Sony (SNE) Stock Rising, ‘Ghostbusters’ Reboot Blocked in China
NEW YORK (TheStreet) -- Shares of Sony (SNE) - Get Report are up 2.34% to $30.24 this morning despite its reboot of the 1984 classic "Ghostbusters" movie being banned in China.
China, the most populous nation in the world and the second most profitable film market, has denied Sony's all-female "Ghostbusters" a release in the country.
Chinese censorship guidelines prevent any films that "promote cults or superstition," and occasionally regulators will ban films that depict ghosts or supernatural beings in a realistic way, the Hollywood Reporter said.
The Chinese title for the film, "Super Power Dare Die Team," was scrubbed of mentions to ghosts in order to avoid censors, but the adjustments did little to sway regulators.
Analysts are looking for a wide range in the film's opening weekend, from $38 million to $50 million in the box office.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, TheStreet Ratings finds that the company's profit margins have been poor overall.
You can view the full analysis from the report here: SNE
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.