Roku is reportedly considering taking a 20 per cent minority stake in Lionsgate Entertainment’s premium movie service Starz. Roku could team up with private equity operation Apollo Global Management for the acquisition, or potentially dip into its own $2 billion war chest to fund the move. A report from investment bank Berenberg says it believes […]
A report from investment bank Berenberg on NENT Group and its Viaplay service maintains its ‘BUY’ advice to investors. The bank, however, says there were slight shortfalls from NENT’s Advertising and Other Subscription segments in its last set of results, which meant that group net sales of SEK2.34 billion (€0.23bn) fell 2.3 per cent short […]
A report from equity analysts at investment bank Berenberg has downgraded its advice to clients to ‘Sell’ shares in the UK commercial broadcaster. The bank believes the market’s consensus estimates for ITV are too optimistic. “While forecasts have fallen following the announcement of additional investment in ITVX, consensus still expects modest growth in advertising revenue […]
Nordic Entertainment Group (NENT) has received a positive view from analysts at Berenberg Bank, which says that there’s been a positive newsflow in the company’s favour. “Viaplay was launched in the Netherlands, and we believe the platform has achieved subscriber numbers well ahead of expectations,” says Berenberg. “An agreement has been struck with Tele2 to […]
MFE-MediaForEurope, the Berlusconi-backed broadcaster, has announced a bid for the 44 per cent of Mediaset Spain that it does not own. The bid has an implied price per share of €5.60. MFE is offering cash of €1.86 per Mediaset Spain share, plus 4.5 MFE A shares per MSE share held. The implied value, at close […]
A report from Seeking Alpha’s Jason Aycock, based on an examination of major interested parties by market research company NPD Group including Microsoft, Sony, Activision and others, suggests that as the Covid lockdown periods ended – or softened – then sales of video games also suffered. February 2022’s sales numbers fell again, for the fourth […]
A report from investment analysts at Berenberg Bank looks at the sectorial impact, and in particular on media, and says that while there are some broadcasters have business interests in Russia, but their exposure (to specific losses) are modest. The bank says its own portfolio coverage has very limited exposure to Russia and Ukraine, noting: […]
A report from investment analysts at Berenberg Bank looks closely at satellite operator SES, and maintains a ‘Buy’ rating although the bank softens its Price Target on the operator’s shares, and lowers its target slightly from €10 to €9.80 (today at €6.92). The bank’s report says that over the next two years SES has three […]
MFE-MediaForEurope, the new holding business formed by Mediaset under the Dutch registered umbrella company, has received a positive note from equity analysts at Berenberg Bank. MFE-MediaForEurope released a preliminary alert as to its expected financials (themselves due in full towards the end of April) and these, says the bank, appeared to be well ahead of […]
Equity analysts at Berenberg Bank have updated their advice to clients on Nordic Entertainment Group (NENT). They first looked at the company in November 2020 when its shares were at SEK 375.6 (€35.12). They rose to SEK 530 in August last year. They are now at just SEK 316.5, and the bank is rating the […]