3 Media Stocks In Focus: Dish Trades Sprint for Debt, Time Warner Soars on Superman’s Cape, and Netflix Promises More ‘Grove’
Dish Network (NASDAQ:DISH): In light of abandoning its bid on Sprint (NYSE:S), Dish Network has decided to redeem $2.6 billion worth of debt, indicated by the company’s recent 8-K filing. The redemption covers outstanding 5 percent Senior Notes due in 2017, and all of its outstanding 6.25 percent Senior Notes due in 2023.
Time Warner (NYSE:TWX): Man of Steel has found rousing success in China, taking in 80 percent of the nation’s box office on Thursday to pull in 36 million yuan, or about $5.86 million. Good news for IMAX (NASDAQ:IMAX), and better news for Time Warner as the film’s success sets the stage for future action flicks in the most populous nation.
Netflix (NASDAQ:NFLX): Despite lukewarm reviews and far less hype than that of Arrested Development and House of Cards, Netflix’s original horror show Hemlock Grove will return in 2014, after its 13-episode debut season. Producer Eli Roth says fan response has been “phenomenal” Chic Eglee of The Walking Dead and Dexter fame will also be an executive producer for season two.
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