|Bid||0.00 x 1200|
|Ask||363.89 x 800|
|Day's Range||358.29 - 371.00|
|52 Week Range||231.23 - 419.77|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||128.68|
|Earnings Date||Jul 17, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||388.66|
Well, it's official: The Office is leaving Netflix .Michael Scott and the rest of Dunder Mifflin will be heading for another streaming service come January 2021.By far the most popular show on Netflix in 2018, The Office was bound to leave the service eventually — or, at the very least, see some HUGE contract renegotiations.
Wondering what the most watched show on subscription streaming is? According to NBC it's The Office , and as such, it's no surprise that once the company's agreement with Netflix expires at the end of 2020 , it's keeping the show for its own streaming service . The ad-supported NBCUniversal package is launching in 2020, but it won't have the show's nine seasons until 2021. It's following a trend we've seen from AT&T and Disney , as they try to capitalize on back catalogs to launch new streaming competitors. Of course, for viewers it means they won't be able to see popular shows all in one place, and it's unclear how this will impact international distribution. In response, Netflix tweeted that at least members can binge watch "ad-free" until January 2021.
Comcast Corp's NBCUniversal will pull popular workplace comedy "The Office" from Netflix Inc in the United States in 2021 and make the show available on its own streaming service, the company said on Tuesday. "The Office" is the No. 1 series on subscription video-on-demand services such as Netflix when measured by the number of minutes streamed, according to a statement from NBCU. The show was streamed for more than 52 billion minutes in 2018, twice as many as the next-viewed program, NBCU said.
Walt Disney Co said on Tuesday it had hired a top executive in Netflix Inc's original film division, Matt Brodlie, to lead international content development for its upcoming family-oriented streaming service called Disney+. In his new role at Disney, Brodlie will determine what content needs to be produced or acquired for Disney+ customers outside of the United States, according to a statement from the company.
Disney’s forthcoming streaming service has added Matt Brodlie as senior vice president of international content development.
Walt Disney Co has hired the head of Netflix Inc's original film division, Matt Brodlie, for its streaming service Disney+, according to a report by Deadline on Tuesday. Brodlie will join Disney+ as senior vice president of international content development, the report https://deadline.com/2019/06/disney-netflix-matt-brodlie-streaming-disney-1202631723 said. For years, Netflix has been luring away high-profile executives from rivals and was earlier sued by Twentieth Century Fox Film Corp for poaching employees.
(Bloomberg) -- Roku Inc. shares fell on Tuesday, with the stock retreating further from record levels in what analysts said was a reaction to the company’s massive year-to-date advance.The stock dropped as much as 6.6% in what was on track to be its fourth straight decline, its longest losing streak since a six-day decline in April. Roku, a platform for video-streaming services, has lost about 12% over the four-day slump.Even with the recent losses, the stock is up nearly 250% from a December low, and it hit record levels last week.“There are plenty of examples of high-growth companies that are well positioned in popular sectors, where investors get ahead of themselves,” said Tom Forte, an analyst at D.A. Davidson who has a buy rating on the stock.“Roku is in a very favorable position, where it can exploit the large investments being made by participants in the video category -- not just Netflix, but also Amazon, Apple and Disney,” he told Bloomberg in a phone interview. “As video ad revenue gravitates to where the eyeballs are, to [over-the-top] services and away from legacy, linear television, I think it has the ability to grow into its valuation.”Roku’s stock has long been in a tug-of-war between its high levels of growth and a valuation that analysts often see as excessive. The stock can be extremely volatile, moving more than 20% following each of its past four quarterly results.Roku’s second-quarter results are estimated to come out on August 7, according to data compiled by Bloomberg. Currently, analysts expect it to report revenue growth of more than 40%, a pace that’s expected to continue in the subsequent quarter, and then stay above 30% for the next two quarters.This growth is seen as fueled by the company’s continued popularity with consumers at a time when streaming video has become a dominant part of the entertainment landscape. According to a Citi analysis of over-the-top services, the Roku Channel was the seventh most popular channel in May, up from ninth place in April.“The market clearly believes Roku has nearly unlimited growth potential,” wrote Wedbush analyst Michael Pachter in a report dated June 24.He added that while the company had built “an exceptional platform” and “has positioned itself as best in class for OTT advertising,” these factors were “fully priced in” the share price.Wedbush has a neutral rating on Roku, but on Monday boosted its price target to $105 from $65.To contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The home video release of "Captain Marvel" illustrates why a third player may be the ultimate victor in the battle between the streaming market leader and Disney+ later this year.
The S&P 500 recently closed out an all-time high of 2,954, while the Dow is also within touching distance of record territory. That’s excellent news for existing shareholders, but it does make finding new investing ideas a challenge. However, a deep analysis of stocks – covering everything from analyst activity to headline sentiment and even momentum – can turn up a few stock picks that are still primed to outperform. The Smart Score pulls together eight data sets – including the factors mentioned above – to create a rating that unites eight different equity insights.Here are three “Perfect 10” stocks to buy now, according to the Smart Score system. All three stocks boast the highest possible score of “10,” indicating that these stocks represent compelling investing opportunities right now. Let’s see why these stocks earn such high scores… Iovance (IOVA)Iovance Biotherapeutics is a clinical-stage biotech focused on developing immunotherapies to treat cancer. Specifically, the company is working on personalized tumor infiltrating lymphocytes known as TILs. What’s exciting is that Iovance's proprietary TILs are the first cell therapy to show significant efficacy in solid tumors. Right now the company is conducting phase II clinical trials assessing the efficacy and safety of TILs for patients with metastatic melanoma, head and neck cancer, as well as cervical cancer. Shares have more than doubled year-to-date, and as we can see below the stock scores a ‘perfect’ Smart Score of 10. Most notably, 9 analysts have published buy ratings on the stock in the last three months. So no hold or sell ratings here. Analysts reiterated their bullish calls after IOVA presented two posters at the annual meeting of the American Society of Clinical Oncology (ASCO), showing encouraging efficacy of TILs in melanoma and cervival cancer. “Iovance’s TIL products, LN-144 and LN-145, are continuing to deliver significant clinical promise in these two indications, and we believe investors are starting to recognize and reward it” wrote Chardan Capital’s Geulah Livshits following the event. Her buy rating comes with a $30 price target (41% upside potential). But that’s not the only datapoint in IOVA’s favor. The stock also boasts bullish blogger opinions, increased hedge fund activity and a very positive sentiment from investors. Five-star blogger Bhavneesh Sharma rates IOVA a buy. He explains that Iovance is being rumored as an attractive takeover candidate after breakthrough results of its TILs technology in advanced refractory cervical cancer. Netflix (NFLX)Streaming giant Netflix looks like a compelling investing proposition right now, according to its Smart Score. Indeed, top-rated Goldman Sachs analyst Heath Terry has placed Netflix on the firm’s elite Conviction List of top stock ideas. He wasn’t deterred by the company’s light second-quarter guidance, writing: “As Netflix’s content investments, distribution partnerships and marketing spend drive subscriber growth significantly above consensus expectations and the company approaches an inflection point in cash profitability, we believe shares of NFLX will continue to significantly outperform,” he said.“We remain Buy rated and raise our 12-month price target to $460 from $450 to reflect faster subscriber growth expectations, particularly in international markets.” From current levels that indicates upside potential of 24%.Terry is one of 24 analysts who have recently published NFLX buy ratings. That’s versus just 3 hold ratings and 1 sell rating. Encouragingly, Piper Jaffray’s Michael Olson has also just carried out a deep dive into Netflix’s second quarter. He revealed that his study of search trends suggests year-over-year 11.7% growth in US subscribers and 45.8% international growth. That easily beats Netflix’s guidance of 8.2%. for US subscribers, and international growth of 36.5%.Meanwhile, the company also enjoys Very Bullish news sentiment, blogger opinions, increased hedge fund activity and positive return on equity. News sentiment is buzzing as Netflix has just revealed that its new comedy caper “Murder Mystery” enjoyed the biggest opening weekend ever for a Netflix Film. According to the firm’s tweet, “30,869,863 accounts watched ‘Murder Mystery’ in its first 3 days.” Paycom Software (PAYC)Based in Oklahoma, Paycom is an online payroll and human resource technology provider. It is attributed with being one of the first fully online payroll providers and has offices throughout the US. Shares have exploded 84% year-to-date, thanks to strong earnings results and a guidance raise. The company reported revenue growth of 30% and adjusted EBITDA of $103 million. According to five-star KeyBanc analyst Brent Bracelin further growth lies ahead. He has just boosted his price target from $215 to $246. “Further analysis of the HR competitive landscape suggests the growth and improving margin profile at HR SaaS leader PAYC appears sustainable, particularly given roughly 70% of HR applications are still tied to on-premise deployments implying a long and stable growth runway” comments Bracelin. He raises estimates citing increased confidence in the company maintaining industry leading growth rate while improving margins.In addition, investors show Very Positive sentiment on PAYC, as do hedge funds and bloggers. Hedge fund gurus with promininent positions in the stock include both Ken Fisher and Joel Greenblatt of Gotham Asset Management. Discover more Top Smart Score stocks here
Grand View Research expects the global streaming market to reach $124.6 billion in 2025, up from $36.6 billion in 2018. Apple (AAPL) now has its eye on the competition in this segment.
In the first quarter of 2019, streaming platform Hulu added 3.8 million subscribers in the US, more than twice as many as Netflix's (NFLX) 1.74 million. Hulu’s subscriber base has now increased to 28 million, up from ~25 million in January 2019.
Netflix (NFLX) was one of the first players in the online streaming space. Netflix launched its streaming platform back in 2007 and now has over 150 million subscribers worldwide.
(Bloomberg) -- The studio that brought you “The Hunger Games,’’ “Mad Men’’ and “John Wick’’ is now facing its own existential question.Lions Gate Entertainment Corp. has lost more than half its market value over the last year as the once-idolized filmmaker struggles to find new megahits. On top of that, recent mergers have created entertainment behemoths that threaten to make smaller studios an afterthought in Hollywood’s new blockbuster environment.All that has created a new sense of urgency around the 22-year-old Lions Gate as it weighs its future: open itself to being acquired, sell off pieces, or try to bulk up to compete with the giants.“Some studios have scale and unfortunately some studios are now subscale,” said John Tinker, an analyst at Gabelli & Co. “The question is obviously, if you are a smaller studio and you do not own Marvel, what are you going to do?”Investors are worried and frustrated that management may have missed the M&A boat, said Geetha Ranganathan, a Bloomberg Intelligence analyst. “Time and options seem to be running out.”Lions Gate shares fell as much as 5.3% Monday to a seven-year low of $11.38 in New York. The company declined to comment.The studio was formed in 1997 in Vancouver by movie-loving mining financier Frank Giustra. It made its name distributing R-rated movies like “American Psycho” and, with the acquisition of Summit Entertainment in 2012, was propelled into the big leagues by the teen-vampire “Twilight” film saga. That same year it also launched the “The Hunger Games’’ franchise. (The studio announced last week there might be a prequel.)But as a smaller company, Lions Gate has long been a target of merger speculation. Companies from Metro-Goldwyn-Mayer to Sony to CBS Corp. have been linked to potential deals. Two years ago, Lions Gate walked away from talks with game-maker Hasbro Inc. involving a $41 a share offer, worth almost $9 billion, people familiar with the situation said.Today, the stock trades below $12, weighed down by two years of declining revenue in its motion picture division, and merger talks have picked up again. Lions Gate has held informal discussions in the past year with companies that may be interested in buying the whole business, people with knowledge of the situation said. But with the stock at seven-year lows, the studio isn’t interested in selling itself at the moment, people close to the situation said.A handful of other strategies are under discussion. One is to buy a stake in Miramax, the film producer formerly owned by the Weinstein brothers, one of the people said. Its current owner, BeIn Media Group, has recently sought buyers for a minority stake. Such a move would give Lions Gate access to a library of Oscar-winning movies such as “Shakespeare in Love” and, more recently, revived franchises like “Halloween.” A Miramax spokesman declined to comment.Starz SaleThe company is also considering selling the studio’s pay-cable network Starz, which contributes more than half its profits. Lions Gate last month turned down a $5 billion informal bid from CBS for Starz, but a sale remains a possibility, according to people familiar with the situation. If that happens, industry sources say, a slimmed-down Lions Gate might become more attractive to potential bidders. Others suggest the studio would be a tough sell without Starz.Meanwhile, the studio is looking to raise perhaps several hundred million dollars from investors to expand Starz internationally. That effort will be slowed down by upcoming negotiations with AT&T’s DirecTV over fees to carry the channel.At recent stock prices, Lions Gate is valued at less than the sum of its parts, according to Tim Nollen, a Macquarie Capital analyst. Shares could be worth $21 in a breakup, with a $5 billion valuation for Starz, $1.5 billion for the motion picture unit and $1 billion for the TV segment.Malone StakeFor investors such as cable magnate John Malone, who first bought shares in 2015 at around $30, it’s a rare miss. He controls about 8% of Class A shares. Hedge fund manager Mark Rachesky, Lions Gate’s chairman, is the biggest investor with a 19% Class A stake. He has owned shares since 2004 and backed the studio in fighting off a takeover by Carl Icahn in 2010.A spokeswoman for Malone did not return requests for comment. A spokeswoman for Rachesky declined to comment.Trends sweeping Hollywood will only make it more difficult for Lions Gate to remain independent. The merging of Disney and Fox’s film companies, and AT&T and Time Warner Inc., along with Comcast’s Universal Pictures, has created a trio of studios that own and produce well-known blockbuster movie franchises, such as the Marvel superhero universe and DC Comics. The result is a small group of big films increasingly dominating the box office.Netflix ProductionMoreover, buyers for Lions Gate’s typically mid-budget fare may be shrinking. Disney and WarnerMedia are investing billions in making their own shows to lure subscribers to new streaming services. Netflix Inc., too, is producing more and more of its original content in-house, a big change from the early days when Lions Gate’s “Orange Is the New Black’’ helped make the streaming channel required viewing. That trend could lessen demand for TV programs and films made by independent studios.Lions Gate has had some successes lately. “John Wick: Chapter 3--Parabellum” helped lift it to fourth in the box office this year, ahead of competitors like Viacom Inc.’s Paramount Pictures and Sony Pictures. And the studio is still finding buyers for its shows, recently selling to HBO, NBC and even streaming platforms run by WarnerMedia and Apple Inc.Jim Gianopulos, chief executive officer of one of the smaller shops, Paramount Studios, said that appealing programming will ultimately win out regardless of production size. “Scale has its virtues, but the creative process is independent of it,” Gianopulos said in an interview.But some analysts aren’t so confident.“For the longest time, people thought the studios would come out as the winners because they own the content,” Ranganathan said. But in the wake of the mergers, “You need established franchises. If you don’t have scale, you can’t compete.”(Updates with analyst’s comment in fifth paragraph.)To contact the reporters on this story: Anousha Sakoui in Los Angeles at firstname.lastname@example.org;Nabila Ahmed in New York at email@example.comTo contact the editors responsible for this story: David Papadopoulos at firstname.lastname@example.org, ;Nick Turner at email@example.com, Larry ReibsteinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Though Google’s YouTube (GOOGL) is the most watched streaming platform in the world, Netflix (NFLX) tops the charts when it comes to revenue, according to Venture Beat. In the last year, Netflix has reported sales of $15.8 billion.
College graduation is upon us, which means many empty-nesters will suddenly find themselves with not-so-empty nests…and, if they’re not careful, empty wallets. This trend can have crippling financial consequences for both parents and their adult children. It’s important that parents set boundaries and expectations, not just to protect their future nest egg, but to set their children up for a life of financial security.
While Netflix (NFLX) continues to be a market leader in the streaming space, it's facing competition from Hulu, Amazon Prime (AMZN), the Walt Disney Company (DIS), YouTube (GOOGL), Apple TV, and WarnerMedia (T). Let's look at the overall video streaming market and how these players stack up.
The Dow Jones industrials led modest stock market gains early Monday. Facebook stock is approaching a potential buy point.
NBC announced Tuesday it will remove "The Office" from Netflix starting in 2021. The show, one of the most popular shows on Netflix, will be added to NBC's own streaming service.