Amazon accused of misleading consumers into believing they truly own movies they purchased [FOX Business Network]
UBISOFT ENTMT UNSP/ADR (UBSFY)
NASDAQ:AMEX Investor Relations:
ubisoft.com/en-us/company/investor_center/index.aspx
Company Research
Source: FOX Business Network
A new class-action lawsuit accuses Amazon of misleading consumers into believing they own movies they "buy" on its platform, when in reality the films that they've purchased can disappear at any time. Unlike physical media, such as a DVD or Blu-ray, movies bought on Amazon's platform are not owned in perpetuity. Customers are actually buying a limited license to stream the films, and, should Amazon lose the rights to carry the movie on its platform, the media would simply vanish from the customer's library, The Hollywood Reporter noted The lawsuit, filed in Washington state federal court, alleges Amazon engaged in a "bait and switch" on consumers by leading them to believe they are buying a movie and failing to sufficiently disclose that they are merely purchasing a license to stream the media, which is revocable at any time. "When one 'buys' a hard-copy DVD of the Director's Cut of Django Unchained, they ‘own' it. They can place the DVD in the shelf below their TV stand, and r
Show less
Read more
Impact Snapshot
Event Time:
UBSFY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
UBSFY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
UBSFY alerts
High impacting UBISOFT ENTMT UNSP/ADR news events
Weekly update
A roundup of the hottest topics
UBSFY
News
- Indigenous video games are gaining traction, and this independent studio is at the forefront [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Ubisoft accelerates in fast growing MOBA market by acquiring “March of Giants” game from Amazon [Yahoo! Finance]Yahoo! Finance
- Ubisoft Unveils AI Companions That Can Be Commanded With Your Voice [Forbes]Forbes
- Ubisoft says Tencent's $1.3 billion investment in its new Assassin's Creed-focused Vantage Studios is "imminent," in a move that will "accelerate the growth of our 3 flagship IPs" [Yahoo! Finance]Yahoo! Finance
- Ubisoft Finalises Tencent Accord As It Resumes Trading [Barron's]Barrons