
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FBR, BTIG Weigh In On Netflix After Stock Split
Monday, June 29, 2015 - 11:25am | 507Read More...Video streaming giant Netflix, Inc. (NASDAQ: NFLX) made headlines this week when the company announced it will split its stock seven-to-one, effective July 15. The company’s stock has shot up approximately 95 percent so far this year, almost reaching $700 a share. The stock split will make...
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BTIG Analyst Explains Disney Downgrade
Monday, March 16, 2015 - 2:43pm | 452Read More...BTIG Research downgraded Walt Disney Co (NYSE: DIS) from Buy to Neutral on Monday. However, shares of Walt Disney were trading higher, as its latest release "Cinderella" had a bumper collection over the weekend. BTIG's Richard Greenfield was on CNBC to explain the reasons...
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BTIG Analyst Richard Greenfield Explains Why He Thinks Zynga's CEO Don Mattrick Must Go
Tuesday, February 17, 2015 - 8:20am | 336Read More...Gaming company Zynga Inc (NASDAQ: ZNGA) reported disappointing fourth-quarter earnings on Thursday. Following the report, BTIG analyst Richard Greenfield wrote a blog post in which he criticized the management of the company and suggested that the company’s CEO, Don Mattrick, must go....
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Richard Greenfield Says TV Stays The Same, Viewer Preference Changes: Netflix Reinvents The Game
Wednesday, January 21, 2015 - 4:35pm | 393Read More...Netflix, Inc. (NASDAQ: NFLX) came out with spectacular fourth-quarter results on Tuesday. Richard Greenfield, BTIG analyst, was on CNBC Wednesday to discuss what is making Netflix succeed. “There’s just a real challenge that media space has. The traditional media companies have been...
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BTIG Downgrades Time Warner Cable, Cites Falling Confidence In Comcast Deal
Thursday, December 18, 2014 - 10:17am | 153Read More...In a note to clients on Thursday, Richard Greenfield of BTIG downgraded shares of Time Warner Cable Inc (NYSE: TWC) to Neutral from Buy, while no longer issuing a price target. “One year ago, as speculation over Charter Communications' interest in Time Warner Cable grew, we wrote that Time Warner...
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UPDATE: BTIG Upgrades Netflix
Monday, October 13, 2014 - 5:07pm | 210Read More...BTIG upgraded Netflix, Inc. (NASDAQ: NFLX) on Monday from Neutral to Buy with a $600 price target. Analysts Richard Greenfield and Brandon Ross acknowledged their September 2013 downgrade "was clearly a mistake" and they now expect 100 million worldwide subscribers by 2017. The new...
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BTIG Downgrades Viacom And Discovery Communications
Wednesday, June 25, 2014 - 10:41am | 82Read More...In blog post published Wednesday, BTIG analyst Richard Greenfield downgraded shares of Viacom (NASDAQ: VIAB) and Discovery Communications (NASDAQ: DISCA) and removed his price target on both companies. Greenfield updated his model and provided the following EPS estimates: Viacom EPS: 2014E...
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Netflix Customers Stream 103 Minutes Daily
Tuesday, May 20, 2014 - 1:03pm | 194Read More...Netflix (NASDAQ: NFLX) streamed 6.5 billion hours (271 million days) of content to subscribers during the first quarter, two billion of which was streamed during January. Traders, as expected, are responding positively to the record high volume. Analyst Richard Greenfield of BTIG gave his...
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Dish and Disney Arguing, But Not Over Money
Monday, November 4, 2013 - 9:39am | 565Read More...Here we go again, right? A content producer and a content provider are trying to hammer out a distribution deal and it’s not going well. Cue the flashbacks to the CBS (NYSE: CBS) and Time Warner Cable (NYSE: TWC) drama that dragged on much of the summer complete with nasty open letters,...
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UPDATE: BTIG Research Upgrades Facebook on Positive Outlook
Wednesday, October 30, 2013 - 8:58am | 108Read More...In a report published Wednesday, BTIG Research analyst Richard Greenfield upgraded the rating on Facebook (NASDAQ: FB) from Neutral to Buy, and named a $68.00 price target. In the report, BTIG Research noted, “We are upgrading Facebook to BUY from Neutral. Our upgrade is based on the view that...
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UPDATE: BTIG Research Upgrades 21st Century Fox on Multiple Positive Factors
Friday, October 18, 2013 - 12:14pm | 96Read More...In a report published Friday, BTIG Research analyst Richard Greenfield upgraded the rating on 21st Century Fox (NASDAQ: FOXA) from Neutral to Buy, and named a $40.00 price target. In the report, BTIG Research noted, “We are upgrading 21st Century to BUY from Neutral and establishing a $40 price...
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UPDATE: BTIG Downgrades News Corp. on Stocks Exceeding PT
Wednesday, June 19, 2013 - 9:26am | 144Read More...In a report published on Wednesday, BTIG analyst Richard Greenfield downgraded News Corp. (NASDAQ: NWS) and News Corp. (NASDAQ: NWSA) from Buy to Neutral and removed the price targets on the companies. In the report, BTIG stated, "We are downgrading NWSA and NWS shares to Neutral from BUY, as...
