|Bid||37.30 x 4000|
|Ask||37.80 x 800|
|Day's Range||37.15 - 37.78|
|52 Week Range||30.43 - 39.84|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||14.93|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.84 (2.25%)|
|1y Target Est||44.20|
Lacrosse star Paul Rabil ditched Major League Lacrosse to launch a competitor, Premiere Lacrosse League. Now he's scored an NBC deal and an investment from Alibaba exec Joe Tsai.
Dish Network Stock Rises despite Q4 Subscriber Losses(Continued from Prior Part)Dish losing pay-TV customersLike all satellite TV providers, Dish Network (DISH) has been struggling to gain pay-TV customers. Dish Network has been losing its pay-TV
Toymakers Mattel Inc. and Jakks Pacific Inc. both have announced merchandising deals with major movie franchises, with Mattel teaming with Illumination and Universal Brand Development on "Despicable Me” toys and Jakks aligning with Warner Bros.’ Godzilla franchise.
Dish Network Stock Rises despite Q4 Subscriber LossesDish stock is up The stock of US satellite TV provider Dish Network (DISH) recovered and closed at $29.79, a rise of 3.2%, on February 14. The stock fell more than 8% in after-hours trading on
Three local companies made Fortune Magazine’s latest “100 Best Companies to Work For” list. SAP America, the German software giant’s American division, was the highest among local entrants by ranking No. 28. Based in Newtown Square, the company received praise for offering full-time benefits packages to part-timers who work just 24 hours a week and for its Internship Experience Project — a six-month, full-time paid program that hired 310 recent college graduates last year and has a 50 percent retention rate. Comcast NBCUniversal was ranked No. 71.
The experience marks the first activation from Spatial&, the newest portfolio company from Walmart’s Store N8 tech incubator focused VR merchandising experiences.
Those of you who are Netflix (NASDAQ:NFLX) customers are certainly aware by now that the cost of your subscription is about to rise, from $1 to $2 per month, depending on your plan. The news went viral in a matter of minutes when it broke back on Jan. 15. To that end, those of you who own Netflix stock are understandably concerned.The price tag is still negligible for most consumers, but there are a growing number of cheaper alternatives. Perception is everything.This is one of those (many) cases where worry isn't necessary though. Obviously some paying members will revolt by unsubscribing, but most won't, for three key reasons.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 U.S. Stocks That Are Coming to Life Again 3 Reasons This Won't Ruin Netflix StockDon't misread the message. Streaming giant Netflix has a number of issues to address, not the least of which is its increasingly negative free cash flow. The figure reached a record-breaking $1.31 billion last quarter, with no end in sight. Despite the business model's unusual nature, the trend isn't indefinitely sustainable.Simultaneously, now that Netflix has proven and even developed the whole business of piping in digital video content straight to consumers, legitimate competitors are stepping up their game.Case(s) in point: Hulu, co-owned by Comcast (NASDAQ:CMCSA), Walt Disney (NYSE:DIS) and a couple of other media players, continues to add subscribers, as does Amazon.com (NASDAQ:AMZN) to its Prime platform.Hulu, in fact, countered Netflix's recent price hike with a price cut. Disney, meanwhile, still intends to launch its own standalone streaming service later this year, drawing on its hit franchises like Star Wars and Marvel's Avengers universe.They're all good reasons to wonder if Netflix stock will ultimately be up-ended by the price increase, even if it hasn't happened yet.Of all the things that could prove problematic, however, higher prices isn't one of them for thee related reasons.1.Americans unaware of subscription-based spendingEarlier this month, management consulting firm Waterstone Group published some recent findings from a recently-conducted survey that indicated U.S. consumers have no idea how much they're actually spending on subscription services like Netflix or Spotify.Of them, 84% vastly underestimate how much they spend per month on recurring services.And, on average, they weren't even close. Even given extra time to think about it, consumers estimated they spent around $112 per month on subscriptions, but actually spent closer to $237.The lack of awareness is arguably unhealthy for America's household budgets, but as long as consumers aren't bothering to crunch the numbers, most won't think twice about the extra couple of bucks they'll now be shelling out for Netflix.2.More hours spent watching"Netflix prices, compared to the value it provides, is still attractive if you look at Hulu, HBO, etc.," explains Ravi Dhar, the director of the Center for Customer Insights at Yale School of Management.Dhar goes on to say, "How much does a movie cost in a theater? Compare that to how much content people watch on Netflix and its cost. It is still far more economical and easy to justify."And Netflix watchers are certainly extracting more value from their Netflix subscription. The average Netflix subscriber streams 64% more content than Hulu customers do.Netflix is also winning the war for perceived value when stacked up against traditional cable television.Though the average one hour and eleven minutes per day watching the service's videos is less time than most consumers spend watching cable television, much of that cable time is split up among several television channels, and focus may be minimal.And, even though viewers are watching more cable television, they're paying dearly for it. Whereas traditional cable television costs roughly 67 cents per hour actually watched by subscribers, according to number-crunching from CordCutting.com, Netflix's cost per hour works out to about 12 cents.3.First to market, most market shareFinally, it's more of a qualitative reality than a quantitative idea, but being the first to the market has helped Netflix cultivate a loyal following that simply may not want to go to the trouble of unsubscribing.Nearly 90% of streaming subscribers are Netflix customers, and though that doesn't preclude them from adding another competing services, it does make it clear which provider is the go-to choice. Though Netflix needs to work on margins and profitability, the hard part, establishing the biggest customer base is done.And as reminder, although Netflix has been bumped around by previous price increases, none of them stopped the company's long-term growth train. Bottom Line for Netflix StockTo be clear, being the biggest and most successful in a particular business doesn't inherently translate into profitability.It matters. Amazon may well be losing money with Prime, but it's offsetting that loss by inducing sales of merchandise. The average Prime customer spends roughly $1300 per year shopping at Amazon.com, versus only $700 per year for non-Prime members.Disney and Comcast, meanwhile, can use repurposed existing content to populate Hulu's library, lowering its net costs. Netflix, meanwhile, only makes money by selling subscriptions to its service. It's still not clear profits and positive cash flows are reliably meaningful with that monolithic model.What should be clear to owners of Netflix stock, however, is that most of the company's subscriber base isn't going anywhere despite the rising cost of its service.That loyalty is at least something for Netflix stock to build on.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 3 Reasons Netflix Will Survive Its Subscription Price Hike appeared first on InvestorPlace.
Disney Update: Q1 Results, ESPN+, Disney+, Hulu, and the Fox Deal(Continued from Prior Part)Disney-Fox acquisitionThe Walt Disney Company (DIS) is set to close on a $71.3 billion deal to acquire the media and entertainment assets of 21st Century Fox
PLYMOUTH, Mass., Feb. 13, 2019 /PRNewswire/ -- Comcast today announced the completion of a 1,170-panel carport solar installation that will help power its regional call center at 35 Resnik Road in Plymouth. The system will generate enough onsite clean energy – as much as 600,000 kilowatt hours of power annually, or the equivalent of 60 homes' worth of electricity – to offset more than 95% of the facility's annual energy consumption. Comcast worked with solar energy company, Sunpower, to install the parking lot-based solar array, also enabling the installation of two dual-port electric vehicle (EV) charging stations beneath the solar panel canopy, with the ability to charge four vehicles simultaneously.
Disney Update: Q1 Results, ESPN+, Disney+, Hulu, and the Fox Deal(Continued from Prior Part)Hulu’s price revisions Subscription service Hulu has recently updated the monthly prices of its subscription plans. On January 23, Hulu announced that it
Amazon Updates: Cloud, Advertising, Prime, and HQ2(Continued from Prior Part)Boosting perks for Prime members Amazon (AMZN) spent $28.8 billion on technology and content in 2018, an increase from $22.6 billion in 2017. During an investor briefing
How Is AT&T Currently Placed in the US Telecommunications Space?(Continued from Prior Part)AT&T’s WarnerMedia segment AT&T’s (T) new WarnerMedia segment, which includes Turner and premium TV channel HBO, reported revenue of $9.23
In theory, when 21st Century Fox (NASDAQ: FOXA) morphs into Fox Corp. after the $71.3 billion sale of Fox's entertainment assets to Walt Disney (NYSE: DIS) closes in a month or so, Fox can focus on what it thinks it does best, such as sports. But the high, rising cost of sports-broadcasting deals could lower Fox's profits, hurting Fox stock in the process.Anytime you are thinking about investing in a "family" business, including Fox stock, it's important to remember that the family owners -- in this case the Murdochs -- usually think of themselves first. Rupert Murdoch and his clan control Fox through the dual-class ownership system of Fox stock. Activist owners of Fox stock have denounced the ownership structure for years in proxy proposals that haven't persuaded Murdoch to take any action. Click to Enlarge Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Rising Cost of TV Sports DealsThe other thing for owners of Fox stock to remember is that sports broadcasting is becoming an increasingly expensive "game" for Fox to play. * 9 U.S. Stocks That Are Coming to Life Again FOXA signed a seven-year extension with Major League Baseball last year for at least $5 billion, representing a 36% average annual increase over the existing contract. Fox also won the rights to the NFL's Thursday Night Football broadcasting, reportedly paying more than $3 billion over five years or roughly $600 million a year. Incumbents CBS and NBC paid a combined $900 million for the rights to Thursday Night Football under their earlier, two-year deal. Fox no doubt will compete for "Monday Night Football" when ESPN's $15 billion contract expires in 2021. The existing $27 billion deal with FoxA, CBS (NYSE:CBS) and Comcast's (NASDAQ: CMCSA) NBC for the NFL's Sunday games expires in 2022. Fox certainly will compete for a piece of that deal as well.Deals between leagues and TV networks usually extend existing contracts and are negotiated well in advance of their expiration, so it wouldn't surprise me if negotiations between the NFL and the networks are going on now.Prices for sports-broadcast rights aren't slowing down anytime soon, thanks to the growth of sports betting, which analysts say will boost TV viewership. Tech companies, including Alphabet's (NASDAQ: GOOG) YouTube and Amazon (NASDAQ: AMZN), may make a run at NFL broadcasting rights since professional football is by far the country's most popular professional sport. If the tech companies do bid, the prices of NFL broadcast deals will rise meaningfully.Spending What It TakesAs the sports-broadcast deals illustrate, Fox Executive Chairman Rupert Murdoch is willing to spend what it takes to get a deal done. That "damn-the-torpedoes" attitude is one of the reasons why Murdoch is so successful. It has also lead the 87-year-old to take some foolish risks, including News Corp.'s 2005 purchase of MySpace for $580 million. Six years later, the company sold the ill-fated website for $35 million. Murdoch also let his emotions get the better of him in 2007 when News Corp paid $5.7 billion for the Wall Street Journal's parent company, Dow Jones, which he had long coveted. Two years later, News Corp. wrote down half of the value of the Dow Jones acquisition (A few years ago, the old News Corp,. was divided into News Corporation (NASDAQ:NWSA), which includes Dow Jones, and 21st Century Fox, which owns the old News Corp's broadcasting and movie assets). To be fair, 21st Century Fox has fans such as analyst Michael Nathanson of MoffetNathanson, who recently noted to clients that Fox's cable networks such as Fox News "likely will have industry-leading revenue growth" and noted that the profits of the Broadcast division, including its local TV stations, are poised to rise over the next few years. But Fox stock has jumped more than 36% over the past 52 weeks, outperforming rivals such as DIS, which rose more than 6%, and CBS, which fell 9% during the same period. Fox stock currently is trading at around the consensus price target of Wall Street analysts. I don't see any catalyst that will move significantly move Fox stock, given the many uncertainties about the company, which is why I recommend that investors take a pass on FOXA.As of this writing, Jonathan Berr has a small amount of Comcast stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 7 Forever Stocks to Buy for Long-Term Gains * 5 Self-Driving Car Stocks to Buy Compare Brokers The post Fox Stock Is Quite Risky appeared first on InvestorPlace.
Disney Update: Q1 Results, ESPN+, Disney+, Hulu, and the Fox Deal(Continued from Prior Part)Disney’s focus on streaming services The Walt Disney Company (DIS) has been investing significantly in streaming services to take on established players