|Bid||0.00 x 100000|
|Ask||0.00 x 100000|
|Day's Range||2,018.00 - 2,055.00|
|52 Week Range||1,704.50 - 2,200.00|
|PE Ratio (TTM)||287.83|
|Forward Dividend & Yield||32.41 (1.78%)|
|1y Target Est||N/A|
British pay-TV group Sky has become the target of a bidding war involving some of the world’s largest media companies. Here, the potential multibillion dollar deal is explained, with details of the interested ...
Bruce Rosenblum is exiting as president of business operations for the Disney/ABC Television Group after less than two years in the position. The departure comes two months after parent company Walt Disney Co. reorganized its operations, a move that resulted in Mr. Rosenblum losing key areas of responsibility including oversight of advertising sales, distribution and digital-media strategy for the unit. In a memo to staff Wednesday, Mr. Rosenblum’s boss, Disney/ABC TV Group President Ben Sherwood, said the two had discussions about other roles with Disney, but that Mr. Rosenblum has opted to depart at the end of the month.
Comcast Corp. is escalating its threat to disrupt Walt Disney Co.’s megadeal to buy the bulk of 21st Century Fox Inc.’s assets, a potential move that could reshape the power structure in the entertainment industry. Comcast said on Wednesday it is in advanced stages of preparing a cash offer that would top Disney’s all-stock, $52.4 billion deal for Fox’s entertainment businesses. One major Fox shareholder is also urging the company to engage with Comcast, adding pressure as the cable giant gets ready to appeal directly to Fox shareholders.
Comcast Corp confirmed on Wednesday it was preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox, setting up a bidding war with rival Walt Disney Co, which already has agreed to a $52-billion deal with Fox. The largest U.S. cable operator said it was in advanced stages of readying a bid that would be superior to Disney's all-stock offer. "While no final decision has been made, at this point the work to finance the all-cash offer and make the key regulatory filings is well advanced," Comcast said in a statement.
ESPN has finalized its multi-platform, multiyear deal with UFC, and the package is even bigger than previously announced, securing exclusive digital and television rights.
Stock reversed earlier losses on Wednesday and finished slightly higher after the Federal Open Market Committee released minutes from its May meeting. Stocks fell earlier in the day after comments from President Donald Trump that cast doubt on a planned nuclear summit with North Korea and ongoing trade talks with China. Trump told reporters in Washington there was a "substantial chance" his June 12 meeting in Singapore with North Korea's Kim Jong Un may not take place, given the change in tone the regime has displayed since criticizing a joint U.S.-South Korea military exercise last week.
Comcast Corp. will approach 21st Century Fox Inc. shareholders as soon as this week to discuss its plan to snatch away the media company’s trove of entertainment properties from rival suitor Walt Disney Co., according to a person briefed on the matter. The cable giant also has told the Justice Department about its interest in the Fox assets, an early step in addressing antitrust concerns about a potential transaction, according to the person, who asked not to be identified because the deliberations are private. Comcast is laying the groundwork for a deal after confirming its desire to outbid Disney for the Fox operations, which represent most of that company’s entertainment holdings.
The streaming service has hired two new vice presidents to help evolve and drive Hulu’s overall marketing strategy.
Tomorrow night brings us the debut of Walt Disney's Solo: A Star Wars Story. The prerelease tracking for the Alden Ehrenreich/Emilia Clarke/Donald Glover/Woody Harrelson prequel has gone from a $160 million-$170 million Fri-Mon weekend (which would be just above the $153m debut of Pirates of the Caribbean: At World's End in 2007) to something closer to $150m, or maybe as "little" as $135m over the holiday. Tracking is not an exact science, but an opening weekend comparable to Pirates of the Caribbean: Dead Men Tell No Tales (which was tracking at $90m but ended up with $77m last Memorial Day weekend) still gets Solo to a $136m-$145m Fri-Mon weekend.