Monday, January 20, 2020

DISNEY CFO DUCKS QUESTION ABOUT POSSIBLE CARTER WRITE-OFF

March 14, 2012 by · Leave a Comment 

Disney’s chief financial officer is unwilling to join the speculation about how costly John Carter will be to the studio if it bombs as badly as most analysts expect. With numerous predictions that Disney will take a $100-150-million writeoff on the movie (it reportedly cost $250-300 million to produce and market and will therefore need […]

NETFLIX SHARES NOSEDIVE

October 25, 2011 by · Leave a Comment 

Netflix shares plunged 36 percent today (Tuesday), trading at about $75.00 — their lowest level in 18 months. Since the company announced just three months ago that it was instituting a major price increase for subscribers wishing to continue receiving DVDs by mail as well as stream them, $12 billion of its market value has […]

NETFLIX ABORTS QWIKSTER

October 10, 2011 by · Leave a Comment 

Responding to the continuing outcry and subscriber losses resulting from his announced plans to separate Netflix’s streaming and DVDs-by-mail services, Netflix chief Reed Hastings announced today (Monday) that the company had decided to abandon those plans. There will be no Qwikster. Instead, said Hastings in a blog post, “U.S. members will continue to use one […]

“OGRE SATURATION” HITS DREAMWORKS ANIMATION’S SHARES

June 17, 2010 by · Leave a Comment 

Shares of DreamWorks Animation dropped 5 percent in midday trading today (Thursday) to $26.91 after two analysts downgraded the stock and criticized the studio for rushing out two Shrek movies close together. Goldman Sachs analyst Ingrid Chung called it “ogre-saturation” and lowered her estimates for Shrek Forever After to $250 million in its domestic run […]