311.99 +0.30 (0.10%)
After hours: 7:58PM EST
|Bid||312.17 x 1200|
|Ask||311.92 x 1200|
|Day's Range||304.26 - 312.69|
|52 Week Range||231.23 - 385.99|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||99.87|
|Earnings Date||Jan 15, 2020 - Jan 20, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||361.63|
Headlines moving the stock market in real time.
Jeff Rosica, CEO of Avid, shares the highlights from Investor's Day and how the company is expanding its cloud technology during the explosion of media content.
Shares for the streaming device maker Roku fell after the company disclosed it had plans to sell up to 1 million shares of common stock. Yahoo Finance’s Alexis Christoforous and Dan Howley discuss on The Ticker.
The launch of Disney+ has had "little-to-no impact" on Netflix, according to a new note from Credit Suisse. Black Hawk Financial Founder Leanna Haakons joins Yahoo Finance’s Zack Guzman and Heidi Chung on YFi PM to discuss.
Disney+ users are having their accounts hacked and put up for sale on the dark web, according to multiple reports. Yahoo Finance’s Dan Roberts, Kristin Myers and Anjalee Khemlani discuss on YFi AM.
Netflix for $12.99, Disney+ for $70 a year, Hulu with no ads for $11.99, and add on HBO for $14.99… wait, how much is this all costing? Welcome to the next phase of the streaming wars.
The rule of buying low and selling high always applies with companies that are basically sound operations with decent franchises. That's why it's time to dip into shares of Arista, Netflix, Twitter, Nokia and Xilinx.
Hedge funds doubled down on their health-care and industrials investments in the third quarter, while financials and consumer staples remained out of favor. Here’s a rundown.
Tech stocks are leading the market by a wide margin in 2019, but Q3 2019 profit declines and high valuations are causes for concern.
(Bloomberg) -- Sony Corp. is in talks to acquire a stake in the Indian television network controlled by billionaire Mukesh Ambani, as the Japanese giant seeks to tap booming demand for content in the South Asian nation, according to people familiar with the matter.The Tokyo-based company is currently conducting due diligence on Ambani’s Network18 Media & Investments Ltd. before any possible offer, the people said, asking not to be named as the information is not public. Sony is considering several potential deal structures, including a bid for the company or a merger of its own Indian business with Network18’s entertainment channels, one of the people said.Talks are at a preliminary stage and may not result in a transaction, the people said. Shares of Network18 surged as much as 19% in Mumbai on Thursday, while unit TV18 Broadcast Ltd. jumped 9.7%.While a successful deal may help Sony bolster its local offerings and take on upstart rivals such as Netflix Inc., it will give Ambani access to international content. The Indian tycoon’s wireless carrier, Reliance Jio Infocomm Ltd., has spent almost $50 billion in the past few years on its network to disrupt India’s telecommunications industry and has been luring users by offering local and overseas programming.“Our company evaluates various opportunities on an ongoing basis,” a spokesman for Ambani’s Reliance Industries Ltd., said in an email, declining to comment further. Representatives for Sony in India and Japan didn’t immediately respond to requests for comments.The talks come at a time when competition is heating up for paying viewers in a potentially lucrative market with more than half a billion smartphone users. Streaming companies such as Netflix to Amazon.com Inc. Prime are increasingly offering programs created locally to lure subscribers. Ambani’s Jio, while having the technology platform, is limited by the paucity of content it can stream, making such a deal with Sony crucial.“India is a massive OTT market, and any international OTT play will need to bolster its local strategy,” said Utkarsh Sinha, managing director at Bexley Advisors, a boutique firm in Mumbai, referring to over-the-top or streaming media services. “More partnerships or strategic alliances like this are likely in the next year or so.”Inside the Most Watched YouTube Channel in the WorldReliance Industries, the oil-to-petrochemicals conglomerate, unveiled plans last month to set up a digital-services holding company to fulfill the mogul’s ambitions for an e-commerce platform aimed at taking on the likes of Amazon.com and Walmart Inc.’s Flipkart Online Services Pvt.Sony operates in the South Asian country through Sony Pictures Networks India, which has a bouquet of channels including Sony Entertainment Television, reaching over 700 million viewers in India.TV18 Broadcast owns and operates 56 channels in India spanning news and entertainment. It also caters to the global Indian diaspora through 16 international channels.(Updates with analyst’s comment in seventh paragraph)To contact the reporters on this story: Baiju Kalesh in Mumbai at firstname.lastname@example.org;Anto Antony in Mumbai at email@example.com;P R Sanjai in Mumbai at firstname.lastname@example.orgTo contact the editors responsible for this story: Fion Li at email@example.com, ;Sam Nagarajan at firstname.lastname@example.org, Arijit GhoshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Credit card spending data shows slowing subscription rates for AT&T Inc.'s (NYSE: T) AT&T TV Now and DirecTV services and a drop in the number of subscribers for HBO in October, sending the company's stock lower on Wednesday. "While video monetization remains healthy, subscriber metrics are not," KeyBanc analyst Brandon Nispel wrote in a note. KeyBanc's Key First Look Data from credit card usage showed AT&T TV Now subscribers down 36% year over year in October, worse than expected.
(Bloomberg) -- Some customers who signed up for Walt Disney Co.’s new Disney+ streaming service have seen their usernames and passwords sold online to third parties and have been locked out of their newly opened accounts.Disney said its system hasn’t been hacked and that it’s working to quickly address the issue. It’s possible that hackers obtained the names and passwords from data breaches at other companies.“Disney takes the privacy and security of our users’ data very seriously, and there is no indication of a security breach on Disney+,” the company said in a statement.Disney+ is the company’s effort to build a direct connection to consumers, as many people shift to watching movies and shows on demand rather than on cable and satellite TV. The $7-a-month service launched a week ago and quickly signed up more than 10 million customers, a number far exceeding predictions.Still, the debut was marred by many complaints from customers who couldn’t log on or had trouble watching programs. But the number of gripes collected by the website Downdetector has dropped sharply over the past week and now amounts to just a few dozen.Growing ExposureSpeaking at the Code Media conference in Los Angeles on Tuesday, Disney’s direct-to-consumer chief blamed the initial troubles on faulty coding in the app that the company is working to fix. Kevin Mayer said Disney executives were “very surprised” by the number of people who subscribed.The sign-up process was complicated, he said, because some customers already had subscriptions to Disney services such as Hulu and wanted to add the new one. Many customers also forgot they already has Disney accounts.“Not only was it huge demand, but the complexity,” Mayer said. “If you were a current subscriber, how does it work? Those were legitimate questions.”While Disney has long collected customers’ names and passwords for its theme parks and online games, the expansion into online video on a global basis brings the potential for more technology snafus.ZDNet reported over the weekend that Disney+ users’ accounts were being put up for sale on hacking forums within hours of the service’s launch at prices of $3 to $11 each. Some customers reported they had used old passwords, but others said they hadn’t, according to the website.While there may be few thousand compromised Disney accounts, that’s small compared with the hundreds of thousands of usernames and passwords on the black market hijacked from platforms like Hulu, Netflix and HBO, said Andrei Barysevich, chief executive officer and co-founder of the security firm Gemini Advisory.‘Very Effective’Reusing names and password combinations from previous attacks at other sites can be a “very effective method” for hackers, he said.“This is one of the biggest problems, not just streaming services, but pretty much every e-commerce business has been battling for the last couple of years, because there’s an abundance of compromised emails and passwords on the dark web,” Barysevich said.At Code Media, a conference for media executives, operators of rival services praised the Disney+ launch. David Nevins, chief creative officer at CBS Corp., called the sign-ups “impressive,” while AT&T Inc. President John Stankey said that while Disney+ “was off to a good start,” keeping customers happy and subscribed will be an ongoing issue.“How many of the 10 million customers are there six months from now?” Stankey asked. “It’s managing churn.”(Updates with executive comments starting in sixth paragraph)To contact the reporters on this story: Christopher Palmeri in Los Angeles at email@example.com;Kiley Roache in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Nick Turner at email@example.com, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Despite the media hoopla surrounding Walt Disney's new subscription video-on-demand service Disney+, streaming video leader Netflix hasn't been negatively impacted so far, an analyst said.
Woody Marshall, General Partner at TCV By John Jannarone Investing in a growth company requires a view that a business can be fundamentally profitable over an extended time horizon. But in some cases, public-market investors simply don’t have the patience to see a business blossom. That’s according to Woody Marshall, General Partner at Menlo Park-Based […]
Disney's content focus doesn't completely overlap with that of Netflix, a dynamic that highlights that there are different types of streamers.
Disney+ was launched on Nov. 12, and just a week later, security concerns emerged regarding users' accounts. One theory as to why this all happened? Users reused their usernames and passwords from other sites for Disney+.
It’s where Keenan taught me French from a bathtub in “All That,” and where “The Amanda Show” taught me to prank call. Netflix recently announced a multi-year content deal expanding its relationship with Viacom's (NASDAQ: VIAB) Nickelodeon. Over the last few years, Nick has used the platform to relaunch “Rocko’s Modern Life” and “Invader Zim.” Benzinga has a few requests for the latest round.
The soaring salaries at Silicon Valley stalwarts like Facebook, Netflix and Google create a number of opportunities – and could be a wake-up call.