|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||48.43 - 48.82|
|52 Week Range||34.12 - 50.15|
|Beta (3Y Monthly)||0.35|
|PE Ratio (TTM)||18.47|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||0.36 (0.74%)|
|1y Target Est||50.48|
NASDAQ: FOXA, FOX) announced today the pricing by Fox Corporation ("FOX"), its wholly-owned subsidiary and the company to be spun-off in connection with 21CF's combination with The Walt Disney Company ("Disney") of five series of senior unsecured notes. FOX will issue (i) $750,000,000 aggregate principal amount of 3.666% senior notes due 2022, (ii) $1,250,000,000 aggregate principal amount of 4.030% senior notes due 2024, (iii) $2,000,000,000 aggregate principal amount of 4.709% senior notes due 2029, (iv) $1,250,000,000 aggregate principal amount of 5.476% senior notes due 2039, and (v) $1,550,000,000 aggregate principal amount of 5.576% senior notes due 2049 (collectively, the "Senior Notes"). The offering of the Senior Notes is expected to close on January 25, 2019, subject to the satisfaction of customary closing conditions. FOX will receive gross proceeds of $6,800,000,000 from this offering of the Senior Notes.
Is Netflix Working Its Magic ahead of Its Q4 Results?(Continued from Prior Part)A strong rise in international membershipsNetflix (NFLX) expects total international memberships of 86.2 million and net additions of 7.6 million in the fourth quarter
The issuing entity will be spun off from 21st Century Fox per the $72 billion transaction with Disney, and as such will pay a one-time special dividend to its former parent of $8.5 billion, according to a filing last week. 21st Century Fox, founded by Rupert Murdoch and led by his son James, is expected to maintain investment-grade ratings after the transaction.
Is Netflix Working Its Magic ahead of Its Q4 Results?(Continued from Prior Part)Netflix’s domestic streaming business Netflix (NFLX) expects revenue of $1.9 billion, a rise of 22% YoY (year-over-year), in the United States (SPY) in the fourth
At this point, Disney is unlikely to find a single buyer to pony up the $20 billion the package is estimated to be worth in time.
# Twenty-First Century Fox Inc ### NASDAQ/NGS:FOXA View full report here! ## Summary * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is extremely low for FOXA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting FOXA. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $10.39 billion over the last one-month into ETFs that hold FOXA are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
On this episode of the Full-Court Finance podcast, Associate Stock Strategist Ben Rains dives into some of the latest streaming TV news from Roku, Hulu, and others before he breaks down some of the biggest streaming sports storylines to watch in 2019 and beyond.
The communications sector was redefined in 2018 to include companies from a bunch of diverse sectors, including technology and consumer discretionary. It rode the swell of stock market movement but is down by 5.6%, as of this writing, after the November crash.
Walt Disney Co. lost a potential suitor for the 22 regional sports networks it is selling as part of its purchase of the majority of 21st Century Fox Inc. media assets, which could complicate an already complex sale process. Fox Corp., the company that will remain after the Disney deal closes, won’t make a bid to reacquire the sports networks, according to a 21st Century Fox regulatory filing Friday. Disney, the parent of sports-TV juggernaut ESPN, is required by the Justice Department to sell the regional channels in return for approval of the 21st Century Fox acquisition.
Walt Disney Co Chief Executive Officer Robert Iger earned stock grants worth as much as $149.6 million in 2018, including awards related to Disney's purchase of film and television assets from Twenty-First Century Fox , according to a regulatory filing http://bit.ly/2D5dNjy on Friday. Last month, Iger agreed to certain adjustments to his compensation package, which ties his paycheck to the company's performance, as it nears completion of the deal. Disney suffered a rare rebuke from its shareholders last year when a 52 percent majority opposed the compensation of Iger and other executives in a non-binding vote.
said it has ended any plans to bid for its old regional sports programming owned by Walt Disney Co. "FOX confirms that it does not intend to bid for any of the Fox regional sports networks that Disney (or any entity operating on its behalf) may sell as required by the consent decree with the U.S. Department of Justice," said the media giant in filing with the Securities and Exchange Commission on Friday. Disney, which is buying film and TV assets from Fox, will have to sell some of its Fox regional sports networks to get the U.S. Justice Department's blessing for the merger -- a deal reportedly worth about $71 billion.
Recent stories on Netflix, Amazon, YouTube and other streaming services reported by The Business Journals and elsewhere.
Sinclair appears to be the only viable candidate to buy all of them, worth an estimated $20 billion.
Rating Action: Moody's assigns Baa2 senior unsecured rating to Fox Corporation; outlook stable. Global Credit Research- 11 Jan 2019. New York, January 11, 2019-- Moody's Investors Service has assigned ...
ASSOCIATED PRESS NEW YORK (AP) — An estimated 43.3 million people saw President Donald Trump and Democratic leaders speak to the nation on border security and the partial government shutdown. That’s about 2 million fewer viewers than Trump had for his 2018 State of the Union address.
Fox Chairman Lachlan Murdoch said in November it was still an "open question" whether the company will buy back the regional sports networks it sold to Disney in July as part of the $71 billion deal. Disney won a bidding war last year against cable company Comcast Corp to acquire Fox's assets.
Twenty-First Century Fox said http://www.sec.gov/Archives/edgar/data/1308161/000119312519006651/0001193125-19-006651-index.htm on Friday it does not plan to bid for any of the regional sports networks that Walt Disney Co may need to sell to win U.S. Justice Department's approval for its purchase of Fox's film and TV assets. Fox Chairman Lachlan Murdoch said in November it was still an "open question" whether the company will buy back the regional sports networks it sold to Disney in July as part of the $71 billion deal.
(Bloomberg) -- Fox Corp. confirms that it does not intend to bid for any of the Fox regional sports networks that Disney may sell as required under terms of its $71 billion acquisition of 21st Century Fox Inc. assets, according to a regulatory filing.Disney was said to plan to sell 22 regional sports networks to different suitors The New York Yankees are said to be in talks with Amazon, Sinclair Broadcasting Group about teaming up to bid for the team’s regional sports network YES, according to reports on Dec.28. ...
Inside Hulu’s Subscriber Growth amid Netflix’s Dominance (Continued from Prior Part) ## Disney’s control over Hulu The Walt Disney Company (DIS) is set to acquire 21st Century Fox’s (FOXA) film and TV studios, Fox Networks Group, its cable networks such as FX Networks and Fox Sports Regional Networks, and its stakes in National Geographic Partners, its Indian satellite TV businesses such as Star network, and its UK-based satellite TV group Sky, among other key assets. Disney will also gain a bigger stake in Hulu’s streaming services as part of its Fox acquisition deal. Disney, Comcast’s (CMCSA) NBCUniversal, and Fox have 30% stakes each in Hulu. Time Warner, which is now WarnerMedia after AT&T’s (T) acquisition, holds the remaining 10% stake in Hulu. ## Expansion in Hulu’s content offerings Hulu has invested in original content to grow its subscriber base. Hulu only operates in the United States (SPY), and it added 8 million subscribers in the country in 2018, bringing its total to ~25 million. More than original series, Hulu has been focusing on exclusive content offerings. Its subscribers prefer to watch licensed series, such as ER, Lost, and Bob’s Burgers, over original series, such as The Handmaid’s Tale. Disney is also planning to expand Hulu’s content offerings once the Fox deal is completed. Disney’s control over Hulu will help the latter to expand internationally. Hulu will also complement Disney’s DTC (direct-to-consumer) streaming line-up. Disney already has a DTC streaming service called ESPN+, which it launched in April 2018, and it’s set to release a Disney-branded streaming bundle toward the end of 2019. After Disney’s acquisition of Fox’s assets, consumers will have the option of adopting all three streaming services, just sports, or just Disney-branded movies and shows for the family. ## Global OTT content market The growing popularity of OTT (over-the-top) offerings has attracted a lot of consumers to streaming services. As we can see in the chart above, the global OTT content market has been developing rapidly and is expected to touch $245.8 billion by the end of 2028, according to a report by Future Market Insights. Browse this series on Market Realist: * Part 1 - Comparing Hulu’s Subscribers to Netflix’s * Part 2 - Can Hulu’s Growing Subscriber Base Pose a Threat to Netflix? * Part 3 - Why Is Hulu Posting Losses despite Its Strong Ad Revenue Growth?
Inside Hulu’s Subscriber Growth amid Netflix’s Dominance (Continued from Prior Part) ## Hulu posting losses According to Hulu, its 2018 advertising revenue rose 45% to nearly $1.5 billion. Hulu is also adding subscribers and investing in original content and licensed series. It’s added 8 million subscribers since January 2018 and nearly 22 million subscribers since January 2012. Despite its strong subscriber growth, the Internet streaming service provider is piling up significant losses for its owners. Though Hulu does not report its numbers, according to the Securities and Exchange Commission filings of its parent companies, Hulu’s annual losses are expected to stand at ~$1.5 billion, much higher than its losses of $920 million in 2017. Reportedly, the company’s losses more than doubled to reach $440 million in the third quarter of 2018 compared to its losses of $207 million in the same quarter of the previous year. ## High content spending Hulu’s losses are rising, as it’s spending billions of dollars to build up its subscriber base amid competition from streaming giants such as Netflix (NFLX), Amazon Prime Video, and other live TV services. Hulu is also offering huge discounts, such as a subscription video on demand plan with ads for just $12 for the first year. Hulu’s shows cater to both adults and kids. Hulu’s dark originals such as The Handmaid’s Tale and Castle Rock have been very popular among adult users. Its offerings blend live TV and a large on-demand selection, including exclusive and original series. In 2019, the Walt Disney Company (DIS) will obtain a 60% holding in Hulu after it closes its acquisition of 21st Century Fox (FOXA). The addition of Fox’s assets will add FX’s and Fox’s programming to Hulu’s robust content portfolio. Disney is also expected to focus on Hulu’s premium content targeted at adults, while its upcoming Disney+ service will be aimed at kids and families. Disney will likely also be looking to expand Hulu to other international markets. Currently, Disney and Fox each hold a 30% stake in Hulu. Comcast’s (CMCSA) NBCUniversal also has a 30% stake, while AT&T’s (T) WarnerMedia has a 10% stake in Hulu. Continue to Next Part Browse this series on Market Realist: * Part 1 - Comparing Hulu’s Subscribers to Netflix’s * Part 2 - Can Hulu’s Growing Subscriber Base Pose a Threat to Netflix? * Part 4 - How Is Disney Planning to Boost Hulu’s Content Offerings?