Entertainment Industry Update (SNE, TWX, LCAPA, NWSA, DIS)

Wunderlich Securities has released an update on the Entertainment industry. According to the Wunderlich report, Dear John, Sony Picture’s (ADR) (NYSE: SNE) romantic drama, stopped Avatar’s seven week run as the number one movie on box-office, grossing in $32.4 million, which is a record for a Super Bowl weekend.

Meanwhile, Avatar broke Titanic’s $600.8 million domestic box-office record. Avatar’s domestic box-office collection now stands at $630.1 million.

Among the companies in Wunderlich’s coverage, it has a Buy rating for Time Warner, Inc. (NYSE: TWX), Liberty Media Corp. (NASDAQ: LCAPA), and News Corporation (NASDAQ: NWSA). Wunderlich has a Hold rating for Walt Disney Company (NYSE: DIS).