Anatel, the Brazilian telecom regulator, released wireless market share data for October. It previously reported better than expected industry growth of 1.937 million net subscriber additions versus our estimate of 848,000. While each of the leading operators lost share to Telemar in the quarter the very strong industry growth delivered upside to each of the…
China Mobile reported very strong October net subscriber additions of 6.6 million (+43.8% y/y) that topped our estimate by nearly 1.0 million subscribers. This was the strongest month of net additions in the company’s history. Prepaid net additions of 6.157 million were largely responsible for the upside and topped our estimate by 898,000, while postpaid…
With CD sales down almost 19% ytd, several artists have tested alternate distribution models outside of the traditional label system, from Radiohead selling digital albums directly from their website to Madonna’s ‘soup-to-nuts’ contract with Live Nation. In addition, The Eagles (on October 30th), released their first album since 1979 without using a label. The band…
While investors reacted negatively to Q3 ’07 margin declines at Discovery both domestically and internationally (albeit overall margins were up 200 bps, due to reduced commerce/education losses), we believe our margin improvement thesis remains intact (margins should improve in Q4 ’07 and into 2008). Discovery is currently trading at a mid-teens multiple of 2009E FCF…
No, you are not misreading the title of the post, Tom Hanks was actually on Oprah yesterday talking about his Myspace page (click here for Tom’s Myspace page and see below for recent video he posted). Note: we confirmed that this profile is 100% authentic. Multinational corporations want to promote their brands on Myspace, small…
This morning, China Unicom reported October net subscriber additions of 1.490 million, which were slightly above our recently increased estimates. The GSM business added 1.132 million new subscribers, which topped our estimate by 18,000, driven by both postpaid and prepaid net subscriber additions.
Anatel, the telecom regulator in Brazil, posted total industry wireless subscribers for the month of October that were substantially higher than our estimates this morning. These estimates are sometimes slightly revised when the final numbers are released. Monthly net additions of 1.937 million were more than double our estimate of 848,000 and up 151% versus…
Basic subscriber losses are mounting for the cable industry due to sports programming battles, regardless of what company managements’ say in public. While cable companies will continue to grow with/without these sports networks, we simply fear that the cable companies are ingraining in consumers’ minds that the place for sports and most importantly the place…
Risk to Bee Movie Estimates. Based on estimates for this past weekend’s box office, it appears that Bee Movie will end its third weekend at $94-$95 mm of domestic box office. Unless Bee Movie has a huge Thanksgiving weekend (which is likely difficult with Disney’s Enchanted opening), we suspect Bee Movie is tracking closer to…
We revised our estimates on Virgin Mobile today primarily because of lower ARPU estimates which appear to be a result of economic pressure. The note that discusses our estimate revisions can be read here. The tables that detail Q3 results versus our estimates and revisions to our estimates can be viewed here. The company has…
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