|Bid||33.70 x 1400|
|Ask||33.73 x 4000|
|Day's Range||32.91 - 34.14|
|52 Week Range||30.43 - 44.00|
|PE Ratio (TTM)||6.91|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||0.76 (2.24%)|
|1y Target Est||43.60|
It’s the “Jurassic Park” franchise’s turn this weekend, one week after a stunning opening weekend from Disney’s(DIS) “Incredibles 2.” Universal Pictures’ “Jurassic World: Fallen Kingdom” earned $15.3 million in previews after its release on Thursday night, and is tracking to take a large bite out of the domestic box office. Analysts are estimating an opening weekend gross of $130 million to $140 million—a substantial amount, though not as large as that of its predecessor “Jurassic World,” which opened to $209 million in 2015.
Investors are waking up to the idea that the trade war between the U.S. and China could be the real deal. Boeing, which counts China as its largest market, single-handedly took 94 points off the Dow Jones Industrial Average that day. The business giants on Wednesday appointed Dr. Atul Gawande as chief executive of a yet-to-be-named company tasked with tackling rising employee health-care costs.
Fitch Ratings placed The Walt Disney Co.'s (dis) senior unsecured A rating on review for a possible downgrade on Friday, citing the material increase in leverage that Disney's revised bid for assets of 21st Century Fox Inc. (foxa) would create. The move further "incorporates a degree of uncertainty related to the final terms of the transaction due to the potential for a competing offer from Comcast Corp. (cmcsa)" said the agency. Fitch estimates that the new terms will increase Disney's leverage to about 4.0 times, assuming it succeeds in closing the Fox deal, and Fox succeeds in closing its bid for the 61% of Sky Plc (uk:sky) it does not already own.
In what amounts to "opposite day" (or something like that), Incredibles 2 opened in China yesterday/today (time zone magic) on Jurassic World: Fallen Kingdom's second Friday of release in what is now the biggest moviegoing marketplace in the world. Jurassic World: Fallen Kingdom has done so well overseas (if it hasn't crossed $500 million worldwide, it will today) that Universal/Comcast Corp. almost doesn't care about its domestic figures.
Media giant Disney (DIS) has recently made a higher bid than rival bidder Comcast (CMCSA) for most of the assets of 21st Century Fox (FOXA). Disney is now offering more than $71.3 billion for Fox’s film, television, and entertainment assets, around 36% higher than its initial bid of $52.4 billion in December. Following the announcement, Comcast shares were up 1.77% to $33.39 on June 20, while Disney closed up 0.99% to $107.15 per share.
The Net Neutrality laws, which were repealed by the Federal Communications Commission (“FCC”) on Dec 14, 2017, finally received the death knell on Jun 11. The newly constructed FCC under Trump administration with Ajit Pai at the helm rescinded the Obama-era open-Internet rules. Notably, the rules had altered the dynamics of the Internet Service Providers (ISP) industry.
The two corporate moguls are going head-to-head over Twenty-First Century Fox's valuable entertainment assets.
chief executive Rupert Stadler became the highest-profile sitting executive to be arrested in the long-running diesel scandal, when German prosecutors arrived at his home on Monday and took him into custody for pre-trial detention, writes Patrick McGee in Frankfurt. Although Mr Stadler has not been charged, prosecutors said in a statement they were concerned that the head of Volkswagen’s most profitable unit could obstruct justice. The arrest came one week after his private apartment was raided by prosecutors, who named Mr Stadler a suspect on May 30.
is already gearing up for a new offer meant to leapfrog Disney's latest $85bn deal, which includes the assumption of Fox's debts. A deal for 21st Century Fox — which includes its film and TV studio, cable channels like FX and the company's stakes in Hulu and Sky — will ultimately be constrained by how much debt Messrs Iger and Roberts are willing to take on to fund a takeover. Neither company could clinch the deal with junk ratings, and both Comcast and Disney would seek to avoid a downgrade to triple B minus, the bottom rung of the investment grade universe.
Roller derby is a full-contact American sport played by 1,200 teams whose members adopt intimidating nicknames. Speaking of going round in circles, Lex had a pop at Elon Musk’s hyperloop trains promising transport at near-supersonic speed.
Walt Disney Co said on Thursday it was willing to divest Twenty-First Century Fox Inc assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization (EBITDA) to get a regulatory nod for the deal. Disney in a regulatory filing said it was willing to divest the assets, potentially including regional sports networks. The media conglomerate had previously planned to divest Fox assets that generated $500 million in EBITDA.
There were days of silence when Comcast expected heavy negotiations. Weeks later, Mr. Murdoch announced a deal with rival Walt Disney Co. for $52.4 billion, nearly $12 billion less than the Comcast offer. “I don’t know what more I could do,” he told a close friend. After the holidays, he began gaming out strategies that could torpedo Disney’s Fox deal, people close to the company said, setting into motion media’s highest-stakes bidding war in years and the biggest bet of his career.
Netflix (NASDAQ:NFLX) has become the gold standard of the streaming video market. It enjoys more market share than its rivals, and Netflix stock continues to bump into new highs despite a multiyear streak of negative cash flow. Maybe Netflix is the name to beat and will remain the streaming video market’s top dog in perpetuity.
Comcast NBCUniversal today announced that it has awarded $86,000 in scholarships for the 2018-19 school year to 82 Washington students as part of its annual Leaders and Achievers® Scholarship Program.
Disney (NYSE:DIS) upped the ante to $70 billion in cash and stock for key 21st Century Fox (NASDAQ:FOXA) assets, one week after Comcast (NASDAQ:CMCSA) outbid the company’s initial offer. Shares of Disney jumped over 1% on Wednesday following the news, which means now is a good time to see if Disney stock is worth buying at the moment. It is no secret why Disney wants this Fox deal.
The Pennsylvania Esports Coalition wants to work with gamers and lawmakers alike to promote the rapid growth of the esports industry in the state.
Disney's (DIS) sweetened takeover bid for 21st Century Fox (FOXA) has soured ratings agency Moody's Investor Service on the media giant's debt. Moody's placed Disney on review for a downgrade late yesterday, citing the company's major debt load, should it be successful in buying Fox and European satellite TV provider Sky: Moody's pegs the company's debt to earnings before interest, taxes, depreciation and amortization ratio around four times if the deal closes, 3.5 times without Sky. Of course, that figure could go higher if Comcast (CMCSA) ratchets up its own $65 billion offer for Fox and Disney decides to escalate again. Moody's expects that should a ratings downgrade occur, it will be limited to one notch." Needham's Laura Martin expects that Disney will win the day, given that Fox's controlling Murdoch family will vote its 17% economic interest for the deal, which means that only 40% of remaining shareholders need to agree, where as 60% of non-Murdoch shareholders have to vote for the Comcast deal.
Ever since a federal judge approved the mega-merger between AT&T (NYSE:T) and Time Warner (NYSE:TWX), Comcast and Walt Disney Co (NYSE:DIS) have upped the ante in their acquisition pursuits of Twenty-First Century Fox Inc (NASDAQ:FOXA). Comcast rivaled that with a $35 bid last week. This is all great news for Fox.
If Disney wins bidding war for Fox's assets, it could mean big trouble for Netflix. Yahoo Finance's Seana Smith and Jen Rogers discuss with Benchmark CEO Kevin Kelly.
Tom Rogers, WinView executive chairman and former NBC Cable president, discusses AT&T’s new skinny buddle, as well as his thoughts on the bidding war over Fox assets.
Jun.21 -- Mark Patricof, founder of Patricof Co., and Bloomberg's Sonali Basak discuss recent media mergers, the dominance of Netflix and Patricof's new venture with star athletes. They speak on "Bloomberg Daybreak: Americas."
Roger Altman, Evercore founder & senior chairman and former deputy Treasury secretary, discusses the environmenet for mergers and acquistions.