Services Sector Announced New Film Projects, Acquisitions, New Appointments and Divestitures - Research Report on Lionsgate, Gannett, Starz, Cinemark, and Scripps
NEW YORK, September 3, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Lions Gate Entertainment Corp. (NYSE: LGF), Gannett Co., Inc. (NYSE: GCI), Starz (NASDAQ: STRZA), Cinemark Holdings Inc. (NYSE: CNK), and The E. W. Scripps Company (NYSE: SSP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Lions Gate Entertainment Corp. Research Report
On August 20, 2013, Lions Gate Entertainment Corp. (Lionsgate) announced that its synergistic partnership with Televisa, Pantelion Films (Pantelion) has acquired the US and Canadian distribution rights to Hours, a suspense thriller directed by Eric Heisserer that stars Paul Walker and Genesis Rodriguez. According to Pantelion's CEO, Paul Presburger, Pantelion will distribute the film theatrically and on VOD in the US on December 13, 2013. Hours, produced by the Safran Company, is set during the aftermath of Hurricane Katrina and follows a father's desperate attempt to keep his newborn daughter alive in the wake of the storm's destruction. Presburger said, "The compelling story of "Hours," combined with Paul Walker and Genesis Rodriguez's popularity with our core audience, makes this a perfect acquisition for us. Paul's passion for this project was evident from our first meeting, and we are proud to partner with him and Peter Safran on this release." The Full Research Report on Lions Gate Entertainment Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d4f4_LGF]
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Gannett Co., Inc. Research Report
On August 23, 2013, Gannett Co., Inc. (Gannett) along with Belo Corp. (Belo) announced that the US Department of Justice (DOJ) has requested both the Companies for additional information and documents in connection with Gannett's proposed acquisition of Belo, for the second time. According to the release, a Second Request is a standard part of the DOJ review process and extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, during which the parties may not close the transaction until 30 days after Gannett and Belo have substantially complied with the Second Request (or the waiting period is otherwise terminated by the DOJ). The Companies also stated that they will respond promptly to the request and will continue to work cooperatively with the DOJ as it conducts its review of the proposed transaction, and expects to close the transaction by the end of 2013. The release further informed that the closure of the transaction is subject to approval from Federal Communications Commission (FCC), approval by holders of two-thirds of the voting power of Belo shares, and customary closing conditions, in addition to antitrust clearance. According to release, Belo's directors and executive officers, who collectively own c.42% of the voting power of Belo's outstanding shares, have entered into voting and support agreements to vote their shares in favor of the transaction. The Full Research Report on Gannett Co., Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/cc5e_GCI]
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Starz Research Report
On August 19, 2013, Starz (Starz) announced that former Vice Chairman of Turner Broadcasting System, Inc. (TBS), Andrew T. Heller, was elected to Starz' Board of Directors. According to the Company, prior to his association with Starz, Heller has served on the advisory boards of several media, entertainment and academic organizations. Starz CEO Chris Albrecht commented, "Andy's long industry career and deep understanding of the business of media and programming will serve Starz well. We look forward to his contributions as the newest member of our board of directors." The Full Research Report on Starz - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f574_STRZA]
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Cinemark Holdings Inc. Research Report
On August 16, 2013, Cinemark Holdings Inc. (Cinemark) announced that it has successfully closed the previously announced divestiture of three theatres and 52 screens to Carmike Cinemas, as required by the Department of Justice final judgment in the Rave Cinemas acquisition. According to the Company, as net results of its divestiture plan, Cinemark acquired 29 theatres and 431 screens from Rave Cinemas, expanding its diversified domestic footprint into 40 states and 99 DMAs, including the New England market. The Full Research Report on Cinemark Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b2c2_CNK]
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The E. W. Scripps Company Research Report
On August 21, 2013, The E. W. Scripps Company (Scripps) announced that Robert Sullivan has been promoted to Vice President of Programming. According to the Company, in his new role, Sullivan will focus exclusively on growing the audience of the three shows, namely, Let's Ask America,The List and RightThisMinute, as well as developing new programming concepts for distribution on Scripps TV stations and digital platforms. The Full Research Report on The E. W. Scripps Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5c91_SSP]
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