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Pep Boys - Manny, Moe & Jack Message Board

lagunadan92677 38 posts  |  Last Activity: Feb 26, 2015 2:54 AM Member since: Sep 28, 2005
  • NEW YORK ( TheStreet) -- Starz (STRZA - Get Report) CEO Chris Albrecht spoke of controlling shareholder and media mogul John Malone's growing appreciation for content on Wednesday while hinting on a conference call with investors that a merger with Lions Gate Entertainment (LGF - Get Report) makes sense for both companies.

    "The people who have reported that (Malone) has a growing and new appreciation for content are probably seeing some of the same things that I'm seeing," Albrecht said. "I think that as distribution aligns, it's important for content makers to align -- whether that means companies merge or whether they partner."

    On Wednesday, shares of Starz rose 5.1% to $33.20, extending their advance this year to 12%.

    Lions Gate became a stakeholder in Starz earlier this month when the movie and television production house exchanged shares with Malone, who is chairman of cable company Liberty Global. The tie-up gives Albrecht an opportunity to talk to Lions Gate executives about ways to share in production and distribution, initiatives that could benefit both companies, he said.

    Lions Gate agreed to exchange 3.43% of its stock for 4.51% of Starz shares, held by Malone, whose stake in Starz drops to 6% from 11%.

    "It is certainly possible that combining our efforts could achieve a better result than each of us acting individually," Albrecht said.

    Albrecht stressed that it was too soon to predict what specific actions will follow as a result of the companies' interlocking finances. The parameters of any future deal, he said, will be determined in large part by Malone, who will join Lions Gate's board.

    "I do think that John Malone has an idea in his head and did not do this just because he didn't have anything else to do," Albrecht said.

    The companies have collaborated on past projects and distribution deals, but Albrecht told analysts that since the share exchange was announced, the two companies have been talking more frequently. Lions Gate has been a supplier of Starz' original programming and films to the premium pay TV networks of Starz for many years.

  • lagunadan92677 lagunadan92677 Feb 25, 2015 5:49 AM Flag

    “A ‘Super Show’ episode combines one part of interactive playable content with one part of scripted television style content. Both pieces, when combined together, are what make an actual Super Show ‘episode.’ As we’ve been developing the series, we’re using both mediums in concert to deliver our story. Developing both aspects simultaneously is key to utilizing this new medium. Both parts are first-class citizens during the writing and design process. It’s not an interactive series with a show, or a TV show with a game, but a story integrated in a way that only Telltale can do. For us it’s a very natural evolution of the interactive storytelling expertise we’ve pioneered.”

  • lagunadan92677 lagunadan92677 Feb 25, 2015 5:48 AM Flag

    Hopefully Lionsgate and Telltale have learned a thing or two from companies that have tried to combine game and TV show in the past. There was the SyFy series Defiance, which is still ongoing but the MMO component recently went free-to-play; the Halo TV series that is in some sort of development limbo; and Remedy Entertainment’s Quantum Break, which we still don’t know what to make of. Needless to say, creating a unified universe across several different media can be tricky, and requires full dedication from fans.

    But, if anyone can do it it’s Telltale. Their games are more interactive TV shows than games anyway, and their storytelling skills are unrivaled in the video game space. And now with a sizeable backing from Lionsgate, they should have the resources to expand to bigger and better ideas.

  • When Telltale Games first announced development on a new IP earlier this year, fans were excited. They felt that The Walking Dead and The Wolf Among Us developer had earned enough clout working with established IPs that Telltale deserved a shot at delivering something original. However, we never expected that their new IP would be something this revolutionary and ambitious.

    Earlier today, film studio Lionsgate (The Hunger Games) announced a partnership with Telltale Games on a “super show” that will transcend the boundaries of interactive entertainment. This “new IP” will encompass both game and TV show, with narrative threads drawn between both.

    While details regarding this new IP are still under wraps, we do know that Lionsgate CEO Jon Feltheimer will be joining Telltale Games’ Board of Directors along with, strangely, Electronic Arts CEO John Riccitello. At the same time, Lionsgate has reportedly made a “significant investment” in the Game of Thrones developer.

    So, although the focus for now is on this new IP/super show, Lionsgate and Telltale reportedly plan on developing more new games in the future, in addition to adapting existing properties. It seems practically a given that Telltale will adapt Lionsgate properties, most especially The Hunger Games, but the two studios have nothing to announce yet. That being said, the prospect of going through one of the earlier Hunger Games events could make for an exciting interactive experience.


  • Reply to

    Something I noticed

    by outlawjohnmarston Feb 19, 2015 10:51 AM
    lagunadan92677 lagunadan92677 Feb 20, 2015 5:16 AM Flag

    A few days ago, during a Scottrade Daily Market report, I asked John Jagerson of Learning Markets about his thoughts on the LGF/STRZA stock swap. His impression was LGF + STRZA = Netflix. At this point, I think a merger is more likely than a LGF buyout. After all, DWA has received two buyout offers while LGF has received none.

    On another note, SNE announced during each of their last two ER's that most of it's profit came from entertainment. I couldn't help but think why not buy LGF to enhance their profit? I'm not holding my breath on that one, but with the attention from the Chinese for a piece of LGF, I thought it would be ironic to have a Japanese company swoop in and steal us away. I'll settle for the merger.

  • Reply to

    Dig it

    by outlawjohnmarston Feb 8, 2015 3:24 PM
    lagunadan92677 lagunadan92677 Feb 16, 2015 3:20 PM Flag

    February 15, 2015

    Lionsgate’s The Hunger Games: Mockingjay Part 1 has bested its predecessors in China with a $31.4M estimated gross after eight days. That’s a solid increase on the previous installments in the Middle Kingdom and bodes well for the final episode due later this year, though a China date is not yet set for Part 2. Both 2012’s The Hunger Games and its 2013 sequel Catching Fire did about $28M in China in their lifetimes. Catching Fire, however, was released head-to-head with Gravity, which sucked some air out of its business at the time.

    I hear Mockingjay could go as high as $40M in China. Sunday was a work day in anticipation of the Spring Festival and vacations that kick off later this week, and local films are set to flood the market. It’s estimated the film did about $6M on Saturday and $2M on Sunday.

    The penultimate film in the trilogy is playing in a 3D version specially created for China, always beneficial to the bottom line in this market. Stars also created exclusive materials for Chinese fans, which has also proved to entice audiences. Initially set to release in China back in November, the movie was pushed by local authorities as they sought to ensure box office share before the close of 2014.

    Mockingjay‘s worldwide cume should hit $750M in the next few days; currently it’s $747.1M. It’s expected that the international total will end up between $420M and $430M, which will be a bit shy of Catching Fire’s $440M. However, accounting for currency fluctuations, Mockingjay should still come out on top.

  • lagunadan92677 lagunadan92677 Feb 11, 2015 5:32 PM Flag

    Wunderlich's price target is based on 3-year forward EBIDTA of $950M.

  • Wunderlich maintains buy rating, boosts price target from $37 to $40.

  • lagunadan92677 by lagunadan92677 Feb 11, 2015 3:23 PM Flag

    March 02 Morgan Stanley, San Francisco, California

    March 09 Deutsche Bank, Palm Beach, Florida

    March 10 Piper Jaffray, New York, New York

  • lagunadan92677 by lagunadan92677 Feb 11, 2015 3:03 PM Flag

    It's now 12 noon Pacific: Just heard CNBC state that Burns will be discussing the Malone deal "Coming up". No time mentioned. I'm guessing Fast Money.

  • lagunadan92677 by lagunadan92677 Feb 11, 2015 3:02 PM Flag

    It's now 12 noon Pacific: Just heard CNBC state that Burns will be discussing the Malone deal "Coming up". No time mentioned. I'm guessing Fast Money.

  • lagunadan92677 by lagunadan92677 Feb 11, 2015 3:02 PM Flag

    It's now 12 noon Pacific: Just heard CNBC state that Burns will be discussing the Malone deal "Coming up". No time mentioned. I'm guessing Fast Money.

  • Reply to

    Dig it

    by outlawjohnmarston Feb 8, 2015 3:24 PM
    lagunadan92677 lagunadan92677 Feb 9, 2015 5:04 AM Flag

    Lionsgate’s The Hunger Games: Mockingjay — Part 1 took in nearly $10 million on its first day in China, well ahead of the previous installment in the franchise, Catching Fire. Comparisons between the two films aren’t entirely like for like, however, as Mockingjay opened on a Sunday and Catching Fire on a Thursday.

    Mockingjay has opened on 28 percent of all screens in China, on 2D screens as well as in a 3D version created specially for the China market.

  • Reply to

    I am in at 28.03

    by guitar.dude6 Feb 5, 2015 6:07 PM
    lagunadan92677 lagunadan92677 Feb 6, 2015 2:37 PM Flag

    Oh yes:

    John Wick: Sequel (Great movie, sequel could be as good.)

    Mortdecai: Manageable loss (Tries to hide look of shock on my face.)

  • Reply to

    I am in at 28.03

    by guitar.dude6 Feb 5, 2015 6:07 PM
    lagunadan92677 lagunadan92677 Feb 6, 2015 2:15 PM Flag

    CC not quite what I hoped for. Basically:

    Hunan TV deal: No new details

    Alibaba/LGEW deal: Too early to quantify

    Stock buybacks: Very light previous 6 months (2 qtrs)

    Plans on replacing HG revenue in 2016: No details

    With that in mind, I think we're lucky that the stock is trading flat to slightly down so far today.

  • Reply to

    I am in at 28.03

    by guitar.dude6 Feb 5, 2015 6:07 PM
    lagunadan92677 lagunadan92677 Feb 6, 2015 5:04 AM Flag

    I bought my original positions between $12-$16, but added more AH @ $27.71. Jon & Co. usually have great CC's, filled with future promise. Shareholders are waiting to hear about the purported deal with Hunan TV for $1.5B. It is possible than Jon is waiting for the CC to announce the deal. Also, we may get more detailed information about future revenue from the Alibaba/LGEW deal.

    The main negative will be the decrease in total revenue from last quarter, but that should have been pretty obvious going into the earnings announcement. Still, it will be interesting to hear what spin management puts on revenues, last quarter and forward guidance.

    IMO there is about a 67% of the stock climbing Friday. LGF has recently sold off and having a large short position at this price level could be a good thing. Should LGF announce any deals during the CC, we could see a short squeeze. I'll be listening in at 6AM. GLTA longs.

  • Reply to

    Down over 5% in After Hours

    by bananas500 Feb 5, 2015 4:34 PM
    lagunadan92677 lagunadan92677 Feb 5, 2015 5:36 PM Flag

    The negative is that traders prefer rising earnings based on rising revenue. Reducing costs is always good, but it's not a replacement for revenue.

    The positive is that Jon & Mike usually know what to say during CC's. Tomorrow morning we might find out about this $1.5B deal from China. It would also be nice if they could monetize the Alibaba deal. I'm sure we're all curious just how much revenue we can expect from LGEW.

    In any case, I couldn't resist picking up 600+ more shares @ $27.71 AH.

  • lagunadan92677 lagunadan92677 Feb 5, 2015 11:43 AM Flag

    According to Yahoo, earnings estimates have been steadily declining from .73 to .71, .71 to .69, .69 to .66 & .66 to .64, possibly reflecting initial disappointment in MJ1's box office. Now we're back to .70 according to Zack's? Most likely analysts were too quick to discount their initial estimates.

  • lagunadan92677 lagunadan92677 Jan 30, 2015 2:26 PM Flag

    I'm not sure why the market was slow to react, possibly because the deal isn't final yet, but I picked up some cheap shares today.

  • lagunadan92677 by lagunadan92677 Jan 30, 2015 9:25 AM Flag

    Craig Ferguson intends to step up production activity as his Green Mountain West production banner under an overall deal inked with Lionsgate Television.

    Pact calls for Green Mountain to develop scripted and unscripted series for the studio. Green Mountain had been based at CBS, where it fielded a range of development projects. Ferguson’s “Late Late Show” producer Michael Naidus will work with the company on projects, along with Green Mountain prexy Phil Cottone. Ferguson may wind up writing, directing or acting in various projects.

    “Craig is one of the most creative minds in comedy, and we’re extremely proud that he’s chosen Lionsgate as his home for this next chapter in his remarkable career,” said Lionsgate TV Group chairman Kevin Beggs. “We’re looking forward to creating great television together.”

    Ferguson’s overall deal with Lionsgate has been in the works even as he pursued a deal for a syndicated talkshow with Tribune Broadcasting and Lionsgate’s Debmar-Mercury distribution unit. Tribune’s major-market stations committed to an early-evening half-hour hosted by Ferguson, but the plan for a national launch in the fall was tabled earlier this month amid resistance from other crucial station owners including the Sinclair Broadcast Group.

    Debmar-Mercury also distribs the syndicated gameshow “Celebrity Name Game,” which Ferguson hosts. The FremantleMedia North America strip is in the midst of its first season and has been renewed for a sophomore round in 2015-16.

9.24-0.07(-0.75%)11:59 AMEST

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