AMC has given a straight to series pickup to “Broke,” a drama from Clyde Phillips about two troubled friends who open a restaurant.
AMC has ordered 10 episodes of the series, targeted for debut next year. Project is based on the Danish series “Bankerot.” Lionsgate TV and AMC Studios are co-producing the project, to be exec produced by Phillips, Henrik Ruben Genz, Malene Blenkov and Piv Bernth.
“Broke” revolves around a talented chef who is in trouble with the mob and a recently widowed sommelier who is raising his teenage son. The two decide to pursue their longtime dream of opening a restaurant together despite their many personal trials.
Phillips is coming off of Showtime’s “Nurse Jackie,” which he steered as showrunner for its final three seasons. He was also a driving force behind Showtime’s “Dexter.”
“Clyde Phillips is a supremely talented creator we’ve known and admired for years,” said AMC president Charlie Collier. “Clyde has repeatedly demonstrated his skill for crafting complex, flawed, yet irresistible characters, and we’re looking forward to him bringing his continued brilliance to ‘Broke.’ We’re also so happy to be partnering once again with our good friends at Lionsgate after the extraordinary journey we shared on ‘Mad Men.’ ”
March 4, 2015
NEW YORK AND LOS ANGELES – Debmar-Mercury and the FOX Television Stations today announced that FOX, which operates one of the nation’s largest owned-and-operated network broadcast groups, has acquired Comedy Central’s highly popular “Tosh.0” starting in fall 2015.
The clip/sketch comedy series, known as cable TV’s most trusted source for all things Web, will air on FOX stations in New York, Los Angeles, Chicago, San Francisco, Dallas, Washington, D.C., Houston, Charlotte and Minneapolis.
Reruns of the long-running and widely popular weekly clip/sketch comedy series feature the piercing humor and biting commentary of comedian Daniel Tosh. More than 120 episodes will be available for syndication to broadcast stations nationally as a late night strip or stacked on weekends.
Since June 8th, volume has been average at best. Certainly not all of the volume was short covering. Days to cover for shorts was approx. 10-11 days. It seems to me that if LGF can clear $38 VERY soon (Monday is suitable for me), we could see this rally continue awhile longer as remaining shorts panic. IMO
I began selling some of my extra shares but still am long 7200+ shs.
Learning Markets does the Daily Market Commentary and it's free with Scottrade. They take questions during the second half which are usually chart related.
Vin Diesel’s upcoming sword-and-sorcery adventure, The Last Witch Hunter, is apparently conjuring so many good feelings with Lionsgate Entertainment, that they’re already green lighting a sequel.
The word comes from Diesel himself, who broke the news to his fans earlier today. In his announcement, Diesel also seemingly revealed that Liongate has hopes for a multi-picture franchise surrounding The Last Witch Hunter's world. Referred to as “The Axe and Cross franchise,” by Diesel, it sounds like Lionsgate has plenty of Witch Hunter films ready to go.
Directed by Brek Eisner, The Last Witch Hunter follows Kaulder (Diesel), an immortal witch hunter who must strike down ancient, evil, witches in modern times. The film also stars Elijah Wood, Rose Leslie, and Michael Caine. It hits theaters on October 23.
I recently received an opinion from Wade Hansen of Learning Markets (Courtesy of Scottrade):
AFTER getting through resistance between $37.81 & $38.00, he sees a possible target of $45. Due to the steep trajectory of the current climb, it is very possible that LGF will blow through $38 in short order, otherwise a longer consolidation could occur (Below $38) which is more common.
Take it for what it's worth, but I wouldn't sell below $40.
Lions Gate Entertainment Corporation (NYSE:LGF) has shown a drop of 4.8% or 746,122 shares in the short positions. The bets have increased to 14,651,122 shares on May 29,2015 from 15,397,244 shares on May 15,2015. With respect to the floated shares, the shorts are 10.5%. The counters days to cover are calculated to be 11, using the standard per day volume of 1,331,540 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 8th.
I expect BP to be a strong buy around $39 & $40 for longs:
1) Oil is expected to be higher by the end of the year.
2) Deepwater Horizon payments will stop soon (June 8, 2015 filing deadline) and will begin to be anniversaried out of earnings (Higher earnings ahead).
Last day for filing damage claims due to Deepwater Horizon accident. I'm looking ahead at the next 12 months and am buying more shares now:
"The deadline to file a claim for economic loss resulting from the BP Deepwater Horizon disaster is June 8.
Since opening on June 4, 2012, the Court Supervised Settlement Program has paid nearly $5 billion to more than 62,000 Gulf Coast businesses and residents.
Businesses in Southwest Florida that haven’t filed a claim could be eligible for economic loss compensation, even though the oil rig explosion and resulting spill never marred area beaches."
I assume StudioCanal has all the foreign rights. These British stop-motion films were huge a while back. I hope LGF management has an adequate marketing plan for this movie in the U.S.
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.