|Bid||102.16 x 800|
|Ask||102.17 x 1000|
|Day's Range||101.97 - 103.00|
|52 Week Range||96.20 - 113.19|
|PE Ratio (TTM)||14.58|
|Forward Dividend & Yield||1.68 (1.67%)|
|1y Target Est||N/A|
Friday, May 25: President Donald Trump cancels on Kim Jong Un but leaves possibility of meeting open, Netflix becomes more valuable than Comcast or Disney, Michelle Obama reveals book cover. Yahoo Finance’s Dan Roberts leads you into the weekend.
The Walt Disney Company (DIS) is launching a food-focused digital channel called Disney Eats under its Disney digital networks arm. The digital network was previously known as Maker Studios, a business that Disney acquired for $500 million in 2014. Disney is now stepping up its efforts to make more money off the digital network.
Recent stories on Netflix, Amazon, Hulu and other streaming services reported by The Business Journals and elsewhere.
This review contains no spoilers. There are a lot of movies released nowadays that the world didn’t ask for or need. Just this summer, we can look forward to a fourth sequel to Jurassic Park; a sequel to The Incredibles released 14 years after the original; Ocean’s Eleven‘s numerically confusing third sequel; and a sequel…
Fox released a cute Golden Girls-ish Deadpool commercial online today, presumably to coax folks to either see the movie or see the movie again over the long Memorial Day weekend. The hope is that the holiday weekend will soften the blow of what otherwise might be a hefty second-weekend drop, and we'll see if it ends up closer to $220 million or $230m domestic by Monday night. The movie has earned $164m in its first week of domestic release, meaning it has earned at least $370m worldwide on a $110m budget.
It will come to Disney's Hollywood Studios in Orlando, Florida, in late fall 2019. A Millennium Falcon, which guests will be able to pilot, will be a key attraction for the areas, which are set on the planet Batuu. Disney DIS continues to take full advantage of their 2012 purchase of Lucasfilm and the "Star Wars" franchise.
Twenty-First Century Fox (FOX) (FOXA) has begun contemplating a future without the majority of its assets. It has agreed to sell the bulk of its assets to the Walt Disney Company (DIS).
Alongside baseball, hockey and soccer, ESPN+ subscribers can now watch esports. The Walt Disney Co.’s sports streaming service has inked a nonexclusive, multiyear agreement with Riot Games to live-stream “League of Legends” competitions starting this summer. Fans will still be able to watch “League of Legends” on other services such as Twitch, YouTube and Riot Games’ own player.
Marvel and Walt Disney's Avengers: Infinity War earned another $1.914 million on Thursday, bringing its 28-day cume to $605.2m domestic. If it can withstand the head-to-head challenge of Solo: A Star Wars Story, it's probably going to pass the $2 billion mark worldwide and possibly the $2.068b global gross of Star Wars: The Force Awakens. Part of the reason Disney moved Avengers: Infinity War to late April was to give it a shot at the global opening weekend record and to give it more time before the one-two punch of Deadpool 2 and Solo: A Star Wars Story.
As expected, Solo: A Star Wars Story was DOA in China, earning just $3.3 million on its first day of release. China got its first theatrical taste of Star Wars with The Force Awakens and they (as a whole) didn't care much for it. As such, Force Awakens earned just $124 million from a $33m opening day, while Rogue One earned $69m the next year and The Last Jedi ended its run with just $42.6m in what is now the world's biggest moviegoing marketplace. As noted yesterday, there is no law saying that China must embrace the Force on a level equal to North American moviegoers.
Comcast (CMCSA) has long been known for its careful approach to dealmaking, preferring to pay for acquisitions with cash and stock instead of borrowing, according to CNN. The Walt Disney Company (DIS) agreed to buy a piece of Sky in what is seen as a move designed to help Fox pass regulatory muster in its pursuit of Sky. Comcast is reportedly in talks with banks to borrow as much as $60 billion to fund its anticipated new offer for Fox in a challenge to Disney.
For the first time ever, hyper-growth streaming media giant Netflix, Inc. (NASDAQ:NFLX) is worth more than traditional media giants Comcast Corporation (NASDAQ:CMCSA) and Walt Disney Co (NYSE:DIS). As of this writing, Netflix stock has a market cap of $152 billion. Disney stock has a market cap of $151.5 billion.
The streaming company on Thursday closed with a market value of $151.8 billion, after earlier in the session passing Disney for the first time a day after it eclipsed Comcast. Disney is valued at $152.2 billion and Comcast $145.5 billion. Netflix shares added 1.3% in early trading Friday, putting it on pace to close above Disney for the first time ever.
Comcast (CMCSA) has spurred tensions with the Walt Disney Company (DIS) following its decision to make a better offer for most of 21st Century Fox’s (FOXA) assets, which Fox planned to sell to Disney according to a deal struck in December 2017 for $52.4 billion. Fox’s board has already agreed to deal with Disney for most of Fox’s film, television, and cable channels and its National Geographic and FX properties along with its regional sports networks.
U.S. equities were rolling over on Thursday as hopes for a quick resolution to U.S. trade discussions with China and its NATFA partners have faded amid fresh Twitter tirades from President Donald Trump that negotiations weren’t going the way he wants. Here are seven Dow Jones Industrial Average components under pressure. The company will next report results on July 27 before the bell.
As announced at 8:30 pm last night (grumble-grumble), we now know that A) Danny Boyle is absolutely directing the next James Bond movie, B) Daniel Craig is (of course) playing Bond for a fifth and presumably final time, MGM is distributing in the US and C) Universal/Comcast Corp. will distribute the flick overseas.
shares extended gains Friday, giving the online streaming service another crack at overtaking Walt Disney Co. The Los Gatos, Calif.-based Netflix, founded just 20 years ago by Marc Randolph and Reed Hastings, briefly surpassed its iconic 95-year-old rival in terms of market value in Thursday trading after the shares hit a record high of $354.00 each, bolstered in part by a new content agreement with former President Barack Obama and First Lady Michelle.
Media behemoth Comcast (CMCSA) is getting ready to bid on most of 21st Century Fox’s (FOXA) assets, according to a Reuters report. Comcast hasn’t disclosed its bid price, but according to the reports, it’s looking for financing options to offer a higher bid than the Walt Disney Company’s (DIS) acquisition price. Notably, Disney agreed to acquire Fox’s media and film business for $52.4 billion in December 2017.
It has been an eventful week for Netflix Inc. ( NFLX), as it took giant strides to become the largest media company in the world. On Wednesday, its market capitalization surpassed that of Comcast Corp. ( CMCSA), and on Thursday it managed to beat The Walt Disney Co. ( DIS) in market valuation during the intraday trading session.
Comcast (CMCSA) has impressed its shareholders by providing attractive dividends for the last several years. The company also buys back shares consistently to return value to its shareholders. The company returned a total of $7.9 billion to its shareholders in 2017, up from $7.6 billion in 2016 but down from $9.2 billion in 2015.