Let's Go and Watch Iron Man
Want to watch a movie and help your investment at the same time? Watch Iron Man. The movie which went debut on May 2 has brought $223 million so far and was still the second most watched movie for the week on its third week. So if you are a smart investor you should be wondering which companies are benefiting from this block buster hit. Take a look at these ones:
- Marvel Entertainment(MVL): the New York based company makes the movie Iron Man as well as owns the licensing rights to the movie characters. As reported from Business Week, the movie could bring profit about $200 million. Not bad for a company which made net income of $45 million in the latest quarter. The stock is currently trading at $32.53 with P/E of 18.95.
- Viacom (VIA): the entertainment company's subsidiary Paramount Pictures is responsible for marketing and distribution of the movie. The company gets 10% on net revenue from movie and DVD sales. However the movie sales is probably not as effective to this entertainment giant as Marvel Entertainment.
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