Verizon, DreamWorks Animation, Hearst And AwesomenessTV To Redefine Premium Mobile Video

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Go back to Verizon, DreamWorks Animation, Hearst And AwesomenessTV To Redefine Premium Mobile Video

FBR Capital Remains Bullish on DreamWorks Animation SKG (DWA) Following Announced Sale of AwesomenessTV Stake to Verizon

April 6, 2016 1:22 PM EDT

FBR Capital reiterated an Outperform rating and $29.00 price target on DreamWorks Animation (NASDAQ: DWA) following the company's announced deal to sell a 24.5% stake in AwesomenessTV to Verizon. Jeffrey Katzenberg was quoted in the press release providing a modicum of guidance, saying that ATV's "annual revenues" are "expected to more than double in the first 12 months of... More

Stifel Reiterates Buy on DreamWorks Animation SKG (DWA) as Verizon (VZ) Acquires 24.5% Stake in AwesomenessTV

April 6, 2016 9:44 AM EDT

Stifel reiterated a Buy rating and $34.00 price target on DreamWorks Animation (NASDAQ: DWA) following Verizon's (NYSE: VZ) acquisition of 24.5% stake in AwesomenessTV. DreamWorks remains the majority owner with a 51% ownership stake. The deal values ATV at $650mn, double the valuation of when Hearst... More