Entertainment Conglomerates Gear up for Quarterly Earnings Reports

NEW YORK - Quarterly earnings season for Hollywood biggies kicks into high gear this week, with CBS Corp.'s latest financial report on Tuesday starting the parade of results.our editor recommendsCommentary: Cable TV, we need to talkCable TV bucks downward ad trend Once again, cable TV advertising growth and mixed film unit trends are expected to be key trends seen across entertainment conglomerates. "Based on our checks, we believe that national TV ad growth on cable and broadcast networks lived up to healthy expectations for the June quarter," said Lazard Capital Markets analyst Barton Crockett in a recent earnings preview. "Local TV stations suffered modest hits from car production constraints. But this was mild, immaterial to conglomerates, and already baked into outlooks and models." Meanwhile, film results look like a mixed bag. "Most studios experienced a positive quarter at the box office, while home video continued to suffer due in part to difficult comparisons as well as an underperforming release slate," Nomura analyst Michael Nathanson said. Among key earnings conference call themes, Wall Street will also look for latest executive comments on how sector giants want to use their ample amounts of cash - with hopes for further dividend payments and stock buybacks, which are on track for banner years of spending. Plus, any color on how the ad market and rest of the business is doing will also be key for investors and analysts. After all, a strong stock performance of the entertainment sector during the first half of 2011, observers wonder how much upside there is to Hollywood conglomerate stocks - and how well the business will perform in the coming quarters. "With the recent outperformance of media stocks relative to the market, valuation is less compelling," said Credit Suisse analyst Spencer Wang. "We still see signs that underpin our secular concerns, which continue to give us pause. These include declining TV penetration and TV viewership among adults 18-49, essentially zero growth in pay TV subs, and early signs of cord-cutting - particularly among younger demos." On a more positive note, Nathanson said in a recent report that it is "too early to worry over [a] pause in advertising strength" even though "over the past quarter, the broader market has become concerned about the future economic prospects of the world at large and the U.S. in particular." And Crockett echoed: "We also believe that September quarter trends are holding firm." He continues to like entertainment stocks in general. "We see [the entertainment group] gaining more share of consumer spend," he said. "We particularly like TV networks, which we see benefiting from rising leverage for program fees from traditional and Internet distributors, secular rotation of ad dollars to cable program networks, and secular international growth." Here is a look at what to expect from the entertainment conglomerates in their earnings reports: CBS Corp. After Sony Corp.'s quarterly earnings report a few days ago, Sumner Redstone-controlled CBS Corp. opens the earnings parade for U.S. sector giants after the market close on Tuesday. Nathanson projects the company to have "the most upside" over Wall Street consensus estimates out of its sector biggie peer group. He recently raised his earnings forecast "led by double-digit growth at the entertainment segment as the Netflix deal begins to hit the financials" as he wrote in a report. Plus, a boost in the profitability of CBS coverage of the NCAA men's basketball tournament and lower film losses will also help as will radio growth. His projection calls for a 38 percent gain in operating profit to $798 million. Time Warner Wednesday morning, TW will report its second-quarter results as will cable operator Comcast, which will share the first full quarter of financials for NBCUniversal since it acquired a majority stake in the entertainment company. For TW, Wang projects unchanged operating profit of $1.2 billion with a 7 percent gain at the TV networks unit, but a 28 percent film decline to $125 million due to what he called "the underwhelming performance" of Green Lantern and "the better than expected performance of The Hangover Part II." Davenport & Co. analyst Michael Morris forecasts 7 percent growth in operating profit on an 8 percent revenue gain, including 12 percent ad revenue growth. "Higher costs for the NCAA contract and the HBO Go launch were well communicated drags on profit growth," said Morris. "Strong performance of the Harry Potter 7 part one DVD, the potential for a larger than expected buyback and positive comments into a stronger second half are biggest potential upside surprises." Cable network ratings weakness remains his biggest concern. "Despite significant investments in the past year in sports and original programming ratings have continued to decline at TBS and TNT in particular," Morris said. Viacom Sumner Redstone-controlled Viacom will present its quarterly figures on Friday. Wang expects a 57 percent decline in film operating profit to $30 million, but he has raised his film unit operating profit estimate "to reflect better than expected profitability of the film slate," which included Super 8, Thor and DreamWorks Animation's Kung Fu Panda 2. But tough year-ago comparisons - when Paramount released Iron Man 2 and Shrek Forever After - and marketing spending on the June 29 release of the latest Transformers blockbuster will affect results. For Viacom's cable TV networks unit, Wang expects more than 15 percent operating profit growth helped by 12 percent ad revenue growth in the U.S. Overall, Wang forecasts Viacom's operating profit to rise 9 percent to $890 million. Walt Disney Next week Tuesday, Wall Street will be anticipating the latest financials and guidance from the largest entertainment conglomerate by market value. Heading into earnings season, Wang called Disney "the most controversial name in our universe," which he rates at "outperform," due to concerns about the theme parks unit's cyclical recovery, among other things. "However, our work suggests [quarterly] results should more demonstrably show park operating leverage as several of the one-time factors that obscured margin improvement in [the previous quarter] should reverse," Wang argued. "Looking beyond [the latest quarter], assuming a stable economy, we continue to expect a pricing led recovery at the parks." Meanwhile, Crockett bumped up his Disney earnings estimates more than those of its peers "driven by a refinement of our take on ESPN affiliate fee timing swings and updates for actual movie performance." Wang expects operating profit edged up 2.9 percent in the quarter for Disney amid strong gains in the theme parks and broadcasting businesses, a slight film improvement of 2.8 percent and a cable networks decline. His estimate for ESPN ad growth stands at 5 percent. And in the film unit, Wang says Pirates of the Caribbean 4 and Cars 2 had a tough year-ago comparison due to Toy Story 3 and Iron Man 2, but the year-ago period also included a $70 million-plus writedown related to The Sorcerer's Apprentice and Prince of Persia. News Corp. On Wednesday, Aug. 10, Rupert Murdoch's News Corp. will wrap up the earnings season for entertainment giants. But the actual earnings could pale in comparison to Wall Street's interest in the body language of chairman and CEO Murdoch and his president, COO and deputy chairman Chase Carey, who various observers have said could eventually take over the CEO title, amid the continuing phone hacking scandal and any comments on its possible further fallout. "This quarter is forecast to see the fastest quarterly operating income growth at News Corp. of the past fiscal year due to the easing of the tough Avatar [comparisons]," Nathanson said. "However, given all the recent events around News of the World, BSkyB and the recent $5 billion buyback announcement, these results will likely take a back seat for investor focus on the earnings call." When it comes to quarterly financials, Nathanson forecasts a 46 percent gain in operating profit. Wang sees operating profit rise 41.5 percent to $1.3 billion, including a doubling in the broadcast TV unit to $230 million and a film improvement from $137 million to $219 million. He predicts "sustained strength at the cable networks and better film comparisons, partially offset by sluggish local television and publishing" results and losses for just-sold social network MySpace. In the film unit, the performance of Rio, X-Men: First Class and Mr. Popper's Penguins will compare well with the year-ago releases Date Night, Marmaduke and The A-Team, but the home video lineup was weaker with the likes of Chronicles of Narnia: Dawn Trader and Gulliver's Travels going up against the year-earlier results from Alvin & the Chipmunks 2 and Avatar. Related Topics

Expect to see Lennon, Talai in 'Expecting'

Thomas Lennon and Amir Talai are set to round out the cast of Lionsgate's motherhood comedy "What to Expect When You're Expecting." Duo will play new dads who join Chris Rock's "dude group" and are counseled in the ways of fatherhood along with Rob Huebel. Kirk Jones is directing the Shauna Cross-scripted pic, which is skedded for release on May 11, 2012. Lennon, who recently appeared in both "Cedar Rapids" and "Bad Teacher," recently wrapped Lionsgate's "Rapturepalooza" and will soon be seen in "What's Your Number?" and "A Very Harold & Kumar 3D Christmas." Thesp is also writing and producing "The Machine" for MGM and Vin Diesel's One Race Films, as well as the indie comedy "The Boondoggle." Additionally, he and fellow "Night at the Museum" scribe Robert Ben Garant just released a book titled "Writing Movies For Fun and Profit." Talai previously appeared in "Harold and Kumar Escape From Guantanamo Bay" and "The Pursuit of Happyness." Lennon is repped by CAA and The Kohner Agency reps Talai, while both are managed by Principato-Young Entertainment. Contact Jeff Sneider at jeff.sneider@variety.com

'Beavis And Butthead' Targets 'Jersey Shore'

Even though my brother's incessant Beavis and Butthead impressions had me seriously considering fratricide in the 1990's, I've found myself prepared to revisit the tittering twosome. Why? Everybody who attended the Comic-Disadvantage panel had excellent achievements to say of the footage tested, but mostly because Beavis and Butthead is going to be supplying commentary over MTV's reality shows like "Jersey Shoreline" and "Teen Mother." MTV News swept up with creator Mike Judge in the Disadvantage to discover exactly what the boys happen to be as much as in the end this time around, and what fans can get in the new episodes. "Well essentially they are the identical,Inch Judge accepted. "The earth's transformed, they are still about the couch working at Hamburger World, however they possess some other jobs they dabble in. There is a tech support episode, but they are likely to be watching 'Jersey Shoreline,' '16 And Pregnant,' UFC fights plus some videos too. It's really been an enjoyable experience getting them watch [individuals shows]." Fun for Judge, very funny for all of us. For instance, within the to begin the brand new episodes, Beavis and Butthead are watching a chapter of "Jersey Shoreline" in which the cast people are earning a hookup tree. Butthead's insight is amazing: This is sort of a family tree in case your family is made of whores," he states together with his famous "Huh huh" laugh. "When they like did this chart lengthy enough, they might discover where herpes started." Judge described it would be a natural evolution for that show, since in those days the television that they are watching was MTV. "They are watching MTV now and [the truth shows] are what's on MTV," he stated. "After I got a feeling of what individuals desired to see, they are doing need to see them leaving comments on stuff that's available now, and that i seem like that's converted into pay grime." "I began watching 'Jersey Shore' and could not stop," Judge confessed. "My kids watch it and that is been really fun really, I seem like it is good fit, everything is sensible.Inch Exactly what do you think about the brand new Beavis and Butthead? Inform us within the comments or on Twitter!

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[1] http://leetleech.org/images/04433603644148025893.jpg

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Movie that is great and scary that recently came out on VERIZON FIOS?

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Big brother season 13 premiere, today or later?

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[1] http://www.youtube.com/watch?v=hp4_38CXE9A&feature=youtube_gdata
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*BBC - Wild Africa COMPLETE (DVDRip/2005)*
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Africa is the mother continent - the core from which all the other
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[1] http://www.youtube.com/watch?v=ucwMcGvQ11M&feature=youtube_gdata
[2] http://www.youtube.com/watch?v=ucwMcGvQ11M&feature=youtube_gdata
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Who do you think is better in the song "Under Pressure"?

????????????Freddie Mercury or David Bowie?????????????????????

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Pete Rock vs. Premier?

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[1] http://www.imdb.com/title/tt1788383/

When will Senna be released on blu-ray in uk?

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The Hangover Part II is a 2011 American black funny movie and sequel to 2009's The Hangover. The movie actors Bradley Cooper, Ed Helms, and Zach Galifianakis. Todd Phillips directed a screenplay written by him, Craig Mazin and Scot Armstrong. The movie was generated by Legendary Pictures and distributed by Warner Bros Pictures. Production began in October 2010 and then the movie was introduced in the Usa on May 26, 2011. 2 years since their experience in Las Vegas, Stu (Ed Helms), Phil (Bradley Cooper), Doug (Justin Bartha), and Alan (Zach Galifianakis) are flying to Thailand to rejoice Stu's impending wedding ceremony to Lauren (Jamie Chung). A lot to Alan's dismay, they're accompanied by Lauren's youthful brother, Teddy (Mason Lee). During Lauren's father's (Nirut Sirijanya) toast, he exhibits his disapproval of Stu by analyzing him to rice porridge. At the end of the night time, Stu hesitantly connects to Phil, Doug, Alan and Teddy to obtain a beer. 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*Sucker Punch 2011 EC BluRay AC3 x264-iGNiTE | 1.62 GB*

does anyone really like 3D?

I don't know one person who likes 3D. i personally don't like it. I
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What is, in your opinion, the best movie ever made?

What is your favorite movie?
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Comedy Central Advert?

What is the song that is played on the Comedy Central Advert: South
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It was shown early during this week, and it focused itself on Cartman
"Coon" and Mysterion, thus being about the superhero side of South
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Therefore what was the song that was playing on the advert? Sounded
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Thanks

Nick

what is the best way to download or record movies off of television?

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i`m looking for the name of a drama.I didn`t see the ending.?

Two sisters moon-hee and jee-hee fall in love with the same guy,
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ANIMAIS UNIDOS (Konferenz der Tiere) 2010 - Trailer Dobrado CINEMA\ TV Portugal

[1]
ANIMAIS UNIDOS (Konferenz der Tiere) 2010 - Trailer Dobrado CINEMA
TV Portugal [2]
Junta-te

Links:
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[1] http://www.youtube.com/watch?v=pbfIWYXh7N0&feature=youtube_gdata
[2] http://www.youtube.com/watch?v=pbfIWYXh7N0&feature=youtube_gdata