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Your 4 Oscar-Winning Movie Studio Stocks Are…

Picking the winners for best investment in a studio or parent company

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21st Century Fox

  • Total Nominations: 11
  • Best Picture Nominee: 12 Years a Slave
  • FOX Stock: Thumbs up, thumbs down

21st Century FoxThere’s both good and bad news on the Fox front. On one hand, the broadcasting and cable television giant reported a jump in revenue in the fourth quarter, mainly due to satellite TV business.  Its profit of $1.25 billion, or 54 cents a share was a drop from the  $2.23 billion, or 94 cents a share it earned a year earlier, pared by expenses for cable business startups.

Investors are tuned in to the company’s long-term prospects in its lucrative sports and cable network shows. Advertising revenue rose 7% in the fourth-quarter to beat out rivals Viacom (VIAB) and Time Warner thanks to double-digit growth at FX networks, Fox Sports 1 and regional networks.

Fox recently boosted its sports presence further by taking an 80% stake in the YES Network, a regional sports channel focused on the New York Yankees baseball team.

While 12 Years as a Slave earned rave reviews, it wasn’t a huge money-maker. Overall, Fox’s filmed entertainment segment saw a 21% drop in revenue for the fourth quarter.

Written by Karen Ricci

Article printed from InvestorPlace Media,

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