112.00 +0.03 (0.03%)
After hours: 6:03PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||110.57 - 112.21|
|52 Week Range||96.20 - 116.10|
|PE Ratio (TTM)||19.68|
|Forward Dividend & Yield||1.68 (1.49%)|
|1y Target Est||N/A|
The Walt Disney Co.’s acquisition of 21st Century Fox’s entertainment assets is forcing rival studios to consider their own companies’ futures. “If we don’t grow, we will be somebody’s purchase,” Sony Pictures Entertainment Chairman and CEO Tony Vinciquerra said at the NATPE conference in Miami Beach on Wednesday. With the Disney-Fox merger on the horizon, as well as AT&T’s long-delayed $85 billion takeover of Time Warner Inc., he told moderator Soledad O’Brien that he expects the number of major Hollywood movie studios to drop from a half-dozen to three or four in the next few years.
Twenty-First Century Fox’s (FOXA) (or Fox’s) dream to gain full control of Europe’s largest pay-TV broadcaster Sky by the end of June 2018 came under scrutiny when Karen Bradley, culture secretary of the Competition and Markets Authority, asked for a detailed review. She also raised doubts about the company’s commitment to broadcasting standards and asked reviewers to examine it carefully. During that period, it grew at a CAGR (compound annual growth rate) of 1.9%. In 1Q18, its top line increased 7.6% YoY (year-over-year), driven by double-digit Cable Network Programming segment growth.
It has been a fun ride for growth stocks the past few years, but it looks as though value stocks are coming back into vogue and that’s got portfolio managers optimistic about their chances as we enter 2018. “There may be positive momentum in the stock market right now, but that is only going to make it more expensive,” said Matthew Watson, a portfolio manager with James Advantage Funds. In 2017, the S&P 500 Value Index was up 12.6%, half the annual rate of return for the S&P 500 Growth Index.
Netflix Inc. is scheduled to report fourth-quarter earnings after the bell on Monday, and analysts will likely scour the books for any insight into how its most recent price increases have impacted growth....
HBO is reportedly handing big raises to the actress-producers in the wake of Witherspoon's Apple deal.
Sure, plenty of Hollywood movies earn over $150 million in China, but very few top $600 million in North America.
Walt Disney (DIS) and Twenty-First Century Fox (FOX)(FOXA) exude confidence that their $52.4 billion asset transaction deal will sail through regulatory reviews without much delay or need for significant concessions. Meanwhile, AT&T (T) and Time Warner (TWX), which are seeking to combine in a deal valued at $85.4 billion, have taken longer than originally expected to complete their deal. It’s not that Disney and Fox don’t expect significant regulatory scrutiny of their deal, but they hope that regulatory reviews would conclude quickly so that they can close the deal in the next 12 to 18 months.
Miramax, the film studio founded by Harvey and Bob Weinstein and now owned by Qatar-based BeIN Media Group, is interested in acquiring the embattled brothers’ Weinstein Co., according to people familiar ...
Burbank, California.-based Walt Disney Co. (DIS) has operations around the country. It also owns ABC Television, ESPN Inc., Pixar, Marvel Studios and Lucasfilm Ltd., and is in the process of buying 21st Century Fox’s entertainment assets. Here are recent stories on Disney reported by The Business Journals.
Walt Disney (DIS) reached a deal in December to purchase most of Twenty-First Century Fox (FOX)(FOXA), the media and entertainment conglomerate controlled by billionaire Rupert Murdoch. The announcement of the deal ended months of speculations that Disney was looking to acquire strategic assets to try to bolster its competition as technology companies such as Netflix (NFLX), Amazon (AMZN), and Alphabet’s (GOOGL) Google disrupt traditional media and entertainment companies. In the deal with Disney, Fox chose to offload its entertainment unit and media operations that it apparently views as not very important in the future it’s seeking.
The Walt Disney Co. may be looking into how to give theme park visitors powers, much like "the Force" in Star Wars or the various powers possessed by Marvel superheroes. A new patent published with the U.S. Patent & Trademark Office, dubbed "Location-based Experience with Interactive Merchandise," aims to use various toys like gloves, and gestures to control environmental factors such as projections, holograms and displays with virtual adversaries. This image hints at powers popularized in Marvel superheroes, to be used to interact with an in-game character.
There has been plenty of optimism about media stocks and tax cuts, but that's only gone so far for Viacom (VIAB), which is falling on Tuesday on news that a merger with CBS (CBS) is far from a done deal, even if insiders are hoping to reunite the two media companies. Rosenblatt's Alan Gould reiterated a Sell rating on Viacom today, writing that even combined, the two companies aren't big enough to create real value for shareholders in the shifting media landscape, and there aren't many synergies to recommend the deal. Elsewhere in media today, B. Riley's Barton Crockett updated his estimates for companies to account for their benefit from lower taxes, and he also upgraded 21st Century Fox (FOXA) to Buy, with a $46 price target, writing that if the Walt Disney (DIS) deal gets done, which he sees as increasingly likely, Fox will have even more benefit than the average media stock. Crockett argues that the upgrade reflects Disney's big benefit from the tax reform, the fact that Fox is still trading at a discount to the takeout offer, and that regulators can probably be appeased by selling assets, which Comcast (CMCSA) might be happy to buy.
'Black Panther,' 'A Wrinkle In Time' And 'Pacific Rim: Uprising' are just a few of the big movies in 2018 with minority leads.
CNBC's David Faber discusses the latest news on Viacom and CBS in the wake of Disney's proposed takeover of Twenty-First Century Fox assets.