|Bid||36.05 x 500|
|Ask||37.60 x 100|
|Day's Range||36.13 - 36.63|
|52 Week Range||30.02 - 42.18|
|PE Ratio (TTM)||18.24|
|Forward Dividend & Yield||0.63 (1.75%)|
|1y Target Est||N/A|
Snap (SNAP) partners with NBCUniversal to create original scripted content in a bid to attract more audience to its platform.
NBCUniversal, part of Comcast Corp, made a $500 million investment in Snap as part of the company's initial public offering in March. Lauren Anderson, previously senior vice president of primetime programming at NBC who oversaw the hit shows "The Office" and "Parks and Recreation," will be chief content officer of the new studio, the companies said.
Cable stocks have plunged ahead of third-quarter earnings amid angst more consumers are turning to internet TV services.
NBC News head Noah Oppenheim is under fire for letting Ronan Farrow's expose walk out the door. Fox's Tucker Carlson has called for him to resign or be fired.
NEW YORK (AP) — ABC's new drama about a surgeon on the autism scale, "The Good Doctor," is a bona fide hit, and it takes a little time to recognize the magnitude.
NBCUniversal, part of Comcast Corp (CMCSA.O), made a $500 million investment in Snap as part of the company's initial public offering in March. Lauren Anderson, previously senior vice president of primetime programming at NBC who oversaw the hit shows "The Office" and "Parks and Recreation," will be chief content officer of the new studio, the companies said.
As the rest of the country stockpiles candy and tunes into horror movie marathons, corporate America is getting ready to roll out Q3 earnings results — and it’s looking like pay-TV companies are in for a different type of scare. The telecom world was buzzing last week after AT&T, seeking to get ahead of the game, announced it expected to lose 390,000 traditional subscribers while adding 300,000 lower-value customers on its over-the-top DirecTV Now service, for a net loss of 90,000. Overall, UBS analyst John Hodulik expects the entire industry to lose 1 million subscribers in Q3, the first time it’s hit that milestone, as “cord-cutting continues to gain steam as streaming builds momentum,” he wrote in a note, reported out by Investor’s Business Daily .
Snap Inc. is trying its hand at making original content for Snapchat again — this time partnering with a legacy media conglomerate to do it. The Venice, California-based company is teaming with NBCUniversal to create a new digital content studio that will be based in nearby Santa Monica. The joint venture will produce made-for-mobile programming primarily for Snapchat, including scripted comedies and dramas.
NBC Universal and SNAP are teaming up with filmmakers and brothers Mark and Jay Duplass to produce scripted content to attract young millennials! Yahoo Finance’s Alexis Christoforous and Andy Serwer discuss SNAP’s new push for content.