At the tender age of 10, the Airbus A380 is already entering a mid-life crisis.
The double-decker aircraft has failed to win a single order from any new airline customer for two years now, and senior management was forced to come to the airliner’s defense in December after the planemaker’s parent introduced the possibility of axing the A380 outright. As the mid point of the year approaches, the plane has yet again drawn a blank on deals.
It’s a far cry from the jubilations in 2005, when the giant airliner took off for the first time, hailed as the star of 21st century aviation. Airbus said the A380, certified to carry as many as 853 passengers, would push arch-rival Boeing Co. out of the monopoly on jumbo jets it held for decades and herald a new dawn of travel, pairing ultra-luxury with mass transport while alleviating the strain on congested airports.
A merger with STRZA is more realistic than a buyout, at least in the near future. Any long would love a buyout, including myself, but that could be further down the road. In my experience of trading for 35 years, most often buyouts in a sector occur like dominos. As soon as someone gets bought out, competitors feels the pressure to do the same. That's why I was rooting for DWA to get bought out, but two bidders failed to do so.
Russia's ban should result in at least a small boost in domestic box office. The boost could be more depending on the amount of media coverage.
Current stock ownership:
Michael Burns 1,604,139 shs
Jon Feltheimer 1,390,925 shs
Feltheimer has sold 1M shares, through automatc sales (4 blocks of 250,000), from September 2014 through April 2015.
Burns didn't sell any unusually large blocks during the same period.
I was reading headlines when I wrote the message, but Cramer stated so on CNBC. I haven't found specifics yet and I'm not sure how quick Yahoo updates it's data.
It didn't seem to make sense to me at first, but after thinking about it, it seems the best way to dispose of 10M shares. Considering LGF's low float and daily trading average of 1M shares, selling 10M on the open market would be like pushing the stock price over a cliff. Rachesky gets a better price for his shares to pursue the Hawks and LGF's share price doesn't suffer from a free fall.
LGF also lowered guidance, which concerns me more.
I think most on here know about Malone and the Braves since this subject was already discussed in another thread. Should Rachesky succeed in buying the Hawks, it would certainly cement the bond between Rachesky & Malone. As previously discussed, it was Malone that encouraged Rachesky to make the bid in the first place.
IMO, there are no negatives regarding LGF should Rachesky succeed. At the very least there will be some free advertising as "Owner" Rachesky is often referred to as a majority shareholder of LGF. A strong bond between Rachesky and Malone can only lead to good things in LGF's future.
Wanna posted an interesting link in StockTwits about John Malone. Yahoo won't let me post the same link, but you can Google malones-CBS-play-and-deals-to-watch. Nothing really new but it's always good when possible deals involving LGF are being discussed.
I have to agree. IMO, "Lionsgate Premiere" should be used much like "Sony Classics". In other words, a label for "Art house" or potential award winning movies. Another name should be used for "B" movies, maybe "POP Entertainment"?
Interview was short and predictable. Michael was asked if Lionsgate is disappointed with Insurgent. (Do I really have to tell you his answer?) They also reviewed deals with Hunan TV & Alibaba. Michael talked about the importance of China and briefly mentioned a recent discussion with Jack Ma. (No details but definitely a tease.)
Apparently, John Malone's stock swap has been approved and will proceed very soon. Michael talked about Malone being LGF's top pick.
Not a lot of new things discussed, yet the stock spiked during the interview. (See the 2nd spike on the chart.)
Actually, game shows are one of the most profitable programs, along with talk shows, news programs and reality shows.
If you read the article, Family Feud is tops with women 25-54. Senior citizens might watch, but they're not the only ones.
For years, the highest rated game shows have been Wheel of Fortune and Jeopardy, in that order. A lot of their success can be attributed to their familiar hosts, Pat Sajak (and to a certain degree, Vanna White) and Alex Trebek, whose popularity is also aided by SNL‘s “Celebrity Jeopardy” sketches, despite his not appearing in them. But another mocked-on-SNL game show host is coming for their crown, and he’s got a good chance of catching up to them. That would be Steve Harvey and Family Feud, which may soon become America’s most popular game show.
According to Nielsen estimates for the week ending Feb. 22, Family Feud continued its scorching season by matching its all-time high household rating (7.2), first set three weeks earlier. The Steve Harvey-hosted game show, distributed by Debmar-Mercury and from producer FremantleMedia North America, was up 11% vs. the previous week and 26% higher than the same frame a year ago.
Season-to-date, Family Feud is averaging a 6.2 household rating and is up in that category and most other demos by about 20%. For the first time, it also ranks as syndication’s top-rated game show in women 25-54, moving ahead of Wheel of Fortune.
Lionsgate chairman Jon Feltheimer will be at Wednesday’s press event in China along with co-COO Brian Goldsmith.
Lionsgate to Get $375 Million in Production Financing From China’s Hunan TV - Variety
China’s powerhouse broadcaster Hunan TV plans to give Lionsgate $375 million in production funding, in a deal that would represent the largest Chinese investment in Hollywood filmmaking to date.
Sources close to the transaction said the agreement will be formalized next week and announced Wednesday in a press conference in Changsha.
Hunan TV and Broadcast Intermediary, one of China’s largest and most forward-looking broadcasters, first signaled talks between the two companies in January in a regulatory filing with the Shenzhen Stock Exchange.
The deal is expected to see Hunan TV provide a quarter of the $1.5 billion film production costs incurred by Lionsgate Films over the next three years. The Santa Monica-based studio’s major franchises, including “Hunger Games” and “Divergent,” are likely to be excluded from the pact.
The biggest Chinese investment to date in U.S. entertainment was in the exhibition business with Dalian Wanda’s 2012 acquisition of AMC Entertainment for $2.6 billion.
Hunan TV is China’s top provincial broadcaster, and has a nearly nationwide footprint thanks to satellite distribution. It grew to become the second most watched station in the country, after CCTV1, due to the success of its “Pop Idol” adaptation, “Super Girl” and a Chinese version of “Ugly Betty.”
The Hunan TV-Lionsgate deal includes cooperation between the two firms for Chinese co-productions and distribution of Hunan’s Chinese-language films outside the U.S.
“It’s hard putting companies together,” he said. “There has to be really good reasons. You have to think these things through… The conversations we have with Lionsgate will cast some light on what the extent of the relationship can or should be.”