Summary

Other Scenarios:

Buyer: Viacom, Inc. (VIA) Last Price: 55.26 Market Cap.: 31.75B
Target: Lions Gate Entertainment Corp. (USA) (LGF) Last Price: 11.84 Market Cap.: 1.62B

Lines of Business Summary:

Product Summary:

Overlap & Complementary Sectors

Sector Buyer Target # of Focused Companies
Consumer 895
Hospitality   185
Arts, Entertainment, and Recreation   25
Media 140
Electronic Media 63
Entertainment and Programming 30
Print   20
Technology   806
Software   248
Home/Office   37

- Focused. Denotes that the company is considered focused in this area. In general, Focused Companies draw the majority of their earnings in the sector/product area specified.

- Sector Pure-Plays. Denotes that the company is focused in the selected sector and generates nearly all earnings in the sector/product area specified.

- Sector Participation. Denotes that the company develops products in this line of business.

Sample Products in Similar Lines of Business

Sample Products in Complementary Lines of Business
Buyer (Total: 84)
  • TV Land
  • TeenNick
  • Nickelodeon
  • Nick Jr.
Target (Total: 13)
  • TV Guide Channel
  • Lions Gate International
  • Debmar-Mercury
  • Maple Pictures
Buyer
  • BET Event Productions
  • MTV Books
  • DowneLink.com
  • Nickelodeon Virtual Worlds
Target
  • TVGuide.com

Business Relationship Summary:

Top Key Suppliers

Top Key Customers
Buyer (Total: 18)
  • DreamWorks Animation SKG, Inc. (DWA)
  • News Corp (NWS)
  • Akamai Technologies, Inc. (AKAM)
  • SL Green Realty Corp. (SLG)
Target (Total: 1)
  • Technicolor (TCLRY)
Buyer (Total: 18)
  • Naspers Limited (ADR) (NPSNY)
  • Virgin Media Inc. (VMED)
  • Charter Communications Inc (CHTR)
  • Electronic Arts (EA)
Target (Total: 22)
  • Wal-Mart Stores, Inc. (WMT)
  • Apple Inc. (AAPL)
  • Microsoft Corporation (MSFT)
  • Amazon.com, Inc. (AMZN)

Key Financial Summary:

Key Metrics

  Buyer Target
Number of Employees 10,900 486
Revenue Per Employee 1,385,815.0 2,156,187.0
Total Revenue 3,952.0 323.0
Total Expenses 2,936.0 311.3
Other Revenue n/a n/a
Cost of Revenue 2,185.0 202.0
SG&A Expense 689.0 108.6
Research & Development n/a n/a
Other Operating Expense n/a n/a
Operating Income 1,016.0 11.8
Unusual Income n/a n/a
LT Debt to Capital 46.68 n/a
Fwd P/E 12.98 n/a
Fwd P/Rev 2.16 1.06
Book Value 8,014.0 37.9
Curr Portion of LTD/Cap Lease 773.0 n/a

Individual Company Summary

Focused

Buyer

Focused (): Consumer > Media > Entertainment and Programming > Television Cable and Broadcast Networks > Domestic > Cable/Satellite Networks

Target

Focused (): Consumer > Media > Entertainment and Programming > Television, Film and Video > Production > Motion Picture

Business Description

Buyer

Viacom Inc. (Viacom) is an entertainment content company. The Company engages audiences on television, motion picture, Internet and mobile platforms through many of the world?s entertainment brands. it manages its operations through two reporting segments: Media Networks and Filmed Entertainment. Its Media Networks segment provides entertainment content for consumers in demographics attractive to advertisers, content distributors and retailers. Its Filmed Entertainment segment produces, finances and distributes motion pictures and other entertainment content under the Paramount Pictures, Paramount Vantage, Paramount Classics, MTV Films and Nickelodeon Movies brands. The Company?s media networks, MTV Networks and BET Networks, operate their program services, Websites and other digital media services in the United States and internationally. In December 2010, the Company sold Harmonix Music Systems to Harmonix-SBE Holdings LLC.

Target

Lions Gate Entertainment Corp. (Lionsgate) is a global entertainment company with a diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution and new channel platforms. The Company operates in two segments: Motion Pictures and Television Production. Motion Pictures consists of the development and production of feature films, acquisition of North American and worldwide distribution rights, North American theatrical, home entertainment, and television distribution of feature films produced and acquired, and worldwide licensing of distribution rights to feature films produced and acquired. Television Production consists of the development, production and worldwide distribution of television productions including television series, television movies and mini-series and non-fiction programming.

Deal Summary

Key Ratios

  Buyer Target
Gross Margin % 46.56 43.69
Operating Margin % 23.93 6.61
Quick Ratio 0.84 1.34
Current Ratio 1.06 1.19
Coverage Ratio n/a n/a
Total Assets 22,903.0 1,762.2
Return on Equity % 107.56 338.54
Return on Assets % 37.64 7.28
Cash+ ST Inv. Per Share 2.06 0.4
Total Debt 8,196.0 597.2
Total Debt to Equity % 102.27 1,574.87
Total Debt to Tangible Equity % n/a n/a
Debt to Asset % 35.79 33.89

Product Summary

Sector Buyer Target
Consumer
Hospitality  
Arts, Entertainment, and Recreation
The Arts, Entertainment, and Recreation sector includes a wide range of establishments that operate facilities or provide services to meet the varied cultural, entertainment, and recreational interests of their patrons. This sector is comprised of establishments that are involved in producing, promoting, or participating in live performances, events, or exhibits intended for public viewing; establishments that preserve and exhibit objects and sites of historical, cultural, or educational interest; and establishments that operate facilities or provide services that enable patrons to participate in recreational activities, or pursue amusement, hobby, and leisure time interests.
  
Media
Electronic Media
The Electronic Media sector focuses on content delivered electronically, primarily over the Internet, and comprises both online publishing intended for end users, and services providing data feeds for other electronic publishers and Web sites. (The online presences of companies delivering content primarily via Television, Radio, and Print are generally not included.) Does not include trade name delivered via mobile devices, if this content is also offered primarily via the internet.
Entertainment and Programming
Companies engaged in the production of motion pictures, music by recording artists, and programming for Radio and Television. Related Post-Production services are also included. This sector also includes Movie Theaters, which feature the films produced by Motion Picture companies.
Print
The Print sector is comprised of companies engaged in the business of print circulation, including books, classified publications, directories, magazines, newspapers, shoppers, and trade journals.
  
Technology  
Software  
Home/Office
Personal productivity and entertainment software targeted toward consumer and business users.
  

- Focused. Denotes that the company is considered focused in this area. In general, Focused Companies draw the majority of their earnings in the sector/product area specified.

- Sector Pure-Plays. Denotes that the company is focused in the selected sector and generates nearly all earnings in the sector/product area specified.

- Sector Participation. Denotes that the company develops products in this line of business.

Product Details

Sector Buyer Target
Consumer
Hospitality  
Arts, Entertainment, and Recreation  
Spectator Sports and Performing Arts  
Performing Arts and Exhibitions
Theater, dance, musical performance companies, and entertainment exhibition companies. Also includes companies that promote and/or produce such shows.

Buyer Products:

  • BET Event Productions
  
Media
Electronic Media
Consumer Content
Communication and Collaboration  
Blogs
Websites which enable users to create blogs (Short for weblog, which is essentially a journal that is available on the internet).

Buyer Products:

  • MTV Books
  
Social Networking
Websites which offer social networking, as well as event invitation services.

Buyer Products:

  • DowneLink.com
  • Nickelodeon Virtual Worlds
  • MTV Networks - Virtual Worlds
  
Entertainment
City Guides
Web sites that provide entertainment related info for specific cities, including bar and restaurant reviews/information, attractions, and upcoming events.

Buyer Products:

  • GoCityKids.com
  
Downloads and Streaming Digital Entertainment Content  
Music and Video
Service which allows users to listen to live streaming music and/or download music or video from the internet to a local hard drive.

Buyer Products:

  • CMT Radio
  • ComedyCentral.com
  • SPIKE.com
  
Games
Gaming portals catering to gaming enthusiast, including game developers.

Buyer Products:

  • MTV Networks - GameTrailers.com
  • Gameone.net
  
Humor
Websites which showcase humorous content.

Buyer Products:

  • Comedy Central - Jokes.com
  
Music
Websites which offer music content, including downloads, news, and karaoke. These sites are devoted to keeping track of music artist, their new albums, music charts and up-coming concert dates.

Buyer Products:

  • MTV.com
  • CMT Digital
  • VH1 Digital/VH1.com
  
Television
Websites which provide news and scheduling information about television shows.

Target Products:

  • TVGuide.com
  
Video
Websites which provide general entertainment and information without a specific emphasis. These services are similar to television stations that provide a variety of programs.

Buyer Products:

  • MTV Networks - Atom.com
  
Information and News  
Demographic Specific  
Adolescents
Websites that target the adolescent market.

Buyer Products:

  • Quizilla.com
  • Nick.com
  
African American
Electronic content targeted to the African American Community.

Buyer Products:

  • BET.com
  
Families and Children
Websites which cater to families. These online properties offer content related to parents, weddings, children, and related content.

Buyer Products:

  • Neopets.com
  • Parentsconnect.com
  
Lesbian/Gay/Bisexual/Transgender
Websites targeted toward the lesbian, gay, bisexual and transgender community.

Buyer Products:

  • LOGO - NewNowNext.com
  • LOGO - LogoTV.com
  • LOGO - TripOutTravel.com
  • LOGO - AfterEllen.com
  • LOGO - AfterElton.com
  • LOGO - 365gay.com
  
Education  
Higher Education
Content targeted toward higher education students and instructors.

Buyer Products:

  • MTV Networks - RateMyProfessors.com
  
Healthcare
Healthcare related content targeted toward consumers.

Buyer Products:

  • MTV Networks - Staying-Alive.org
  
Entertainment and Programming
Television Cable and Broadcast Networks
Domestic
Cable/Satellite Networks
English Format
Children`s/Family
Programming designed for the entertainment and education of children and general family shows.

Buyer Products:

  • TV Land
  • TeenNick
  • Nickelodeon
  • Nick Jr.
  • Nicktoons Network
  • Nick at Nite
  
Comedy
Programming consisting of humorous movies, sitcoms talk shows and other related topics.

Buyer Products:

  • Comedy Central
  
Cultural/Educational
Programming consisting of cultural/educational content, including nature, history, arts, and DIY.

Buyer Products:

  • Centric
  • MTV Tr3s
  • BET: Black Entertainment Televison
  
Entertainment/Hollywood
Programming which provides entertainment news or gossip generally related to Hollywood.

Target Products:

  • TV Guide Channel
  
Lifestyle
Programming consisting of the personal lifestyles that pertain to issues such as personal health, hobbies, etc.

Buyer Products:

  • LOGO
  
Men
Programming geared toward a Male demographic

Buyer Products:

  • Spike TV
  
Music
Programming consisting of music videos, and often includes talk shows and music specials.

Buyer Products:

  • MTV: Music Television
  • MTV2
  • Country Music Television (CMT)
  • VH-1 Classic
  • MTV U
  
International  
Americas  
Canada  
Cable/Satellite Networks  
Music
Programming consisting of music videos, and often includes talk shows and music specials.

Buyer Products:

  • CMT Canada
  
Central and South America  
Cable/Satellite Networks  
Children`s
The Children's sub sector under Latin America cable broadcasting is comprised of channels that show programming specifically for children.

Buyer Products:

  • Nickelodeon Latin America
  
Music
The Music sub sector under Latin America cable broadcasting is comprised of channels that broadcast music videos and music concerts. These channels might also broadcast musicals.

Buyer Products:

  • VH1 Latin America
  • MTV Networks Latin America
  
Asia/Pacific  
Cable/Satellite Networks  
Children`s
The Animation subsector under Asian cable broadcasting is comprised of channels that show anime, virtual characters and claymation.

Buyer Products:

  • Nickelodeon Australia
  
Music
The Music subsector under Asian cable broadcasting is comprised of channels that broadcast music videos and music concerts.

Buyer Products:

  • MTV Asia
  • MTV Australia
  • BET International
  • VIVA
  
Europe  
Cable/Satellite Networks  
Children`s
The Children's sub sector under European cable broadcasting is comprised of channels that show programming specifically for children.

Buyer Products:

  • Nickelodeon Norway
  • Nickelodeon Hungary
  • Nickelodeon Germany
  • Nickelodeon UK & Ireland
  • Nickelodeon France
  
Entertainment
The Entertainment sub sector under European cable broadcasting is comprised of channels that update viewers on the latest news from Hollywood. Updates can be about a favorite artist, movie, television show, television schedules, etc.

Buyer Products:

  • Paramount Comedy
  
Music
The Music sub sector under European cable broadcasting is comprised of channels that broadcast music videos and music concerts.

Buyer Products:

  • MTV Poland
  • MTV Russia
  • VH1 UK & Ireland
  • MTV Networks Europe
  • VIVA
  • MTV Finland
  • MTV Norway
  • MTV Denmark
  • BET International
  
Television, Film and Video
Distribution
Library
Collection of motion pictures and television programming that a company owns. These are typically licensed by third parties for television broadcast syndication. Stock Footage licensing also falls in this level.

Buyer Products:

  • Paramount Worldwide Television Distribution
  • BET Home Entertainment
  • Paramount Home Entertainment

Target Products:

  • Lions Gate International
  • Debmar-Mercury
  • Maple Pictures
  • Lions Gate Home Entertainment
Motion Picture Distribution
Companies which distribute feature films. Production companies which also distribute films are excluded from this space.

Target Products:

  • Summit Entertainment
  • Mandate Pictures
  • Maple Pictures
  • Redbus Pictures
  • Redbus Film Distribution
  
Video/DVD
Companies involved in licensing motion picture and television programming for general distribution to the public via video and DVD formats.

Target Products:

  • Lions Gate Home Entertainment
  • Maple Pictures
  
Production
Motion Picture
Animation
Films created with moving diagrams, cartoons or claymation that are made up of a sequence of images displayed one after the other, sometimes computer-generated.

Buyer Products:

  • Nickelodeon Movies
  • Paramount Pictures
  
General
Includes drama, science fiction, comedy, and horror films.

Buyer Products:

  • Nickelodeon Movies
  • Paramount Vantage
  • Paramount Classics
  • Paramount Pictures
  • Insurge Pictures
  • MTV Films

Target Products:

  • Summit Entertainment
  • Lions Gate Films
  • Artisan Entertainment
  • Mandate Pictures
International  
Americas  
Canada
Companies that produce movies for theatrical release in Canada.

Target Products:

  • Lions Gate Films
  
Straight-to-Video
The Straight-to-Video sector is comprised of movies that are owned by the production company and movies that are produced directly for the video/DVD market. Once the movies are distributed and viewed by the public, the owners place them in a library collection with past films.

Buyer Products:

  • Paramount Home Entertainment
  • Paramount Pictures
  • Paramount Classics
  • Nickelodeon Movies
  • Paramount Famous Productions

Target Products:

  • Lions Gate Films
Television
Domestic
Children`s
Shows geared toward educating or entertaining children. Children's Cartoons are also included in this level.

Buyer Products:

  • Nickelodeon
  
Drama/Sitcom
Drama shows and/or Sitcoms.

Target Products:

  • Lions Gate Television
  • Debmar-Mercury
  
Music Videos
Companies that produce music videos for the purpose of television broadcasting.

Buyer Products:

  • BET Networks
  • MTV Networks
  
Reality Based
Shows that are based on real events and/or contrived situations. These shows usually feature "everyday people" and not actors.

Buyer Products:

  • MTV Networks
  • BET Networks

Target Products:

  • Lions Gate Television
Variety/Talk Show
Shows that include on-air guests interacting with a host or hosts .

Target Products:

  • Debmar-Mercury
  
International
Americas
Companies that produce television shows for the Americas.

Target Products:

  • Lions Gate Television
  
Europe
The Europe sector is comprised of companies that produce television shows that air throughout Europe in different dialects.

Buyer Products:

  • Nickelodeon UK & Ireland
  
Studio Space
Companies which own and rent Studio Production Facilities to third party Motion Picture and Television producers.

Buyer Products:

  • Paramount Studio Group
  
Print  
Publishing  
Magazines  
Domestic  
Children`s
Magazines with content for children.

Buyer Products:

  • Nickelodeon Magazines, Inc.
  
Technology  
Software  
Home/Office  
Games  
Online Games
Web sites that allow visitors to engage in video games for fun or prizes. Excludes betting/gambling games.

Buyer Products:

  • AddictingGames.com
  • Shockwave.com
  
PC Games  
Role-Playing Games
Personal Computer gaming software focused on the player's assumption of a character and the development of that character.

Buyer Products:

  • Nickelodeon Virtual Worlds
  • MTV Networks - Virtual Worlds
  

- Focused. Denotes that the company is considered focused in this area. In general, Focused Companies draw the majority of their earnings in the sector/product area specified.

- Sector Pure-Plays. Denotes that the company is focused in the selected sector and generates nearly all earnings in the sector/product area specified.

- Sector Participation. Denotes that the company develops products in this line of business.

Relationship Details

Key Competitors

  Name Dir Rel. Revenue % Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Overlap
  The Walt Disney Company n/a 76,931.366 15.96 13.89 1.88 1.82 n/a
News Corp n/a 52,143.826 10.05 14.46 0.89 1.53 12.54
Time Warner Inc. n/a 39,200.033 14.28 11.86 1.35 1.34 n/a
CBS Corporation n/a 20,029.538 16.82 13.06 1.39 1.32 n/a
Scripps Networks Interactive, Inc. n/a 6,953.946 17.36 13.61 3.36 3.14 22.21
Gaiam, Inc. n/a 84.881 n/a 26.85 0.32 0.25 1.00
Buyer
  The Walt Disney Company n/a 76,931.366 15.96 13.89 1.88 1.82 n/a
News Corp n/a 52,143.826 10.05 14.46 0.89 1.53 12.54
Time Warner Inc. n/a 39,200.033 14.28 11.86 1.35 1.34 n/a
CBS Corporation n/a 20,029.538 16.82 13.06 1.39 1.32 n/a
Discovery Communications Inc. n/a 12,259.507 12.64 16.02 2.97 2.75 n/a
Scripps Networks Interactive, Inc. n/a 6,953.946 17.36 13.61 3.36 3.14 22.21
Target
  General Electric Co n/a 200,081.417 15.30 12.34 1.36 1.36 6.31
The Walt Disney Company n/a 76,931.366 15.96 13.89 1.88 1.82 n/a
News Corp n/a 52,143.826 10.05 14.46 0.89 1.53 12.54
Time Warner Inc. n/a 39,200.033 14.28 11.86 1.35 1.34 n/a
Viacom, Inc. n/a 31,752.214 19.16 12.98 2.11 2.16 n/a
CBS Corporation n/a 20,029.538 16.82 13.06 1.39 1.32 n/a
Sony Corporation (ADR) n/a 19,620.580 n/a -9.67 0.00 0.24 0.01
Scripps Networks Interactive, Inc. n/a 6,953.946 17.36 13.61 3.36 3.14 22.21
DreamWorks Animation SKG, Inc. n/a 1,565.125 10.68 17.13 2.05 2.27 1.21
Gaiam, Inc. n/a 84.881 n/a 26.85 0.32 0.25 1.00
Metro-Goldwyn-Mayer Inc. n/a n/a n/a n/a n/a n/a n/a
Digital Domain n/a n/a n/a -7.73 n/a n/a n/a
The Weinstein Company LLC n/a n/a n/a n/a n/a n/a n/a

- Defined by the Company - Defined by Others

Dependent Suppliers

  Name Dir Rel. Revenue % Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Overlap
  Technicolor n/a 489.570 n/a n/a 0.07 n/a n/a
Buyer
  DreamWorks Animation SKG, Inc. 73.40% 1,565.125 10.68 17.13 2.05 2.27 1.21
News Corp n/a 52,143.826 10.05 14.46 0.89 1.53 12.54
Akamai Technologies, Inc. n/a 7,085.620 52.04 29.50 6.12 5.41 n/a
SL Green Realty Corp. n/a 6,395.340 4.45 16.75 2.88 5.33 1.07
Alcatel-Lucent n/a 5,085.502 7.07 5.88 0.24 0.21 n/a
Rovi Corporation n/a 3,677.749 50.01 16.87 5.32 4.65 n/a
Lions Gate Entertainment Corp. (USA) n/a 1,624.095 59.30 n/a 1.23 1.06 n/a
KIT digital, Inc. n/a 503.259 n/a 13.53 2.74 1.68 7.06
Technicolor n/a 489.570 n/a n/a 0.07 n/a n/a
Winthrop Realty Trust n/a 389.573 14.53 8.20 5.66 5.33 1.14
SeaChange International n/a 233.600 20.32 11.61 0.87 1.03 1.85
OpenTV Corp. n/a 214.051 27.39 n/a 1.82 n/a 1.90
Cinedigm Digital Cinema Corp. n/a 71.732 n/a -5.28 0.84 0.89 n/a
Point.360 n/a 10.871 n/a n/a 0.24 n/a 1.11
Facebook, Inc. n/a n/a n/a n/a n/a n/a n/a
Latchways PLC n/a n/a n/a n/a n/a n/a n/a
Digital Domain n/a n/a n/a -7.73 n/a n/a n/a
EPAM Systems Inc n/a n/a n/a n/a n/a n/a n/a
Target
  Technicolor n/a 489.570 n/a n/a 0.07 n/a n/a

- Defined by the Company - Defined by Others

Key Customers

  Name Dir Rel. Revenue % Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Overlap
  IMAX Corporation (USA) n/a 1,372.288 21.66 26.02 5.74 4.77 10.22
Rentrak Corporation n/a 236.557 n/a -234.67 2.60 2.63 6.77
Carmike Cinemas, Inc. n/a 96.076 n/a 12.10 0.17 0.19 n/a
Buyer
  Naspers Limited (ADR) n/a 20,292.503 52.01 22.42 9.02 4.60 21.37
Virgin Media Inc. n/a 7,951.626 61.46 13.95 1.51 1.21 n/a
Target
  Wal-Mart Stores, Inc. 13.00% 214,951.526 13.16 12.62 0.49 0.46 4.60
Apple Inc. n/a 457,445.192 13.84 11.57 3.58 2.92 5.34
Microsoft Corporation n/a 255,495.222 10.93 11.48 3.55 3.49 6.10
Amazon.com, Inc. n/a 84,223.156 133.09 142.29 1.75 1.33 14.52
The Walt Disney Company n/a 76,931.366 15.96 13.89 1.88 1.82 n/a
News Corp n/a 52,143.826 10.05 14.46 0.89 1.53 12.54
Time Warner Inc. n/a 39,200.033 14.28 11.86 1.35 1.34 n/a
Costco Wholesale Corporation n/a 36,863.855 25.19 22.01 0.40 0.38 3.10
Target Corporation n/a 35,402.162 12.19 12.43 0.51 0.49 2.32
Viacom, Inc. n/a 31,752.214 19.16 12.98 2.11 2.16 n/a
Sony Corporation (ADR) n/a 19,620.580 n/a -9.67 0.00 0.24 0.01
DISH Network Corp. n/a 12,714.104 8.73 10.56 0.93 0.87 n/a
Best Buy Co., Inc. n/a 9,377.733 8.94 7.48 0.19 0.18 2.56
Netflix Inc n/a 6,510.817 27.50 -416.13 2.03 1.78 n/a
Sears Holdings Corporation n/a 5,085.328 n/a -7.09 0.12 0.12 1.61
Coinstar, Inc. n/a 1,733.583 16.78 13.98 0.94 0.79 6.76
IMAX Corporation (USA) n/a 1,372.288 21.66 26.02 5.74 4.77 10.22
Rentrak Corporation n/a 236.557 n/a -234.67 2.60 2.63 6.77
Carmike Cinemas, Inc. n/a 96.076 n/a 12.10 0.17 0.19 n/a
Blockbuster Inc. n/a 2.742 n/a n/a 0.00 n/a n/a

- Defined by the Company - Defined by Others

Key Partners

  Name Dir Rel. Revenue % Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Overlap
  Microsoft Corporation n/a 255,495.222 10.93 11.48 3.55 3.49 6.10
Amazon.com, Inc. n/a 84,223.156 133.09 142.29 1.75 1.33 14.52
The Walt Disney Company n/a 76,931.366 15.96 13.89 1.88 1.82 n/a
Comcast Corporation n/a 74,707.146 19.40 14.61 1.48 1.25 n/a
Netflix Inc n/a 6,510.817 27.50 -416.13 2.03 1.78 n/a
Rovi Corporation n/a 3,677.749 50.01 16.87 5.32 4.65 n/a
Coinstar, Inc. n/a 1,733.583 16.78 13.98 0.94 0.79 6.76
IMAX Corporation (USA) n/a 1,372.288 21.66 26.02 5.74 4.77 10.22
Rentrak Corporation n/a 236.557 n/a -234.67 2.60 2.63 6.77
Carmike Cinemas, Inc. n/a 96.076 n/a 12.10 0.17 0.19 n/a
Metro-Goldwyn-Mayer Inc. n/a n/a n/a n/a n/a n/a n/a
Buyer
  Apple Inc. n/a 457,445.192 13.84 11.57 3.58 2.92 5.34
Microsoft Corporation n/a 255,495.222 10.93 11.48 3.55 3.49 6.10
Target
  Microsoft Corporation n/a 255,495.222 10.93 11.48 3.55 3.49 6.10
Wal-Mart Stores, Inc. n/a 214,951.526 13.16 12.62 0.49 0.46 4.60
General Electric Co n/a 200,081.417 15.30 12.34 1.36 1.36 6.31
Google Inc. n/a 195,640.947 18.49 16.77 3.52 5.51 3.97
JPMorgan Chase & Co. n/a 146,643.270 8.61 8.14 4.72 1.52 1.17
Amazon.com, Inc. n/a 84,223.156 133.09 142.29 1.75 1.33 14.52
The Walt Disney Company n/a 76,931.366 15.96 13.89 1.88 1.82 n/a
Comcast Corporation n/a 74,707.146 19.40 14.61 1.48 1.25 n/a
Time Warner Inc. n/a 39,200.033 14.28 11.86 1.35 1.34 n/a
Costco Wholesale Corporation n/a 36,863.855 25.19 22.01 0.40 0.38 3.10
Target Corporation n/a 35,402.162 12.19 12.43 0.51 0.49 2.32
Viacom, Inc. n/a 31,752.214 19.16 12.98 2.11 2.16 n/a

- Defined by the Company - Defined by Others

Financials

  Buyer Target Combined Entity
Income Statement
Operating Items
Revenue 15,038.0 1,319.3 16,357.3
Other Revenue n/a n/a n/a
Total Revenue 15,038.0 1,319.3 16,357.3
Cost of Revenue 8,036.0 742.9 8,778.9
SG&A Expense 2,910.0 495.2 3,405.2
Depreciation & Amortization 262.0 3.9 265.9
Interest Expense n/a n/a n/a
Other Operating Expense n/a n/a n/a
Unusual Expense (Income) 231.0 -10.0 221.0
Total Expenses 11,439.0 1,232.0 12,671.0
Operating Income 3,599.0 87.3 3,686.3
Non Operating Items
Interest Expense (Inc.), Net Non-Oprtng -413.0 -25.2 -438.2
Other, Net -10.0 n/a -10.0
Income Before Taxes 3,202.0 35.2 3,237.2
Income Taxes 1,047.0 3.1 1,050.1
Income After Taxes 2,155.0 32.1 2,187.1
Minority Interest (IS) -38.0 n/a -38.0
Net Income - Excl. Xord. Items 2,117.0 32.1 2,149.1
Discontinued Operations -379.0 n/a -379.0
Net Income - Incl. Xord. Items 1,738.0 32.1 1,770.1
Income Avail. to Common 1,738.0 32.1 1,770.1
Share Items
Basic Avg. Shares Outstanding 550.6 133.8 684.4
Basic EPS - Excl. Xord. Items 3.70 0.24 3.14
Basic EPS - Incl. Xord. Items 3.01 0.23 2.59
Full Dilution Adjustment n/a n/a n/a
Fully Diluted Shares Outstanding 557.2 133.8 691.0
F.D. EPS - Excl. Xord. Items 3.65 0.21 3.11
F.D. EPS - Incl. Xord. Items 2.97 0.20 2.56
Dividends Per Common Share 0.90 n/a 0.90
Balance Sheet
Assets
Cash and Equivalents 1,147.0 52.9 1,199.9
Accounts Receivable 3,100.0 389.9 3,489.9
Inventory 858.0 n/a 858.0
Prepayments and Advances 257.0 10.3 267.3
Other Current Assets 37.0 n/a 37.0
Current Assets 5,399.0 393.9 5,792.9
Accum D&A n/a n/a n/a
PPE, Net 1,049.0 8.4 1,057.4
Goodwill & Intangibles 11,422.0 233.2 11,655.2
Long Term Investments n/a 962.8 962.8
Other Assets n/a 55.4 55.4
Other LT Assets 5,033.0 26.5 5,059.5
Total Assets 22,903.0 1,762.2 24,665.2
Liabilities
Accounts Payable 1,593.0 n/a 1,593.0
Payable/Accrued n/a 184.0 184.0
Accrued Expenses 1,117.0 n/a 1,117.0
ST Debt n/a n/a n/a
Curr Port of LTD & Cap Lease Oblg 773.0 n/a 773.0
Other (Current) Liabilities 1,599.0 199.4 1,798.4
Current Liab. 5,082.0 331.5 5,413.5
LT Debt 7,017.0 597.2 7,614.2
Capitalized Lease Obligations 406.0 n/a 406.0
Total LT Debt 7,017.0 550.4 7,567.4
Minority Interest (BS) 137.0 n/a 137.0
Deferred Taxes 59.0 n/a 59.0
Other LT Liab. 2,594.0 743.7 3,337.7
Total Liabilities 14,889.0 1,677.9 16,566.9
Shareholders Equity
Common Stock 1.0 648.5 649.5
Additional Paid in Capital 8,650.0 n/a 8,650.0
Retained Earnings 8,492.0 -528.3 7,963.7
Treasure Stock -8,925.0 -77.1 -9,002.1
Other Equity -204.0 -5.2 -209.2
Total Equity 8,014.0 37.9 8,051.9
Total Liab. & Equity 22,903.0 1,715.9 24,618.9
Shares Outstanding 543.0 126.3 669.3
Cash Flow
Operating Cash Flow
CF Net Income 1,776.0 32.1 1,808.1
CF Depreciation 262.0 3.6 265.6
CF Amortization n/a 484.4 484.4
CF Deferred Taxes 368.0 n/a 368.0
Other Non-Cash Items 5,322.0 15.7 5,337.7
Change in Working Capital -5,170.0 -589.7 -5,759.7
Total Cash From Operating Activities 2,558.0 -53.9 2,504.1
Investing Cash Flow (not calculated)
Capital Expenditures -166.0 -3.1 -169.1
Other Investing Cash Flows -21.0 -3.6 -24.6
Total Cash From Investing Activities -187.0 2.4 -184.6
Financing Cash Flow (not calculated)
Dividends Paid -376.0 n/a -376.0
Purchase Or Sale of Stock -2,599.0 -76.9 -2,675.9
Purchase and Retirement of Debt 840.0 113.7 953.7
Other Financing Cash Flow -184.0 -3.2 -187.2
Total Cash From Financing Activities -2,113.0 33.6 -2,079.4
Exchange Rate Effects -22.0 1.2 -20.8
Net Change in Cash 236.0 -14.4 221.6
Cash Taxes Paid 863.0 4.3 867.3
Cash Interest Paid 412.0 38.8 450.8