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Richard Greenfield, Pali Research

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Latest Analyst Comments by Richard Greenfield, Pali Research
 

Analyst: Redbox Window Boon to Blockbuster, VOD (Home Media Magazine) - Feb 19, 2010

In addition, cable operators touting new release movies day and date with packaged media availability (a strategy spearheaded by Warner), as well as Apple's iTunes store, will benefit from the expedited access to 20% of home entertainment's annual releases, according to Pali Capital analyst Richard Greenfield 
Recent Research on Apple Inc (AAPL)
Q4 2009 Apple Inc. Earnings Conference Call (Thomson Street Events)- Oct 19, 2009
more research
Share:  In addition, cable operators touting new release movies day and date with packaged media availability (a strategy spearheaded by Warner), as well as <span class="company">Apple</span>'s iTunes store, will benefit from the expedited access to 20% of home entertainment's annual releases, according to Pali Capital analyst <span class="analyst">Richard Greenfield</span> Tweet this 

@pc2010: What's Different About Today's Media Joint Ventures? (PaidContent) - Feb 19, 2010

[In progress] Pali Capital's Rich Greenfield opened the paidContent 2010 conference at the TimesCenter with a note of skepticism about the recent spate of media joint ventures, such as Hulu or the recently launched YouTube music video channel Vevo. Moderator Quincy Smith, put the question to Rio Caraeff, president & CEO, of Vevo, who said, simply: "If we focus on what the fan wants, instead of the retailer, which has been the traditional focus of the music industry, we'll be successful" 
Recent Research on Google, Inc. (GOOG)
Google at Barclays Technology Conference (Thomson Street Events)- Dec 09, 2009
Google at Thomson Reuters Global Media Summit - New York (Thomson Street Events)- Dec 03, 2009
Google at Piper Jaffray Global Internet Summit (Thomson Street Events)- Nov 11, 2009
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Share:  [In progress] Pali Capital's <span class="analyst">Rich Greenfield</span> opened the paidContent 2010 conference at the TimesCenter with a note of skepticism about the recent spate of media joint ventures, such as Hulu or the recently launched <span class="company">YouTube</span> music video channel Vevo. Tweet this 

[In progress] Pali Capital's Rich Greenfield opened the paidContent 2010 conference at the TimesCenter with a note of skepticism about the recent spate of media joint ventures, such as Hulu or the recently launched YouTube music video channel Vevo. Moderator Quincy Smith, put the question to Rio Caraeff, president & CEO, of Vevo, who said, simply: "If we focus on what the fan wants, instead of the retailer, which has been the traditional focus of the music industry, we'll be successful" 
Share:  [In progress] Pali Capital's <span class="analyst">Rich Greenfield</span> opened the paidContent 2010 conference at the TimesCenter with a note of skepticism about the recent spate of media joint ventures, such as <span class="company">Hulu</span> or the recently launched YouTube music video channel Vevo. Tweet this 

[In progress] Pali Capital's Rich Greenfield opened the paidContent 2010 conference at the TimesCenter with a note of skepticism about the recent spate of media joint ventures, such as Hulu or the recently launched YouTube music video channel Vevo. Moderator Quincy Smith, put the question to Rio Caraeff, president & CEO, of Vevo, who said, simply: "If we focus on what the fan wants, instead of the retailer, which has been the traditional focus of the music industry, we'll be successful" 
Share:  [In progress] Pali Capital's <span class="analyst">Rich Greenfield</span> opened the paidContent 2010 conference at the TimesCenter with a note of skepticism about the recent spate of media joint ventures, such as Hulu or the recently launched <span class="company">YouTube</span> music video channel Vevo. Tweet this 

Analyst: Sales Window Could Drop Redbox Revenue 50% (Home Media Magazine) - Feb 12, 2010

The specter of a possible retail window for new release packaged media could significantly impact DVD rental kiosk market leader Redbox's revenue by 50%, an analyst said. The day after Coinstar Inc, parent of Redbox, disclosed that the kiosk vendor in the most recent quarter had weathered select studio challenges bruised but not beaten, Richard Greenfield, analyst with Pali Capital in New York, issued a note predicting growing storm clouds for the kiosk vendor It should be noted that Greenfield remains a staunch critic (and one of the few) of the $1 DVD rental, spearheaded by Redbox — a market changing price the analyst suggests could send the movie business into the abyss Greenfield said Redbox's business model devalues home entertainment to near penny status and makes alternative distribution formats such as DVD/Blu ray sellthrough, in store and subscription rental, video on demand, and even theatrical appear overpriced "All of the companies we cover in the movie industry will suffer," he wrote in a note 
Recent Research on Coinstar, Inc. (CSTR)
Coinstar, Inc. at Merriman Curhan Ford Investor Summit (Thomson Street Events)- Nov 10, 2009
Q3 2009 Coinstar, Inc. Earnings Conference Call (Thomson Street Events)- Nov 05, 2009
Summary: Coinstar Inc. (S&P Credit Research)- Oct 12, 2009
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Share:  The day after <span class="company">Coinstar</span> Inc, parent of Redbox, disclosed that the kiosk vendor in the most recent quarter had weathered select studio challenges bruised but not beaten, <span class="analyst">Richard Greenfield</span>, analyst with Pali Capital in New York, issued a note predicting growing storm clouds for the kiosk vendor Tweet this 

Dreamworks Animation Hoping to Mine ‘Madagascar’ TV Success on DVD (Home Media Magazine) - Feb 09, 2010

Dreamworks Animation (DWA) is expected to grease its bottom line with today's retail release (Feb. 9) of The Penguins of Madagascar Operation: DVD Premiere, as the studio earmarks a third Madagascar theatrical release in 2012, an analyst said Specifically, Dreamworks Animation is greenlighting TV series based on its lucrative films as a means to maintain consumer awareness in the franchise and mine incremental revenue, according to Pali Capital analyst Richard Greenfield Madagascar (2005) and Madagascar: Escape 2 Africa (2008) generated nearly $374 million in combined domestic box office and represented two of the studio's more successful packaged media releases 
Recent Research on Dreamworks Animation SKG, Inc. (DWA) more research
Share:  Specifically, Dreamworks Animation is greenlighting TV series based on its lucrative films as a means to maintain consumer awareness in the franchise and mine incremental revenue, according to Pali Capital analyst <span class="analyst">Richard Greenfield</span> Tweet this 

Warner CEO Says Regulatory Hurdles Won't Prevent EMI Purchase (Bloomberg) - Feb 09, 2010

Sales rose 3 percent to $918 million, exceeding analysts' estimates of $8712 million A Warner EMI combination would "create meaningful value for both companies," Rich Greenfield , an analyst at Pali Capital LLC in New York, said in December "We'll just have to see how the future plays," Bronfman said "I hope EMI is able to resolve its difficulties in a way that benefits the industry" To contact the reporter on this story: Adam Satariano in San Francisco at asatariano1@bloombergnet 
Share:  A Warner <span class="company">EMI</span> combination would "create meaningful value for both companies," <span class="analyst">Rich Greenfield</span> , an analyst at Pali Capital LLC in New York, said in December Tweet this 

A Warner EMI combination would "create meaningful value for both companies," Rich Greenfield , an analyst at Pali Capital LLC in New York, said in December 
Recent Research on Warner Music Group Corp (WMG)
Q4 2009 Warner Music Group Earnings Conference Call (Thomson Street Events)- Nov 24, 2009
Warner Music Group Corp. (S&P Credit Research)- Oct 19, 2009
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Share:  A <span class="company">Warner</span> EMI combination would "create meaningful value for both companies," <span class="analyst">Rich Greenfield</span> , an analyst at Pali Capital LLC in New York, said in December Tweet this 

Sales rose 3 percent to $918 million, exceeding analysts' estimates of $8712 million A Warner EMI combination would "create meaningful value for both companies," Rich Greenfield , an analyst at Pali Capital LLC in New York, said in December "We'll just have to see how the future plays," Bronfman said "I hope EMI is able to resolve its difficulties in a way that benefits the industry" To contact the reporter on this story: Adam Satariano in San Francisco at asatariano1@bloombergnet 
Share:  A Warner <span class="company">EMI</span> combination would "create meaningful value for both companies," <span class="analyst">Rich Greenfield</span> , an analyst at Pali Capital LLC in New York, said in December Tweet this 

Warner chief sees no barriers to EMI tie-up (Financial Times) - Feb 09, 2010

Warner Music sees no regulatory barrier to a bid for all or part of EMI, its chairman and chief executive said yesterday, heightening expectations that the UK music group's debt troubles might lead to a . combination of the two labels. "We feel 
Share:  Warner Music sees no regulatory barrier to a bid for all or part of EMI, its chairman and chief executive said yesterday, heightening expectations that the UK music group's debt troubles might lead to a . combination of the two labels. Tweet this 

MTV Gets HD Launches on Time Warner (Multichannel News - Blogs) - Feb 07, 2010

Back in , Pali Capital analyst Rich Greenfield observed that Viacom's MTV Networks only had the concert music channel, Palladia, launched on the key Time Warner Cable systems in Manhattan and Los Angeles 
Share:  Back in , Pali Capital analyst <span class="analyst">Rich Greenfield</span> observed that Viacom's <span class="company">MTV Network</span>s only had the concert music channel, Palladia, launched on the key Time Warner Cable systems in Manhattan and Los Angeles Tweet this 

Back in , Pali Capital analyst Rich Greenfield observed that Viacom's MTV Networks only had the concert music channel, Palladia, launched on the key Time Warner Cable systems in Manhattan and Los Angeles He observed that TWC and MTVN did a big carriage deal in , and expanded its HD offerings overall starting in February Since then I've been watching for other MTVN HD channels to appear, and now they have I'm not sure when they launched exactly: TWC of NYC and New Jersey's channel changes page doesn't mention it 
Recent Research on Time Warner Cable Inc. (TWC)
Moody's comments on Time Warner Cable's new quarterly dividend (Moody's Global Credit Research)- Jan 28, 2010
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Share:  Back in , Pali Capital analyst <span class="analyst">Rich Greenfield</span> observed that Viacom's MTV Networks only had the concert music channel, Palladia, launched on the key <span class="company">Time Warner Cable</span> systems in Manhattan and Los Angeles Tweet this 

Back in , Pali Capital analyst Rich Greenfield observed that Viacom's MTV Networks only had the concert music channel, Palladia, launched on the key Time Warner Cable systems in Manhattan and Los Angeles 
Recent Research on Viacom, Inc. (VIA)
Summary: Viacom Inc. (S&P Credit Research)- Jan 25, 2010
Viacom Inc. (Moody's Global Credit Research)- Jan 07, 2010
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Share:  Back in , Pali Capital analyst <span class="analyst">Rich Greenfield</span> observed that <span class="company">Viacom</span>'s MTV Networks only had the concert music channel, Palladia, launched on the key Time Warner Cable systems in Manhattan and Los Angeles Tweet this 

IN EMI BATTLE, CITIGROUP IS AT ODDS WITH PRIVATE EQUITY FIRM (El Paso Inc) - Feb 06, 2010

As for the recorded music division, there is one likely buyer: Warner Music In December, Richard Greenfield, a media analyst at Pali Research, wrote that Warner Music was "hoarding cash" in the hope of doing just that sometime in the coming year 
Share:  In December, <span class="analyst">Richard Greenfield</span>, a media analyst at Pali Research, wrote that <span class="company">Warner Music</span> was "hoarding cash" in the hope of doing just that sometime in the coming year Tweet this 

Putting Kiosks in a Box (Home Media Magazine) - Feb 03, 2010

They may be able to work around the margins by getting copies from retailers that are not cutting buys, but that is a lot harder than walking from the Wal mart counter to the kiosk to load new release discs Again, whether or not this is some sort of conspiracy will need to be proven in court, but it may be that retailers have a legitimate business reason for limiting kiosks such as Redbox and e Play (which this week suspended operations and pulled tests at Wal Mart and Best Buy) The kiosk relationship may not be as beneficial to Wal Mart as it has been in the past, noted Pali Equity Research analyst Richard Greenfield in discussing the buy limit policy 
Share:  The kiosk relationship may not be as beneficial to <span class="company">Wal Mart</span> as it has been in the past, noted Pali Equity Research analyst <span class="analyst">Richard Greenfield</span> in discussing the buy limit policy Tweet this 

Is Wal-Mart Thwarting Redbox? (Forbes.com: Latest Headlines) - Jan 29, 2010

We have the ability to open one kiosk per hour The only way the studios can stop us is if they don't stock stores like Target and Wal Mart" Now it looks like the retailers are also trying to stop Redbox Pali Research analyst Rich Greenfield says that Wal Mart has stopped facilitating Redbox's purchases by limiting DVD sales to five per customer and putting signs up in stores that say "No Dealers Please" Greenfield estimates that Redbox has to buy at least 22 million DVDs annually at retail to keep its boxes stocked 
Share:  Pali Research analyst <span class="analyst">Rich Greenfield</span> says that <span class="company">Wal Mart</span> has stopped facilitating Redbox's purchases by limiting DVD sales to five per customer and putting signs up in stores that say "No Dealers Please" Tweet this 

Less Than ‘Extraordinary’ Box Office Doesn’t Bode Well for DVD (Home Media Magazine) - Jan 25, 2010

The lackluster opening weekend box office ($7 million) for CBS Films' inaugural release, Extraordinary Measures, despite heavy network promotion and name cast (Harrison Ford, Brendan Frasier), underscores the fickle nature of movie consumers. It also makes the movie unlikely to generate significant DVD/Blu ray Disc sales, according to Pali Capital analyst Richard Greenfield Sony Pictures Home Entertainment handles all home entertainment distribution, including digital, for CBS Films as part of a three year deal The analyst said lower box office titles have increasingly been failing to perform in a sellthrough market driven by blockbuster hits 
Share:  It also makes the movie unlikely to generate significant DVD/Blu ray Disc sales, according to Pali Capital analyst <span class="analyst">Richard Greenfield</span> Tweet this 

The lackluster opening weekend box office ($7 million) for CBS Films' inaugural release, Extraordinary Measures, despite heavy network promotion and name cast (Harrison Ford, Brendan Frasier), underscores the fickle nature of movie consumers. It also makes the movie unlikely to generate significant DVD/Blu ray Disc sales, according to Pali Capital analyst Richard Greenfield Sony Pictures Home Entertainment handles all home entertainment distribution, including digital, for CBS Films as part of a three year deal The analyst said lower box office titles have increasingly been failing to perform in a sellthrough market driven by blockbuster hits 
Recent Research on CBS Corporation (CBS)
CBS Corp. (S&P Credit Research)- Dec 21, 2009
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Share:  It also makes the movie unlikely to generate significant DVD/Blu ray Disc sales, according to Pali Capital analyst <span class="analyst">Richard Greenfield</span> Tweet this 

Cablevision, Scripps Finally Stop Haggling, Bring Back Food Network, HGTV (The Business Insider) - Jan 22, 2010

it sounds like this could happen again soon Richard Greenfield, a media analyst at Pali Capital, told the New York Times that "carriage disputes are getting uglier," and that "the industry needs a spine to fight rapidly escalating costs"  
Recent Research on Cablevision Systems Corporation (CVC) more research
Share:  <span class="analyst">Richard Greenfield</span>, a media analyst at Pali Capital, told the New York Times that "carriage disputes are getting uglier," and that "the industry needs a spine to fight rapidly escalating costs" Tweet this 

Food Network and HGTV Back Aboard Cablevision (NYT - Media & Advertising) - Jan 21, 2010

It wanted a smaller increase for HGTV, which earned closer to 13 cents on average Cablevision rebuffed Scripps, saying that it had to hold the line on cost increases Richard Greenfield, a media analyst at Pali Capital, said Cablevision was right to fight over rises in what the industry calls carriage fees "Carriage disputes are getting uglier," he said "But where you have leverage you need to take a stand" 
Share:  <span class="analyst">Richard Greenfield</span>, a media analyst at Pali Capital, said <span class="company">Cablevision</span> was right to fight over rises in what the industry calls carriage fees Tweet this 

Bio
 

Richard Greenfield

Pali Research

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Richard Greenfield

About Richard Greenfield:

Richard Greenfield provides coverage of the Media, Entertainment, and Cable Systems industries. Prior to Pali, Mr. Greenfield spent two and a half years as a Media analyst at Fulcrum Global Partners, and prior to that he was at Goldman Sachs for over eight years covering the Entertainment, Cable Systems, and Leisure industries. Mr. Greenfield was named top Independent Entertainment and Cable/Satellite analyst in both 2005 and 2004 by Institutional Investor magazine. Mr. Greenfield holds a B.A. in History from Brandeis University. He resides in New York, NY with his wife and daughter.

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