|Bid||0.00 x 1000|
|Ask||0.00 x 1400|
|Day's Range||108.90 - 111.08|
|52 Week Range||97.68 - 120.20|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||13.09|
|Earnings Date||Feb 5, 2019|
|Forward Dividend & Yield||1.76 (1.57%)|
|1y Target Est||124.50|
Former Walt Disney Co. Chief Operating Officer Tom Staggs has emerged as a top candidate to become CBS Corp.’s new chief executive, people familiar with the matter said, as the network tries to move past months of uncertainty and upheaval since the departure of Leslie Moonves over allegations of sexual harassment. The interest in Mr. Staggs has been informally conveyed to the executive, who left Disney in 2016 when it became clear he wouldn’t succeed Robert Iger as Disney’s chief executive, the people said. Other potential candidates for the CEO position include Hasbro Inc. CEO and CBS director Brian Goldner and Starz Chief Operating Officer Jeffrey Hirsch, a person close to the process said.
former COO has emerged as the leading candidate to run CBS Corp. CBS as it tries to move beyond a series of sexual harassment scandals, according to a published report. Tom Staggs, who left Disney in 2016 after he fell out of running for the top job, has been "informally approached" by CBS about its interest in hiring him for the top job, The Wall Street Journal reported Tuesday. Others on the list include CBS interim CEO Joe Ianniello, CBS director Brian Goldner and Starz Chief Operating Officer Jeffrey Hirsch, the Journal reports.
Shares of Apple (AAPL) have tumbled 24% in the last three months as part of the larger market pullback. But investors do have legitimate concerns about Apple going forward as iPhone unit sales slow. Still, the question is should investors take Apple's downturn as a chance to buy AAPL stock at a discount?
Steve Burke, head of the Comcast Corp. division, suggested that the company might unveil an online TV service in 2019 -- though it’s hard to know how seriously to take a message written in the rhyming style of Dr. Seuss. Burke, who oversees the NBC network, cable channels such as USA, and the Universal theme parks and movie studio, has yet to announce a streaming product like those planned by rivals Walt Disney Co. and AT&T Inc.’s Warner Media next year. In his holiday note, Burke also lamented that Comcast lost out to Disney in a bidding war for 21st Century Fox’s entertainment assets.
CEO Paul Berberian confirmed that Sphero is liquidating its BB-8s, R2-D2s, Lightning McQueens and Spider-Mans and won’t be making more.
Stock futures are higher this morning in what would ordinarily be considered a bullish bounce for stocks, but in this case only enough to make a partial dent in the heavy losses.
Fund investors would like to see their actively managed funds beat the market every year, but they've been left wanting for well over a decade. The lack of consistent outperformance on the part of large-cap active managers (the main contributors to the Ultimate Stock-Pickers concept) has been well documented by the S&P Indices Versus Active Funds (SPIVA) U.S. Scorecard. Other investment styles fared better, as 58.0% of large-cap value managers and 63.7% of large-cap growth managers outperformed their respective benchmarks.
Facebook (FB) has been looking to diversify its business away from online advertising for some time. Facebook has been trying to grow its premium video content on its “Watch” platform. In August, Facebook acquired the rights to broadcast UEFA Champions League in Latin America.
Netflix Inc. is staging an ABC reunion. Channing Dungey, who stepped down from her post as president of ABC Entertainment a month ago, is joining the streaming giant as vice president of original content. In the newly created role, Dungey will work with Holland to set strategic direction as well as oversee a large portion of Netflix’s slate, including some of the company’s overall deals with such showrunners as Shonda Rhimes and Kenya Barris, who left ABC for the streamer during Dungey’s tenure there.
An entity related to Burbank, Calif.-based Walt Disney Co. (NYSE: DIS) has purchased nearly 1,000 acres in Osceola County in response to the theme park company's growth in Central Florida, according to a person involved in the deal. Disney's 215 Celebration Place LLC acquired the 965-acre B-K Ranch LC from Astatula-based BFT Capital Corp. for $23 million, or $23,800 an acre, said Jerry McGratty, who is a judge-appointed custodian of the land. The sale closed Dec. 13, but the land deed hasn't been officially recorded in Osceola County records.
The Walt Disney Company will discuss fiscal first quarter 2019 financial results via a live audio webcast beginning at 4:30 p.m. EST / 1:30 p.m. PST on Tuesday, February 5, 2019.
London-based media analytics firm Ampere Analysis reckons that the two giants will collectively end up spending $22 billion creating or buying entertainment content before this is even over. While certainly a big number, the biggest spend in the industry, in fact, current and prospective owners of Disney stock needn’t over-react. Rivals ranging from Amazon.com (NASDAQ:AMZN) to Netflix (NASDAQ:NFLX) to Comcast (NASDAQ:CMCSA) are all spending massive amounts on content, ultimately looking to generate even more revenue with it.
The theme park giant is finding more ways to use guests' mobile devices to enhance experiences.
Netflix Inc. has tapped former ABC Entertainment President Channing Dungey as a vice president of original content, the latest evidence of the growing rivalry between the streaming-video giant and ABC parent Walt Disney Co. ABC said last month that Ms. Dungey was stepping down from her post as Disney looks to complete its acquisition of the bulk of 21st Century Fox Inc.’s entertainment operations. Ms. Dungey, who starts in February, follows other prominent people from ABC’s stable who have moved to Netflix.
Children’s entertainment company Moonbug Entertainment has raised $145 million in initial funding led by the Raine Group, Moonbug plans to announce Monday. Moonbug plans to use the funds to acquire popular children’s shows, invest in production and eventually create a stable of quality kids’ programming that the London firm hopes to distribute globally, said co-founder René Rechtman. The Fertitta brothers started the firm with some proceeds from their $4 billion sale of mixed martial-arts company UFC in 2016.
If you think your boss or board of directors is demanding, consider the case of Robert Iger, the Walt Disney Co.’s chief executive. You see, the poor guy’s board has given him some revenue target instructions that would make a lesser man turn to drink, drugs or binge-watching episodes of “Game of Thrones.” According to The Wall Street Journal, Disney (NYSE: DIS) has raised the revenue target Iger needs to meet to collect his bonus.
When you look back at 2018, the biggest TV events are pretty clear and suggest a heated competition in the future.