Hudson Square Research Reiterates Hold on RealD

Hudson Square Research maintains its Hold rating on RealD

as recent reshuffling of movie releases are not seen to materially impact performance. Hudson Square Research says, "Yesterday Paramount Pictures moved the expected release of Hansel and Gretel Witch Hunters to January 11, 2013 from March 2, 2012. We believe the move was strategic and does not reflect any change in the studio's view of 3D. In fact, Paramount also announced that it has acquired worldwide distribution rights to Cirque du Soleil Worlds Away, which will be in 3D. In our view, studios generally remain committed to 3D for the right films. ...We estimate the impact on our FY4Q12 (March) revenue projection at about $2.4M. We believe that this could be offset by better than expected performance from other titles on the 3D slate. We note, however, that we remain cautious about the upcoming re-releases of older films." RLD closed at $8.19 per share on Tuesday.