Friday, January 7, 2011

3 Entertainment Stocks in Focus

IMAX Corporation ( NASDAQ: IMAX ) is an entertainment company specialized in
the field of motions pictures and technologies. The Company with its proprietary
IMAX, IMAX® 3D, and IMAX DMR® technology is present all across the major
countries of the world. The Company opened its first IMAX theatre in 1970. There
are 70 IMAX theatres (348 commercial, 122 institutional) operating in 45
countries as of September 2010. Apart from theatres the Company is also engaged
in the production and distribution of 2D and 3D films all around the world. Last
Friday, the Daily Mail reported that Sony Corporation (ADR) (NYSE: SNE) may
acquire IMAX Corporation for $40 a share. The Daily Mail also said that Walt
Disney may also be interested in IMAX . The news of a possible takeover pushed
IMAX shares to a 52-week high on Friday. The Walt Disney Company ( NYSE: DIS )
is an entertainment company, with presence in Media networks, Parks and Resorts,
Studio Entertainment, Consumer Products and Interactive Media. The Company was
founded by Disney brothers in 1923 as the Disney Brothers Cartoon Studio, later
the Company was reincorporated as Walt Disney Productions in 1929. Walt Disney
shares are currently trading near their 200 day moving average. The Company had
revenue of $36.1 billion in the last fiscal year, with an operating income of
$5.78bn. The Company has over 0.2 million people working under its various
subsidiaries and have its Headquarter in Burbank, California. Netflix Inc. (
NASDAQ: NFLX ) is the world leading internet paid service for television shows
and movies. The company has a subscriber base of over 19 million members and
charges $7.99 a month for unlimited movies and TV shows. The Company ships over
2 million discs daily from the various distribution centers. Netflix recently
launched its services in Canada and is now looking to expand its market to rest
of the world. Netflix shares are climbing in trading today after Piper Jaffray
reiterated an 'overweight' rating on the stock. The brokerage firm is
bullish on the company's result in the current fiscal year. This corporate
profile is provided for information purposes only and should not be used as the
basis for any investment decision. We are neither licensed nor qualified to
provide investment advice. We were not paid, nor do we hold a position in these
stocks. We reserve the right to buy or sell IMAX, DIS and NFLX at any time after
this post.

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