ANALYSTS SUSPECT NETFLIX SHARES WILL CONTINUE TO FALL

With some analysts saying that Netflix stock had entered bargain territory following its 36-percent nosedive on Tuesday, the price of the stock appeared to stabilize today (Wednesday), closing at $79.40, up 2.62 percent from Tuesday’s close at $77.37. But other analysts warned that even at that price, the stock was overpriced — particularly when the […]

TIME WARNER CHIEF: NETFLIX IS NO THREAT

Time Warner chief Jeff Bewkes insisted on Wednesday that Netflix does not pose a threat to traditional broadcast and cable outlets — and that he has seen little evidence that Netflix subscribers are “cutting the cord.” During a conference call with analysts and investors, Bewkes observed that there are only about 4 million households in […]

DID NBC REJECT CRITICAL STORY ABOUT ITS CO-OWNER?

NBC News is being taken to task for failing to mention on its nightly newscast the disclosure that General Electric, which earned $14.2 billion in worldwide profits last year ($5.1 million in the U.S.), paid nothing in federal taxes. Late-night talk-show host Jon Stewart was all over the omission earlier this week, and the Washington […]

IGER WON’T DELAY DISNEY DVD DISCS TO REDBOX, NETFLIX

Disney CEO Robert Iger has revealed that competing studios were able to persuade Redbox and Netflix to delay renting DVDs of their movies for 28 days after they were released by offering them huge discounts on the discs. Speaking at a Goldman Sachs investors conference in New York, Iger says that Disney focuses on making […]

WEINSTEIN CLAIMS TWC IS OUT FROM UNDER STAGGERING DEBT

Harvey Weinstein has told TheWrap.com that famed Wall Street attorney H. Rodgin Cohen has engineered a deal that virtually frees The Weinstein Co. from its $450-million debt and with a new operating facility that “gives us the wherewithal to continue.” Under the deal, Ambac Financial Group will pay Goldman Sachs and Assured Guaranty $115 million […]

“OGRE SATURATION” HITS DREAMWORKS ANIMATION’S SHARES

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 […]