An article in the New York Times (Click here) indicates that Kung Fu Panda has already grossed over $12 million in China alone, well above the estimated $3.5 million and $2.8 million that Madagascar and Cars grossed in China, respectively. We believe that KFP will continue its strong showing in international markets and expect to hear…
Click this link to watch an Adage.com video of Lee Doyle, CEO North America for ad agency Mediaedge: cia at the Advertising Research Foundation conference earlier this week. Mr. Doyle indicates that a recent survey (albeit, he caveats that the sample size is small) found that average and below average Americans viewed gas, broadband and…
Below are key excerpts from an e-mail Phillipe Dauman, Viacom’s CEO, sent to Viacom employees yesterday. Dauman indicates that Paramount will be more profitable in 2008 and beyond based on their success to-date in 2008 (a portion of Viacom’s biz that we believe VIAB gets little to no credit for, as it is probably worth…
With Kung Fu Panda already at $165 mm domestically, we believe it is well on its way to exceeding $200 mm in domestic box office and should be able to exceed $300 mm in foreign box office (still very early in the film’s overseas rollout). Our key reason for upgrading DWA in March 2008 was…
Yesterday, while the market was tanking, we decided to call 100 Sprint stores across the country to check on the availability of Sprint’s new Samsung Instinct phone after Sprint issued a press release in the morning claiming “temporary shortages” of the Instinct. 28 of the 100 stores we called had 5 or less phones and…
Sony announced that consumers with Bravia TVs and the Bravia Internet Video Link (bundled with Bravia TVs today) will be able to rent an HD version of Hancock (Sony’s summer tentpole) directly over their television sets in November 2008, before the film is released on DVD and Video-on-Demand. Pricing is to-be-determined, but we suspect it…
According to a story in TV Week (click here), Viacom’s MTV Networks group has changed a 27-year old policy of not accepting political advertising. MTV Networks, excluding Nickelodeon, will now accept national political advertising directly from politicians and political parties (will continue to stay away from political ads from third-party interest groups). Since Viacom indicated…
T-Mobile is launching its home VOIP service nationally for $10 per month after a successful trial over the past 4 months. We have been part of the trial and found the product to be reliable and with voice quality that is superior to Vonage and in most cases equivalent to traditional land-line. Marketing this service…
Prior to Discovery’s management changes in early 2007, the company only sought to leverage its TV content through Discovery’s owned-and-operated retail stores. With the (money-losing) retail stores shuttered mid-last year, Discovery has taken an aggressive approach toward monetizing its TV content in several new ways. Not only do we believe there is strong growth potential…
While valuation multiples are falling across the media landscape, we believe News Corp. shares are compelling. Investors are increasingly concerned with News Corp.’s exposure to Newspapers and TV stations, at the same time that Myspace has turned from a major positive to an unknown. Despite mid-teens organic EPS growth through the first nine-months of the…
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