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Fox Corporation (FOXA)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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41.29+2.20 (+5.63%)
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Previous Close39.09
Bid41.18 x 800
Ask41.34 x 4000
Day's Range39.11 - 41.44
52 Week Range19.81 - 41.44
Avg. Volume5,760,881
Market Cap23.739B
Beta (5Y Monthly)N/A
PE Ratio (TTM)16.34
EPS (TTM)2.53
Earnings DateMay 04, 2021 - May 10, 2021
Forward Dividend & Yield0.46 (1.18%)
Ex-Dividend DateMar 09, 2021
1y Target Est33.77
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • NFL’s TV Negotiations Turn Into New Front in Streaming Wars

    NFL’s TV Negotiations Turn Into New Front in Streaming Wars

    (Bloomberg) -- Negotiations over broadcast rights to National Football League games -- long seen as the biggest prize in television -- have become yet another extension of the streaming wars.As media titans such as Walt Disney Co. and Comcast Corp. hammer out deals to show games on their TV networks, they’re seeking new ways to add NFL action to their streaming platforms as well. Amazon.com Inc., meanwhile, is getting more ambitious about using NFL games to attract users to its Prime Video service, according to people familiar with the company’s thinking.Disney Chief Executive Officer Bob Chapek said this week that all future sports deals will prioritize ESPN+, its $6-a-month streaming service. Comcast’s Peacock and ViacomCBS Inc.’s Paramount+ are also expected to gain the rights to more NFL matchups. Media giants are planning for a future when online viewing rules the day.“We’re steering as many rights as possible toward ESPN+,” Chapek said.Networks and pay-TV providers, such as DirecTV, have long relied on the NFL and other live sports to keep customers from cutting the cord. So it will be a twist if the league’s latest agreements hasten the shift to a streaming world.NBC, Fox, and CBS are looking at paying as much as double their current fees, or about $2 billion each a year for rights to the Sunday packages, according to Bloomberg Intelligence. That’s because they are the most popular-sports programming at those networks, accounting for 30% to 57% of their sports viewing.The most striking turn of events could be the package Amazon wins. Currently, the company shares the rights to Thursday night games with Fox and the NFL Network. Fox Corp. CEO Lachlan Murdoch said at a Morgan Stanley conference Thursday that while talks with the league are ongoing, his company will “most likely” give up its Thursday package and keep its Sunday afternoon games as the costs of the rights climb.Amazon’s video-streaming business has become a significant competitor to Netflix Inc. The company will spend $9 billion on shows and movies this year, according to Bloomberg Intelligence, and executives often tell investors that customers who watch Prime shows spend more on its shopping site.Big Media PropertiesAmazon executives see live sports as a way to help the streaming service stand out in a crowded field, according to the people with knowledge of the matter. The company is seeking big recognizable media franchises that can draw customers and keep them loyal, they said. That’s why it spent $250 million on the rights to “The Lord of the Rings” for a TV series. The Wall Street Journal reported this week that Amazon wants to carry some Thursday games exclusively on Prime Video, potentially increasing their appeal.A bigger role for the internet giant will likely accelerate trends already happening in traditional TV viewing, said Rich Greenfield, an analyst with LightShed Partners.“Amazon Prime taking over Thursday Night Football is a watershed moment in TV history,” he said in a note Thursday. It will “undoubtedly accelerate the demise” of traditional linear TV and cable bundles, he said.Amazon could help set off a chain reaction. With more games on Prime Video, fans will be more likely to cut the cord. Broadcasters then may not be able to demand the same kind of fees from cable providers -- or the same rates from advertisers.It also means broadcasters will be less able to count on using large football audiences to promote their dramas, comedies and other programs.“It is one less reason to be in the TV ecosystem,” Greenfield said.The rise of streaming is already forcing companies to rethink their channel lineups. Comcast aired an NFL wild card game on its new Peacock streaming service in January, shortly before the company announced it was shutting down its NBCSN cable sports network.“We’re looking at every sports relationship we’re doing to have a streaming aspect to it,” Comcast CEO Brian Roberts said Wednesday at the Morgan Stanley event. The Premier League, golf and WWE are all on Peacock, as are the Olympics slated for this summer, he noted.Paramount+ PushSpreading sports around to streaming platforms provides a way to justify the soaring costs of rights. And games help drive new subscribers to the services. As part of the shift online, the NFL also has been seeking a digital partner for its popular Sunday Ticket package.ViacomCBS, which introduced its rebranded Paramount+ streaming platform on Thursday, plans to offer NFL games in that service’s basic $5-a-month tier.“We found it is an effective piece of programming to have from a subscriber-acquisition standpoint,” ViacomCBS CEO Bob Bakish said of the NFL. “I’m confident we’ll be in business with them for a long time.”The online components will further efforts to offer more customized viewing experiences to fans. Disney, for example, offered multiple ways to follow its NFL wild card game in January, on both traditional and online networks.The coverage included the Spanish-language announcers on ESPN Deportes and teen TV stars on its Freeform cable network. ESPN.com offered nine different camera angles, and a special edition of “Between the Lines” on ESPN+ featured additional game analysis and betting odds.That’s why negotiating online rights is critical, Chapek said this week at the Morgan Stanley conference.“We won’t contemplate rights deals going forward that don’t envision ESPN+ being a major player,” he said.(Updates with projected costs in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Here's What We Like About Fox's (NASDAQ:FOXA) Upcoming Dividend
    Simply Wall St.

    Here's What We Like About Fox's (NASDAQ:FOXA) Upcoming Dividend

    Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Fox...

  • Fox (FOXA) Soars 9.1%: Is Further Upside Left in the Stock?

    Fox (FOXA) Soars 9.1%: Is Further Upside Left in the Stock?

    Fox (FOXA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.