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Global Eagle Entertainment Inc (ENT.OQ)

ENT.OQ on NASDAQ Stock Exchange Capital Market

2.92USD
24 Mar 2017
Change (% chg)

$-0.16 (-5.19%)
Prev Close
$3.08
Open
$3.09
Day's High
$3.10
Day's Low
$2.90
Volume
143,116
Avg. Vol
165,820
52-wk High
$9.72
52-wk Low
$2.90

Latest Key Developments (Source: Significant Developments)

Global Eagle Entertainment announces multi-year deal with Norwegian Cruise Line
Tuesday, 14 Mar 2017 07:00am EDT 

Global Eagle Entertainment Inc : Multi-year deal with Norwegian Cruise Line to enhance services across Norwegian Cruise Line brand's fleet of 14 ships .Under deal, Global Eagle is implementing flexible, tiered plans for wi-fi, texting and video.  Full Article

Global Eagle, Shareco of HNA Group to form a joint venture
Tuesday, 8 Nov 2016 04:17pm EST 

Global Eagle Entertainment Inc : GEE enters into agreement with Shareco of HNA Group to make major investment in GEE and to form a joint venture to provide inflight entertainment and connectivity services in China . Global Eagle Entertainment - Shareco plans to invest up to $416 million in GEE stock at $11 per share through primary and secondary share purchases . Shareco will make an initial primary equity investment in gee of approximately $103 million . Global Eagle Entertainment Inc - Shareco will also make contemplated additional primary and secondary common equity purchases upon formation of JV . Global Eagle Entertainment - GEE and Shareco would form a JV to provide IFEC and passenger monetization services to HNA Airlines . Global Eagle Entertainment - Shareco agreed to acquire newly issued shares of GEE for $11/share, resulting in a 9.9 pct post-investment ownership stake . Global Eagle Entertainment Inc - GEE is expected to own up to 49 pct of JV, and Shareco would own remainder . Global Eagle - upon completion of second investment, Shareco would have right to nominate GEE board seats proportionate to its ownership position in GEE . Global Eagle Entertainment Inc - GEE expects that completion of Shareco's initial primary investment will occur during first half of 2017 . Global Eagle Entertainment Inc - expects completion of JV and second stage equity investments completed later in 2017.  Full Article

Gee announces third quarter 2016 results
Tuesday, 8 Nov 2016 04:15pm EST 

Global Eagle Entertainment Inc - : GEE announces third quarter 2016 results . Says for Q4 2016, projecting adjusted EBITDA to be between $23 million and $27 million . Full year 2016 capital expenditures in range of $45 million to $50 million . Q3 earnings per share $0.23 . Q3 revenue $146.9 million versus I/B/E/S view $156.8 million . Q3 earnings per share view $0.01 -- Thomson Reuters I/B/E/S .Sees FY 2016 revenue $530 million to $538 million.  Full Article

Global Eagle Entertainment and Intelsat sign 'epic' expansion deal
Wednesday, 26 Oct 2016 04:00pm EDT 

Global Eagle Entertainment Inc - : Global Eagle Entertainment and Intelsat sign 'epic' expansion deal .Intelsat SA - Co, Global Eagle Entertainment entered into a new and expanded contract to deliver broadband connectivity across five continents.  Full Article

Global Eagle Entertainment, Qatar Airways sign content services agreement
Tuesday, 25 Oct 2016 10:29am EDT 

Global Eagle Entertainment Inc : Press release - Global Eagle Entertainment and Qatar Airways sign content services agreement .Company to provide inflight entertainment content services on Qatar Airways' commercial airliners, charter aircraft, executive business jets.  Full Article

Global Eagle Entertainment files for resale of up to 9.9 mln shares of co's common stock
Tuesday, 11 Oct 2016 06:29pm EDT 

Global Eagle Entertainment Inc : Files for resale of up to 9.9 million shares of co's common stock by selling stockholders - SEC filing Source: (http://bit.ly/2dZB8Vo) Further company coverage: [ENT.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Global Eagle entered into settlement with UMG Recordings, Capitol Records, LLC, Universal Music Corp
Friday, 12 Aug 2016 05:55pm EDT 

Global Eagle Entertainment Inc : Co, units entered into settlement agreement dated as of Aug 9 with UMG Recordings, Inc., Capitol Records, LLC, Universal Music Corp . Settlement agreement for resolving all claims relating to lawsuit filed by UMG against Co for music copyright infringement,related claims . Co agreed to compensate UMG and/or its designees ,a cash payment of $15 million plus issuance by co of 1.4 million shares of its common stock . Settlement agreement defines “UMG content” as original works of authorship owned or controlled by UMG or its affiliates .Settlement agreement also includes, on or prior to March 31, 2017, a cash payment of $5 million.  Full Article

Global Eagle sees FY revenue of $545-575 mln
Monday, 8 Aug 2016 04:05pm EDT 

Global Eagle Entertainment Inc Sees Fy Capital Expenditures In Range Of $40 : Q2 revenue $112.3 million versus i/b/e/s view $115.2 million . GEE announces strong second quarter 2016 results . GEE is updating its full-year 2016 guidance given its acquisition of emc . Global Eagle Entertainment Inc sees fy capital expenditures in range of $40-45 mln . GEE sees fy revenue of $545-575 mln . GEE sees fy adjusted ebitda of $80-92 mln . Global Eagle Entertainment Inc qtrly loss per share $0.49 .Q2 revenue view $115.2 million -- Thomson Reuters I/B/E/S.  Full Article

Global Eagle Entertainment posts Q1 loss 0.03/shr
Monday, 9 May 2016 06:47am EDT 

Global Eagle Entertainment Inc : Global Eagle announces strong first quarter 2016 results . Qtrly shr loss 0.03 . Sees FY 2016 revenue $470 mln to $490 mln . Q1 revenue $113.8 mln vs I/B/E/S view $112.3 mln .Announced a transformative agreement to acquire EMC, a leader in network services for maritime and mobility, for $550 mln.  Full Article

Global Eagle Entertainment posts Q1 loss per share $0.03
Monday, 9 May 2016 06:34am EDT 

Global Eagle Entertainment Inc : Q1 revenue rose 13 percent to $113.8 million . Qtrly loss per share $0.03 . Reiterates its prior guidance for fiscal year ending December 31, 2016 . Q1 earnings per share view $-0.00, revenue view $112.3 million -- Thomson Reuters I/B/E/S . Has signed a definitive agreement to acquire emerging markets communications . Under agreement, GEE will pay $550 million for EMC . EMC shareholders will receive $30 million in cash and 6.6 million shares of gee stock at closing and another $25 million in 2017 . Combined company expected to generate pro forma revenue of $660-690 million in 2016 . Dave Davis, chief executive officer of GEE, will be CEO of combined company . Annual synergies from deal expected to reach $40 million . Abel Avellan, chief executive officer of EMC, is expected to serve as GEE's president and chief strategy officer .As result of deal, Abry Partners will buy equity position in GEE and right to nominate member to GEE's board of directors.  Full Article

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BRIEF-Global Eagle Entertainment announces multi-year deal with Norwegian Cruise Line

* Multi-year deal with Norwegian Cruise Line to enhance services across Norwegian Cruise Line brand's fleet of 14 ships