pressofAtlanticCity.com: Your source for the latest Breaking News plus Local, Business, Sports, Entertainment & Video News for Southern New Jersey

default avatar
Welcome to the site! Login or Signup below.
|
Not you?||
Logout|My Dashboard
AAA  Nov. 16, 2012
Movies and more
By ALEX VEIGA
  •       Text Size    
  •       AIM Article
  •       Share Article

Buy AP Photo Reprints

It's awards season and the major movie studios are rolling out their slate of Oscar contenders.

The latest James Bond film is already a $500 billion blockbuster, and this week's "Twilight" series finale is among the eagerly awaited releases that have Hollywood anticipating a stronger holiday season box office than a year ago.

Should investors think about adding some movie magic to their portfolios?

Six of the biggest movie studios are owned by large media conglomerates such as Walt Disney, Sony, Viacom and Time Warner.

"The movies for these larger companies are becoming less important over time," says Michael Corty, a Morningstar financial analyst. That means investors are better off focusing on the bigger picture, rather a company's film business.

Corty suggests looking at companies, with thriving TV or cable networks that now account for an increasing part of revenue.

Associated Press
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.