Sony's U.S. shares slid roughly 5 percent in afternoon trading to $20.67, though the stock price has climbed about 85 percent since the beginning of the year. Sony's Tokyo-traded shares closed down 4.59 percent on Tuesday. While it is unclear exactly when and at what price Loeb started buying stock in Sony in the first quarter, the investment is one of the hedge fund's biggest winners this year, the person close to the firm said. The hedge fund still thinks Sony's current share price is both attractive and undervalued, the person said. Loeb's flagship Offshore fund rose 2.9 percent in July, boosting yearly returns to 15.9 percent, according to an investor who was not authorized to publicly discuss the private fund's performance.
21st Century Fox, cleaved from News Corp, takes more than 87 percent of its profits from its cable and broadcast businesses. Time Warner's name resembles a publisher married to a film studio, but cable TV claims at least three-quarters of its 2012 income. It's been all jubilee and confetti cannons for the biggest entertainment companies this week. But there's trouble off-stage. Time Warner Cable (not Time Warner, the entertainment company, but TWC, the "pipes" company) has blacked out CBS in major cities over a fee dispute. Meanwhile, Dish is pushing back against ESPN's demands for the kim kardashian video tape highest carriage fees in the country, which could theoretically result in a blackout, as well.
Lions Gate swings to profit on home entertainment
Had these seats been included in the WUD calculation, Cambodia and consolidated WUD for this period would have been $157 and $129, respectively. During the second quarter of 2012, one venue in Cambodia operated during a soft open and one venue in the Philippines recognized revenue on a cash basis. There were no material differences to average WUD figures for this period had these seats been included in the WUD calculations. Casino operations, which comprised Dreamworld Pailin, contributed $907,000 to total gaming revenue in the second quarter of 2013, down from $1.1 million in the first quarter of 2013. The decline was due to lower player traffic levels. Operating expense for Dreamworld Pailin was $1.2 million for the second quarter of 2013, down from $1.3 million in the first quarter of 2013 due to the lower player traffic and cost reduction initiatives. Revenue from gaming products, which comprised the manufacture and sale of gaming chips and plaques, was $162,000 in the second quarter of 2013, down from $978,000 in the second quarter of 2012.
The Giant Assumption Behind the Entire Entertainment Business: Cable TV Is Invincible
Analysts polled by Thomson Reuters were expecting per-share earnings of eight cents on revenue of $523 million. Expenses, including direct operating costs and marketing expenses, rose 12% to $536.3 million. Interest expenses were $20.8 http://richknnj.blogs.experienceproject.com million in the latest quarter, down from $27.5 million in the year-ago period. Motion-picture revenue rose 8% to $438.6 million, as gains from home entertainment and international operations offset a decline in theatrical revenue. Home-entertainment revenue was up 16% at $169.4 million, including continued revenue from the last more "Twilight" movie, as well as "The Impossible" and "Texas Chainsaw 3D." Digital media revenue grew 21% to $63.2 million.
Entertainment Gaming Asia Inc. Reports Second Quarter 2013 Results and Provides Market Update
The link latest in this line being the ongoing carnival at the Wesley Grounds. Says Sarah Natasha, one of the organizers, "We have organized an auction along with the two-day fest. A few celebrities have promised to contribute some designer clothing, which will be put on auction and the proceeds from it will be used to help single women parents in the city. Suhasini Mani Ratnam is one such person, whose collection will be put on auction." She adds, "The auction will bring in a large crowd as it happens in the backdrop of a carnival, which includes live band performances, traditional games and also showcases several fashion stalls from across the country." Minnie Menon, a city-based marketing consultant seconds Sarah. She says, "There was a cause attached to the dinner we had in the city last week, where we charged ` 5000 for a couple. The guests stepped in for it realizing that they were going to have a splendid evening with fine dining in a star hotel, enjoy some live music and also be part of some philanthropic work. And the dinner was to raise funds for NGOs that prefer to keep a low profile.
Lions Gate income, revenue rise on home entertainment, television
(Doane Gregory / Summit Entertainment) Also By Daniel Miller August 8, 2013, 2:53 p.m. Lions Gate Entertainment Corp. reported net income of $13.6 million for the fiscal quarter ending June 30 -- a notable improvement over the same period a year earlier, when the company lost $44.2 million despite having the blockbuster "The Hunger Games" in theaters for much of that three-month period. Revenue rose 21% to $569.7 million.Lions Gate posted adjusted earnings per share of 10 cents, an improvement on the per-share loss of 33 cents a year earlier. Lions Gate's fiscal years end March 31, making the quarter ending June 30 the company's first of its 2014 fiscal year. The company's motion picture business segment, which includes home entertainment and international operations, posted revenue of $438.6 million -- an increase of 8% over the same quarter a year ago. VIDEO: Upcoming summer films The studio was helped by the success of Now You See Me, a surprise hit that has grossed $233 million worldwide.