27.05 +0.36 (1.35%)
After hours: 4:50PM EDT
|Bid||26.54 x 29200|
|Ask||27.15 x 41800|
|Day's Range||26.54 - 27.33|
|52 Week Range||15.99 - 28.78|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 7, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.48|
NEW YORK, July 18, 2018 /PRNewswire/ -- Discovery, the global leader in real life entertainment, today announced the extension of President and CEO David Zaslav's employment contract through the end of 2023. Robert Miron, Chairman of Discovery's Board of Directors, said: "A dynamic, creative, and passionate leader, David is a builder and an innovator, laser focused on creating value. The contract extension provides ongoing management continuity and stability and ensures Zaslav's continued leadership for the next five and a half years.
Credit Suisse analyst Douglas Mitchelson on July 11 initiated coverage on a slew of telecom and media stocks A theme central to all of the ratings was “convergence” between the two sectors — which companies are well-positioned and how are they going about it. AT&T Inc. (NYSE: T) initiated at Underperform, price target $29. Verizon Communications Inc. (NYSE: VZ) initiated at Outperform, price target $58.
Philo has one of the cheapest skinny bundles on the market, and the San Francisco-based live-streaming television service has raised another $40 million to get the word out about it. Existing investors AMC Networks, Discovery and Viacom led the Series C round, which brings the company’s total funding to more than $90 million. Philo has also launched on Amazon Fire TV and Apple TV, adding to a list of platforms that subscribers can use to access the service that already included Roku devices, desktop and web browsers, iPhones and Android devices via Chrome (with a native app coming soon), as well as more than 35 participating TV Everywhere apps.
In The Age of Trump, there is no gainsaying the power of brands. When it comes to personal branding, the US president has shown a peculiar sophistication. It began in 1983 with Trump Tower: architecture as corporate branding.
SILVER SPRING, Md. , July 5, 2018 /PRNewswire/ -- Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) will report second quarter 2018 results on Tuesday, August 7, 2018 , at 7:00 a.m. ET . The company will host ...
Discovery Communications (DISCA) recently struck a multiyear media rights deal with the PGA Tour. The deal goes into effect next year and is expected to run through 2030. As part of the deal, Discovery agreed to pay $2.0 billion for international broadcast rights to PGA Tour content. In addition, Discovery and PGA Tour will create an online platform akin to Netflix (NFLX) to deliver on-demand PGA programming to an international audience.
FRANKFURT/LONDON (Reuters) - Several bidders, including Liberty Global (LBTYA.O), are preparing offers for TV production company Endemol Shine, maker of classic reality show 'Big Brother' and the dystopian 'Black Mirror' dramas, before an initial deadline next week. ITV (ITV.L), RTL Group's (RRTL.DE) FremantleMedia and Lions Gate Entertainment (LGFa.N) are also eyeing Netherlands-based Endemol, sources close to the matter said, in a deal that comes as the rise of streaming giants Netflix (NFLX.O) and Amazon Prime (AMZN.O) has thrown the industry into turmoil. A source close to one potential buyer said Endemol's catalogue was heavy with ageing formats, making it potentially less attractive than buying small production outfits and working directly with top creative talent.
Market reports of Discovery's interest in buying Fox's RSNs are inaccurate, Miller said, naming the following reasons why he said Discovery is unlikely to bid on the Fox assets. Discovery continues to integrate Scripps Networks, which it just bought last year for nearly $12 billion. Discovery has already allocated $2 billion in additional sports rights.
Netflix (NFLX) stock has been on a roll this year, as it has more than doubled in 2018. Another factor that pushed Netflix stock down was the possibility of greater competition in Germany. ProSiebenSat.1 and Discovery Communications (DISCA) partnered to launch a German streaming service.
Tuesday, June 26 - Contact info for Reuters Entertainment & Lifestyle editors Jill Serjeant in New York +1 646 223 5968 ------------------------------------------------------- ENTERTAINMENT Video makers ...
Public broadcaster ARD said it would consider an invitation to join a German TV streaming platform being set up by ProSiebenSat.1 Media and Discovery Inc, although it was too early to say it would do so. "It's an interesting development for the market - we will examine it closely," ARD Chairman Ulrich Wilhelm told a news conference in Berlin on Tuesday, after a two-day meeting of its governing body. ProSieben and Discovery said on Monday that they would fold their Maxdome and Eurosport Player services into their existing 7TV alliance, creating a challenger to Netflix, Amazon Prime and YouTube.
Discovery not only acquired Scripps for a "relatively low" price, but gained the company's expertise in over-the-top skinny bundles — which is needed given Discovery's poor performance in that area, Miller said in the initiation note. Discovery is likely to allocate its 2018 and 2019 free cash flowto lowering the debt load used to complete the Scripps acquisition, Miller said.
Germany's ProSiebenSat.1 Media and and Discovery Inc said on Monday they would join forces to launch a German TV streaming platform that integrates their 7TV, Maxdome and Eurosport Player properties. Teaming up to resist the advance of TV mega-platforms like Netflix, the partners said they would launch the platform in the first half of 2019. "Our aim is 10 million users in the first two years and we are putting very significant resources and investment with urgency into this effort," ProSieben's new CEO Max Conze said in a statement.
A jump in technology and media stocks lifted the S&P 500 on Wednesday and pushed the Nasdaq to a record high, but the Dow remained under pressure from an escalation in the U.S.-China trade spat that has slammed global markets. The S&P 500 media index rose 1.1 percent with all its 14 members in positive territory. Right now the focus is on M&A," said Art Hogan, chief market strategist at B. Riley FBR in New York.
LONDON, UK / ACCESSWIRE / June 19, 2018/ If you want a free Stock Review on DISCA sign up now at www.wallstequities.com/registration. WallStEquities.com has selected the following CATV Systems equities for review this morning: Charter Communications Inc. (NASDAQ: CHTR), Discovery Inc. (NASDAQ: DISCA), DISH Network Corp. (NASDAQ: DISH), and Liberty Global PLC (NASDAQ: LBTYA). Shares in Stamford, Connecticut-based Charter Communications Inc. saw a slight decline of 0.66%, ending Monday’s trading session at $295.25.
Pivotal Research Group upgraded Discovery Communications Inc. (NASDAQ: DISCA ) in early June to a bullish stance , and investors who bought at the time were rewarded with a 30-percent return in two short ...
Apple Inc (AAPL.O) on Friday announced a multiyear deal with Oprah Winfrey to create original programming, a coup in the battle for A-list talent and projects in the booming digital entertainment market. "Together, Winfrey and Apple will create original programs that embrace her incomparable ability to connect with audiences around the world," Apple said in a statement. Apple gave no details of the type of programming that Winfrey would create, the value of the deal, or when it might be released.