• Breaking News

    Tuesday, August 10, 2021

    Stock Market - Sony closed $1.175 billion deal to buy Crunchyroll from AT&T

    Stock Market - Sony closed $1.175 billion deal to buy Crunchyroll from AT&T


    Sony closed $1.175 billion deal to buy Crunchyroll from AT&T

    Posted: 10 Aug 2021 05:22 AM PDT

    It's official. Sony now owns both Crunchyroll and Funimation. The company's Sony Pictures division completed the $1.175 billion acquisition on Monday. And with the deal now closed, Sony Pictures CEO Tony Vinciquerra said the company's goal is to "create a unified anime subscription experience as soon as possible."

    Sony didn't say how soon we could see that happen and what form that "experience" will take. For the time being, Funimation and Crunchyroll will continue to exist as separate streaming platforms, with few details on what the deal means for subscribers.

    "With the addition of Crunchyroll, we have an unprecedented opportunity to serve anime fans like never before and deliver the anime experience across any platform they choose, from theatrical, events, home entertainment, games, streaming, linear TV — everywhere and every way fans want to experience their anime," Vinciquerra said.

    Sony first announced it was acquiring Crunchyroll from AT&T at the end of 2020. At the time, the service said it had 3 million subscribers and over 90 million registered users across more than 200 countries. Less than a year later, Crunchyroll notes those numbers have increased to 5 million and 120 million, respectively.

    submitted by /u/Over-Power7700
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    Good documentary about the current state of the fed. Watch it and tell me this whole thing isn't about to come crashing down.

    Posted: 10 Aug 2021 02:18 PM PDT

    Why I'm most bullish on the mouse! Disney

    Posted: 10 Aug 2021 05:02 PM PDT

    Why I'm most bullish on the mouse! Disney

    When most ppl think Disney, they think Parks. But Disney is so much more than that! Most ppl dont know that Disney owns

    • ABC
    • ESPN (80%)
    • Marvel
    • Lucasfilm
    • Pixar

    And these are just a few. But because of their ownership of ABC and ESPN, Seems like sports betting is inevitable.

    From a TA view, just looking at money flow over last few weeks and its been ticking up.

    When we look at Gamma exposure, 170 provides some great support but in the short term, 185 is some tough resistance. But in the long term, I like Dis over 200 by the end of the year.

    https://preview.redd.it/m8rk1jgpdmg71.png?width=1774&format=png&auto=webp&s=d9c2a799a66198936a414c03fbd6a9d4125f7b28

    https://preview.redd.it/3ekqk6oodmg71.png?width=1906&format=png&auto=webp&s=ba6f23f32c6347305c9e51c6ea4eada7abe8124d

    submitted by /u/ES_F_King
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    Stocks with the most optimistic sentiment in this weekend's news coverage

    Posted: 10 Aug 2021 11:45 AM PDT

    Stocks with the most optimistic sentiment in this weekend's news coverage

    #Stocks with most optimistic sentiment in this weekend's news coverage (8/7-8/8) 📷📷

    1. $AMD AMD📷

    2. $JPM JPMorgan

    3. $MRNA Moderna

    4. $AAPL Apple

    5. $PLUG Plug Power

    6. $MSFT Microsoft

    7. $COST Costco

    8. $SBUX Starbucks

    9. $V Visa

    10. $IBM IBM

    https://preview.redd.it/6cfsfhg2tkg71.png?width=1142&format=png&auto=webp&s=701979f3659b36f05b9ab781494020105d734bfc

    submitted by /u/babbldev
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    Fake Meat and Beyond - Bullish on BYND

    Posted: 10 Aug 2021 07:31 PM PDT

    Fake Meat and Beyond - Bullish on BYND

    Let me start by stating that I am a meat eater, especially when it is smoked. But there is a reason why more and more global chains are bringing in and offering plant based menus.

    My career has me in the fresh produce sector and I can tell you that Organics has grown double digits over the last 5 years. As more ppl become more aware of what they are eating, Organic and Plant based foods will continue to grow.

    There is currently a huge push and movement for regenerative farming and ranching which I believe will only continue.

    When I look at the current stock price of BYND along with recent action, I really like the setup and believe we could see the start of a next leg up.

    Looking at short and long term gamma exposure, bears (put buyers), are offering some really good support at 125 and below, but 125 is a large wall. But the kicker here is very low call volume. There is hardly and resistance above. over 140 can bring 160 real fast.

    I'm am targeting 200 by EOY.

    https://preview.redd.it/yajrcw2d4ng71.png?width=1762&format=png&auto=webp&s=7f36f7c5783aeb76fd30f83b81feb24ede974b22

    https://preview.redd.it/ln2sv3kc4ng71.png?width=1913&format=png&auto=webp&s=1c45073bc54400c24cfe85e24f8b528486c2add7

    submitted by /u/ES_F_King
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    Best stocks alerts services

    Posted: 10 Aug 2021 03:22 PM PDT

    Hi!

    What are the best stocks alerts services to get notified (push/email/SMS for instance…) when stocks meet specific predetermined criteria (like crossing a specific target price or reaching their 52-week low for instance)?

    I have been using Schwab's "Securities Alerts" service to receive such notifications. It's working fine but parsing my list today I noticed that some alerts were deactivated.

    A Schwab rep confirmed today that "the Price Alert will be deactivated once it hits the Price you have set. There is not an option to keep that same Alert on that stock. You do have to go in and add a new Alert if you want."

    I'd like for my alerts to be evergreen and always stay on, even when price targets are crossed.

    Thanks!

    submitted by /u/Nicolas_R13
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    My prediction for Aug 11. going forward for $SPY and $BAC. Looks like the market like symmetry

    Posted: 10 Aug 2021 05:14 PM PDT

    Digital Turbine reports record earnings... again!

    Posted: 10 Aug 2021 02:56 AM PDT

    Mon, August 9, 2021, 3:05 PMIn this article:

    FollowingAppsMy watchlistAlternate energyREITAtl energy3/2/0552wkhigh3/7/05Oil/Gas4/2/05Cornell CapitalView my watchlists

    First Quarter Revenue Totaled $212.6 Million, Inclusive of Partial Acquisition Contributions; Pro Forma Revenue of $292.0 Million Represented 104% Year-over-Year Growth

    Greater-than-Expected Profit Driven by Accelerating Organic Revenue Growth and Scaling Operating Leverage

    Completion of AdColony and Fyber Transactions During the Quarter Empower Differentiated Full-Stack, End-to-End Platform Capabilities and Strategically Position the Company for Significantly Larger Addressable Market Opportunity

    AUSTIN, Texas, Aug. 9, 2021 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal first quarter ended June 30, 2021. All operating results discussed below, except as otherwise specifically noted, refer only to the continuing operations of the Company, and all comparisons to prior periods have been adjusted to reflect only continuing operations. The Company completed the acquisitions of AdColony Holdings AS and Fyber N.V. on April 29 and May 25, 2021, respectively. Therefore, the actual reported results discussed below, except as otherwise specifically noted, reflect only the partial contributions of those acquired businesses beginning on the dates the acquisitions closed. Specific references made to "pro forma" results in this release provide investors with quarterly results and comparisons as if all acquired businesses were owned for the entirety of the first quarters of fiscal 2021 and fiscal 2022. The Company believes that pro forma results, where applicable, can provide investors with more relevant year-over-year comparisons. The reconciliations between the pro forma and GAAP financial results for the relevant periods are provided in the tables following the Unaudited Consolidated Statements of Cash Flows below.

    Recent Financial Highlights:

    • Fiscal first quarter of 2022 revenue totaled $212.6 million. On a pro forma basis, as if both Fyber and AdColony were owned for the full quarter, total consolidated pro forma revenue for the fiscal first quarter of 2022 was $292.0 million, representing a 104% increase year-over-year as compared to the comparable pro forma figure for the fiscal first quarter of 2021.
    • GAAP net income for the fiscal first quarter of 2022 was $14.3 million, or $0.14 per share, as compared to GAAP net income of $9.9 million, or $0.11 per share for the fiscal first quarter of 2021. Non-GAAP adjusted net income1 for the fiscal first quarter of 2022 was $33.4 million, or $0.34 per share, as compared to Non-GAAP adjusted net income of $12.5 million, or $0.13 per share, in the fiscal first quarter of 2021.
    • Non-GAAP adjusted EBITDA2 for the fiscal first quarter of 2022 was $39.8 million, as compared to Non-GAAP adjusted EBITDA of $14.1 million in the fiscal first quarter of 2021.

    "We are off to a fast start in fiscal 2022 with more than 100% year-over-year pro forma revenue growth and more than 150% year-over-year growth in both EBITDA and non-GAAP EPS," said Bill Stone, CEO. "Not only did we continue to showcase the inherent operating leverage of our platform model with our strong bottom-line performance, but even more importantly, we successfully completed the acquisition of full-stack, end-to-end platform capabilities that we believe strategically position the Company for continued prosperity well into the future. We are capitalizing on a unique opportunity to leverage our extensive on-device software presence and long-term partnerships with global carriers and OEMs to significantly expand our addressable app ecosystem market opportunity, and we are already witnessing a very positive initial reaction from advertisers all across the platform. We look forward to updating investors on the realized synergies for the Company and improved overall performance for app publishers and advertisers on the platform as fiscal 2022 progresses."

    Story continues

    submitted by /u/rawhide338
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    This is the kind of stock I believe will thrive even if a crash hits.

    Posted: 10 Aug 2021 06:17 AM PDT

    If you're not sure about investing in DKNG, check this out.
    Just so you know, I am digging this mine now.

    ---Promise or Non-sense?---

    DraftKings is the leader of E-Sports betting platform, with over 8 million registered member. DKNG has been grinding for years and is ready to reach its potential with a momentum stronger than my hangover on Monday.

    Related regulation problems

    On the contrary, this might be one of the BIGGEST reason DKNG has so much potential, as betting industries will be almost legal within the States.Many Countries in Europe are also starting to legalize. It's an undiscovered gold mine - better start mining before everyone else started.

    Why is everyone so bullish on DKNG? Is it legit?

    Fantasy sports betting market is a strong trend with a 50% increase in the industry.
    It allows Esports and sports lovers a chance to kind of use their passion to win some money while watching games with more "enthusiasm" ( or anger, depends.)
    Second, users grow in engagement and number strongly. Let's face it, who doesn't love a fun bet that can be done anywhere anytime.

    DKNG is NOT making money now, but hey, no pain no game.

    One of the main concerns I had when I was looking into their financial statements. They are still an expanding company with an aggressive marketing strategy. They approved several deals across pro sports leagues, such as MLB streaming contracts and betting sponsorship with the NFL. Soon, people will know their name.

    My personal thoughts on DKNG

    I was pretty skeptical about DKNG before. After I've done the research, now I finally realize how everything will come together, just like chips & salsa.
    I used to work at an online casino as an accountant. As far as I can tell, stop ISN'T an option when they lose money. It is pretty clear to anyone that DKNG has such great potential to be the KING.

    submitted by /u/PositiveKarmaaa
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    What is a tender offer?

    Posted: 10 Aug 2021 04:07 AM PDT

    I received this from my broker ... Anyone know what the two options mean?

    Thanks p

    We would like to inform you of an upcoming corporate action.

    ELY GOLD ROYALTIES INC has announced an upcoming tender offer, for which you may find the details below:

    You can elect between the 2 following options:

    Option 1: Cash consideration for 1.46 CAD per share.

    Option 2: (default option): Share consideration for 0.2450 of a GROY (CA38071H1064) common share + CAD $0.0001 in cash

    The internal deadline for submitting your instructions is set for the 11th of August 2021 at 11:00 BST.

    How do I participate in this corporate action?

    You can choose to opt for one of the following alternatives:

    Participate in the tender offer.

    No action (default option).

    submitted by /u/pmjwhelan
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