Piper Jaffray Provides Color on Media and Entertainment
Piper Jaffray provides color on the media and entertainment sector. In a research report published today, Piper Jaffray commented on the performance of the latest sequel of Harry Potter.
In the report, Piper Jaffray states, “Harry Potter and The Deathly Hallows – Part 2 smashed opening records across the board over the weekend, providing a fitting end for a popular franchise. The outperformance of a film franchise this large is positive for the broader filmed entertainment ecosystem, including an incremental positive for exhibitors (CNK, RGC, CKEC), IMAX and RealD.”
On Friday, Cinemark Holdings (NYSE: CNK) lost 0.45% of its value to finish the week at $19.72, while Regal Entertainment (NYSE: RGC) added 1.65% to its value to end the day at $11.73. At the same time, Carmike Cinemas (NASDAQ: CKEC) added 1.64% to its value on Friday to end the day at $6.83, while IMAX (NYSE: IMAX) rose 2.4% to finish the week at $28.64. Finally, RealD (NYSE: RLD) added 1.62% to its value to end the day on Friday at $20.09.
