141.16 -0.10 (-0.07%)
After hours: 7:13PM EDT
|Bid||141.25 x 1000|
|Ask||141.23 x 800|
|Day's Range||140.27 - 142.54|
|52 Week Range||100.35 - 145.43|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||15.80|
|Earnings Date||Aug 6, 2019|
|Forward Dividend & Yield||1.76 (1.25%)|
|1y Target Est||153.82|
The Montag Group has signed several new broadcasting clients for representation, including ESPN “Outside The Lines” host Ryan Smith and New York Rangers head coach David Quinn.
AT&T; is upgrading its wireless network after buying Time Warner. AT&T; earnings are stalling and shares are far off highs. Is AT&T; stock a buy right now?
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into Netflix's (NFLX) recent Q2 earnings report. The episode then transitions into why Amazon (AMZN) and Disney (DIS) could be real challengers...
Walt Disney World's lodging accommodations are getting upgrades at a fast rate — one of those being the new Reflections: A Disney Lakeside Lodge. The new 900-room resort, being built on the former River Country water park site, has been quietly under construction for several months. Disney has said the new resort will be nature-themed and have Disney Vacation Club villas for the theme park company's timeshare customers.
With only one month left until Disney’s highly anticipated D23 Expo in Anaheim on August 23–25, Marvel announced a thrilling show floor lineup that includes guest appearances and p
Fresh off a record-setting opening weekend for "The Lion King," the company continues to have a "strong chance of success" in the coming years for three reasons, Swinburne wrote in a note. 1. Disney wasn't sure if it would include Marvel content in its streaming platform, but Swinburne said it's now "clear" Marvel may be counted on to assume "the most critical role" in Disney+.
Marvel’s universe of superheroes and heroines could hurl earnings of Walt Disney Co. and its new streaming service to stupefying heights, Morgan Stanley predicts.
Abigail Disney said distressed workers told her about “foraging for food in other people’s garbage.”
When I was a child CBS (NYSE:CBS) was a huge deal. Ratings of 30 were common.On Sunday CBS' evening line-up scored an average rating of 3.1. The re-boot of the CBS Evening News, once "must see" TV with Walter Cronkite, drew just 5.6 million viewers.This was only partly due to a contract dispute with AT&T (NYSE:T), which pulled its programs from cable systems in select cities and from DirecTv. A CBS website was erected to protest the change.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCBS is talking about merging back with Viacom (NASDAQ:VIAB), but even that would create a minnow in the new entertainment universe. That combined $30 billion market cap would be competing with ABC-parent Walt Disney (NYSE:DIS), now worth $254 billion, and NBC-parent Comcast (NASDAQ:CMCSA), worth $199 billion. Let's not even discuss Cloud Czars like Alphabet's (NASDAQ:GOOGL, NASDAQ:GOOG) YouTube and Amazon (NASDAQ:AMZN) Prime controlling the new world. * 10 Stocks to Buy From This Superstar Fund The bottom line is, if you bought CBS shares five years ago, you're down 14%, and have collected $2.16 per share in dividends on a $60 investment. Bad Days at Black RockCBS has been hampered by the slow demise of Sumner Redstone, whose National Amusements has control of both CBS and Viacom. Redstone's daughter Shari has control of the stake now, and wants to put the companies back together, under Viacom CEO Bob Bakish.The prime asset would be "Star Trek," originally an NBC show that debuted in 1966. CBS is teasing a new show called "Star Trek: Picard," starring 79-year old Sir Patrick Stewart and members of the original "Star Trek: Next Generation" cast.But bringing CBS back may be "Mission Impossible" (which they also own). Combining the CBS All Access streaming service with Viacom's Showtime still gets you to just 8 million households. Netflix (NASDAQ:NFLX) has over 151 million (and a market cap of $135 billion).The hope is that Viacom's Paramount studio would bring content that increases the take-up of All Access. Much depends on Bakish, who bought Pluto TV, an ad-based streaming service, for $340 million. He also bought a stake in Jeffrey Katzenberg's Quibi and pushed Viacom into e-Sports. Maybe, given a bigger war chest, Bakish could buy Starz or Univision. Maybe he could merge the combined entity with Discovery (NASDAQ:DISCA), which has a market cap of $15 billion (for now, CBS is competing against Discovery with a new network called Dabl). CBS No AccessThe dispute with AT&T highlights the company's weakness.Cable operators still pay broadcasters for the right to put local stations on their networks. CBS claims AT&T is offering less than other operators for its content, which includes news, sports, and the Smithsonian channel.AT&T accuses CBS of being a repeat "blackout offender," pulling its content from DISH (NASDAQ:DISH) and Charter (NASDAQ:CHTR) Spectrum to get better terms. They also don't like CBS pushing viewers toward its All Access streaming service, which competes with AT&T's HBO Max. The Bottom Line on CBS StockThe rise of Netflix has changed the entertainment game and no one, especially not CBS, has yet adjusted.Streaming makes all a service's shows and movies available 24 hours per day, seven days a week. The issue isn't the money it costs, but the time people are willing to spend watching it all.Cutting cable, which saves upwards of $150-$200 per month at some households, leaves a huge pot of gold for streaming services, but it doesn't add time to the TV-watching budget. Whether a service costs $10 a month, like CBS All Access without commercials, or whether it's free like Pluto TV, matters less than if people have time to watch.Services like CBS All Access, HBO Max, and Disney's Disney+ are paying out big bucks to build "must see" lineups, but they can't all get through the small door of viewer attention. There are going to be casualties. CBS and Viacom could easily be one of them.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post CBS Stock: Broadcasting Circling the Drain appeared first on InvestorPlace.
The ratings turnaround for ESPN’s “SportsCenter” franchise has been one of the most surprising stories of the past year.
Walt Disney continued to dominate the film industry with a blockbuster opening weekend from The Lion King and a new milestone set by Avengers: Endgame.
It is official: “Avengers: Endgame” has surpassed “Avatar” to become the highest-grossing film of all time, while the live-action “The Lion King” dominated the weekend box office, setting Walt Disney Co. up for a stellar year.
Toymaker Hasbro Inc beat estimates for quarterly results on Tuesday, boosted by higher demand for action toys following the success of "Avengers: Endgame" and Magic: The Gathering collectible card game. Hasbro has been cashing in on tie-ups with movie studios such as Paramount Pictures and Walt Disney Co to boost sales of toys linked to big movie franchises as the company recovers from the bankruptcy of toy retailer Toys "R" Us last year. Revenue from franchise brands, its largest business, rose 14%, driven by Magic: the Gathering, Monopoly, Play-doh and Transformers toys.
Netflix (NFLX) hit a rough patch in the second quarter. The company’s number of US subscribers declined for the first time in nearly a decade.
AT&T; became the first major mobile operator to offer a service that automatically blocks unwanted calls. This service has also opened a new revenue stream as the company works to reduce its debt.
The Walt Disney Company’s (DIS) superhero film Avengers: Endgame has finally surpassed the record set by James Cameron’s Avatar.