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Fly News Breaks for February 21, 2018
Feb 21, 2018 | 08:18 EDT
BMO Capital analyst Daniel Salmon lowers his price target on CBS (CBS) to $70 and kept his Outperform rating. Salmon says that while Q4 results showed a solid performance in affiliate fees and licensing deals, along with growth in direct-to-consumer offerings", the overhang from the potential Viacom (VIAB) deal continues to weigh on the stock. Longer term, the analyst believes that CBS remains uniquely positioned in media as it diversifies away from ad revenue to more recurring fee streams just as its content, licensing and syndication opportunities continue to grow.
News For CBS;VIAB From the Last 2 Days
Aug 17, 2018 | 11:19 EDT
The major release opening this week is Warner Bros. (T) romantic comedy "Crazy Rich Asians," which has already brought in $8.77M since debuting on Wednesday and is anticipated to win the weekend at the box office with a domestic gross of $25M-$27M. Also out this weekend is STX Films' "Mile 22," an action thriller starring Mark Wahlberg. The film is expected to come in third place with a roughly $16M domestic gross, behind Warner Bros.' sci-fi thriller "The Meg," which won at the box office last weekend. In its second weekend, "The Meg" is anticipated to come in second place with a domestic gross of about $20M. Rounding out the weekend are Paramount's (VIAB) "Mission Impossible - Fallout," which is seen to bring in about $12.2M, and Focus Features' (CMCSA) "BlacKkKlansman," which is expected to gross about $7.6M in its second weekend. Other publicly traded companies in filmmaking include 21st Century Fox (FOXA), Lionsgate (LGF.A), Sony (SNE), and Disney (DIS).
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