|Bid||132.33 x 2200|
|Ask||132.38 x 1400|
|Day's Range||131.89 - 132.85|
|52 Week Range||100.35 - 147.15|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||17.07|
|Earnings Date||Nov 6, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||1.76 (1.32%)|
|1y Target Est||151.73|
A tower building at Disney's Epcot theme park in Orlando one day will be home to the new high-thrill ride, Guardians of the Galaxy: Cosmic Rewind, based on the popular Guardians of the Galaxy property. A new Orange County construction permit filed by Disney (NYSE: DIS) on Sept. 13 indicates current work on the ride is to "fabricate and install show set components." This typically can be set design in a queue, in the ride itself or part of the post-ride experience. The contractor on the project is Icarus Exhibits Inc. of Orlando, which has done lots of work for the theme park, including Star Wars: Galaxy's Edge and the new, under-construction Tron coaster at Magic Kingdom.
Investing.com - U.S. futures were flat on Monday, after Chinese officials cut their U.S. trip short and speculation remained on whether or not the two largest economies in the world will reach a trade deal in the coming months.
(Bloomberg) -- Amazon.com Inc.’s “Fleabag” and “The Marvelous Mrs. Maisel” pulled off a near-sweep of the comedy Emmys awarded on Sunday night, cementing the company’s status as an outlet for high-brow humor.“Maisel,” a show about a New York housewife turned standup comic, picked up statuettes for best supporting actor and actress. “Fleabag,” a dark comedy about a young British woman struggling to get her life together, won for writing, directing, best actress and best comedy.Bill Hader, the star of HBO’s “Barry,” also snagged a comedy Emmy for acting at the awards, which Fox broadcast live from Los Angeles. The TV academy aped the film academy in staging an awards show without a formal host, though it did have an announcer providing sports-style running commentary.With media giants rushing to introduce new streaming platforms, Amazon has sought to build a reputation for high-quality original shows. It’s going to get harder to stand out. Walt Disney Co., Apple Inc., AT&T Inc.’s WarnerMedia and Comcast Corp.’s NBCUniversal will all roll out their services in coming months, setting up a historic fight for viewers’ eyeballs and wallets.Disney planted a flag early in the show with a commercial for its Disney+ streaming service, calling out its ownership of hit machines like Star Wars, Marvel and Pixar.Phoebe Waller-Bridge, the “Fleabag” creator, was nominated for best comedy and as well as best drama, for “Killing Eve.” That gave her a chance to match an accomplishment attained by prolific producer David E. Kelley in 1999, but the drama award went to “Game of Thrones.”“Maisel” also won five Emmys last year. “Saturday Night Live,” meanwhile, took this year’s Emmys for a variety sketch series.(Updates with best comedy Emmy in second paragraph)To contact the reporter on this story: Lucas Shaw in Los Angeles at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, Virginia Van NattaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Twitch may just be Amazon’s best-kept secret. Here is how the esports streaming service makes money. Acquired in a 2014 bidding war with Google for $1 billion in cash, the gaming platform, and the social network continues to break its own high scores.
LOS ANGELES, Sept 22 (Reuters) - "Pose" star Billy Porter, sporting a crystal-studded black suit and an enormous hat, along with "Games of Thrones" stars Peter Dinklage, Maisie Williams and Gwendoline Christie were among early arrivals for television's Emmy awards on Sunday, where HBO's medieval fantasy series aims to crown its final season with a fourth best drama series statuette. Director Ava DuVernay and the five men known as the Central Park Five, whose wrongful arrests in New York three decades ago are dramatized in the Emmy-nominated "When They See Us," also walked the purple carpet in Los Angeles, along with "The Marvelous Mrs Maisel" lead actress Rachel Brosnahan.
If you haven't heard about the Star Wars franchise, you've probably been living under a rock. When the first film was released in just 42 theaters in 1977, few would have predicted that the franchise would be around decades later—much less trading hands between two huge film companies for over $4 billion. The franchise accounted for the bulk of the deal's value, though some consideration was paid to films in which Harrison Ford wears a funny hat.
Walt Disney walked away from a deal to acquire Twitter at the last minute, according to a new memoir by Disney CEO Bob Iger. In an interview with the New York Times linked to the book’s Sept. 23 release, Iger said he had second thoughts about the deal because “the nastiness is extraordinary” on Twitter. Iger had in 2017 acknowledged looking at a Twitter acquisition.
LOS ANGELES, Sept 22 (Reuters) - "Game of Thrones" looks set to crown its final season with another best drama series Emmy on Sunday despite an array of new contenders jostling for the most prestigious awards in television. On a night that could see old favorites prevailing over the biggest lineup of first-time nominees in eight years, HBO political satire "Veep" and returning Emmy champ "The Marvelous Mrs Maisel" from Amazon Studios, along with their stars Julia Louis-Dreyfus and Rachel Brosnahan, are seen as frontrunners in the contest for best comedy series. Unless, that is, British comedian Phoebe Waller-Bridge can pull off an upset with one or both of her buzzy shows - female-driven BBC America thriller "Killing Eve" and Amazon comedy "Fleabag," which drew 20 Emmy nominations between them.
The booming eSports industry could be worth as much as $138 billion in 2018, according to market research firm Newzoo. The high-flying market, which has grown an impressive 13.3% from last year, up $16.2 billion, is benefiting from traction from new video game content, products and gaming events around the world. Last week, Activision Blizzard Inc. (ATVI) hosted its first ever Grand Finals for its mega-franchise "Overwatch," and sold out Brooklyn's Barclays Center.
(Bloomberg) -- AT&T Inc. and activist investor Elliott Management Corp. seem to agree on one thing: DirecTV, the phone giant’s shrinking satellite service, is a drag on the company. But solving the problem won’t be easy.AT&T acknowledges the faster-than-predicted decline at DirecTV. But Randall Stephenson, chief executive officer and architect of the company’s $48.5 billion purchase, sees the service as one of two key businesses -- the other being mobile phones -- that will allow the company to pipe entertainment and advertising to millions of customers.The problem is that AT&T lost 2.3 million TV customers in the past year, and expects to lose up to 350,000 more this quarter, Chief Financial Officer John Stephens said at a Sept. 11 investor conference. The division, including the online streaming service DirecTV Now, is being sued for allegedly misleading investors about its subscriber numbers, and its value today is below what AT&T paid for the business four years ago.Stephenson met with officials of Elliott Management on Tuesday, according to a person familiar with the matter. In a letter to AT&T last week, Elliott said it had acquired a $3.2 billion take in the phone company, highlighted areas for improvement and raised the possibility of divesting DirecTV.Here are some of the options that AT&T has for DirecTV, along with the pros and cons.Dish DealAT&T and Dish Network Corp. -- the other major satellite TV provider -- are suffering the steepest subscriber losses in the pay-TV industry. And in June they said they are open to a combination.But the creation of pay-TV colossus with almost 30 million subscribers would almost certainly face regulatory opposition, even today when viewers have so many new options available, like Netflix and new streaming services from media giants including Walt Disney Co. and Comcast Corp.“That’s been tried from a regulatory perspective,” Stephens said on Sept. 11. “It hasn’t been successful, and I don’t know that there is any change in that regulatory perspective.”Still, the rationale of pairing two declining businesses has its fans.“It’s complicated but not impossible,” said Jonathan Chaplin, an analyst with New Street Research. “On the right terms, it could get financing.”There would be benefits to combining the businesses: With scale comes negotiating leverage, lower content costs and potentially lower overhead. The cash generation is attractive. And add a dynamic management team, and it could be run successfully, Chaplin said.But there are also concerns: Depending on how a deal is structured, AT&T could lose a key distribution arm for its emerging media strategy and suffer a crippling loss of cash flow. DirecTV has $25.5 billion in annual revenue and generates about $4.5 billion in free cash flow, according to estimates by Walt Piecyk, an analyst at LightShed Partners LLC.“Markets always believed they bought this declining asset with steady cash flows as a stop-gap measure to strengthen their balance sheet and credit metrics,” said Todd Lowenstein, managing director of Highmark Capital Management Inc.Spinoff or SaleAT&T could separate its TV business in a variety of other ways, including a sale to private equity investors or a spinoff to shareholders.The proceeds of a sale could help AT&T reduce some of its $194.5 billion in total debt. That would provide the biggest boost to its credit rating, according to a report Friday from Neil Begley, a Moody’s Corp. analyst.Similarly, AT&T could distribute stock in DirecTV to its current shareholders via an an exchange offer. That would reduce AT&T’s stock outstanding and trim its dividend burden, Begley wrote.As part of such a transaction, DirecTV could also take on debt and pay AT&T a dividend to reduce its own borrowing and compensate for the loss of cash flow. Such an arrangement is “probably one of the more credit favorable ones after an outright sale,” Begley said.Again, with a deal AT&T would potentially lose a customer base for its advertising and media products. And even freed of DirecTV, the company will still have a lot on its plate. AT&T faces a heavy spending burden for 5G network expansion, its dividend and further debt reduction. The company’s newly acquired WarnerMedia division is ramping up the production of movies and TV shows to support its new streaming efforts.“A sale or spin could make some strategic and financial sense given the shifting competitive landscape, but they still need to be laser focused on execution to succeed,” Lowenstein said.Hang OnDallas-based AT&T knew it was buying a mature satellite TV business with a limited shelf life when it acquired DirecTV. Stephenson’s plan, given enough time, was to gradually serve customers through broadband connections, as it’s trying to do now with the new AT&T TV offer, a lower-cost cable-like service.Those customers, along with the 77 million regular monthly wireless subscribers, would provide a big base to sell advertising and additional services, like the upcoming video streaming service HBO Max.Making progress on those fronts is crucial. Left as is, AT&T’s TV business could see steeper declines in pay-TV subscribers. Faster revenue losses will make it tougher to meet those other cash needs.“If AT&T can’t find an attractive exit from DirecTV, then they will continue to squeeze as much free cash flow as they can from the TV business,” Piecyk said. “If they can leverage network improvements, push back on content pricing and slow subscriber losses, it would certainly advance their strategy.”To contact the reporter on this story: Scott Moritz in New York at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, Rob Golum, Linus ChuaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The online streaming landscape was once owned by a few companies, largely Netflix and Hulu, but each of which offered a different type of content.
According to Reuters, Netflix CEO Reed Hastings (NFLX) said companies like Disney (DIS) and Apple (AAPL) will boost already rising production costs.
There is only one way to respond to a PowerPoint firing, Netflix's first CEO says: "There is no way I’m sitting here while you pitch me on why I suck."
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into The Walt Disney Company (DIS). In August 2019, news media sources reported that a former Walt Disney Co. senior financial analyst had filed a series of whistleblower tips with the Securities and Exchange Commission against the Company alleging that its employees had utilized a variety of schemes to systematically overstate revenue by billions of dollars, including 2008-09 revenue possibly being overstated by up to $6 billion. The former employee also charged that Company executives were unresponsive to her attempts to report the issues and that she was ultimately fired soon after she contacted the SEC regarding the matter in August 2017.
Pivotal Research started coverage of Roku stock with a Sell rating and a $60 target price that is the lowest on Wall Street after arguing that the cost of streaming boxes will fall to zero.
Investing.com - Roku shares were hit hard Friday after a Wall Street analyst rated the stock a sell and slapped it with a $60 price target.