LTC Properties Inc
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Real Estate : Health Care REITs | Small Cap Blend
Company profile

LTC Properties Inc. is a real estate investment trust (REIT). The Company invests in seniors housing and health care properties through sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions including preferred equity and mezzanine lending. It invests in various properties, including skilled nursing centers (SNF), which provides restorative, rehabilitative and nursing care; Assisted living facilities (ALF), which serves people who require assistance with activities of daily living; Independent living facilities (ILF), also known as retirement communities or senior apartments, offers a community and numerous levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural and recreational activities, on-site security, and others, and Memory care facilities (MC), which offers specialized options for people with Alzheimer’s disease and other forms of dementia.

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Today's volume of 141 shares is on pace to be much lighter than LTC's 10-day average volume of 230,263 shares.


Apple may spend billions on theatrical movies, Premier League: reports

11:33 pm ET March 23, 2023 (MarketWatch)

By Mike Murphy

Bloomberg reports tech giant wants to shake up its movie strategy

Apple Inc. is planning to spend $1 billion a year on movies that will be shown in theaters, according to a new report, as part of a bid to boost subscribers for its streaming service and become a bigger player in Hollywood.

Bloomberg News reported Thursday that Apple (AAPL) plans to significantly boost its spending on movies, and is approaching movie studios for theatrical distribution deals. Apple has an impressive movie business, and won an Oscar for best picture in 2022 for "CODA," but has largely kept its movies streaming only, with some limited-release exceptions in order to qualify for awards or to appease its high-priced talent.

The Bloomberg report gave a boost to movie-theater stocks: AMC Entertainment (AMC), IMAX Corp. (IMAX) and Cinemark Holdings Inc. (CNK) all posted strong gains Thursday.

Upcoming Apple movies include "Killers of the Flower Moon," starring Leonardo DiCaprio and Robert De Niro, and directed by Martin Scorsese; "Argylle," starring Henry Cavill and Bryce Dallas Howard, and directed by Matthew Vaughn; and "Napoleon," starring Joaquin Phoenix and directed by Ridley Scott.

Releasing movies in theaters would not only create a new revenue stream for Apple, but could create more pop-culture buzz when they eventually move to streaming, where many of its current, streaming-only movies have found it difficult to find a wide audience.

Bloomberg also reported that Apple may bid on rights to stream English Premier League soccer in the U.K, in a move to compete head to head with the trio of companies that hold Premier League broadcast rights through the 2024-'25 season: Amazon's (AMZN) Prime Video, Comcast's (CMCSA) Sky and BT Sport, which has a joint venture with Warner Bros. Discovery (WBD). The deal would not affect Premier League broadcast rights in the U.S., where the league streams on Comcast's Peacock. Apple TV+ currently is the home to Major League Soccer -- after a 10-year, $2.5 billion deal -- and carries Major League Baseball on Friday nights.

The Premier League wouldn't come cheap for Apple; the league's current deal for domestic broadcast rights sold for $6.3 billion.

-Mike Murphy

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

March 23, 2023 23:33 ET (03:33 GMT)

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