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Lions Gate Entertainment Corp. Message Board

  • wanna_million wanna_million May 12, 2014 9:59 PM Flag

    Media Acquisition Buzz

    RE: AMCX

    Albert Fried & Company maintained an Overweight rating on AMC Networks (NASDAQ: AMCX) with a price target of $97. Analyst Rich Tullo called today's decline "market dislocation." He also thinks the company is an increasingly attractive takeover target at these levels.

    "We are amazed as we talk to some managers that thought AMC was an acquisition target at $75 but now think AMC won’t be acquired? Our view is today’s share drop is disconnected with the reality of the earnings report which as strong on virtually all measures," said Tullo.

    Tullo listed a number of potential strategic industry partners, including VIACOM (NASDAQ: VIAB), CBS (NYSE: CBS), Netflix, Inc. (NASDAQ: NFLX) and Walt Disney (NYSE: DIS).

    "Viacom (VIAB, NC) – Viacom has limited exposure in basic tier Original Content Cable TV and AMCx’s millennial facing programming on IFC and AMC may benefit from VIA’s MTV franchises.
    CBS (NC) – CBS has limited exposure to Cable TV and has nibbled around the edges by making an investment with Mark Cuban but AMC works at CBS’s scale. We think the programming and syndication synergies between CBS and AMAX are strong especially as leverage can be applied to MVPD’s as well as now streaming content buyers. If CBS buys AMC CBS can leverage shows like Under the Dome as well as the Walking Dead in the growing streaming window. We also think CBS can capture international synergies via Chello Media.
    Netflix (NC)- We have long argued Netflix benefits from AMCX’s strong FCF capacity and Original Content library and pipeline.
    Disney (NC)- While ABC is a stronger broadcast network but its content is limits ABC’s ability to target High Net Worth and Millennial Demographics. The Disney Channels are doing well but we think there are synergies between Disney Studios and key AMC franchises such as the Walking Dead," said Tullo.
    For an analyst ratings summary and ratings history on AMC Networks click here. For more ratings news on AMC Networks click here.

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    • The BeFit multi-channel network recently added new channel partners, increasing the network's reach to two million subscribers. Building on the innovative programming from partners such as Scott Herman, network newcomers include fitness expert Courtney Prather, dance expert Sydney Benner, Yoga expert Kino MacGregor and The Booty Barre founder Tracey Mallett.

      "BeFit is at the pinnacle of online fitness and we are poised to continue our growth with the addition of new channels and transformational original content. The way people consume fitness content is rapidly evolving and we are at the forefront of that evolution," said Kajsa Vikman, SVP of Marketing and General Manager of BeFit. "Our mission is to provide 'Workouts that Work,' available to everyone, anywhere at any time."

      BeFit is committed to providing complete fitness solutions to its mostly female audience. As such, BeFit uses many tools to connect with their highly engaged users such as Facebook, Instagram and Pinterest and most recently launched a bi-weekly newsletter to people who sign up on the website.

      Adding to the popular "30-Day Fitness" series, which has received 10 million views on YouTube to date since its launch, BeFit continues to create original programs for the growing audience of online fitness consumers. New programs recently added to the channel include "BeFit Beginner's Yoga" with Kino MacGregor, an introductory Yoga course that includes a robust mix of all the core poses, and "BeFit Bikini Body Pilates" with YouTube star and fitness blogger Cassey Ho, a fat-burning and target-toning Pilates series that tones your arms, legs, butt and abs.

20.94+0.83(+4.13%)Jun 29 4:01 PMEDT