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The service is expected to debut in April and will be anchored by NBCU's most in-demand content including The Office, Parks and Recreation and Olympics coverage.
Peacock, which will also offer classic sitcoms like "The Office" and "Parks and Recreation", is scheduled to launch in 2020, NBCUniversal said. The company owns traditional television network NBC, whose logo features a peacock.
(Bloomberg Opinion) -- AT&T Inc. is a very different company today from the wireless-service provider it was five years ago. CEO Randall Stephenson, who transformed AT&T by acquiring pay-TV and media assets such as HBO, is now eyeing retirement. It raises the question of whether the man who appears to be the next in line – John Stankey, another three-decade veteran of the phone business – is the right person for the job.Stephenson, who has been at the helm since June 2007, is interested in stepping down as soon as next year, the Wall Street Journal reported Friday, citing unnamed sources. For much of his 37 years at the telephone giant, Stephenson has worked alongside Stankey, who he’s been priming to take over as the next CEO. While speaking at an investor conference Tuesday morning, he praised Stankey’s leadership, saying that he would have to be on “the very short list of people” who could run AT&T’s diverse set of businesses. But Stankey has also emerged as a controversial figure within AT&T, so much so that his recent promotion to the role of chief operating officer is largely what motivated Elliott Management Corp. to press ahead with an activist investor campaign, according to people familiar with the shareholder’s thinking. (Last week, Elliott sent a public letter to AT&T’s board calling for it to review ways to improve earnings and the stock price.)AT&T may benefit from running a broader search for Stephenson’s replacement, and outside pressure led by Elliott may give the board one more reason to do so. The $273 billion company could use someone with more expertise in growing media properties and who’s willing to part with weaker assets that are serving as distractions. While wireless data plans and business connectivity services still drive the bulk of AT&T’s profits, the company generates half its revenue elsewhere, such as pay-TV subscriptions, cable networks and the box office.Under Stephenson, 59, AT&T morphed into a communications and media conglomerate through the 2015 acquisition of DirecTV for $67 billion, followed by last year’s $102 billion takeover of Time Warner, a business unit now called WarnerMedia. Stankey, 56, is in charge of WarnerMedia, in addition to his new duties as COO of AT&T. During Stephenson’s tenure, Stankey has been his go-to for overseeing special projects, such as buying spectrum and helping the Time Warner merger clear the courts.Stephenson has been criticized for his bold dealmaking, and yet I don’t think his plan to reinvent AT&T was inherently bad. He has a vision for the company to be a leader in entertainment, which people are increasingly consuming on mobile devices, and 5G wireless networks like AT&T’s will facilitate more of that. But Stephenson did overpay for DirecTV, and he may have underestimated the challenge of integrating both that business and WarnerMedia, the latest tasks assigned to Stankey. As two executives who have worked in the telephone industry since their early 20s, they perhaps not surprisingly may have difficulty operating media assets, especially at a time when Netflix Inc. has changed what it means to watch TV.AT&T’s lagging stock price looks to be the consequence of an incoherent strategy and an attempt to juggle too many things at once: building 5G, devising a plan for WarnerMedia, paying down debt and managing the decline of the DirecTV satellite business. There have also reportedly been tensions between Stankey and his new Hollywood employees. It’s said that his approach and at times irascible personality have clashed with that of WarnerMedia’s veterans. Richard Plepler, the former HBO boss, is among those who have departed. One can see why Stankey’s attempt to break down silos in WarnerMedia was a necessary step and one that wouldn’t sit well with legacy top brass. And to his credit, he brought in Bob Greenblatt, who formerly ran Comcast Corp.’s NBCUniversal and before that Showtime, to manage WarnerMedia’s entertainment properties and streaming platforms. It also seems likely that Stankey will name a new chief to oversee all of WarnerMedia. Still, it’s concerning that more of HBO’s top people are said to be leaving in the next few weeks, in part due to frustrations with Stankey, as NBC News reported Tuesday morning.The capstone project of Stankey’s WarnerMedia integration is HBO Max, a Netflix-like streaming-TV service that’s expected to launch next spring. Plans for that service seem to be ever-changing, and Stankey’s handling of the roll-out stands in contrast to Walt Disney Co.’s meticulous approach to the Disney+ app, which launches Nov. 12. WarnerMedia also recently struck a production deal with director J.J. Abrams for an exorbitant amount of money that a company like Disney probably wouldn’t have offered, as I wrote last week. A key date for Stankey and WarnerMedia is Oct. 29, which is when investors will get a first look at HBO Max.The topic of succession is a valid concern. Any conglomerate could benefit from having a CEO for whom there are no sacred cows. At best, Stankey may promise more of the same, which investors haven’t been that pleased with lately. At worst, he could be at risk of botching AT&T’s transformation. His compensation looks high when viewed through that lens. After the Time Warner deal closed in June of last year, Stankey’s base salary more than doubled to $2.9 million, which AT&T said was “to reflect the increased scope and complexity of his new role as CEO of WarnerMedia.” He also received a $2 million “merger completion bonus.” Including stock grants and performance-linked awards, Stankey’s total realized compensation was $12.74 million. That was 89% higher than what John Donovan, the outgoing CEO of AT&T Communications – a division larger than WarnerMedia – earned in 2018. (1)The Wall Street Journal reported that the board supports Stankey, citing a person familiar with its thinking who said there aren’t many outside the company “who would be obvious candidates to run a complicated media and communications business.” But isn’t it at least worth looking around? And if the answer is that no one is capable of doing it, then perhaps all these businesses don’t belong together.(1) Stephenson earned $18.84 million. AT&T hasn’t said yet how Stankey’s pay will be adjusted to reflect his COO promotion.To contact the author of this story: Tara Lachapelle at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Comcast Corp.'s NBCUniversal announced Tuesday that its forthcoming streaming service will launch in April 2020 under the name Peacock, a reference to the NBC logo. The service will feature TV shows like "The Office" and "Parks and Recreation" as well as movies from Universal Pictures, DreamWorks, and other studios. NBC plans to make the service "both advertising and subscription supported" and will announce pricing details at a later date. NBCUniversal joins other traditional media players, including Walt Disney Co. , in releasing its own streaming offering. Comcast shares are off 0.5% in Tuesday morning trading. The stock has climbed 8.6% in the past three months, as the S&P 500 has risen 3.7%.
Xfinity Communities today announced that it will provide residents of Vantage – an amenity-rich, off-campus housing property for Temple University students – with technology and entertainment solutions. Immediately upon move-in, residents will have access to secure property-wide WiFi and streaming video on any device. Designed and built by The Goldenberg Group, Vantage offers 984 residents a wide variety of the latest and most popular amenities including a community and game room, golf simulator, fitness center, and study lounge.
The show debuted to guests at Islands of Adventure theme park in Orlando on Sept. 14 and will run select nights until Nov. 15.
(Bloomberg) -- NBCUniversal revealed the name and initial lineup for its new online TV platform, aiming to challenge Netflix Inc. and other streaming rivals with more than 15,000 hours of programming.The service, slated to debut in April 2020, will be called Peacock, a tip of the hat to NBC’s logo. It will include reruns of NBC shows, including “The Office” and “Parks and Recreation,” as well as a slate of original shows, the Comcast Corp. division said on Tuesday.Peacock will join a crowded field of streaming services, all of which are fighting for TV viewers’ eyeballs and wallets. Walt Disney Co. and Apple Inc. are both launching offerings in November, while AT&T Inc.’s WarnerMedia is readying a product for early next year.Peacock’s original programming will include a “Battlestar Galactica” reboot from “Mr. Robot” creator Sam Esmail and the drama “Dr. Death” starring Alec Baldwin. It also will feature comedies from the likes of Jimmy Fallon, Seth Meyers and Lorne Michaels.The company will draw heavily on its vault of content. In addition to streaming reruns, Peacock will reboot the comedies “Saved by the Bell” and “Punky Brewster.”To contact the reporter on this story: Nick Turner in Los Angeles at firstname.lastname@example.orgTo contact the editors responsible for this story: Nick Turner at email@example.com, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Netflix's (NFLX) acquisition of streaming rights of popular comedy Seinfeld will help it fill up the gap in its content portfolio post the departure of shows like Friends and The Office.
The Big Bang Theory, one of the most popular television shows of the past decade, was one of these crown jewels. The prices of classic shows have soared as bidding wars emerged, even for programmes that have not aired live in decades.
The company has reached a five-year deal to offer all 180 episodes of “Seinfeld” in the U.S. and most other markets starting in 2021.
Netflix confirmed media reports that it acquired the rights for all 180 Seinfeld episodes. Netflix will have control of the program beginning in 2021 under the five-year pact with Sony Pictures.
Comcast Business today announced new enhancements to the digital experience of the Comcast Business ActiveCore℠ software defined networking (SDN) platform that give enterprise users the flexibility to monitor their networks across multiple locations, branch offices or data centers anywhere, on any device or even, with the sound of their voice. The ActiveCore SDN platform now allows enterprises to take advantage of voice-enabled technologies to request and receive real-time network updates using any Amazon Alexa-enabled device. With simple voice commands, such as "Alexa, open ActiveCore" or "Alexa, ask ActiveCore, how my network is doing,” customers are provided insights into what is happening across their entire network, including sites that are up or down.
Are you ready? JP Morgan is predicting a sizable shift in investing. According to the firm’s chief US equity strategist, Dubravko Lakos-Bujas, style positioning remains primed for a rotation to Value from Momentum/ Low Volatility.He made the call last week after the market experienced one of the largest 3-day Momentum-Value rotations in over 30 years. The trigger: better than expected economic data, monetary and fiscal stimulus, easing trade tensions, and stabilization in yields. In the current rotation ~5 months of Momentum outperformance was given back in only 3 days, noted Lakos-Bujas. “The correlation between Value and Momentum is near 30-year lows, signaling extremely oversold positioning for Value” he writes, adding that history suggests that Momentum sell-offs of similar magnitude are on average followed by prolonged Momentum underperformance, Value outperformance, and a flat to higher equity market. So with this outlook in mind, which value stocks should you consider adding to your portfolio now? The Value PortfolioHere we take a closer look at three hot stocks in the Top 10 holdings of JP Morgan’s Large Cap Value Fund. To come up with these holdings, the firm analyzes company prospects for as long as five years, to gain insight into a company's real growth potential. Its goal: to identify the most undervalued securities in each sector“Looks for attractive valuations as well as catalysts for stock price increases, higher potential reward versus risk, and temporary mispricing caused by market overreactions” writes the firm. With this strategy in mind let’s dive into three of the portfolio’s key holdings. 1\. Marathon Petroleum CorpMarathon Petroleum (MPC– Get Report) is an independent petroleum product refiner, marketer and transporter headquartered in Ohio. It’s the largest refiner in the US, with over 3 million barrels per day of capacity across 16 refineries. At the same time, MPC also is the general partner of a midstream partnership, MPLX LP (MPLX), and has a network of nearly 4,000 company-owned retail stations.“We continue to favor coastal refiners (OW-rated MPC, PSX and VLO), who have an opportunity for modestly wider coastal differentials for both light (MEH/LLS) and heavy (Maya/WCS) crudes” cheered JP Morgan analyst Phil Gresh on September 10. He has just reiterated his buy rating with a $62 price target (16% upside potential). According to Gresh, MPC trades inexpensively on a sum-of-the-parts basis, “around which we hope that the company will look to unlock value soon.” Indeed, the Street as a whole has a bullish outlook on Marathon Petroleum. The stock shows a Strong Buy consensus with a $67 average analyst price target. For instance, RBC Capital’s Brad Heffern reiterated his buy rating following the company’s latest earnings results. He notes that MPC recently acquired ANDV, and achieving a $1.4 billion synergy target would be a major catalyst. “In our opinion, Marathon's retail business, Speedway, is the most attractive retail franchise in our coverage universe, and the extension of the Speedway model to the acquired ANDV stores could provide meaningful upside” the analyst wrote. 2\. Comcast CorpTelecoms giant Comcast (CMCSA– Get Report) is the number 1 holding in JP Morgan’s Large Cap Value portfolio (at 4.3% of the portfolio). The firm’s Philip Cusick recently singled out CMCSA as one of his top picks in the cables industry, calling it undervalued based on the company’s strong free cash flow. Encouragingly, this ‘Strong Buy’ stock has received only buy ratings from the Street in the last three months. And you can also add to the mix a rare Conviction Buy rating from Goldman Sachs’ Brett Feldman. That’s with an average analyst price target of $53 (12% upside potential). Bear in mind shares have already surged 38% year-to-date. Five-star Oppenheimer analyst Timothy Horan is one of 10 analysts currently bullish on Comcast. He upgraded CMCSA on September 5, explaining: “We think cable can become a 50%-plus EBITDA margin business on lower CAPX, while still growing broadband share and pricing with superior service.”“CMCSA has 1 gig availability in nearly 100% of its network, and we expect CMCSA to continue to increase ARPUs 4% per year. Negatively, we expect carriers to roll out 5G aggressively, which adds competition but not until 2021 or later” Horan wrote. His $54 price target stands marginally above the average analyst price target. 3 Cigna Corp Health insurance stock Cigna (CI– Get Report) is the joint third largest holding in the JP Morgan Large Cap Value Fund. Like Comcast, the stock shows 100% buy ratings from the Street with 8 bullish calls from analysts over the last three months. Meanwhile the $214 price target translates into sizable upside potential of 33%. Five-star Oppenheimer analyst Michael Wiederhorn believes that CIGNA remains one of the most attractive areas to invest for the long-term and continues to offer some of the most compelling value.In particular, the Street is keeping a close eye on the massive $67 billion merger with Express Scripts which closed at the end of last year. The deal, which paired a health insurance giant with the US's largest pharmacy benefit manager, should pay strong long-term returns for shareholders. That’s thanks to a compelling opportunity to cross-sell services, alongside a more equity-friendly capital structure. “Given the stock's attractive valuation, we believe long-term holders will ultimately be rewarded. As a result, we maintain our Outperform rating and would continue to be buyers” commented Wiederhorn. Even though regulatory pressure affects all ends of the pharmaceutical supply chain, he believes that the stock’s depressed multiples are well overdone.Discover Wall Street’s most loved stocks with the Top Analysts’ Stocks tool
Universal Parks & Resorts continues to research innovative ways to create cutting-edge rides, and its latest patent supports a future ride for its Nintendo land project. The theme park giant published a patent on Aug. 28 for a “System and Method for Positioning Vehicles of an Amusement Park Attraction” showing a technology that could improve how race-themed rides could be improved to include more than one ride car at the same time. “Amusement parks often include attractions that incorporate simulated competitive circumstances between the attraction participants.
Comcast today announced Xfinity Mobile will offer the latest products from Apple, including iPhone 11 Pro and iPhone 11 Pro Max, a new pro line for iPhone, as well as the new dual-camera iPhone 11. Through October 27, customers get $250 back when they purchase a new iPhone, activate a new line, and port their number to Xfinity Mobile. Customers will be able to preorder iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max beginning Friday, September 13, at XfinityMobile.com.
The local sports cable channel's live telecast of Cubs games ends on Sept. 26, prompting the outlet to launch an aggressive marketing push to herald a new era.
(Bloomberg Opinion) -- Careful, AT&T, those Hollywood lights can be blinding. The industry newbie has just struck an eye-popping deal with sought-after director J.J. Abrams to bring more of his movie magic to the telephone-giant-turned-media-conglomerate. AT&T Inc.’s offer amounted to: Dear J.J., please take this wheelbarrow of money. The deal between AT&T’s new WarnerMedia division and the Bad Robot production company, led by husband-and-wife team Abrams and Katie McGrath, is reported to be worth more than $250 million. That’s after Apple Inc. bid $500 million, according to Hollywood Reporter, though Abrams was said to have turned down that offer in part because he wanted to maintain a large box-office presence. With WarnerMedia, Abrams can create content for both the big screen and online-streaming properties. Bad Robot has previously produced hits such as “Star Wars: The Force Awakens,” and the shows “Lost” and “Alias.” The outrageous sums that AT&T and reportedly Apple put forth are emblematic of the escalating arms race for content. Entertainment giants – those new to the business, in particular – are trying to secure hit TV series and films for new streaming-video services launching in the coming weeks and months to compete with Netflix. Apple TV+ is set to be released Nov. 1, followed by Disney+ on Nov. 12 and AT&T/WarnerMedia’s HBO Max next spring. (Last year, AT&T acquired WarnerMedia, formerly called Time Warner, the parent of Warner Bros., HBO, CNN, TBS and other networks.) While most of these relatively low-priced subscriptions are years away from being able to turn a profit, the media giants are willing to bear the cost and pay up for the content to attract and keep customers.But WarnerMedia also threw in an unusual perk for Abrams: He gets to own potentially as much as a 50% stake in the projects he creates for the company, according to NBC News. The inclusion of a term like that, combined with the value of the contract, makes the deal look like a rookie move by WarnerMedia and the executive spearheading its streaming strategy, John Stankey, a three-decade veteran of AT&T’s phone business. Either that or desperation. Virtually no other media or tech giant would likely agree to give up those content rights. In fact, Walt Disney Co. is moving to cut back on the profits it shares with showrunners and stars after hit series pass the crucial 100-episode mark and enter into lucrative syndication deals, according to the Los Angeles Times. Disney wants control over that future licensing windfall, preferring to instead divide profits earlier on, when they aren’t quite as big.It’s no wonder that after Disney, Comcast Corp., Viacom Inc., Sony Corp. and Netflix Inc. were all said to have looked at Bad Robot, AT&T and its new media moguls landed the deal. Stankey, known for a brusque management style, has already had a rough start when it comes to gaining the respect of his new media employees and shaping the vision for WarnerMedia. It's part of the reason shareholder Elliott Management Corp. launched an activist campaign at AT&T this week, calling for more operational focus and a clearer strategy. AT&T CEO Randall Stephenson recently promoted Stankey to chief operating officer in addition to his role presiding over WarnerMedia specifically.Stankey and Stephenson aren’t the only industry outsiders starstruck by Hollywood and feeling the pressure to pay whatever’s necessary to expand streaming-app libraries and keep viewers from canceling subscriptions. Apple TV+ has reportedly dished out $300 million for the first two seasons of “The Morning Show,” an original series starring big names like Jennifer Aniston and Reese Witherspoon. Disney+ spent about $15 million on each episode of its “Star Wars” series, “The Mandalorian,” which adds up to the cost of a big-budget film. But AT&T’s leaders are showing their inexperience in the world of content and entertainment, driving away key internal personnel while so eagerly courting Abrams. The company’s post-deal turnover was punctuated by the high-profile exits of HBO’s Richard Plepler and Turner’s David Levy earlier this year.In reporting on the Abrams deal, Bloomberg News also uncovered an interesting detail about what actually happened to Kevin Tsujihara. He’s the former head of Warner Bros. who left in March amid a sex scandal involving an actress with whom he was having an affair and was accused of helping to land film roles. At first it seemed like Tsujihara was going to stay on despite the scandal, and in fact he had even just been promoted by Stephenson. However, Bloomberg reports that Abrams’s wife, McGrath, essentially gave AT&T an ultimatum, saying that’d it be hard for Bad Robot and WarnerMedia to work together if Tsujihara was there. It all makes sense now.As for the deal, Stankey had better hope Bad Robot makes good movies, because it seems none of his industry peers were willing to offer what he did. To contact the author of this story: Tara Lachapelle at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
In this current environment, buying Twitter (NYSE:TWTR) above the psychological threshold of $40 seems risky. The last time Twitter stock was so consistently elevated was back in June of last year. During that period, TWTR was angling to break into $50 but it failed quite spectacularly.Source: Worawee Meepian / Shutterstock.com Another point to consider is what my InvestorPlace colleague Will Ashworth recently stated. Comparing Twitter to Square (NYSE:SQ), Ashworth declared that the latter was the better name. One of the reasons is that Square is fundamentally more useful and valuable than Twitter.As Ashworth points out, SQ has introduced many innovations, one of which is Square Terminal. He wrote last month:InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the Canadian launch of Square Terminal, Dorogusker, Square's head of hardware, told reporters that the portable terminal provides small- and medium-sized businesses with the ability to manage inventory, send invoices, record deposits, manage payment histories, and generate reports about their companies…The product eliminates the need for shopkeepers to deploy a slew of iPads, smartphones and tablets, to successfully operate their businesses.Plus, TWTR stock is just a social media-based investment. In that space, Facebook (NASDAQ:FB) is king, and by a very wide margin. * 10 Stocks to Sell in Market-Cursed September Having said that, Twitter stock has some surprising catalysts that could help support shares in a recession. Here are three reasons why: President Trump Loves TwitterThere's an old saying that there's no such thing as bad publicity and Twitter is testing that thesis. As we all know, President Trump loves using the social media platform. Perhaps it suits his personality. Perhaps because he's a former reality TV star, he's a master of the soundbite.Of course, it's difficult to quantify the impact the executive office has had on Twitter, and some experts have stated Trump imposes a negative influence on the company because of issues like bullying and harassment.Still, I'm going to argue that overall, this administration has provided a net positive impact on Twitter stock. Primarily, every time Trump makes a groundbreaking announcement or posts a controversial statement, it's almost always done through Twitter. When various media outlets report on the subject, the company gets free advertising.Further, Twitter caters to a younger audience, ultimately helping the company's revenue-generation efforts. Since late last year, social media has transitioned into the leading news source, besting newspapers. And Trump's tweets of consciousness inspire other politicians to respond. In many ways, Twitter is a real-time, dynamic news source. That very well might benefit Twitter stock. Political Rancor Is Good for Twitter StockRecently, Oppenheimer analysts upgraded media behemoth Comcast (NASDAQ:CMCSA). Although Comcast suffers under the broader framework of cord cutting, CMCSA has moved up significantly this year.Interestingly, one of the reasons analysts there are so optimistic is the upcoming 2020 elections. The last presidential election was a golden moment for cable TV, lifting the dying traditional news media sector. With an even more contentious political environment, cable providers like Comcast should benefit.I don't really see it that way. According to the Pew Research Center, a significant percentage (22%) of the under-50 crowd get their news from social media. Moreover, a whopping 36% of the under-30 folks get their news from sources like Twitter. Right there, you have a good reason to consider Twitter stock: the underlying company will eventually replace other sources (TV, radio, and print) for news distribution.If that doesn't convince you to think about TWTR stock, also note millennials' political engagement behaviors. Nobody in this group is writing to their Congressional representatives. Instead, they're on Twitter.This isn't just a nice little statistic. Advertisers know these trends firsthand and are willing to pay big bucks for this lucrative exposure. While we'll see many winners come November 2020, one of the biggest could be Twitter stock. Twitter Is More Open Than FacebookOne common criticism against TWTR stock is that Twitter appears a permanent number two to Facebook. As everyone knows, Facebook has well over two billion active users. On the other hand, Twitter has somewhere around 320 million active users. It's not even close.But that's not where the argument ends, at least for this comparison. In recent years, Facebook has incurred multiple scandals involving privacy violations. As a result, CEO Mark Zuckerberg has attempted to shift his organization into a more privacy-friendly platform.I don't think that's necessarily a bad move for Facebook. But compared to Twitter, this shift doesn't lend itself well to distributing political opinions. In contrast, Twitter has always encouraged openness and engagement within reason. Thus, in the 2020 elections, we should find more robust debate occurring on Twitter than on other social media networks.Coming full circle, I think that's beneficial to Twitter, and not just from the eyeball count. More young people have used social media in politically meaningful ways than any other generation. And it's young people whom advertisers most wish to target.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post The Presidential Election Is a Twitter Stock Tailwind appeared first on InvestorPlace.
Universal Parks, which is owned by Comcast's NBCUniversal, plans to open the Beijing park in roughly 18 months.
NBC Universal's new streaming service, Peacock, will debut in April. Yahoo Finance's Akiko Fujita, Ines Ferre, Jared Blikre and Emily McCormick discuss.