Telefonica’s market share of net additions in Mexico dropped significantly in Q3 to 24% from its recent run rate of over 30%. If the company continued at this market share level it would not be successful at reaching its goal of 23% market share of total subscribers by the end of 2010. We therefore believe…
Yesterday afternoon at the Monaco Media Forum, we had the opportunity to talk with News Corp.’s James Murdoch, who oversees the company’s European and Asian operations. The discussion touches on Murdoch’s view of newspapers today, the importance of India, the need for News Corp. to expand its distribution footprint (to diversify further away from advertising),…
Following up our 10/20/08 blog post on initial Shrek the Musical ticket sales (Click here), we conducted another round of checks to gauge how ticket sales have progressed over the past month (see table below for comparison of our 10/20/08 results versus our 11/12/08 results). We conducted a screen of the same four dates, searching for…
The combination of continued declines in National Amusements (NAI) public holdings (CBS, VIA’B, MWY and WMS) and unfriendly credit markets is forcing NAI to take action. Based on our $500 mm valuation for NAI’s theater chain and underlying land (NAI believes this value is substantially higher), we believe NAI’s after tax asset value is only…
Vivo reported impressive results this morning in which EBITDA of R$1.3 billion was R$400 million above our estimate on higher ARPU and lower operating expenses. EBITDA margin was an impressive 36% versus our 26% estimate. Click here for a table that details actual results versus our estimates.
Bonus Trailer: Just released Monster vs. Aliens trailer embedded below While it is incredibly early in Madagascar 2’s international theatrical run, with Russia the only major territory launched, the early results are simply too large to ignore. Madagascar 2 has generated $29 mm in Russia/Ukraine in only six days (weekend total was $18 mm). What…
Update: Disney Launched the promo at 5 pm EST (click here) Update2: Disney’s web page for the promo launhces (click here) We believe Disney is set to unveil one of its most significant and widely-available Walt Disney World (WDW) discounts at the same time that Disney management is discussing fiscal (Sept.) Q4 earnings later this afternoon. Assuming our…
After a screening of Madagascar 2 (Escape 2 Africa) last night, we are increasingly comfortable with our box office estimates for the film ($220 mm domestic, $550 mm worldwide), as well as the franchise value of Madagascar. The expansion of the penguins’ role in the movie should help drive the success of the Nickelodeon series,…
TIM Participações reported EBITDA of R$800 million earlier today, which was R$129 million above our estimate on slightly lower ARPU and lower operating expenses across the board. Click here for a table that details actual results versus our estimates. This report by TIM Part follows similar results reported by America Movil for its Brazilian subsidiary Claro late…
Resort tax collections in Orlando declined 3.8% Y/Y in September (see Orange County, FL press release, click here), which was only slightly worse than the 2.4% decline in August and the 2.9% decline in both June and July. What makes this datapoint interesting is that Orlando hotel occupancy fell 5.2 pts or 10% in September (Click…
You must be logged in to post a comment.