|Bid||31.65 x 3100|
|Ask||31.70 x 3000|
|Day's Range||31.58 - 32.01|
|52 Week Range||30.43 - 44.00|
|PE Ratio (TTM)||6.68|
|Forward Dividend & Yield||0.76 (2.22%)|
|1y Target Est||N/A|
There has been a lot of attention over the past week on China and trade relations. China has moved down tariffs on auto and auto parts imports. Based on the reports, China is now taking about 8 times the daily volume of U.S. crude imports, compared to averages a few months ago.
Disney's Bob Iger, center, and Mickey Mouse ring the market's opening bell with NYSE's Tom Farley last November. As of late this week, Netflix was worth more, by market capitalization at least, than Disney or Comcast. For the rest of Memorial Day weekend at least, Netflix remains the world's most highly valued media and entertainment company.
The National Football League, Major League Baseball, The National Basketball Association and The National Hockey League have an extensive wish list for state regulators that are crafting sports betting regulations including "integrity fees" and data licensing deals. Lawmakers in six states have introduced sports gambling bills with integrity fees though leagues failed to include them in a recently passed law in West Virginia. Politicians may be reluctant to grant a new favor to leagues on top of taxpayer funding of stadiums, antitrust exemptions and countless other special considerations the industry already enjoys.
In holdover news for Friday, Deadpool 2 took a somewhat larger-than-expected 77% drop on its second Friday. The Ryan Reynolds action comedy took it on the chin from the Star Wars movie, and this may be a case where Solo versus Deadpool 2 led to mutually-assured destruction.
The milestone for Netflix is the latest sign that investors remain faithful to the handful of technology and internet firms that have powered the broader market in the past few years.
A prominent media analyst Friday urged shareholders of Twenty-First Century Fox to delay voting on a hookup with Walt Disney until rival suitor Comcast has a chance to make a promised higher bid. “Do not let Disney steal Fox from Rupert,” urged Rich Greenfield of BTIG Research — offering investors some food for thought ahead of a long holiday weekend. “We have yet to talk to a large Fox investor that does not prefer a meaningfully superior cash offer from Comcast to an all-stock bid from Disney – regardless of the tax implications,” he wrote in a blog post.
Disney (DIS) has been hoping to acquire 21st Century Fox’s (FOX) assets for quite some time. Comcast announced that it plans to make an all-cash bid for Fox. Disney launched a $52.4 billion all-stock bid for some of Fox’s assets in December 2017, though this planned acquisition did not include Fox Broadcasting, Fox Business, or Fox News.
NBC executives lean on NBC Sports Group CFO Dave Pietrycha to identify media trends and find complementary businesses that would be a good fit for the company.
Comcast (CMCSA) is rolling out more benefits for its workers as it looks to boost employee productivity and retention. Through its Comcast Ventures arm, it launched a financial health startup called Brightside, which it describes as a place for employees to access personalized solutions for their financial needs. As Comcast works to counter the threat that rivals Netflix (NFLX) and Amazon (AMZN) pose to its television business, Comcast knows it needs a highly motivated workforce in order to succeed.
Recent stories on Netflix, Amazon, Hulu and other streaming services reported by The Business Journals and elsewhere.
Daniel Craig will return as 007 with Danny Boyle directing a script by his “Trainspotting” scribe John Hodge.
Fox released a cute Golden Girls-ish Deadpool commercial online today, presumably to coax folks to either see the movie or see the movie again over the long Memorial Day weekend. The hope is that the holiday weekend will soften the blow of what otherwise might be a hefty second-weekend drop, and we'll see if it ends up closer to $220 million or $230m domestic by Monday night. The movie has earned $164m in its first week of domestic release, meaning it has earned at least $370m worldwide on a $110m budget.
A few years ago, borrowing was cheap as interest rates hit historical lows. It has hiked interest rates six times since December 2015 and is indicating that it might raise rates several times this year. Rising interest rates increase the cost of borrowing, creating a bigger burden for companies such as Comcast (CMCSA) that are borrowing to fund their acquisitions.
Comcast (CMCSA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Comcast (CMCSA) has long been known for its careful approach to dealmaking, preferring to pay for acquisitions with cash and stock instead of borrowing, according to CNN. The Walt Disney Company (DIS) agreed to buy a piece of Sky in what is seen as a move designed to help Fox pass regulatory muster in its pursuit of Sky. Comcast is reportedly in talks with banks to borrow as much as $60 billion to fund its anticipated new offer for Fox in a challenge to Disney.
For the first time ever, hyper-growth streaming media giant Netflix, Inc. (NASDAQ:NFLX) is worth more than traditional media giants Comcast Corporation (NASDAQ:CMCSA) and Walt Disney Co (NYSE:DIS). As of this writing, Netflix stock has a market cap of $152 billion. Disney stock has a market cap of $151.5 billion.
Comcast (CMCSA) has spurred tensions with the Walt Disney Company (DIS) following its decision to make a better offer for most of 21st Century Fox’s (FOXA) assets, which Fox planned to sell to Disney according to a deal struck in December 2017 for $52.4 billion. Fox’s board has already agreed to deal with Disney for most of Fox’s film, television, and cable channels and its National Geographic and FX properties along with its regional sports networks.
As announced at 8:30 pm last night (grumble-grumble), we now know that A) Danny Boyle is absolutely directing the next James Bond movie, B) Daniel Craig is (of course) playing Bond for a fifth and presumably final time, MGM is distributing in the US and C) Universal/Comcast Corp. will distribute the flick overseas.
Media behemoth Comcast (CMCSA) is getting ready to bid on most of 21st Century Fox’s (FOXA) assets, according to a Reuters report. Comcast hasn’t disclosed its bid price, but according to the reports, it’s looking for financing options to offer a higher bid than the Walt Disney Company’s (DIS) acquisition price. Notably, Disney agreed to acquire Fox’s media and film business for $52.4 billion in December 2017.
It has been an eventful week for Netflix Inc. ( NFLX), as it took giant strides to become the largest media company in the world. On Wednesday, its market capitalization surpassed that of Comcast Corp. ( CMCSA), and on Thursday it managed to beat The Walt Disney Co. ( DIS) in market valuation during the intraday trading session.
Comcast (CMCSA) has impressed its shareholders by providing attractive dividends for the last several years. The company also buys back shares consistently to return value to its shareholders. The company returned a total of $7.9 billion to its shareholders in 2017, up from $7.6 billion in 2016 but down from $9.2 billion in 2015.