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No Awards for Movie Stocks;
Index of Movie-Related Stocks Is Down 32%
In time for the Oscars...While Hollywood prepares for the glitter and glamour of the Academy Awards on March 23, movie-related stocks have little to celebrate, according to Keck's Index. The Index tracks stocks of 15 publicly traded companies that make, distribute, publicize and show movies...
Washington, DC -- March 11, 2003 -- While Hollywood prepares for the glitter and glamour of the Academy Awards on March 23, movie-related stocks have little to celebrate, according to Keck's Index.
Keck's Index: Silver Screen tracks the stocks of 15 publicly traded companies that make, distribute, publicize and show movies. And though many companies on the list have contenders for an Oscar, few are "action heroes" when it comes to market performance.
The Index includes big studios, like Paramount, Universal, 20th Century Fox, Warner and MGM, along with providers of production expertise, like Technicolor. Movie promotions specialist Point.360 is one of few bright spots, up for the second year in a row, as is Carmike Cinema, a movie theater chain, up 26%. But even Miramax, distributor of red-hot Chicago and Gangs of New York can't prop up parent company Walt Disney, down 32%.
Adding new meaning to the phrase, "movie trailers," the Silver Screen Index is also lagging behind the S&P 500, though that index is calculated somewhat differently.
"We put the Index together for fun," says creator Gayle Keck. "It gives another dimension to the stock market."
There few glamour stocks this year, Keck admits. "The only superstars you'll find are the ones walking down the Oscars red carpet!"
About Kecks Index: Kecks Index takes unusual looks at the stock market by indexing stocks as they relate to holidays, events and life. Each Index is derived by compiling the individual share prices for all included stocks; changes in the Index are calculated based on that total. Complete information for Kecks Index:St. Patricks Day, Kecks Index:Sex, Kecks Index:Romance and Kecks Index:Silver Screen is currently posted at www.Kecksindex.com
About Gayle Keck: Gayle Keck co-founded and sold an innovative Internet business that taught money management to teens and kids. Currently, she is a freelance writer who still enjoys finding new ways to explore the world of finance.
Legal: Kecks Index:Silver Screen is provided for entertainment purposes only. It is not intended to be used for making investment decisions. The inclusion or exclusion of a stock is purely at the discretion of Kecks Index; no compensation is received for any stocks listed (or not listed). In some case, products listed are only a single component of an entitys corporate holding and do not reflect the complete nature of the subject companys business. Kecks Index attempts to be as accurate as possible in the information it provides, but assumes no liability or responsibility for any inaccuracies, errors or omissions. Kecks Index shall not be responsible for any trading or investment decisions made based on any information which it provides.
Periodical publications are free to publish or quote information provided by Kecks Index, with proper attribution. All materials are © 2003 Gayle Keck.
For information: www.KecksIndex.com
Email: KecksIndex@aol.com
Phone: 703-312-4180
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