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News: Silver via Media Man and FxPro
October
22, 2024
Silver:
Shakeout, but Not the End of the Mega-Rally Ahead
Silver
revived last week and made a decisive move on Friday
to renew multi-year highs. At the start of the new
week, the price was above $34 per troy ounce, a level
last seen in November 2012.
Since
May this year, prices have pulled back several times,
but silver broke through resistance at $32 and rose
more than 7% on Friday, adding to Mondays 1.3%
gain.
The
Relative Strength Index (RSI) has surged above 70
on the daily chart, indicating that silver may be
approaching overheated territory, particularly
as RSI readings near 80. However, this range is also
often accompanied by accelerating gains.
The
next potential upside target for silver looks to be
the $35 area, where the 2012 rally ended after the
2011 sell-off. However, a potential shakeout of short-
and medium-term bullish positions in the $32$35
range could pave the way for long-term buyers to step
in decisively. This shift may set the stage for silver
to target a new all-time high, potentially surpassing
the $50 mark reached in April 2011.
News
Flashback
Commodities
News: Silver via Media Man and FxPro
May
16, 2024
After
surpassing $30, silver may aim for $50
Silver
climbed above $29.8, rewriting the highs from January
2021, but once again faced selling intensification
from that level for the first time in four years and
has pulled back to $29.40 at the time of writing.
Silver
does not look overheated, as it is only now entering
overbought territory on the RSI on the daily timeframes.
Last month, silver was actively added for another
three weeks after the RSI entered levels above 70.
A two-week pullback in the second half of April later
removed that overbought area. Technically, this clears
the way up.
The
upside potential after the pullback is also indicated
by the April correction fitting into a classic Fibonacci
pattern with a pullback to 61.8% of the initial rally
from late February, followed by a quick recovery.
A strong rise above the recent peaks will be an important
confirmation of the growth extension and will make
the $33 level a likely target for a new impulse.
We
also note that the fresh assault on the 30 level came
just a month after the previous one, and this rally
started from a higher level than what we saw in March
or 3-4 years ago.
Long-term
trends are also on the bulls' side. In the last two
years, they have been able to quickly turn the price
to the upside after dips under the 200-week moving
average. This year, the price is successfully pulling
away from that line, but the most furious part of
the rally may be ahead.
Silver
could be ready to repeat the growth spurt it showed
in 2010-2011. Back then, the multi-year resistance
was at the $20 level, and the acceleration came after
the 50-week moving average exceeded the 200-week moving
average, and the price took that important round level.
We have already gotten the first signal, so we must
wait for the overcoming of $30 at the end of the week
to confirm the bullish sentiment.
A
move above $30 will make us seriously consider levels
above $50/oz as a long-term target, repeating the
2011 and 1980 peaks.
News
Silver
News/Profile via Grok
Silver,
as a precious metal, holds both industrial and investment
value, and here are some key points based on recent
information:
Market
Price: As of the latest updates, silver's spot price
has shown some volatility but has been trading in
a range around $31 to $33 per ounce, with some forecasts
and market sentiments indicating potential for an
increase. Recent posts on X and market analyses suggest
that silver might be in a "buy the dip"
zone around $32-$33, indicating a possible upcoming
increase in value.
Market
Sentiment: There's a mix of speculation and analysis
on platforms like X suggesting that silver could be
gearing up for a significant move. Some investors
and analysts are looking at silver's price movements
as setting up for a "ballistic phase" or
expecting a "big green candle," which in
trading terms means a substantial upward price movement.
Physical
vs. Paper Silver: Discussions on X highlight a noted
discrepancy between the physical silver market and
the paper silver market (futures, ETFs, etc.). There's
talk of a physical shortage, with massive daily trading
volumes in the paper market significantly exceeding
the global annual physical supply, suggesting manipulation
or at least a disconnect that could lead to a price
surge if physical demand increases or if there's a
rush to physical delivery.
Investment
and Strategic Moves: Some sovereign nations and large
investors are reportedly increasing their silver reserves,
which could be in anticipation of a price surge or
as a hedge against currency fluctuations and inflation.
This behavior supports the narrative of silver being
undervalued or strategically important.
Technical
Analysis: Various traders and market observers on
X are discussing technical patterns like forming a
right shoulder in what could be an inverse head and
shoulders pattern, a bullish indicator in technical
analysis. This pattern, if completed and followed
through, would suggest a breakout to higher price
levels.
Manipulation
and Banking: There's ongoing commentary about silver
price manipulation, with claims that banks might be
facing mounting losses on short positions, potentially
leading to a situation where they might need to flip
their positions, which could drive the price up.
Global
Economic Factors: The price of silver, like other
commodities, is also influenced by broader economic
conditions, including inflation rates, dollar strength,
and geopolitical stability. Recent posts reflect an
expectation of significant market movements influenced
by these factors.
Remember,
while these insights offer a snapshot based on recent
discussions and analyses, the silver market can be
influenced by numerous unpredictable factors, including
but not limited to industrial demand, investment demand,
mining supply, and global economic policies. Always
consider such information as part of a broader research
strategy when thinking about investments or market
predictions. (Grok)
News
Gold
News/Profile via Grok
Gold
is a chemical element with the symbol Au (from Latin:
aurum) and atomic number 79, making it one of the
higher atomic number elements that occur naturally.
Here's a brief overview based on general knowledge
up to 2024:
Physical
Properties:
Color:
Gold is a bright, slightly orange-yellow, dense, soft,
malleable, and ductile metal in its pure form.
Density:
Gold has a density of 19.3 g/cm³, which is one
of the reasons it's considered heavy.
Conductivity:
It is an excellent conductor of heat and electricity.
Chemical
Properties:
Reactivity:
Gold is one of the least reactive chemical elements.
It does not react with oxygen, which means it does
not rust or tarnish in air or water.
Corrosion:
Gold is resistant to most acids, though it can dissolve
in aqua regia (a mixture of nitric acid and hydrochloric
acid), and in alkaline solutions of cyanide.
Uses:
Jewelry:
Gold's most traditional and well-known use is in jewelry.
Investment:
Gold is used as an investment or store of value. People
invest in gold bars, coins, and ETFs.
Electronics:
Due to its conductivity, gold is used in connectors,
switch contacts, and in the circuitry of mobile phones
and computers, although in minute quantities due to
its cost.
Medicine:
Gold compounds are used in the treatment of certain
medical conditions, like rheumatoid arthritis, and
in some innovative medical technologies.
Dentistry:
Gold alloys are used for fillings, crowns, bridges,
and orthodontic appliances because of their corrosion
resistance and biocompatibility.
Cultural
and Economic Significance:
Currency:
Historically, gold was used as currency; the gold
standard was a monetary system where a country's currency
or paper money had a value directly linked to gold.
Although no country currently uses the gold standard,
gold remains a global reserve asset.
Symbolism:
Gold often symbolizes power, strength, wealth, warmth,
happiness, love, hope, optimism, intelligence, justice,
balance, and perfection.
Mining
and Production:
Gold
is mined on every continent except Antarctica. China,
Australia, Russia, and the United States are among
the leading producers of gold.
Market
Dynamics:
The
price of gold can fluctuate based on economic conditions,
inflation rates, currency strength, geopolitical stability,
and market speculation. As of my last update, gold
prices can experience volatility due to these factors,
often being seen as a "safe haven" investment
during times of economic uncertainty.
If
you're looking for the latest updates on gold prices
or market conditions as of October 2024, posts on
financial news platforms or X would indicate that
gold has been trading near or setting new highs in
USD terms, influenced by various global economic factors
including but not limited to safe-haven demand, monetary
policies, and geopolitical events. However, for the
most current price or detailed market analysis, checking
real-time financial news or market data would be necessary.
(Grok)
The
Sydney Morning Herald - Business
News.com.au
- Finance - Business
The
Australian Financial Review - Companies
AFR
- Companies Index
The
Australian Financial Review - Media and Marketing
Valuetainment
- Business
Financial
Times
In
economics, a commodity is an economic good or service
that has full or substantial fungibility: that is,
the market treats instances of the good as equivalent
or nearly so with no regard to who produced them.
The
price of a commodity good is typically determined
as a function of its market as a whole: well-established
physical commodities have actively traded spot and
derivative markets. The wide availability of commodities
typically leads to smaller profit margins and diminishes
the importance of factors (such as brand name) other
than price.
Most
commodities are raw materials, basic resources, agricultural,
or mining products, such as iron ore, sugar, or grains
like rice and wheat. Commodities can also be mass-produced
unspecialized products such as chemicals and computer
memory.
Hard
and soft commodities
Soft
commodities are goods that are grown, such as wheat,
or rice.
Hard
commodities are mined. Examples include gold ,silver,
helium, and oil.
Energy
commodities include electricity, gas, coal and oil.
Electricity has the particular characteristic that
it is usually uneconomical to store, and must therefore
be consumed as soon as it is produced.
(Wikipedia)
Markets
and Commodities
July
9, 2024
Australian
Dollar: $0.6735 USD (down $0.0003 USD)
Iron
Ore Aug Spot Price (SGX): $108.75 USD (down $1.50
USD)
Oil
Price (WTI): $82.30 USD (down $0.86 USD)
Gold
Price: $2,358.93 USD (down $32.66 USD)
Copper
Price (CME): $4.6035 USD (down $0.0645 USD)
Bitcoin:
$56,215.84 USD (down 1.75% in last 24 hours)
Dow
Jones: 39,344.79 (down 31.08 points on Friday's close)
(Roy
Morgan Summary)
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Euro,
Gold, Crypto and more via Media Man and FX Pro
A
strong current account surplus may not help euro
The
eurozone's current account surplus climbed to a six-month
high of 31.9bn in December. Analysts, on average,
had expected a decline to 20.3 bn from 22.5 bn the
previous month. The current level was seen in the
eurozone during the relatively benign pre-Covid period
and sometime before Natural Gas prices spiked in the
second half of 2021.
The
normalisation of the surplus is good news for the
single currency, as it means more net capital inflows
into the region. But this growth has been fuelled
by falling imports, which can be the result of lower
commodity and energy prices (which is a very good
thing), but also partly indicative of a slowdown in
domestic demand. This threatens to translate into
economic contraction in the coming months.
The
euro area experienced periods of severe import contraction
in late 2008 and early 2010, and in both cases, the
economy experienced a severe downturn. Back in 2008,
all this was accompanied by the collapse of the euro.
Gold
Gold
rises but within a downward channel
Gold
rallied for the fourth consecutive session to reach
$2023, recovering almost all the losses suffered the
week before on the back of the inflation report. Gold's
ability to rally suggests continued domestic demand,
as some investors are clearly rushing to buy back
any losses.
At
the same time, however, we note that since the beginning
of the year, gold has been characterised by solid
selloffs on the news, forming a smooth downtrend.
In the context of this downtrend, a rise to $2040-2045,
which is the upper boundary of the bearish range,
looks quite acceptable.
The
area around $2035 - the highs of two weeks ago - also
appears to be a crucial intermediate level. Confident
buying from this level would be the first important
signal that the recent correction is over and that
gold is ready to make a fresh assault on the highs.
Much
more important, however, will be the behaviour of
gold as it approaches the $2050 level, where the reversal
of the decline in late January took place.
Consolidation
at this level would confirm the breakdown of the downtrend
and set the stage for a move towards $2100 and the
subsequent renewal of historic highs.
However,
as long as gold is trading within the downtrend, there
is a greater chance of a breakdown or even an acceleration
of the downtrend.
Among
the fundamental factors, the potential for growth
could be provided by the fall in the dollar if Fed
officials show a softening of their position, bringing
the start of interest rate cuts closer.
On
the bearish side, equities could come under pressure
following the optimistic rally in the tech giants
and the news of a sharp slowdown in economic activity.
We also do not rule out the possibility that the recent
support measures for the Chinese stock market and
property sector will cool demand for gold as a safe-haven
for investors from that part of the world.
Cryptocurrency
Crypto
market growth halted amid capital inflows
Market
picture
The
crypto market has corrected 0.46% in the last 24 hours,
fluctuating within a narrow range without a clear
direction. Bitcoin is down 1% but up 3.7% over seven
days, Ethereum is flat for the day but up 10.6% over
the week. The top coins are mixed with BNB +2% and
Solana -2.5%.
Bitcoin
is currently drawing its fourth daily candle with
opening and closing levels close to each other. Such
sideways consolidations are characteristic of strong
bull markets, as opposed to corrective pullbacks on
smoother rallies.
Ethereum
hit local highs on rumours of a positive regulatory
decision before the end of March. Bloomberg analyst
James Seyffarth bet 4 ETH that the SEC will not approve
a spot Ethereum ETF next month.
According
to data from CoinShares, investment in crypto funds
rose by a record $2.452 billion last week, following
inflows of $1.116 billion the previous week.
Bitcoin investments increased by $2.424 billion, Ethereum
by $21 million, Cardano lost $6 million, and Solana
lost $1.6 million.
Since
the beginning of the year, crypto funds have seen
inflows of an impressive $5.2 billion, with total
AUM rising to $67 billion, the highest since December
2021.
News
background
Bitcoin
will see institutional support in the next three to
six months, according to Coinbase. Bitcoin ETFs could
eventually become a major competitor to gold funds.
According to IntoTheBlock, there is an 85% chance
that Bitcoin will reach a new all-time high within
the next six months. Five factors could contribute
to this: the halving of the price, ETFs, monetary
easing, the US election, and companies accumulating
BTC as part of their treasuries.
Former
CIA contractor Edward Snowden, who has been living
in Russia since 2013, called bitcoin the most significant
achievement of the financial system in the entire
existence of money and means of exchange.
Amberdata
admitted that Ethereum will outpace Bitcoin in terms
of growth due to more constructive deflationary policies.
The supply of ETH has been decreasing since September
2022, thanks to the update of The Merge, as well as
the implementation of a mechanism to burn part of
the commissions. During this time, around 0.36 million
ETH, or 0.3% of the total supply of 120 million coins,
have been removed from circulation.
Via
Roy Morgan Research and Media Man social media
Copper,
gold, and Bitcoin rise; Iron ore and oil fall; ASX
to fall in response to selling on Wall Street; US
vetoes Arab-backed UN resolution demanding ceasefire
in Gaza; Assange's lawyers warn that he risks 'flagrant
denial of justice' if he is tried in US
Latest
updates on Key Economic Indicators
21
February 2024
Roy
Morgan Summary
Australian
Dollar: $0.6550 USD (up 0.0011 USD)
Iron Ore Mar Spot Price (SGX): $120.85 USD (down $6.40
USD)
Oil
Price (WTI): $78.27 USD (down $1.02 USD)
Gold
Price: $2,024.37 USD (up $6.43 USD)
Copper
Price (CME): $3.8595 (up $0.0465 USD)
Bitcoin:
$52,059.35 (up 0.35% in last 24 hours)
New
report reveals Roy Morgan is one of Australia's leading
data companies - with in-depth information on millions
of Australians based on their Helix Personas
Market
Research Update
20
February 2024
Roy
Morgan Summary
Roy
Morgan leads the way as one of Australia's leading
data companies. A special in-depth report into Australia's
leading data companies interviewed Roy Morgan CEO
Michele Levine and Executive Chairman Gary Morgan
about the role the company plays in compiling data
and building profiles of different Australians. One
of Roy Morgan's key products is 'Helix Personas' which
profiles people under headings such as "young
and platinum", "smart money", "cautious
conservatives", "fair go", "working
hard" and nearly 50 other personas. For example,
the "young and platinum" group love their
mobile devices and are "always on the hunt for
the shiny, new and cool" and "making the
rent". Their income is around the $64,000 a year
mark and they can often be found "living a conventional
life centred around family".
Roy
Morgan CEO Michele Levine confirmed that the Helix
Personas market segments are based on statistical
information, not data from individual people. "It's
totally ethical. Unlike Facebook or any of these things,
it's not any particular individual", Roy Morgan's
chief executive Michele Levine, said.: 38,582.12 at
3.22pm NY time (down 45.87 points on Friday's close)
Roy
Morgan wins three-year contract to deliver domestic
tourism statistics for Austrade
21
February 2024
Roy
Morgan Summary
From
2025, Roy Morgan will provide Austrade with the world's
best practice survey methodology, big data integration
and modelling techniques to deliver accurate domestic
tourism statistics. Roy Morgan has reimagined the
future of domestic tourism statistics to move Austrade
and its stakeholders to the forefront of tourism intelligence
with a new platform that will drive the future of
Australia's tourism industry, which is estimated to
be worth in excess of $160 billion. Portia Morgan,
the Head of Client Services at Roy Morgan, says that
using face-to-face interviewing, which is the gold-standard
for surveying the population, enhanced with big data
and cutting-edge data science techniques, Roy Morgan
will be delivering a future-proofed system that will
be cost effective, reliable, and accurate. She adds
that Roy Morgan has been delivering survey-based tourism
insights via its Holiday Tracking Survey for 20+ years
and the company is thrilled to be working with Austrade
and the broader industry to provide a deeper of understanding
of how many people are travelling, where they go,
what they do and how they spend their valuable tourism
dollars.
Anti-mining
PM pushes BHP's cash offshore
Roy
Morgan Summary
It
is somewhat hypocritical of the federal government
to flag possible support for Australia's nickel industry,
given that Labor's anti-mining legislation may jeopardise
the expansion of BHP's copper operations in South
Australia. BHP is still likely to proceed with an
expansion, but the previously touted investment of
between $10bn and $15bn is now only a 50 per cent
chance. The new labour laws in the government's industrial
relations reforms mean that BHP is now more likely
to redirect much of this capital investment to its
criticals minerals projects in other countries; rival
miner Rio Tinto is already doing this.
More
than 2.7 million New Zealanders now read newspapers
and magazine audiences surge to over 1.7 million
21
February 2024
Roy
Morgan has released its readership results for New
Zealand's newspapers and magazines for the 12 months
to December 2023. The data shows that 2.73 million
New Zealanders aged 14+ (64.4%) now read or access
newspapers in an average 7-day period via print or
online (website or app) platforms. In addition, 1.71
million New Zealanders aged 14+ (40.3%) read magazines,
whether in print or online either via the web or an
app. The New Zealand Herald is still the nation's
most widely-read publication, with a total cross-platform
audience of 1,720,000 in the 12 months to June 2023
- almost five times as many as the second placed Dominion
Post with a readership of 341,000. Meanwhile, New
Zealand's most widely read magazine is still the driving
magazine AA Directions, which had an average issue
readership of 379,000 during the year to December
(an increase of 63,000 on a year ago).
These
are the latest findings from the Roy Morgan New Zealand
Single Source survey of 6,254 New Zealanders aged
14+ over the 12 months to December 2023.
New
report reveals Roy Morgan is one of Australia's leading
data companies - with in-depth information on millions
of Australians based on their Helix Personas
Market
Research Update
20
February 2024
Roy
Morgan Summary
Roy
Morgan leads the way as one of Australia's leading
data companies. A special in-depth report into Australia's
leading data companies interviewed Roy Morgan CEO
Michele Levine and Executive Chairman Gary Morgan
about the role the company plays in compiling data
and building profiles of different Australians. One
of Roy Morgan's key products is 'Helix Personas' which
profiles people under headings such as "young
and platinum", "smart money", "cautious
conservatives", "fair go", "working
hard" and nearly 50 other personas. For example,
the "young and platinum" group love their
mobile devices and are "always on the hunt for
the shiny, new and cool" and "making the
rent". Their income is around the $64,000 a year
mark and they can often be found "living a conventional
life centred around family". Roy Morgan CEO Michele
Levine confirmed that the Helix Personas market segments
are based on statistical information, not data from
individual people. "It's totally ethical. Unlike
Facebook or any of these things, it's not any particular
individual", Roy Morgan's chief executive Michele
Levine, said.
(Credit:
Roy Morgan Research)
Roy
Morgan Summary
Roy
Morgan leads the way as one of Australia's leading
data companies. A special in-depth report into Australia's
leading data companies interviewed Roy Morgan CEO
Michele Levine and Executive Chairman Gary Morgan
about the role the company plays in compiling data
and building profiles of different Australians.
One
of Roy Morgan's key products is 'Helix Personas' which
profiles people under headings such as "young
and platinum", "smart money", "cautious
conservatives", "fair go", "working
hard" and nearly 50 other personas. For example,
the "young and platinum" group love their
mobile devices and are "always on the hunt for
the shiny, new and cool" and "making the
rent". Their income is around the $64,000 a year
mark and they can often be found "living a conventional
life centred around family". Roy Morgan CEO Michele
Levine confirmed that the Helix Personas market segments
are based on statistical information, not data from
individual people. "It's totally ethical. Unlike
Facebook or any of these things, it's not any particular
individual", Roy Morgan's chief executive Michele
Levine, said.
(Credit:
Roy Morgan Research)
Media
Man
Warrner
Bros
Profile
In
2010, the Warner Bros. Pictures Group broke the all-time
industry worldwide box office record with receipts
of $4.814 billion, which surpassed the prior record
of $4.010 billion (set by the Studio in 2009). Warner
Bros. also established a new industry benchmark for
the international box office with a total of $2.93
billion (marking a record third time of crossing the
$2 billion threshold) and retained its leading domestic
box office ranking with receipts of $1.884 billion.
2010 also marked the 10th consecutive year Warner
Bros. Pictures passed the billion dollar mark at both
the domestic and international box offices. Warner
Home Video was, once again, the industrys leader,
with an overall 20.6 percent marketshare in total
DVD and Blu-ray sales. The companies comprising the
Warner Bros. Television Group and Warner Bros. Home
Entertainment Group remain category leaders, working
across all platforms and outlets, and are trendsetters
in the digital realm with video-on-demand (transaction
and ad-supported), branded channels, original content,
anti-piracy technology and broadband and wireless
destinations.
The
Warner Bros. Pictures Group brings together the Studios
motion picture production, marketing and distribution
operations into a single entity. The Group, which
includes Warner Bros. Pictures and Warner Bros. Pictures
International, was formed to streamline the Studios
film production process and bring those businesses
organizational structures in line with Warner Bros.
television and home entertainment operations.
Warner
Bros. Pictures produces and distributes a wide-ranging
slate of some 18-22 films each year, employing a business
paradigm that mitigates risk while maximizing productivity
and capital. Warner Bros. Pictures either fully finances
or co-finances the films it produces and maintains
worldwide distribution rights. It also monetizes its
distribution and marketing operations by distributing
films that are totally financed and produced by third-parties.
The Studios 2011 slate includes Sucker
Punch, The Hangover Part II, Green
Lantern, Harry Potter and the Deathly
Hallows Part 2, Happy Feet 2
and Sherlock Holmes: A Game of Shadows.
Warner
Bros. Pictures International is a global leader in
the marketing and distribution of feature films, operating
offices in more than 30 countries and releasing films
in over 120 international territories, either directly
to theaters or in conjunction with partner companies
and co-ventures.
New
Line Cinema, part of Warner Bros. Entertainment since
2008, coordinates its development, production, marketing,
distribution and business affairs activities with
Warner Bros. Pictures to maximize film performance
and operating efficiencies. Highlights of New Lines
2011 release slate, distributed by Warner Bros., include
Horrible Bosses, Final Destination
5, A Very Harold & Kumar 3D Christmas
and New Years Eve.
The
Warner Bros. Television Group oversees and grows the
entire portfolio of Warner Bros. television
businesses, including worldwide production, traditional
and digital distribution, and broadcasting. In the
traditional television arena, WBTVG produces primetime
and cable (Warner Bros. Television and Warner Horizon
Television), first-run syndication (Telepictures Productions)
and animated (Warner Bros. Animation) programming,
which is distributed worldwide by two category-leading
distribution arms/operations (Warner Bros. Domestic
Television Distribution and Warner Bros. International
Television Distribution).
Among
the primetime series produced by divisions of the
Warner Bros. Television Group are Two and a
Half Men, The Big Bang Theory, The
Mentalist, Mike & Molly, Fringe,
Gossip Girl, The Vampire Diaries,
Nikita, The Middle, Southland,
The Closer, Rizzoli & Isles,
Supernatural, The Bachelor,
Pretty Little Liars, Randy Jackson
Presents Americas Best Dance Crew and
many more. Also produced by the company are first-run
syndicated programs such as The Ellen DeGeneres
Show, TMZ and Extra,
among others, as well as animated shows Scooby-Doo!
Mystery Incorporated and Young Justice.
WBTVG
is an innovative leader in developing new business
models for the evolving television landscape, including
ad-supported video-on-demand, broadband and wireless,
and has digital distribution agreements in place with
all of the broadcast networks. Internationally, the
Studio is one of the worlds largest distributors
of feature films, television programs and animation
to the worldwide television marketplace, licensing
some 50,000 hours of television programming, including
more than 6,000 feature films and 50 current series,
dubbed or subtitled in more than 40 languages, to
telecasters and cablecasters in more than 175 countries.
WBTVG
provides original shortform programming for the broadband
and wireless marketplace through its Studio 2.0 digital
venture, and its digital media sales unit is devoted
specifically to multiplatform domestic advertiser
sales for both broadband and wireless. WBTVG continues
its strategic expansion into digital production and
distribution with the launch of several advertiser-supported
entertainment destinations, including TheWB.com, a
premium, video-on-demand interactive and personalized
network and KidsWB.com, a premium destination built
around youth-oriented immersive entertainment.
The
final component of WBTVG is broadcasting: The CW Television
Network, launched (in partnership with CBS) in September
2006 with quality, diverse programming, is targeted
to the 1834 audience.
Warner
Bros. Animations combined classic and contemporary
library currently boasts 14,000 animated episodes
and shorts which air on domestic broadcast networks,
as well as cable networks and in direct-to-video releases
around the world. The classic library includes such
brands as Looney Tunes, Merrie Melodies, Hanna-Barbera
and Ruby-Spears as well as such beloved characters
as Bugs Bunny, Daffy Duck, Sylvester, Tweety, Taz,
Tom and Jerry, Popeye, Batman, Superman, the Flintstones,
the Jetsons and Scooby-Doo.
Warner
Bros. Home Entertainment Group brings together Warner
Bros. Entertainments home video (Warner Home
Video), digital distribution (Warner Bros. Digital
Distribution), interactive entertainment/videogames
(Warner Bros. Interactive Entertainment), direct-to-consumer
production (Warner Premiere), technical operations
(Warner Bros. Technical Operations) and anti-piracy
(Warner Bros. Anti-Piracy Operations) businesses in
order to maximize current and next-generation distribution
scenarios. WBHEG is responsible for the global distribution
of content through DVD, electronic sell-through and
transactional VOD, and delivery of theatrical content
to wireless and online channels. It is also a significant
worldwide publisher for both internal and third party
videogame titles.
In
2010, Warner Home Video dominated the U.S. market
as the number one company in total sell-through video
(DVD and Blu-ray combined) with 20.6% marketshare,
theatrical catalog, TV on DVD, non-theatrical family
and animation, Blu-ray and VOD. WHV has been the number
one studio in overall DVD sales 14 consecutive years,
and is also the leading studio in the international
home video space.
With
more than 3,700 active licensees worldwide, Warner
Bros. Consumer Products licenses the rights to names,
likenesses and logos for all of the intellectual properties
in Warner Bros. Entertainments vast film and
television library. With a global network of offices
and agents in key regions throughout the world, including
North America, Latin America, Asia and Europe, WBCP
maintains an ongoing commitment to expand and build
the power of its core brands recognition in
the international marketplace through strong and creative
merchandising, promotional marketing and retail programs.
DC
Entertainments DC Comics has been in continuous
publication for more than 60 years, and is the leading
comic book publisher in the industry and the creator
of some of the worlds most recognized icons.
DCs characters continue to headline blockbuster
feature films, live-action and animated television
series, direct-to-video releases, collectors
books, online entertainment, digital publishing, countless
licensing and marketing arrangements and, most recently,
graphic novels. DC continues to attract new readers
and fans all over the world with its signature characters
Superman, Batman, Wonder Woman and Justice League
leading the way.
Warner
Bros. International Cinemas provides a true state-of-the-art
movie experience to audiences in Japan with more than
60 multiplex cinemas and more than 600 screens internationally.
One of the pioneers in multiplex development for the
international marketplace, WBIC is continually exploring
new markets for expansion. (Credit: Warner Bros. Entertainment)
Press
Release
09
August 2010
MICROGAMING SET TO LAUNCH THE LORD OF THE RINGS:
THE FELLOWSHIP OF THE RING ONLINE VIDEO SLOT GAME
First Title to Utilize Proprietary Cinematic Spins
Technology Allowing Players to Experience the Film
with Every Spin
ISLE
OF MAN Microgaming today announced the imminent
launch of a new flagship game, The Lord of the Rings:
The Fellowship of the Ring Online Video Slot Game.
This slot game is the first to utilise Microgamings
new Cinematic Spins technology, allowing gamers
to see clips from the films with every spin.
The
Lord of the Rings: The Fellowship of the Ring is a
new online slot game that is part of a multi-year
licensing agreement Microgaming signed with Warner
Bros. Digital Distribution in 2009. The company is
developing a series of cutting-edge, graphic rich
video slots based on this popular movie trilogy and
will use animation material, themes, and characters,
from the trilogy of The Lord of the Rings motion
pictures that include The Lord of the Rings: The Fellowship
of the Ring, The Lord of the Rings: The Two Towers
and The Lord of the Rings: The Return of the King.
These online slot games will be available to adults
only in countries where online gaming is permitted.
The
Lord of the Rings: The Fellowship of the Ring is the
first online video slot to use Microgamings
Cinematic Spins state-of-the-art gaming technology.
This allows movie clips to act as moving backgrounds
behind the reels during spins providing players an
unprecedented level of excitement and immersion.
Win sequences and expanding wilds also use cinematic
clips, instead of traditional animated graphics. The
slots feature famous scenes from the film including
Ringwraiths during the attack at Weathertop, Balrog
in the Mines of Moria, and Uruk-hai in the woods of
Middle-earth. Players will also enjoy seeing characters
from the films that include Frodo, Aragorn, Saruman
and the deadly Black Riders.
Roger
Raatgever, CEO Microgaming comments: Microgaming
has always been ahead of the curve with innovative
offerings, but this game really does push the boundaries
of what an online slot can do. The Lord of the Rings:
The Fellowship of the Ring looks and feels like an
extension of the big screen film experience and were
confident that our operators will see a great deal
of demand from their players, when the game is released.
This is an important deal for Microgaming and highlights
our commitment to partner with the right brands, at
the right time. The Lord of the Rings is one of the
most successful and well loved brands on the planet
and we are excited about combining this widespread
appeal with Microgamings groundbreaking software.
The
Lord of the Rings Trilogy generated $3 billion in
worldwide box office receipts and was nominated for
a total of 30 Academy Awards®; of which they won
17, including Best Picture.
-
Ends -
Notes to editors:
*Cinematic Spins is a trademark held by Microgaming
©
2010 New Line Productions, Inc. All rights reserved.
The Lord of the Rings: The Fellowship of the Ring,
The Lord of the Rings: The Two Towers, The Lord of
the Rings: The Return of the King and the names of
the characters, items, events and places therein are
trademarks of The Saul Zaentz Company d/b/a Middle-earth
Enterprises under license to New Line Productions,
Inc.
For
further information please contact:
Duncan Skehens / Laura Moss/ Lyndsay Haywood
Lansons Communications
020 7490 8828
DuncanS@lansons.com / LauraM@lansons.com / LyndsayH@lansons.com
Warner Bros. Digital Distribution
Peter
Binazeski
818-977-5701
peter.binazeski@warnerbros.com
About Microgaming (www.microgaming.com)
Since the company developed the first true online
Casino software over a decade ago, it has led the
industry in providing innovative, reliable gaming
solutions. Thanks to an unrivalled R&D programme,
that averages 60 games per year and a unique partnership
approach to working with operators; Microgaming software
powers over 160 market-leading online gaming sites.
The companys front and back-end software supports
multi-player, multi-language games - over 500 of them,
all uniquely branded and provides platforms for land-based
and wireless gaming. Microgaming powers the worlds
largest Progressive Jackpot Network and has paid out
over €265million. In May 2009 it created the
biggest ever online jackpot winner with a single payment
win of €6.37m.
As
a founding member of eCOGRA, Microgaming is at the
forefront of an initiative focused on setting the
highest standards in the gaming industry, and leads
in the areas of fair gaming, responsible operator
conduct and player protection. Microgaming has been
awarded eCOGRAs Certified Software Seal following
a rigorous onsite assessment to ensure that the development,
implementation and maintenance of the software is
representative of industry best practice standards
Microgaming licensees are therefore eligible to apply
for the eCOGRA Safe & Fair Seal.
About
Warner Bros. Digital Distribution
Warner Bros. Digital Distribution (WBDD) manages Warner
Bros. Home Entertainment Group's (WBHEG) electronic
distribution over existing, new and emerging digital
platforms, including pay-per-view, electronic sell-through,
video-on-demand, wireless and more. WBDD also oversees
the WBHEG's worldwide digital strategy, partnerships
in digital services and emerging new clients and business
activities in the digital space.
News
2009
With
Time Warner sitting on $7 billion in cash, the
Marvel deal has ignited rumours of a second wave
of consolidation in the media industry. Dream
Works Animation, home of Shrek, is seen as a potential
takeover candidate, as is MGM with its huge library
of classic films. The games firms Electronic Arts
and Take Two Interactive, with its Grand Theft
Auto franchise, are also being touted as potential
buys.
Profile
Warner
Bros. Entertainment, Inc. (also known as Warner
Bros. Pictures, or simply Warner Bros.) is one
of the world's largest producers of film and television
entertainment.
It is a subsidiary of Time Warner, with its headquarters
in Burbank, California and New York City. Warner Bros.
has several subsidiary companies, including Warner
Bros. Studios, Warner Bros. Pictures, Warner Bros.
Interactive Entertainment, Warner Bros. Television,
Warner Bros. Animation, Warner Home Video, TheWB.com
and DC Comics. Warner owns half of The CW Television
Network.
Founded in 1918 by Jewish immigrants from Poland,
Warner Bros. is the third-oldest American movie studio
in continuous operation, after Paramount Pictures,
founded in 1912 as Famous Players, and Universal Studios,
also founded in 1912.
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