|Bid||33.42 x 29200|
|Ask||35.26 x 800|
|Day's Range||35.04 - 35.49|
|52 Week Range||30.43 - 44.00|
|PE Ratio (TTM)||6.96|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||0.76 (2.17%)|
|1y Target Est||43.06|
Universal Orlando Resort's latest addition to its hotel family stands ready to welcome its first guests Aug. 16. The 600-room hotel is just one of three new hotel properties being added to the Universal Orlando hotel portfolio. Next year, Orlando will welcome the 750-room Surfside Inn & Suites, and in 2020, the 2,050-room Dockside Inn & Suites — both part of the Universal's Endless Summer Resort concept planned on I-Drive.
Walt Disney (DIS) posted revenues of $15.2 billion in the fiscal third quarter ended June 30. Disney beat its revenue estimates in the fiscal second quarter after missing revenue expectations in the past five straight quarters. However, the company missed Wall Street estimates of $15.34 billion in the fiscal third quarter. Its total revenues in the fiscal third quarter grew 7.0% on a YoY (year-over-year) basis from revenues of $14.24 billion.
Amazon Web Services (or AWS), its cloud computing unit, has impressed Amazon’s (AMZN) investors. Although other cloud providers like Microsoft and Alphabet’s (GOOGL) Google are gaining market share, they aren’t taking share from the market-leading AWS, according to a recent report from Synergy Research.
On August 13, Disney (DIS) secured multiyear viewing rights for soccer leagues in countries including the Netherlands, China, and Australia. The contract includes 300 matches from Australia’s Hyundai A-League and Westfield W-League, the Chinese Super League, and the Dutch Eredivisie. The financial terms of the deal were not disclosed.
It certainly doesn’t sound like Bob Iger is ready to put Sky on a platter and hand it to Comcast. In Disney’s most recent earnings call, the CEO, fresh off his victory in beating Philadelphia’s hometown media giant in a battle for prized Fox assets, reaffirmed the company’s excitement about Fox’s existing 39 percent stake in “the most successful pay television company in Europe.” “The addition of these valuable assets will greatly enhance our position as a global entertainment company with excellent production and distribution businesses in key and emerging markets around the world,” Iger said. Fox formalized its roughly $32.5 billion previous bid for Sky, re-adjusting its offer so it can leverage its existing stake in the company and make it easier to gain shareholder approval.
There’s been yet another twist in AT&T’s (T) acquisition of Time Warner: the US Department of Justice (or DOJ) has appealed Judge Richard Leon’s decision to allow AT&T to acquire Time Warner for $85.4 billion, raising the possibility that the merger could be blocked. The appeal came after the companies faced the US DOJ’s objections for six weeks in court. The DOJ argued that the merger would hurt consumers by raising costs and minimizing competition in the pay-TV market.
With Turkey's currency crisis having cooled on Tuesday, perhaps the market could get back to its winning ways seen for most of July and into early August. aren't your favorite trades to ride renewed short-term upside momentum, TheStreet has several names to consider. It also helps that Activision dominates the emerging eSports space with its Overwatch League.
After connecting more than six million people with low-cost, high-speed internet, Comcast announced Monday it's expanding its Internet Essentials program to low-income veterans. There are about one million of them living within Comcast's footprint, the media giant said Monday when it announced the expansion, national statistics and local numbers during its annual back-to-school celebration of the seven-year-old program. "We’re excited to extend that same opportunity to more than one million, low-income veterans. Veterans have stood up for our country, now it’s time for us to stand up for them by providing access to life-changing digital tools and resources," Comcast Senior Executive Vice President David L. Cohen said in a statement.
Comcast today announced it has now connected more than six million low-income Americans to the Internet through its Internet Essentials program, which is the largest and most comprehensive broadband adoption program for low-income families in the U.S. The company connected more than two million people in the last year alone, which is the largest annual increase in the program’s history. According to the United States Census Bureau’s 2016 American Community Survey, less than 70 percent of low-income veterans have Internet access, and about 60 percent own a computer.
Like other pay-TV service operators, AT&T (T) is facing a decline in US customers due to cord-cutting. In the second quarter, AT&T lost 286,000 satellite TV customers and added 24,000 U-verse TV customers. Meanwhile, Comcast (CMCSA) and Charter Communications (CHTR) lost 136,000 and 73,000 residential video customers, respectively. This reduction in pay-TV customers is mainly due to the growing popularity of OTT (over-the-top) video streaming services, which has shifted users’ focus from traditional linear TV.
Hulu doesn't report official numbers but some rough math of write-downs by Comcast, Disney and Twenty-First Century Fox puts Hulu's annual losses in the neighborhood of $1.5 billion. Comcast and Fox both attributed losses to Hulu that had doubled from the year-ago quarter. Disney is about to double its stake in Hulu once it closes its proposed acquisition of Fox.
Stock in The Walt Disney Company (NYSE:DIS) has become a battlefield. Cramer is impressed by the words of CEO Bob Iger, who believes it will be easy to dominate streaming thanks to his movies, ESPN, and the assets of 21st Century Fox (NASDAQ:FOX), on which Disney expects to close next year. For now, DIS stock is continuing to lose money in streaming, which it bundles into its cable network results. Its third-quarter report for June showed ESPN revenue increasing, and costs declining, with higher broadcast profits almost entirely offsetting that decline.
A Wilmington life sciences firm was the only local company among the top 150, though there were 17 total entries from Greater Philadelphia.
AT&T is developing an ad tech platform where it can sell targeted advertising on content regardless of where the person is watching and if they have a cable or satellite subscription. Ads could appear on AT&T's television shows and movies, as well as partner media companies' content.
Apple (AAPL) sells services to diversify its business as well as stimulate growth. In a recent discussion with analysts, Apple CEO Tim Cook said the company is on track to hit its services revenue target. Apple’s services revenue soared 31% YoY (year-over-year) to a record $9.5 billion in the June quarter, which is the company’s fiscal Q3 2018.
NBC Universal is reportedly planning a different kind of online video service: one that pays you watch content and not the other way around. According to The Information, the Comcast-owned media company is thinking of launching a streaming service known internally as "Watch Back" that will give out rewards you can redeem for gift certificates. It will reportedly feature TV shows and web series not only from NBC Universal's networks, such as NBC and Bravo, but also from other sources.
Media stocks have been in the headlines due to management shake-ups, merger battles, a changing regulatory environment and ongoing shifts in consumer trends. Under the consumer brands Virgin Media, Unitymedia, Telenet and UPC, the firm's digital platforms and next-generation networks connect 22 million customers subscribing to 46 million TV, broadband internet and telephone services. , Liberty Global will continue to be Europe's biggest multinational cable operator, with systems in United Kingdom, Ireland, Belgium, Switzerland, Poland and Slovakia.
Comcast today announced that Xfinity Mobile customers can pre-order the Samsung Galaxy Note9 in Ocean Blue with a Yellow S Pen and Lavender Purple with matching S Pen beginning August 10 on XfinityMobile.com and in Xfinity Stores nationwide. The new Galaxy Note9 goes on sale for Xfinity Mobile customers August 24. Customers who purchase a Samsung phone, activate a new line and port their number to Xfinity Mobile will receive a $300 prepaid card.
Partial home addresses and Social Security numbers of more than 26 million Comcast Corp. (cmcsa) Xfinity customers were inadvertently exposed online through separate security vulnerabilities, according to a Buzzfeed News report late Wednesday. Buzzfeed said security researcher Ryan Stevenson discovered the flaws, which Comcast said were patched after Buzzfeed alerted them. "We have no reason to believe these vulnerabilities were ever used against Comcast customers outside of the research described in this report," Comcast told Buzzfeed.