103.58 -0.49 (-0.47%)
Pre-Market: 7:15AM EDT
|Bid||103.51 x 2200|
|Ask||103.89 x 900|
|Day's Range||103.99 - 105.49|
|52 Week Range||96.20 - 113.19|
|PE Ratio (TTM)||14.84|
|Forward Dividend & Yield||1.68 (1.67%)|
|1y Target Est||N/A|
The landmark decision means that New Jersey and other states, on a state-by-state basis, can choose to legalize sports betting within their own state. It is a decision that the NBA opposed, because even though NBA Commissioner Adam Silver has advocated for legalized sports betting, the leagues want it legalized at the federal level, rather than state-by-state, which is likely to result in a messy legal landscape for the time being. (The NBA reiterated in a statement after the ruling, "We remain in favor of a federal framework that would provide a uniform approach to sports gambling in states that choose to permit it.") Nonetheless, count Atlanta Hawks majority owner Tony Ressler in the camp of owners happy with the ruling.
Netflix, Inc. ( NFLX) shares have risen 1.38% over the past week toward the top of an ascending triangle pattern. While most analysts have been very bullish on the streaming content provider, there are some concerns over rising content costs, particularly amid rising competition from The Walt Disney Company ( DIS), Amazon.com, Inc. ( AMZN) and Hulu, which could put upward pressure on development costs. Earlier this month, Media Tech Capital Partners analysts speculated that Microsoft Corporation ( MSFT) would try to buy Netflix to get into the streaming business without having to acquire its own content portfolio.
Burbank, California-based Walt Disney Co. (NYSE: DIS) has operations around the country. It also owns ABC Television, ESPN Inc., Pixar, Marvel Studios and Lucasfilm Ltd., and is also in the process of buying 21st Century Fox’s entertainment assets. Here are recent stories on Disney reported by The Business Journals and other media.
On April 25, Comcast (CMCSA) reported impressive first-quarter results, delivering better-than-expected earnings and revenue. The media and cable giant has exceeded earnings expectations for the past five consecutive quarters. Comcast reported adjusted EPS (earnings per share) of $0.62 in the first quarter.
Redbox is putting 4K discs in a couple thousand kiosks to test if there’s a market for the ultra-high-resolution Blu-ray format.
Verizon (VZ) was one of the companies that reportedly made an offer to buy the majority of Twenty-First Century Fox’s (FOX) (FOXA) assets. It came before the media conglomerate, controlled by the Murdoch family, chose to strike a deal with the Walt Disney Company (DIS) instead. Comcast (CMCSA) is another potential buyer whose offer Fox rejected.
LOS ANGELES, May 22 (Reuters) - "Star Wars" movies are known for high-stakes battles to save the galaxy far, far away from the forces of evil, but director Ron Howard said he viewed the latest film installment as simply the personal journey of a young man. "Solo: A Star Wars Story," which begins rolling out in international theaters on Wednesday, is Walt Disney Co's origin tale for Han Solo, the swaggering smuggler made famous by Harrison Ford in 1977. In the new movie, 28-year-old Alden Ehrenreich plays a younger Solo who is just beginning his pilot training.
The Walt Disney Company (NYSE:DIS) is trading with a trailing P/E of 13.9x, which is lower than the industry average of 15.5x. While DIS might seem like an attractive stockRead More...
Netflix's (NFLX) push into the world of original content is further strengthened with the addition of Obamas for producing films and series for the platform.
First we gauge the performance of David’s recommendations. Then, he interviews Middleby Corp.'s remarkable leader, Selim Bassoul.