|Bid||38.06 x 1300|
|Ask||38.19 x 1000|
|Day's Range||37.99 - 38.91|
|52 Week Range||30.43 - 44.00|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||7.37|
|Earnings Date||Jan 22, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||0.76 (1.97%)|
|1y Target Est||43.83|
The TV executive alleges Comcast and Charter discriminated against his network when choosing which channels to put in their line-ups.
Twitter’s daily users increased 9.0% year-over-year in the third quarter, marking the slowest growth in the company’s daily audience in two years. The daily audience expansion hit a record low at a time when Twitter has been busy cleaning up its platform in a bid to foster healthy conversations. Twitter doesn’t disclose the exact size of its daily audience.
It turns out Comcast Corp.-owned NBCUniversal's film and TV folks and its Universal Parks & Resorts division haven't always been in sync with each other when it comes to developing new rides for its theme parks such as Universal Studios Florida and Islands of Adventure in Orlando. "When we bought the company, there was not much dialogue between the theme park division and the film division, which is kind of shocking," said Jeff Shell, chairman of Universal's Filmed Entertainment Group, during a Bank of America Merrill Lynch Investor Conference in September. There is probably a longer lead time in making a theme park attraction." Shell went on to say the two divisions now work together more often on major projects and how they can translate into more opportunities for both films and theme parks.
Microsoft (MSFT) has managed to grow its gaming revenue rapidly. Microsoft credits this growth to the growing engagement of its community of gamers on its Xbox platform. Microsoft now has 11 game studios to feed its fast-growing subscription-based service, which includes Game Pass for Xbox One gamers.
Verizon (VZ) is managing the challenges of the pay-TV market by focusing on its Fios Internet offering in the wireline component. In the third quarter, Verizon added 54,000 Fios Internet customers as compared to 66,000 net additions in the year-ago quarter. However, the net gains in Fios Internet connections were partially offset by 52,000 net declines in high-speed Internet connections. As a result, total net broadband connections for Verizon increased by 2,000 in the third quarter.
The Walt Disney Company (DIS) is on track to acquire the media and entertainment assets of 21st Century Fox (FOXA) after selling its 39% stake in Sky Plc to Comcast (CMCSA), a rival bidder for Fox’s assets that later decided to withdraw to focus on the Sky acquisition. Disney’s $71.3 billion Fox deal is expected to close in 2019. Disney’s acquisition of Fox’s assets will give it a dominant stake in video streaming company Hulu.
In the United States, Amazon’s (AMZN) Echo devices make up 63% of the smart speaker market, according to Strategy Analytics. Meanwhile, Google’s (GOOGL) Home devices make up 17% of the market, and Apple’s HomePod devices make up 4.0%. Sonos (SONO) and other smart speaker vendors hold 16% of the market combined. The global smart home market was worth $24.1 billion in 2016 and is on track to hit $53.5 billion by 2022, according to forecasts by Zion Market Research.
’s $71bn purchase of Rupert Murdoch’s entertainment assets has been approved by regulators in China, removing one of the remaining hurdles to a deal which will redraw the global media landscape. Disney is on course to complete the deal in the first quarter of 2019 and has made good progress in securing necessary approvals. The deal, when complete, will broaden Disney’s portfolio of intellectual property, giving it characters and franchises ranging from X-Men and Avatar to Toy Story, Mickey Mouse and Han Solo.
Subscription news services are becoming more enticing as investments than ad-based models, a turnaround from recent years. Comcast Ventures, a VC firm, has specifically avoided investing in seed rounds for digital media businesses. While The Athletic, founded in 2016, has gained scale using a subscription service, Axios has taken a different, ad-only approach.
For years, digital media companies wrestled with charging for their content. The pendulum might be swinging in the direction of subscriptions as paywalls gain popularity and ad-fueled businesses struggle.
Back in March, I shared my misgivings about Facebook (NASDAQ:FB) and suggested it was in trouble. At the time, FB stock was selling at about $176 per share. Then came the reckoning in FB: a disappointing earnings report and negative headlines that have sent FB stock down by one-third, to roughly $143 per share.
NVIDIA Corporation (NASDAQ:NVDA) shareholders have witnessed a decrease in hedge fund sentiment during third quarter. Some hedge fund managers might have sensed the looming demand declines and bolted out. Nevertheless, NVDA was still the 67th most popular stock among hedge funds at the end of September (check out the list of 30 most popular stocks among […]
In June, the Walt Disney Company (DIS) agreed to buy the media and entertainment assets of Rupert Murdoch–owned 21st Century Fox (FOXA), including a 39% stake in London-based Sky Plc, for $71.3 billion. However, after Comcast (CMCSA) won the bid against Fox for a 61% stake in Sky, Disney and Fox decided to sell the remaining 39% stake in the European broadcaster to Comcast.
Citing Nielsen, NBC Sports Philadelphia said it registered a 6.2 household overnight rating, which also ranked as the night’s No. 1 show on cable in Philadelphia.
Amid the growing popularity of online video streaming services, the Walt Disney Company (DIS) is set to launch its Disney-based streaming DTC (direct-to-consumer) service, Disney+, in US markets in late 2019. The service will offer original content under five banners: original Disney, Pixar, Marvel, Star Wars, and National Geographic.
The original, and not necessarily lamented, XFL was indisputably an NBC family member, even as a stepchild. As a joint venture with WWE (then known as WWF), Dick Ebersol and Vince McMahon shared parentage, and the league that spawned “He Hate Me” was televised on NBC (NASDAQ: CMCSA) during its lone season in 2001. “I expect we will be in business with one of them,” NBC Broadcasting and Sports Chairman Mark Lazarus told me during a recent on-stage interview at a Fairfield County Sports Commission event in Stamford, Conn., perhaps a mile from WWE headquarters.
Comcast NBCUniversal will donate $1.1 million in cash and in-kind support for the communities impacted by California’s devastating fires. A cash contribution of $850,000 will go to the CDF Firefighters Benevolent Foundation, the Boys & Girls Club of North Valley, the Butte County Schools Fire Relief Fund, the Camp Fire Evacuation Relief Fund, and the Entertainment Industry Foundation. Comcast will also donate $250,000 worth of in-kind support to the North Valley Community Foundation. As part of the in-kind funding, Comcast will donate advertising time on its cable systems to build awareness and encourage donations to the North Valley Community Foundation, which administers the Camp Fire Evacuation Relief Fund and the Butte County Schools Fire Relief Fund.
Comcast Corporation (CMCSA) today announced it has selected two new African American majority owned independent networks to be broadly distributed on Comcast Cable systems beginning in January 2019. After a thorough evaluation of dozens of proposals, Comcast selected AFRO and CLEO TV, both of which will provide quality entertainment that highlights and features TV and movie content about African American and black communities.
The Walt Disney Company (DIS) continues to invest in its theme parks, which have been the driving force behind its top line growth for the past several quarters. In the fourth quarter of fiscal 2018, Disney’s Parks and Resorts segment reported revenue of $5.07 billion.
Comcast today announced a new set of security camera features designed to help consumers better spot package theft “Grinches” this holiday season, including the ability to filter motion-triggered activity by people or vehicles. According to the new survey findings, commissioned by Comcast and conducted by Wakefield Research, nearly one in four people report being a victim of package theft and nearly half know someone who has had a package stolen. “Home security cameras, when integrated with our other Xfinity services, offer great peace of mind so our customers can check-in on their home from anywhere, anytime,” said Eric Schaefer, General Manager and Senior Vice President of Xfinity Services.
It’s not difficult to find a reason to steer clear of Roku (NASDAQ:ROKU) right now. Revenue growth is slowing, Comcast Corporation (NASDAQ:CMCSA) is working on a competing product and Roku stock itself is struggling to pick itself up after taking a post-earnings tumble. Roku is a young company, and Roku stock is still a relatively fresh listing.
In the fourth quarter of fiscal 2018, the Walt Disney Company’s (DIS) studio revenue rose more than 50% YoY (year-over-year) to $2.2 billion. Its operating income rose more than 100% YoY to $596 million.
Fox Sports and NBC Sports stay on sideline for the sale, leaving the media industry to wonder who’s in.
Major League Baseball's local streaming deals with Fox Sports and Comcast-owned NBC Sports ended after the 2018 season and the two network groups already are butting heads with the league over a renewal.