|Bid||39.09 x 1000|
|Ask||39.10 x 800|
|Day's Range||38.83 - 39.28|
|52 Week Range||24.81 - 39.46|
|PE Ratio (TTM)||18.04|
|Forward Dividend & Yield||0.36 (0.96%)|
|1y Target Est||N/A|
Recent stories on Netflix, Amazon, Hulu and other streaming services reported by The Business Journals and elsewhere.
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).
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.
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.
To receive further updates on this Twenty-First Century Fox, Inc. (NASDAQ:FOXA) trade, sign up for a risk-free trial of Maximum Options today. One of the reasons I think we’re seeing sideways action, despite the Federal Open Market Committee (FOMC) announcing that it is considering another rate-hike in June, is that the FOMC was actually quite dovish in its statement this week. The committee indicated that it is willing to let inflation run ahead of its target, which Wall Street took as a sign that the central bank will slow its pace of rate increases.
Media behemoth Comcast (CMCSA) is getting ready to bid on most of 21st Century Fox’s (FOXA) assets, according to a Reuters report. Comcast hasn’t disclosed its bid price, but according to the reports, it’s looking for financing options to offer a higher bid than the Walt Disney Company’s (DIS) acquisition price. Notably, Disney agreed to acquire Fox’s media and film business for $52.4 billion in December 2017.
If the deals go through as many expect, Comcast’s consolidated debt would more than double from $65 billion to a “staggering” $164 billion, excluding any cash flow the Philadelphia-based company would generate before the transactions would close, according to Neil Begley, a Moody’s senior vice president and lead media analyst. "To put potential all-debt-financed Fox and Sky acquisitions in perspective, Comcast would be the second-most indebted non-financial, non-government related company after only AT&T Inc., pro forma for the potential Time Warner Inc. acquisition,” he said in a press release. Not surprisingly, Moody's has placed has placed Comcast Corporation's A3 long-term debt ratings on review for downgrade in case Roberts pulls the trigger on the all-cash deals.
Hulu and Great Clips have signed postseason partnerships with the NHL for this year, with Hulu also serving as the on-air presenting sponsor of NBC Sports’ pregame show.
Netflix is even bigger than Disney now. The streaming-video service, which held its initial public offering 16 years ago this week, surpassed the movie, TV, and theme-park giant today (May 24) in market value. Netflix’s market capitalization rose to around $152.5 billion as of mid-day today, while Disney’s dipped to around $152.1 billion, daily FactSet…
AT&T Inc. is already testing just how tough antitrust enforcers in Washington are going to be on media deals that combine content and distribution. Comcast Corp. could be next to challenge their limits. The cable giant’s possible bid for 21st Century Fox Inc. assets would need approval from a Justice Department that has raised the bar for such deals, known as vertical tie-ups.
The fight for Fox is not the first time that Comcast and Disney have crossed swords. In 2004, Comcast made a $54bn unsolicited offer for Disney, with Brian Roberts, the company’s chief executive, saying a purchase would “restore the Disney brand” following a fallow few years.
Comcast’s (CMCSA) NBCUniversal segment has been generating robust revenue growth over the past several quarters. In the first quarter, the company posted strong revenue growth in the division driven by its growing theme park and cable network and TV businesses. The segment’s coverage of the 2018 Winter Olympic Games and the Super Bowl bolstered its profitability in the cable network and TV business.
British pay-TV group Sky has become the target of a bidding war involving some of the world’s largest media companies. Here, the potential multibillion dollar deal is explained, with details of the interested ...
ESPN has finalized its multi-platform, multiyear deal with UFC, and the package is even bigger than previously announced, securing exclusive digital and television rights.
Recently, Twitter (TWTR) has been pursuing video deals all over the place. The company has inked live video deals with organizations including Bloomberg, Major League Baseball, and Major League Soccer. In the first quarter of 2018, Twitter inked more than 30 new video deals, but its expenses in the quarter were nearly flat from a year ago.
All three major indices closed Wednesday's session in the green after spending most of the session in negative territory. The Dow rose 0.21%, or 52 points after falling as much as 150 points, closing the session at 24,887, while the S&P 500 rose 0.32%, closing the day up 9 points to 2,733 and the Nasdaq rose 0.64%, or 48 points to close the day at 7,426. Users can finally know what Apple Inc.
Comcast Corp. will approach 21st Century Fox Inc. shareholders as soon as this week to discuss its plan to snatch away the media company’s trove of entertainment properties from rival suitor Walt Disney Co., according to a person briefed on the matter. The cable giant also has told the Justice Department about its interest in the Fox assets, an early step in addressing antitrust concerns about a potential transaction, according to the person, who asked not to be identified because the deliberations are private. Comcast is laying the groundwork for a deal after confirming its desire to outbid Disney for the Fox operations, which represent most of that company’s entertainment holdings.
The streaming service has hired two new vice presidents to help evolve and drive Hulu’s overall marketing strategy.
The largest U.S. cable operator said it was in advanced stages of readying a bid that would be superior to Disney's all-stock offer. "While no final decision has been made, at this point the work to finance the all-cash offer and make the key regulatory filings is well advanced," Comcast said in a statement. The news lifted Fox shares 1.6 percent to close at $38.77.