Telefonica’s market share in Mexico returned to a healthy level in Q2 that we believe will allow it to hit its longer term market share target of at least 23% in 2010 and potentially reduce its aggressive pricing. Telefonica’s market share of Mexican net adds rose to 35.5% in Q2 from 31.3% in Q2 primarily…
We increased our end of 2009 subscriber estimate by nearly 200,000 to 7.767 million as a result of strong Q2 results and higher growth estimates in subsequent quarters. Click here for a copy of our note. Click here for tables that detail our estimates revisions.
Disney is set to report earnings later today, with growth likely to exceed expectations as we believe its theme park business held up well during fiscal Q3 2008. Our concerns for Disney grow as we head into fiscal September 2009, with its theme park business at risk from a weakening travel market, advertising sales at…
Vivo reported Q2 results pro-forma for its acquisition of Telemig for the first time. ARPU eroded sequentially to R$28.80 from $29.50 in Q1 as the impact of price promotions on ARPU continues to extend throughout Latin America. In Brazil, price pressure has been a result of rate plans that reduce the mix of calls from…
We attended a Sheryl Crow/James Blunt concert last night at Jones Beach and midway through her performance, Sheryl Crow told the crowd that her new CD, Detours, came out in February. She then proceeds to say, “I hope you buy it, you can steal it too, that’s okay, just listen to it.” Sheryl Crow is…
On June 25th (see blog post), we highlighted that Viacom’s MTV Networks had decided to begin airing political advertising for the first time in its history. The New York Times is now reporting (see NY Times Political blog) that Comedy Central has accepted a $150,000 ad campaign for Barack Obama paid for by Moveon.org (It…
While Verizon has been quietly taking pre-orders for its FIOS TV/triple play package in NYC since early-mid July, yesterday marked the official launch of its FIOS TV service in the five boroughs with Verizon holding a launch party at Grand Central Terminal. We stopped by and picked up a flier promoting the new service (Click…
Discovery, earlier today, changed management at its TLC Network, one of its two most profitable channels (the other being the flagship Discovery Channel). Angela Shapiro-Mathes was let go after only 15 months on the job and is being replaced by the head of Planet Green, Eileen O’Neill. TLC launched five new shows (see below) over…
On July 14th (see blog post), we raised our full-year 2008 DVD industry forecast to flat from down 5% (with sell-thru down 1% and rental up 1%). The driver behind our increased estimate was the strength of first half 2008, with consumer spending up nearly 2% y-o-y. While strong product is clearly helping the DVD…
Our SELL rating on TWC shares is premised on the belief that expectations for the company are too high for 2009, as competition is on the rise (with Verizon announcing the formal launch of FIOS TV in the five boroughs on July 28th, with a press conference and marketing event at Grand Central Terminal). Beyond…
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