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Higher One Holdings, Inc. Hires New Investor Relations Manager

By Business Wirevia The Motley Fool

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Higher One Holdings, Inc. Hires New Investor Relations Manager

NEW HAVEN, Conn.–(BUSINESS WIRE)– Higher One Holdings, Inc. (NYS: ONE) ,a leader in providing financial services and data analytics to over 1,300 college and university campuses across the U.S., announced today the hiring of Joseph Villalta to the position of Investor Relations Manager. Joseph will be responsible for developing and implementing Higher One‘s investor relations strategy and its day-to-day contact with the investment community. He will report to Christopher Wolf, Chief Financial Officer.

“We are pleased to welcome Joseph to Higher One. His extensive background and investor relations experience is a great addition to the team as we continue to build on our capital market efforts,” said Mark Volchek, CEO of Higher One Holdings.

Joseph began his career in 2003 working as an associate at Brainerd Communicators where he supported the Investor Relations programs for large-cap media companies such as Cablevision, Comcast, Pixar Animation Studios and Liberty Media. He then joined The Ruth Group (TRG) in 2005, where he led the Investor Relations practice for the firm’s Technology clients. While at TRG, Joseph built award winning programs for companies such as NETGEAR, Inc., Freescale Semiconductor, MagnaChip and Sina.com. Following his seven year tenure at TRG, he joined Dresden, Germany-based Novaled AG, where he focused on creating the Investor Relations infrastructure to reflect Novaled’s intended U.S. Initial Public Offering.

About Higher One Holdings, Inc.

Higher One Holdings, Inc. (NYS: ONE) is a leading company focused on creating cost-saving efficiencies for higher education institutions and providing high-value services to students. Higher One offers a wide array of technological services on campus, ranging from streamlining the institution’s performance analytics and financial aid refund processes to offering students innovative banking services, tuition payment plans, and the basics of financial management. Higher One works closely with colleges and universities to allocate resources more efficiently in order to provide a higher quality of service and education to students.

Founded in 2000 on a college campus by students, Higher One now serves more than half of the higher education market, providing its services to over 1,300 campuses and 10.9 million students at distinguished public and private institutions nationwide. More information about Higher One can be found at www.ir.higherone.com.

Sony Sticks with Starz Through 2021 (SNE, STRZB, NFLX, DIS, LMCA)

By 24/7 Wall St.

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A division of Sony Corp. (NYSE: SNE) and Starz (NASDAQ: STRZB) have extended a multi-year agreement under which Starz will remain the exclusive first-run TV outlet for new movies from Sony. The deal will runs through 2012, replacing a prior agreement that would have expired in 2016.

In December, Netflix Inc. (NASDAQ: NFLX) signed a deal with The Walt Disney Co. (NYSE: DIS), outbidding Starz and its sister Encore channels which were still owned at the time by Liberty Media Corp. (NASDAQ: LMCA). There’s no indication that Netflix was in the running for a deal with Sony, but it would be surprising if the streaming video purveyor hadn’t at least made some initial inquiries.

The Netflix deal with Disney starts in 2016, after Disney’s current contract with Starz expires. Netflix is thought to be paying about $300 million annually for the exclusive streaming rights to films from Lucasfilm’s Star Wars franchise, Pixar Animation Studios, and Marvel Studios among others. Starz had to counter and the deal with Sony is the response.

Maybe Netflix was never in contention or maybe the company just didn’t want to add another hundred million or so to its future financial commitments. The company needs to add about 3.7 million subscribers between now and 2016 to pay for the Disney deal without raising its monthly subscription rate.

Netflix shares are getting a shave today, down about 2.4% at $176.70 after a two-and-a-half week run of nearly daily 52-week highs.

Filed under: 24/7 Wall St. Wire, Cable Companies, Entertainment, Internet, Media, TV Tagged: DIS, LMCA, NFLX, SNE, STRZB

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