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Current DateTime: 06:23:49 10 Feb 2012
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Current DateTime: 06:23:49 10 Feb 2012
LinksList Documentid: 23279714
Expiration DateTime: 2/10/2012 6:24:14 AM

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Current DateTime: 06:23:50 10 Feb 2012
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    • Big Media Names Report Earnings 

        Sirius, Linkedin and Activision will report earnings. So are the stocks hot or not? CNBC's Julia Boorstin & John Carney weigh in.

    • Cisco & News Corp Report Earnings 

        CNBC's Jon Fortt; Shaw Wu, Sterne Agee; and Mark Sue, RBC Capital Markets, discuss Cisco's latest earnings. Also, the update on News Corp's earnings, with CNBC's Julia Boorstin.

    • News Corp Earnings Review 

        Rupert Murdoch just made some big progress in its hacking scandal, which will minimize the embarassing details shared in court, reports CNBC's Julia Boorstin.

    • The Trade on Sprint & Disney Update 

        The Fast Money crew with the trade on Sprint, ahead of its Q4 earnings. Also, CNBC's Julia Boorstin has an update from Disney's conference call, as well as the outlook for ad revenues.

    • Disney Conference Call Update 

        CNBC's Julia Boorstin has the latest details from Disney's conference call, reporting attendance is up at the theme parks, and the company will launch a new broadcast channel in Japan next month.

    • Disney's Iger on Q1 Results 

        Robert Iger, Walt Disney president & CEO, explains how the current quarter is trending in ad sales and parks bookings, with CNBC's Julia Boorstin and Maria Bartiromo.

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Current DateTime: 06:23:50 10 Feb 2012
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Warner's 'Harry Potter' Sequel Pushed Way Back

Published: Thursday, 14 Aug 2008 | 5:58 PM ET
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By: Julia Boorstin
Correspondent

Warner Bros. made a surprise announcement Thursday -- it's pushing the release of its Harry Potter sequel, "Harry Potter and the Half-Blood Prince" from November 11 to July 17, 2009.

That's eight months -- leaving Warner Bros. without its holiday season tentpole!

This is huge: it will impact Time Warner's [TWX  Loading...      ()   ] earnings, and it'll also help other films coming out in November. Warner Bros. is attributing the change to the writers strike.

Alan Horn, Warners' president says the strike slowed down script development, leaving holes in 2009. Horn says in a statement, "We agreed the best strategy was to move 'Half-Blood Prince' to July, where it perfectly fills the gap for a major tentpole release for mid-summer."

But Pali Research analyst Rich Greenfield says this move is to help Time Warner hit its targets. Greenfield writes:

"We believe TWX is shifting the film to help it achieve earnings expectations in 2008 (moving expensive P & A out of Q4 2008, at the same time that several successful films are set to hit DVD for Warner)." (More Big Screens are going 3-D. See video)

Greenfield also points out how this will help the rest of the landscape, opening up the playing field for Dreamworks Animation's "Madagascar 2", which opens on November 7, and Disney's November 21 debut of "Bolt."

"Harry Potter" is a tremendous franchise for Warner Bros., and this shift is a testament to the long-term impact of the writers' strike. It also demonstrates the relative extremes studios and media companies are willing to go to to hit Wall Street targets. Trailers for the film are already running, and the studio says post-production is finished, so it's really about delaying the costs of the release.

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