102.30 +0.10 (0.10%)
After hours: 7:53PM EDT
|Bid||0.00 x 1400|
|Ask||0.00 x 900|
|Day's Range||101.97 - 103.00|
|52 Week Range||96.20 - 113.19|
|PE Ratio (TTM)||14.58|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||1.68 (1.67%)|
|1y Target Est||119.08|
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.
A prominent media analyst Friday urged shareholders of Twenty-First Century Fox to delay voting on a hookup with Walt Disney until rival suitor Comcast has a chance to make a promised higher bid. “Do not let Disney steal Fox from Rupert,” urged Rich Greenfield of BTIG Research — offering investors some food for thought ahead of a long holiday weekend. “We have yet to talk to a large Fox investor that does not prefer a meaningfully superior cash offer from Comcast to an all-stock bid from Disney – regardless of the tax implications,” he wrote in a blog post.
The milestone for Netflix is the latest sign that investors remain faithful to the handful of technology and internet firms that have powered the broader market in the past few years.
Disney (DIS) has been hoping to acquire 21st Century Fox’s (FOX) assets for quite some time. Comcast announced that it plans to make an all-cash bid for Fox. Disney launched a $52.4 billion all-stock bid for some of Fox’s assets in December 2017, though this planned acquisition did not include Fox Broadcasting, Fox Business, or Fox News.
Walt Disney Co. slashed its opening-weekend forecast for “Solo: A Star Wars Story” as early returns from theaters signaled a deeply disappointing opening for the company’s newest space adventure film. Sales at U.S. and Canadian theaters are likely to total $105 million to $115 million through the four-day Memorial Day weekend, Disney said Friday in an email. The “Star Wars” films are a key part of Disney’s movie slate, which also includes the hugely successful Marvel movies and animated features from Pixar.
When Riot Games Inc. announced a $350 million deal with BAMTech 18 months ago, it marked a hallmark moment for the growing economy of professional video gaming. The first major media rights deal in esports, it suggested a future in which major video game competitions could make money in the same ways major league sports do. Riot on Friday announced a new streaming agreement with ESPN+, the digital platform launched this year by Walt Disney Co.’s ESPN.
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.
The additions will be Disney's biggest "single-themed land expansion" ever, according to Disney CEO Bob Iger. Each will be an expansive 14 acres.
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.
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.