News Corp SPIKES 2.4% with 3 Media Titans Making Waves
Netflix, Inc. (NASDAQ:NFLX): The company will begin a multi-year deal with Telefilms, a Latin American movie distributor, which will allow Hunger Games and other new films to be streamed in the region. Netflix currently possesses more than 1M Latin American subs. After the company’s international sub guidance was weaker than expected in April, shares of Netflix were hammered. The company was also warned that its international ops will take no less than 8 quarters to “reach sustained profits.”
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Comcast Corporation (NASDAQ:CMCSA): In Italy, Universal Pictures has gained distribution rights to The Hunger Games: Catching Fire, which will be the next film in the Lionsgate (NYSE:LGF) Hunger Games franchise. The first installment, the original Hunger Games film, has already earned nearly $400M at North America’s box office and reaches nearly $650M worldwide, and the nationwide launch in China will occur this week.
DIRECTV, Inc. (NASDAQ:DTV): DirectTV’s CEO revealed that the company could possibly deploy technology enabling its subscribers to skip TV advertising.
News Corp. (NASDAQ:NWSA): Financial Times reports that before the Leveson inquiry, Former U.K. Prime Minister John Major testified that prior to the 1997 election, Rupert Murdoch threatened that if the Conservative government refused to change its policy on Europe, it would lose any support from News International papers.
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