MarketLine Blog

Posts about Entertainment

Verizon purchase of Yahoo: Data breach puts deal at risk, but purchase still likely

MarketLine

The theft of confidential information from Yahoo in 2013, although only recently announced, has heaped doubt over the proposed purchase of Yahoo by Verizon. Many predict the final bill will be substantial and worse could follow – the FBI are investigating and could yet cause more problems. A reduced share price caused Verizon to reappraise the sale. For both parties the realization that damage occurring from the data theft has yet to be fully felt is a serious problem, making revaluing Yahoo much harder. Regardless of which route Verizon chooses… Read more

Remastered games: the price of nostalgia

MarketLine

Historically hundreds of games have been produced with a range of missions or goals to be achieved. It is a shame when these games are forgotten or when a game disk breaks or is scratched and can no longer be played. This has led to games appearing on later consoles, being able to buy the original games for a discount price. The focus of this article is on the recent announcement of the remastering of the original Crash Bandicoot games for PS4, the continuation of games such as Spyro the… Read more

Samsung purchase of Harman signals the future

MarketLine

The takeover of Harman has placed Samsung among the leading players in the connected car industry; the Korean technology company has access to a raft of deals with major car manufacturers, expertise from a range of companies acquired by Harman and a huge $24bn order backlog. Infotainment, acoustics, display and other systems are all due to expand in value in the coming years, and Harman has systems already installed in over 30 million cars worldwide. Taking over the company presents Samsung with a highly valuable market position. CarPlay (the system… Read more

Football spending – Driven on by TV revenue and relegation fear

MarketLine

Headline grabbing transfer fees, staggering sums paid to agents, and a record-breaking total summer transfer spend by English Premier League clubs has prompted questions over how far football’s extravagance can go. In response, Mino Raiola, agent to Manchester United’s world record signing Paul Pogba, stated that he expects to see the first £200m ($305.6m) transfer fee paid within three to four years. With the new deal to broadcast Premier League games coming into play this summer, clubs have vast financial resources available to them, with an estimated £2.78bn ($4.2bn) flooding… Read more

British festivals face tough challenges, just ask ATP

MarketLine

All Tomorrow’s Parties (ATP), which spent 15 years attempting to set itself apart from the mainstream, commercial festivals, finally succumbed in June to the overwhelming debts which had been chasing the event for years. Liquidation and reincarnation in 2012 did nothing to rid it of its demons, and after cancelling the Drive Like Jehu curated event planned for Manchester in late April, founder Barry Hogan was forced to admit defeat. According to a new report published by couriers Parcelhero, ATP is not the first, and will not be the last… Read more

WWE Inc: the NXT big thing?

MarketLine

WWE is the largest wrestling promotion globally, and listed on the New York Stock Exchange. Its recent financial performance has seen revenue and net income grow, with growth across most segments. In physical figures however the company’s TV ratings and live event attendance is down, with its key demographic of older males alienated by the company’s ham-fisted approach to mainstream appeal. One way the company has won back some wayward fans is the NXT brand, available exclusively on the WWE network. The successor to the Florida Championship Wrestling developmental territory,… Read more

Have the British been bulldogged? WWE Network still fails to launch in company’s second largest market

MarketLine

The launch of World Wrestling Entertainment (WWE’s) online video streaming service was postponed indefinitely in October 2014, with still no sight of a resolution. The network stalled in WWE’s largest international market, the UK. Accounting for $36m (7.1%) of 2013 revenues, it should be one of the company’s prime targets for the network and a source of reliable subscription growth. However, in November 2014 the company announced that the UK launch had been delayed indefinitely 20 minutes prior to the launch date with no explanation given. This could be the… Read more

Wii U-turn: is Nintendo preparing to sell on iOS following console failure and smartphone boom?

MarketLine

Nintendo has completed a volte-face by announcing it is developing games for iOS, paving the way for a relaxation of its exclusivity policy. Elsewhere, there has been a renewed interest in Nintendo’s core market, and cause a scissor polarity in Nintendo’s consumers. Pokémon Trading Card Online is now being developed by the company to be played on iPad. This represents a major departure for Nintendo, which has previously focused all of its game production efforts on Nintendo hardware, although it has released iOS apps before. A policy of hardware exclusivity… Read more

Despite the doom mongers, the media industry finds itself in generally rude health

MarketLine

Across the 2009-2013 period, the global media industry has continued to find room to grow despite the ever looming spectre of the financial crisis. The advertising sector has been particularly susceptible to austerity as companies have continued to cast a critical eye across their costs, looking to wield the dreaded “cutback” scissors, asking themselves “do we really need to spend X amount on advertising when we can do a lot of it in-house?” Cue that competitive threat to seemingly every industry on the planet, Google and its AdWords service, not… Read more

Investors still not sweet on Candy Crush creator King Digital Entertainment

MarketLine

As explored in the MarketLine case study King Digital Entertainment plc: Sweet success of Candy Crush but doubts remain King Digital Entertainment plc’s (King) initial public offering (IPO) was preceded by a great deal of fanfare and publicity but failed to reach its target price as investors feared an over-reliance on smash-hit mobile casual game Candy Crush Saga (Candy Crush). Originally incorporated as Midasplayer.com Limited in 2002, King has experienced a period of rapid growth, both in terms of revenues and profits, in recent years. 2013 saw revenues soar by… Read more

Nintendo toppled by Sony as Wii U sales slump

MarketLine

A report from Japan’s Nikkei Asian Review has revealed that, for the first time in eight years, Sony’s console sales outstripped those of Nintendo to take top spot in the console sales charts (FY ending March 31st 2014). The release of the PS4 console last year helped boost Sony’s console sales both in terms of unit sales and revenue – which increased 38.5% to JPY 979 billion. Meanwhile Nintendo saw a slump in net sales, partially caused by markdowns of Wii U hardware in the US. Growth in higher margin… Read more

Apple’s imminent questionable $3.2 billion acquisition

MarketLine

Tech giant, Apple, has recently been rumored to be acquiring American audio company Beats Electronics in a deal worth $3.2 billion in the very near future. Beats Electronics revenues have relied heavily on its sales of Dre Beats audio equipment, though Apple’s acquisition is speculated to be focused more-so on Beats Electronics’ catalog music streaming service Beats Music, launched in January 2014. Apple have failed to make as big of a mark as they would wish to on the digital streaming market thus far, even though iTunes Radio is said… Read more

World Book Day: Are we witnessing the death of the traditional book?

MarketLine

Thursday 6th March 2014 is World Book Day; a day when the joy of reading is celebrated and promoted. Numerous events will be held in schools, nurseries, libraries, and book shops across the UK and Ireland. Many children will dress up as their favorite storybook characters and numerous World Book Day tokens will be exchanged for one of eight World Book Day new book releases. A smartphone app will also be launched aimed at young adults, featuring stories from leading teen authors. This delivering of content digitally highlights the era… Read more

Can BT Sport challenge Sky’s dominance?

MarketLine

On August 1 2013, BT launched its sports TV offering, BT Sport, a flagship service broadcasting out of London’s Olympic Park. By paying vast sums of money to acquire the rights to a wide range of sports including Barclays Premier League football, Serie A football, Bundesliga football, Aviva Premiership Rugby, UFC, and MotoGP, and by poaching well-respected sports presenters like Jake Humphrey and Clare Balding, BT has shown that it is serious about rivaling Sky when it comes to sports broadcasting. Sky’s previous competitors, Setanta and ESPN, ultimately failed to… Read more

IMAX revenues and profits fall in Q3 2013 but future opportunities remain

MarketLine

IMAX Corporation (IMAX) has announced its Q3 2013 results and, on the surface, it does not look good: Q3 2013 revenues are down by 35.9% over the same quarter of last year, and net income is down by a substantial 89.2%. This will be of great concern for IMAX and its shareholders, but it would be wrong to write the company off at this stage. On a year-to-date basis, the company’s slide in revenue and profit is not as severe. Revenues for the first three quarters of 2013 are down… Read more

BT’s offering unlikely to dethrone Sky from the Sports TV market

MarketLine

BT launched two new channels aimed at carving a lucrative pound of flesh from the incumbent Sky for the sports television market, although it is unlikely to seize the throne under its current plans. BT has invested £736m in 38 Premier League games and exclusive of coverage of the Aviva Premiership rugby season, with over 500,000 customers signed up. Other offerings include UFC, MotoGP, and Women’s Tennis. The company claims that its channels will be free to its broadband customers, although this is a half truth. Tablet, smartphone and computer… Read more

Sony Profitable Again after Five Years

MarketLine

Following a weaker yen (the dollar and euro have both appreciated almost 20% against the yen in recent months), the giant electronics, entertainment, and technology exporter has recorded a net profit of Y43bn ($435m), a remarkable turnaround from the Japanese firm’s Y475bn loss a year earlier. Indeed, currency market trends, largely brought about by the consequences or perceived future consequences of the Bank of Japan’s monetary, fiscal, and regulatory easing (what has been deemed Abenomics, after the incumbent Premier’s pushing for the changes), have been necessary for the turnaround, the… Read more