Ridgeline Reports 97% Increase in Annual Revenue and 275% Year-Over-Year Revenue Increase in Fourth Ridgeline Reports 97% Increase in Annual Revenue and 275% Year-Over-Year Revenue Increase in Fourth Quarter of Fiscal 2013
Achieves Fiscal 2013 Revenues of $30.5 Million Fourth Quarter 2013 Revenue of $12.5 Million
Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company, today announced financial results for the fourth quarter and fiscal year ending March 31, 2013.
Cineplex Inc. Announces Its May 2013 Dividend
Cineplex Inc. (TSX:CGX) announced today its cash dividend of $0.12 per share for the month of May 2013, payable on June 30, 2013, to shareholders of record on May 31, 2013.
Cineplex Inc. ("Cineplex") is one of Canada's leading entertainment companies and operates one of the most modern and fully digitized motion picture theatre circuits in the world. A top-tier Canadian brand, Cineplex operates numerous businesses including theatrical exhibition, food services, gaming, alternative programming (Front Row Centre Events), Cineplex Media, Cineplex Digital Solutions and the online sale of home entertainment content through www.CineplexStore.com and on apps embedded in various electronic devices. Cineplex is also a joint venture partner in SCENE - Canada's largest entertainment loyalty program.
Caesars Entertainment to Form New Growth-Oriented Venture
Apollo Management and TPG Capital to Invest $500 Million; Capital Raise Can Grow to $1.2 Billion
Caesars Entertainment Corporation ("Caesars") (CZR) today announced that its Board of Directors has approved the material terms of a strategic transaction intended to improve the company's capital structure and provide support for new projects. As part of the transaction, Caesars will form a new growth-oriented entity, Caesars Growth Partners, LLC ("Growth Partners"), to be owned by Caesars and participating Caesars stockholders. The transaction is intended to provide capital to allow Caesars to continue to fund growth opportunities in a less levered and more flexible vehicle than its existing operating subsidiaries. In addition, the transaction will result in a cash infusion into Caesars Entertainment Operating Company, Inc. ("CEOC") from the sale of certain assets to Growth Partners, while also freeing CEOC from funding future equity contributions required for certain projects under development.
Sinclair Broadcast Group to Acquire Fisher Communications, Inc.
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) ("Sinclair") and Fisher Communications, Inc. (NASDAQ: FSCI) ("Fisher") announced today that they have entered into a definitive merger agreement whereby Sinclair will acquire Fisher in a merger transaction valued at approximately $373.3 million.
Under the terms of the agreement, Fisher shareholders will receive $41.00 in cash for each share of Fisher common stock they own. The transaction represents a 44% premium to the closing price of Fisher common stock on January 9, 2013, the final trading day prior to Fisher announcing a review of strategic alternatives.
PokerTek and Carnival Corporation & plc Enter into 5-Year Contract
PokerTek, Inc. ( PTEK ) today announced the Company has renewed its contract with Carnival Corporation & plc through December 2017.
"Carnival Corporation & plc has been a great business partner over the past 6 years, and we are pleased to renew and extend our relationship with the world's largest cruise operator," said Mark Roberson, PokerTek's Chief Executive Officer.
"We look forward to providing passengers aboard Carnival Cruise Lines, Holland America Line, Princess Cruises, Costa Cruises, Cunard and P&O Cruises with exceptional gaming experiences for many years to come."
Glu Mobile Launches First Real-Money Gambling Offering with Probability
Glu Mobile Launches First Real-Money Gambling Offering with Probability Mobile slot game featuring intellectual property from Glu`s popular Samurai vs. Zombies Defense is immediately available in the UK
San Francisco, Calif. - Mar. 12, 2012 - Glu Mobile Inc. (GLUU), a leading global developer and publisher of freemium games for smartphone and tablet devices, today announced the availability of the company`s first real-money mobile gambling offering through Probability plc, the mobile entertainment gambling provider. The mobile slot game features intellectual property from Glu`s popular Samurai vs. Zombies Defense and is made available to mobile real-money gamers in the UK through Probability`s distribution network.
Comcast Increases Dividend by 20% to $0.78 Per Share on an Annualized Basis and Plans to Repurchase $2 Billion of Its Stock in 2013
Comcast Corporation (NASDAQ: CMCSA, CMCSK), a leading media, entertainment and communications company, announced today that it increased its dividend by 20% to $0.78 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.195 a share on the company’s common stock, payable on April 24, 2013 to shareholders of record as of the close of business on April 3, 2013.
Today, Comcast also announced that it plans to repurchase $2.0 billion of its stock during 2013, subject to market conditions.
Virgin Media: Response to Press Speculation
Virgin Media Inc. (“Virgin Media”) (VMED) (VMED.L) notes the recent press speculation in relation to a possible corporate transaction between Virgin Media Inc. and Liberty Global, Inc. (NASDAQ:LBTY).
Virgin Media confirms that it is in discussions with Liberty Global, Inc., a leading international cable company, concerning a possible transaction. Any such transaction would be subject to regulatory and other conditions.
Pinnacle Entertainment to Acquire Ameristar Casinos for $26.50 Per Share in Cash
Transformative Transaction Creates a Best in Class Gaming Platform With Increased Diversification and Significant Efficiencies of Scale Expected to be Accretive to Pinnacle's Free Cash Flow and Earnings Per Share
Pinnacle Entertainment, Inc. (PNK) and Ameristar Casinos, Inc. (ASCA) announced today that the companies have entered into a definitive agreement under which Pinnacle will acquire all of the outstanding common shares of Ameristar for $26.50 per share in cash, for a total enterprise value of $2.8 billion, including debt of $1.9 billion and cash on hand of $116 million as of September 30, 2012. This consideration represents a premium of 45% over the average closing price of Ameristar common stock for the 90 days ended December 20, 2012. The transaction has received the unanimous approval of both the Ameristar and Pinnacle Boards of Directors.
Playboy selects Amaya for Online Gaming
Amaya Gaming Group Inc. ("Amaya" or the "Corporation") (TSXV:AYA.V - News), an entertainment solutions provider for the regulated gaming industry, is pleased to announce a global licensing agreement with Playboy Enterprises ("Playboy") through which Amaya and Playboy will collaborate and develop online gaming initiatives in poker and lottery featuring the iconic Playboy brand in selected territories where permitted around the world. Detailed development and marketing initiatives are underway and initial roll-out is anticipated to begin in early 2013.
Penn National Gaming Announces Intent to Pursue the Separation of Its Real Estate Assets from Its Operating Assets
- First Gaming Company to Split its Businesses into Two Separate Publicly Traded Companies, a Gaming Focused REIT and a Gaming Operator - - REIT Would Own 17 Casino Facilities Encompassing Over 3,200 Acres of Land, 6.9 Million Square Feet of Building Space and 20,000 Structured Parking Spaces - - Establishes 2013 Full Year Guidance for Penn National Gaming as well as Pro Forma Guidance for the Operating Entity, Penn National Gaming, and Publicly Traded Real Estate Investment Trust -
New Frontier Media To Be Acquired By LFP Broadcasting For $2.02 Per Share In Cash Plus A Contingent Cash Payment Right
Transaction Represents 79% Premium Based on Closing Stock Price Prior to Unsolicited Offer
New Frontier Media, Inc. (NOOF), a leading provider of transactional television services and distributor of general motion picture entertainment, today announced that the Company has signed a definitive agreement to be acquired by LFP Broadcasting, LLC, an affiliate of L.F.P., Inc., the company founded and headed up by Larry Flynt, for $2.02 per common share in cash up front, or approximately $33 million, plus a contingent cash payment right for each common share.
DHX Media to acquire Cookie Jar Entertainment, creating the world's largest independent library of children's entertainment content
Transaction significantly enhances DHX's scale and digital distribution capabilities
DHX Media Ltd. ("DHX" or the "Company") (TSX ticker: DHX), has entered into a definitive agreement to acquire the business of Cookie Jar Entertainment ("Cookie Jar") to create Canada's largest children's entertainment company. The combined company will own the world's most extensive independent library of children's entertainment, including more than 8,550 half hour episodes. The transaction implies an enterprise value for Cookie Jar of $111 million , to be paid through a combination of approximately 36 million DHX shares, $5 million in cash, and the assumption of $66 million of debt.
IGT Announces New $1 billion Share Repurchase Authorization and $400 million Accelerated Stock Buyback
International Game Technology (NYSE: IGT), a global leader in driving technology innovations in the gaming industry, today announced that its Board of Directors has authorized a new share repurchase program of up to $1 billion of the Company's outstanding common stock. Additionally, the Company has entered into an accelerated stock buyback agreement with Goldman, Sachs & Co., under which it will repurchase approximately $400 million of its common stock. The accelerated stock buyback will be conducted as the first part of the Company's new $1 billion share repurchase authorization. The remaining $600 million is currently anticipated to be utilized over the next 3 to 4 years.
Caesars Entertainment Corporation Publicly Lists Its Shares
Caesars Entertainment Corporation ("Caesars" or the "Company") announced today that its common stock was approved for listing on the Nasdaq Global Select Market under the symbol "CZR" and its offering of 1,811,313 shares of its common stock was priced at $9.00. Gross proceeds from this offering will be approximately $16 million before deducting the underwriting discounts and commissions and expenses. Caesars also granted to the underwriters a 30-day option to purchase up to 271,697 additional shares of its common stock at the initial price less underwriting discounts and commissions.
Netflix Announces Q3 2010 Financial Results
Subscribers - 16.9 million - Revenue - $553.2 million - GAAP Net Income - $38.0 million - GAAP EPS - $0.70 per diluted share
Netflix, Inc. (Nasdaq:NFLX ) today reported results for the third quarter ended September 30, 2010.
“Q3 represents our fourth consecutive quarter of more than one million net subscriber additions. This growth is clearly driven by the strength of our streaming offering. In fact, by every measure, we are now primarily a streaming company that also offers DVD-by-mail,” said Reed Hastings, Netflix co-founder and CEO. “At the same time, the introduction of our streaming offering in Canada in late September has provided us with very encouraging signs regarding the potential for the Netflix service internationally.”
IMAX and Regal Entertainment Group(R) Expand Joint Venture Relationship for up to 25 New IMAX(R) Theatres
Expansion and Extension of Previous JV Agreement Adds to Regal's Significant IMAX Presence in North America New Joint Venture Agreement Calls for Minimum of 16 Theatres, With Potential for up to 25
IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) and Regal Entertainment Group (NYSE:RGC), today announced an expansion of the companies' joint venture agreement to include installation of an additional 16 to 25 new IMAX(R) theatres in the United States. These theatres, which are part of an amendment to the parties' original 2008 joint venture agreement, are in addition to Regal's previously committed rollout of 39 IMAX joint venture theatres, 34 of which are in currently in operation. As part of the agreement, Regal also plans to upgrade eight of its existing film-based IMAX theatres with IMAX's digital projection technology.
IMAX and Rave Motion Pictures Sign Joint Venture Deal for 13 IMAX(R) Theatres
IMAX Continues Network Expansion by Entering New Markets Across the U.S; Theatres to Begin Opening in November 2010 IMAX Reaches Record Number of Signings in a Single Year
IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) and Rave Motion Pictures ("Rave"), the fifth largest theatre exhibition chain in the United States, announced today that they have reached a joint venture agreement for the installation of 13 IMAX digital theatres at Rave locations around the country. Six theatres are scheduled to open in November 2010, and the remaining seven are planned to open in early 2011. The joint venture agreement is the first between IMAX and Rave and will expand the IMAX(R) theatre network to moviegoers in key mid-sized markets in Alabama, California, Connecticut, Florida, Illinois, Indiana, Iowa, Louisiana, Ohio, Pennsylvania and Tennessee. Rave already operates four IMAX film-based theatre systems, three of which will be upgraded to IMAX's digital projection system in 2011 as part of this deal.
EPIX and Netflix Announce Exclusive Internet-Only Deal to Instantly Stream EPIX Movies to Netflix Members
EPIX™ and Netflix, Inc. [Nasdaq: NFLX] today announced an agreement through which Netflix members can instantly watch an array of new releases and library titles from EPIX streamed over the Internet from Netflix. Movies from the multi-year deal will begin streaming from Netflix on September 1 and include movies from Paramount, Lionsgate and MGM.
EPIX has subscription pay TV rights to new releases and movies from the libraries of its partners and will make these movies available to Netflix 90 days after their premium pay TV and subscription on demand debuts. Historically, the rights to distribute these films are pre-sold to pay TV for as long as nine years after their theatrical release.
IMAX Corporation Generates $115 Million in DMR Gross Box Office for the Second Quarter of 2010, a 37% Increase Over Last Year; Has Announced Deals for 89 IMAX(R) Theatres Year-To-Date
IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) today announced that for the second quarter ended June 30, 2010, IMAX DMR(R) gross box office worldwide was approximately $115.0 million, an approximate 37% increase over last year's second quarter box office of approximately $84.2 million. For the six months ended June 30, 2010, gross box office from Hollywood DMR titles released to the worldwide IMAX(R) theatre network was $347.2 million, compared to $112.2 million in the first six months of 2009. In addition, the Company commented that it has announced deals for 89 IMAX systems year-to-date, compared to 35 for all of 2009.