Today’s Research on Starz and IMAX: Entertainment Stocks on Solid Ground
LONDON, February 21, 2013 /PRNewswire/ –
Entertainment industry felt the brunt of the decline in the economy but it is on a
rebound now. Along with the improvement in macro economic factors, good movie releases
ensured that entertainment companies are making money. The stock prices of these companies
also tell a similar story. IMAX Corporation (NYSE: IMAX) acts as a benchmark for
entertainment industry. The company is keen to grow through international expansion. Starz
(NASDAQ: STRZA) is performing well after its spinoff from its parent company Liberty
Media. The stock is expected to perform well as its management is taking aggressive steps
to boost its value. StockCall professionals have completed their technical analysis on
Starz and IMAX and these free reports are accessible by registering at
IMAX Expands Overseas
IMAX is scheduled to announce its fourth quarter earnings on February 21st. The
company is expected to report its revenue at $73.5 million while its EPS is expected to be
at 16 cents per share. For its full year, the average consensus for revenue is at $279.2
million and EPS estimate is pegged at 72 cents per share. IMAX is a pioneer in the
entertainment technology. The company is also expanding in international markets as it
plans to open 3 new theaters in Russia. Be sure to read our latest technical research on
IMAX Corporation by registering at http://www.StockCall.com/IMAX022113.pdf
IMAX’s stock popped 12 percent so far this year and the trend is likely to continue as
the company focuses on offering high potential movies. IMAX will also benefit from its
international expansion as well as the robustness in domestic demand. The company is also
working towards making its technology have wide acceptance. It is planning to grow its
presence in the emerging markets like China and India. Though, the company provided
reservations about its performance in China due to strict censorship rules, it projects to
perform well in other markets such as India and Russia.
IMAX Corp. is also focused on providing innovative solutions as the company recently
fitted Smithsonian’s theaters with new laser technology. With the combination of good
domestic growth and international expansion, IMAX is anticipated to provide good returns
to its investors.
Starz Renews Deal with Sony
Starz is in good hands as the stock is being lapped up by Chase Coleman of Tiger
Global Management. The fund has included 7 percent of its portfolio in this stock. Strong
institutional interest is generally good news for the stock. Apart from Tiger Global
Management, the stock was also bought by Steve Cohen of SAC Capital and Jeffrey Gates.
Sign up for the free technical research on Starz – Series A Liberty Capital Common Stock
Starz is the product of a spin-off from parent company Liberty Media. The company is
taking aggressive steps to stimulate growth. It renewed its deal with Sony. Under this
deal, Starz acquired the exclusive pay TV rights to screen Sony film releases through
2021. The new contract will enhance Starz’s movie library. The company is also working
towards developing original programming and content. The contract will run from 2016.
Starz faces stiff competition from companies like Netflix. However, with its strong
portfolio of original content along with licensed content, the company is in a good spot.
The company’s new deals and its emphasis on creating original programming are likely to
provide positive push to its stock price.
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