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AT&T (T.N), owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner (TWX.N), their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday. The Justice Department sued in November to stop AT&T, the No. 2 U.S. wireless company, from buying Time Warner for $85 billion because of concerns that it could raise prices for rivals and pay-TV subscribers as well as hamper the development of online video. Daniel Petrocelli, who represents AT&T and Time Warner, said that his team had been unable to get data requested from third parties, who had said they no longer had some of it.
A retired senior executive at The Walt Disney Co. has joined the board of directors of CenterState Bank Corp. and its subsidiary CenterState Bank. Jody Dreyer, who worked at Disney (DIS) for 30 years, is the first woman to serve on the board of CenterState (CSFL) since 2011.
Streaming services such as Netflix Inc. (NFLX), Amazon.com Inc. (AMZN), Hulu — a joint venture among The Walt Disney Co. (DIS), 21st Century Fox (NASDAQ: FOXA, FOX), Comcast (CMCSA)-owned NBCUniversal and Time Warner Inc. (TWX) — and others have transformed the entertainment landscape. As Amazon heads to the Sundance Film Festival today, the streaming service may not be as active on the acquisitions front as it has been in past years. Amazon Studios is transitioning away from the independent fare that has established the company as a film distributor toward more commercial projects.
Netflix: What Can We Expect for 4Q17 Results? Leading Internet entertainment operator Netflix (NFLX) estimates that its operating margin in 4Q17 will be 7.3% against 6.2% in 4Q16 and 7% in 3Q17. Continuing growth in paid memberships in the US and international markets has encouraged the company to set bullish operating margin guidance.
Netflix: What Can We Expect for 4Q17 Results? In order to expand its original content portfolio, the leading video streaming operator Netflix (NFLX) continues to step up its investment in content. From the graph above, we can see that Netflix continues to maintain negative free cash flow in the last five quarters.
Rupert Murdoch, the billionaire whose family controls Twenty-First Century Fox (FOX)(FOXA) and News Corp. (NWSA), is believed to have persuaded Bob Iger to stay on as Walt Disney’s (DIS) chief executive. In December, the Murdoch family agreed to sell most of Fox’s operations, valued at $52.4 billion, to Disney. The deal also involves Disney absorbing Fox’s debt to the tune of $13.7 billion, the Wall Street Journal reported.
Stardust lets fans share short reaction clips to the movies and shows that they watch. Yahoo Finance’s Alexis Christoforous talks with Stardust CEO Derek Forbes about how the app is attracting millennials.