|Day's Range||1.7300 - 2.5100|
Los Angeles startups Messy.fm and Struct Club have been in Philadelphia for the last three months participating in the Comcast NBCUniversal LIFT Labs Accelerator, powered by Techstars. Messy.fm, founded by CEO Molly Beck, offers an all-in-one podcasting solution for businesses, brands and individuals to record, edit and publish unlimited episodes for free. During the program, the company has grown its number of shows by 28 percent and added a number of paid partnerships with teams at Comcast NBCUniversal (NASDAQ: CMCSA).
Comcast has named David Tashjian Regional Vice President for the Oregon SW Washington Region, filling the role vacated by Rodrigo Lopez, who now leads the company’s Washington Region.
Shares of Netflix (NFLX) have fallen over 20% in the past three months. Let's dive into everything we know about Netflix heading into its Q3 earnings release to see what to expect from NFLX stock...
Eleven tech startups from around the world that are building innovative connectivity, media, and entertainment technologies pitched their companies to hundreds of investors, mentors, and Philadelphia’s tech and startup community on Thursday during Demo Day, which marked the finale of the second class of the Comcast NBCUniversal LIFT Labs Accelerator, powered by Techstars.
When a large corporation like Comcast launches a startup accelerator, entrepreneurs are often drawn to they chance they could land their first big Fortune 500 customer. Nickl, which offers enterprise teams a way to access articles behind publishers’ paywalls, has amassed 200 paying corporate customers during the program.
Comcast today announced Rodrigo Lopez is the new leader for the company’s Washington region. In this role, Lopez will manage all of Comcast's business throughout the state, where the company serves more than 1.6 million residential and business customers across 200 communities, and employs more than 4,500 people. Lopez is stepping in to lead one of Comcast's strongest markets in the country.
The experience will be offered to guests for a limited time Oct. 14-Nov. 9, powered by technology from holoride, and set inside new 2020 Ford Explorer vehicles. "We are partnering with Ford and Universal to bring holoride's immersive, elastic content to the general public," holoride co-founder and CEO Nils Wollny said in a statement.
Say what you will about the host of CNBC's Mad Money Jim Cramer, but he's not afraid to speak his mind. Recently, Cramer suggested that Disney (NYSE:DIS) CEO Bob Iger "has a great long-term situation brewing" that ought to be very good for Disney stock.Is he right?Source: spiderman777 / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are two reasons he's right and two reasons he's wrong. You can decide which arguments hold the most weight. The Outlook of Disney Stock Is Positive: Disney+It's hard to imagine any new entertainment initiative getting as much attention as next month's launch of the Disney+ streaming service. I did a quick search for "Disney+" on InvestorPlace's website and came up with 3,547 matches, including several in the past week alone. Investors who are not familiar with Disney+ have no business owning DIS stock. Period. For many, Disney+ will be Bob Iger's crowning glory, the move that cements the executive's place in the CEO Hall of Fame. * 10 Super Boring Stocks to Buy With Super Safe Returns InvestorPlace columnist Tom Taulli recently highlighted just how important Disney+ is to the company's future, suggesting that it could deliver as many as 25 million U.S. subscribers and 50 million international subscribers by 2024. And that, Taulli believes, could be conservative. So let's assume Disney+ reaches those numbers. Let's also assume that about 50% of the subscribers in the U.S. go for the bundle -- $12.99 per month for Disney+, Hulu, and ESPN+. And let's assume the remaining 50% go for the $6.99 per month plan and overseas, 100% go for a plan that costs 25% more at $8.99. By my calculation, Disney would generate $3 billion of annual revenue in the U.S. from Disney+ and $5.4 billion overseas, for average annual revenue per user of $112.In fiscal 2018, Netflix's (NASDAQ:NFLX) average annual revenue per user was $123 . If Disney can get anywhere near those numbers, Disney+ would have to be considered a significant success for the company. The Outlook of Disney Stock Is Positive: The Parks, Experiences and Products Unit Is Doing WellThe unsung hero of Disney, the Parks, Experiences and Products unit continues to deliver solid operating profits despite facing a very competitive environment. In Q3, this segment generated an operating profit of $1.7 billion on $6.6 billion of revenue. On the top line, its sales grew by 7% while on the bottom line, its operating profits increased by 4%. Those results were healthy, if not spectacular. What stands out for me is that Parks' attendance fell 3% in the U.S. during the quarter and 7% overseas. Yet its per capita guest spending increased by 10% in the U.S. and 17% overseas. That's what I call pricing power. On the hotel side, its occupancy was 87% during the quarter, one percentage point higher than a year earlier, thanks to a strong showing from its domestic hotels. Overall, guests spent $362 per room per night, 4% higher than in the same period a year earlier. Again, this speaks to the power of the Disney brand. The sales of its retail stores rose 4.3% year-over-year in Q3, and the stores help keep the brand in front of consumers.Lastly, this segment generated the lion's share of the company's high-margin merchandise licensing revenue. In Q3, it came in at $631 million, 13% higher than last year. If Disney doesn't lose its founder's flair for the creative, Parks, Experiences and Products will remain its most consistent moneymaker. The Outlook of Disney Stock Is Negative: DIS Has a Lot of DebtLow interest rates have managed to ease fears about corporate debt. However, that doesn't mean the owners of Disney should become complacent. "Corporate leverage is worsening in 2019 as debt rises faster than earnings for non-financial companies," said S&P Global Ratings Credit Analyst Terry Chan recently. "Very low global corporate profit growth (1%) forewarns possible earnings and economic recessions," Chan added.Disney finished Q3 with $51.5 billion of net debt. That's 2.5 times its trailing 12-month EBITDA of $20.6 billion. However, excluding its cash, Disney's long-term debt is almost five times its net income. As a result of the added debt it added as a result of its acquisition of the entertainment assets of 21st Century Fox, Disney's interest expense in the third quarter was $411 million, 2.9 times higher than a year earlier. On an annualized basis, that's almost $2 billion. A recession wouldn't be kind to Disney's bottom line. However, that's true of many large companies. The Outlook of Disney Stock Is Negative: The Other StreamersMany are assuming that Disney is going to be the belle of the streaming ball, capturing a big slice of the streaming market while barely breaking a sweat. But consider that when Apple (NASDAQ:AAPL), AT&T (NYSE:T), and Comcast (NASDAQ:CMCSA) finally launch all of their respective streaming services, there will be a trio of companies competing with Disney. Those three competitors have a combined market cap of $1.5 trillion, seven times Mickey Mouse's. That's not an easy battle to win. And Netflix isn't likely to take kindly to Disney's full-court press, either. Money is going to be spent by the boatload. The owners of DIS stock, used to a consistent dividend, are going to be in for the shock of their lives if Disney+ doesn't go as planned. I'm not saying it won't, but Iger can't afford to drop the ball on this or his legacy will be mud. The Bottom Line on Disney StockI don't think Disney+ will be a loser. Its brand is too strong. Therefore, I would say that Cramer is right about the outlook of Disney stock being positive. The only caveat: If the inevitable recession comes next year or the year after that and DIS hasn't paid down a good chunk of the debt it borrowed to buy 21st Century Fox, DIS stock won't be doing very well.Come November 1, the stakes will go way up for Disney stock. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Does Disney Stock Have a Good Thing Brewing? appeared first on InvestorPlace.
Nicolina O’Rorke’s title at NBC Sports Regional Networks is chief financial officer, but her job responsibilities go far beyond a traditional CFO role.
Agencies specializing in local media planning and buying expect media spend on advanced TV to increase more than on any other medium over the next 12 months. Automation and programmatic buying are also trending upwards. Today, FreeWheel, A Comcast Company (CMCSA), announced the results from a survey of its Strata platform users — most of whom are specialists in local media planning and buying — focused on understanding changes in their advertising strategies in the increasingly fragmented media landscape.
Comcast Business today announced that a premier New England real estate brokerage is deploying a next-generation network – powered by the Comcast Business ActiveCore SDN Platform – to offer a more technology-forward approach to optimize customers’ home buying and selling experience. The brokerage has been serving the real estate needs in the communities of New Hampshire and northern Massachusetts since 1967. In the last few years, the company has grown to have 20 offices and is committed to providing exemplary customer service and prides itself on harnessing the latest technologies to create a memorable experience for sellers and buyers.
Comcast Corporation (CMCSA) is a media, communications, and entertainment conglomerate. Its operating segments include Cable Communications, NBCUniversal, Theme Parks, Broadcast TV, and Sky, observes Ben Reynolds, editor of Sure Dividend.
Broadband has become the core component of Comcast's growth in recent years as cord-cutting trends have dealt repeated blows to the company's cable subscriber numbers.
JPMorgan cut Disney earnings estimates due to a "choppy" Fox integration, streaming investments in Disney+ and more. Disney stock edged higher.
Savannah Guthrie and Hoda Kotb discussed the charges on the air Wednesday. Lauer has denied everything in a 1,300-word letter.
The start of the traditional fall TV season in late September has been teeming with ads for new streaming services from Apple Inc. and Walt Disney Co., both of which debut later this year. It all makes for must-see streaming-TV as Netflix kicks off the earnings season among the principal combatants this week.
Investors who are eager to find stocks that can lead the market in the midst of escalating political uncertainty and slowing economic growth should consider the new "Stable Growers" basket of 50 stocks assembled by Goldman Sachs. This is the first of two stories that Investopedia will devote to Goldman's report, the second to come on Thursday. "Investors usually assign a valuation premium to stocks with historical EBITDA growth stability.
Investing.com – Roku surged on Wednesday after Macquarie upgraded its outlook on the streaming giant on expectations that a move into international markets could see its user base triple within the next three years.
Matt Lauer, the once-popular co-host of NBC's "Today," is accused in a new book by journalist Ronan Farrow of raping a female colleague at a hotel room during the 2014 Sochi Olympics, according to a report in Variety on Wednesday. NBC News fired Lauer two years ago after a female colleague accused him of inappropriate sexual behavior, making him one of a series of rich and powerful men to be felled by accusations of harassment or misconduct. In Farrow's book, "Catch and Kill," the same former NBC employee who leveled the accusations that led to Lauer's dismissal says he forced her to have anal sex after a night of drinking in the Russian city that hosted the 2014 Winter Games, Variety reported, citing the book.
Roku shares ended higher on Wednesday after getting an upgrade from Macquarie, whose analysts think the company can triple by 2022 (from 2019 guidance) because Netflix was able to do it. The firm also raised Roku's price target by $20 to $130, acknowledging that even though the competition is real (especially from Amazon), the playing field is big. Myles Udland and Akiko Fujita discuss the bullish call.