The Zacks Analyst Blog Highlights: DreamWorks Animation SKG, Wal-Mart Stores, Viacom, Sony and Time Warner
For Immediate Release
Chicago, IL – April 19, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include DreamWorks Animation SKG Inc. ( DWA), Wal-Mart Stores Inc. ( WMT), Viacom Inc. ( VIA), Sony Corporation ( SNE) and Time Warner Inc. ( TWX).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday’s Analyst Blog:
DreamWorks Joins Walmart
California-based American animation studio DreamWorks Animation SKG Inc. ( DWA) has joined retail giant Wal-Mart Stores Inc. ( WMT) as its sixth major partner for its disc-to digital service, thereby providing digital access to DreamWorks movies.
Walmart teamed up with five major Hollywood studios, as announced in mid-March, to provide an in-store service to allow consumers to convert DVDs and Blu-ray discs into digital movies. The studios include Viacom Inc.’s ( VIA) Paramount Home Media Distribution, Sony Corporation’s ( SNE) Sony Pictures Home Entertainment and Time Warner Inc.’s ( TWX) Warner Bros.
The company uses its Vudu video-streaming service to convert the discs to digital service through the movie industry’s UltraViolet technology. The UltraViolet system, launched by Warner Bros., allows consumers to watch movies on multiple devices including televisions, tablets, smartphones, gaming consoles and more.
Walmart offers this service at 3,500 of its stores at only $2 for the conversion of standard DVDs and Blu-ray discs and $5 for any upgradation of standard DVDs to High-Definition.
People can now receive digital copies of their previously-purchased DVDs or Blu-ray discs from any of the six participating movie studios and permanently access them on Walmart's Vudu online streaming service which works on UltraViolet platform. However, The Walt Disney Co. does not operate on UltraViolet technology and thus Wal-Mart’s offer does not apply for Disney or Pixar movies.
We believe this initiative is expected to boost Walmart’s lackluster movie sales which have been declining due to the presence of other forms of entertainment and online alternatives. With the digital access, customers are now able to reconnect with movies anywhere on a variety of new devices. In addition, Walmart will attract more movie fans with its wider collection after the addition of DreamWorks movies like Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon.
Walmart holds a Zacks #3 Rank implying a short-term Hold rating. Over the long term, we provide a Neutral recommendation on the stock.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
Read the analyst report on DWA
Read the analyst report on WMT
Read the analyst report on VIA
Read the analyst report on SNE
Read the analyst report on TWX
More From Zacks.com
