Money Minute: Theaters See Fewer Moviegoers; 'Candy Crush' IPO Debuts

DailyFinance Staff
Updated

Get ready to play Candy Crush -- the stock, not the game.

Shares of King Digital Entertainment, which makes Candy Crush Saga, begin trading Wednesday. The game is addictive, and the IPO could sparkle, but some analysts say you might be wise to keep your distance from the stock. They worry the gaming company will never again have such a big hit as Candy Crush. King Digital says it gets 1.1 billion daily game plays of Candy Crush. The IPO values the game maker at $7 billion.

If you prefer your entertainment on the big screen instead of the little screen, listen up. The number of tickets sold at movie theaters fell by 1.5 percent last year. Apparently, there's too much competition out there from Netflix (NFLX) and other movie streaming options, as well as cable on-demand services. In addition, ticket prices keep going up. The average rose to $8.13 last year.

For the second year in a row, Google (GOOG) is the top choice in a survey of more than 46,000 undergraduate students as the most attractive employer. %VIRTUAL-article-sponsoredlinks%It came in number one among business and computer science majors. It was third for engineers, behind Boeing (BA) and NASA. About one in five business students put Google among its top five choices. Walt Disney (DIS) was the second highest ranked company. The survey, conducted by Universum, found that consulting firms such as EY, Deloitte and PricewaterhouseCoopers, were also highly sought after by business students.

Here on Wall Street Tuesday, the Dow Jones industrial average (^DJI) rose 91 points Tuesday, the Nasdaq composite (^IXIC) and the Standard & Poor's 500 index (^GPSC) both rose by about 8 points.

Finally, Hasbro (HAS) is working on a special edition Monopoly game that changes the rules to reflect how many of us really play the game. The company is asking fans to discuss and vote on 10 different "house rules" that many people use. Hasbro will then pick five of them for the special edition game.

-Produced by Drew Trachtenberg.

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