Burns said no buybacks for 3 days after ER, which I presume means mgmt can restart buybacks on Wednesday. Approval of 250 million for buybacks doesn't mean there is 250 million already set aside, but that 250 million has been approved over a set period of time.
Hopefully, mgmt will use available cash for buybacks wisely. IMO, they owe us big time.
According to CNBC. Why doesn't Apple put some of that money to good use? I'd suggest getting in the content business. For example: Hulu + Lionsgate = Netflix' worst nightmare as Netflix has to buy it's "Original" content. Hulu + Lionsgate could be bought for under $15 Billlion and you'd have a streaming service that creates it's own content.
China's Dalian Wanda Group will buy a controlling stake in Hollywood film studio Legendary Entertainment in a deal valued at $3.5bn (£2.4bn).
The announcement, made at a press conference by both firms in Beijing, comes after a week of rumours about a possible deal.
Wanda is the world's biggest movie theatre operator with a majority stake in the US chain AMC.
The rapidly growing group is led by China's richest man Wang Jianlin.
Mr Wang has been looking to buy a Hollywood studio for several years and was reported to be in talks with DreamWorks Animation last year, but a deal was not announced.
Legendary is the maker of blockbuster hits such as Jurassic World, the Dark Knight Batman trilogy and Godzilla.
Chairman and chief executive Thomas Tull, who also started the company, will remain as the head of the studio.
Liberty Media Corp. plans to carve up its assets into three tracking stocks in an effort to raise capital and better highlight the performance of Sirius XM Satellite Radio and other interests.
Liberty plans to reclassify shares of Liberty Media into three tracking stock groups: Liberty Sirius Group, Liberty Braves Group and Liberty Media Group. The tracking stocks are expected to launch in the first half of next year, subject to Liberty Media shareholder approval.
Search for the article from Variety
Panic from the ignorant creates a buying opportunity for the rest of us. As j0ndalar posted, there will not be any dilution of shares.
Le Vision Pictures USA will distribute Lionsgate’s upcoming fantasy epic Gods of Egypt, starring Gerard Butler, in China. The companies previously partnered on the release of The Expendables 3, which grossed $72.9 million in China last year thanks in part to Le Vision’s innovative “Internet-plus” marketing strategy. Zhang explained the tactic at the launch event with a charming illustration of how The Expendables 2 reached out to young men online to convince them to purchase tickets for their fathers (the Expendables franchise’s target demographic around the world) and timed the release to China’s Mid-Autumn Festival in order to turn the movie into a family event.
“We noticed how effective you are at marketing to mass and particularly young adult audiences,” said Lionsgate COO Brian Goldsmith to Zhang during a brief onstage conversation. The respective successes of the two studios’ youth-skewing series (The Hunger Games and Divergent for Lionsgate, Tiny Times for Le Vision) make them two studios logical partners for “bringing Chinese youth IP to the world,” said Zhang, adding that Lionsgate and Le Vision will announce a couple more titles in the future.
LONDON — Lionsgate has acquired U.S. rights to the animated 3-D family adventure film “Robinson Crusoe” from European studio Studiocanal.
The movie will be released wide Stateside by Lionsgate’s Summit Entertainment label in mid-2016, following Studiocanal’s European release.
The pic tells Crusoe’s story from the point of view of his quirky companions, including his parrot Tuesday, who dreams of exploring the world. It is directed by Ben Stassen and Vincent Kesteloot, and is produced by nWave Pictures.
The deal follows Lionsgate’s acquisition last week of U.S. rights to Studiocanal’s thrillers “The Commuter,” starring Liam Neeson, and “Our Kind of Traitor,” starring Ewan McGregor.