|Day's Range||7.90 - 8.13|
as head of HBO in February, it signalled the end of an era for a cable network synonymous with high-quality television. HBO has won more than 160 of the gongs since 2013, when Mr Plepler became chief executive of the network, receiving more nominations than any other network each year until last year, when Netflix nabbed more nods.
With cord-cutting accelerating and the range of streaming video options expanding, the time has come to back away from most U.S. telecom and cable stocks, HSBC analyst Sunil Rajgopal says.
Amid the rapidly changing video landscape and uncertainty over T-Mobile US Inc.’s pending merger with Sprint, only one U.S. telecommunications name still has room for upside, according to HSBC.
The sharp slide in Intelsat shares continued on Thursday, as concerns grow about the proposed auction of C-Band radio spectrum by an alliance of satellite communications companies for use by telcos building out 5G networks. The companies in the C-Band Alliance (CBA)— (I) (ticker: I) and SES (SGBAF), both based in Luxembourg, and Telesat, a Canadian firm majority-owned by (LORL) (LORL)—have proposed a private auction that would provide access to the spectrum to carriers building out 5G networks. The Federal Communications Commission is expected to take up the proposal as soon as its December meeting.
Are some of the good times coming to an end for AT&T and its industry? The Dallas-based company, along with Verizon and T-Mobile USA, were hit with a downgrade to “hold” from “buy” by analysts at HSBC in a new research note. “Going into 2020, we turn cautious.” AT&T's stock has climbed more than 30 percent this year in the sector that’s benefitted from lower interest rates, a “rational competitive environment in mobile” and commentary that signals stable or lower capital expenditures, the analysts said.
Concern about competition and the changing content business model in the industry drove the rating moves by analyst Sunil Rajgopal.
Roku stock has already recovered from its post-Q3 earnings release selloff after bullish streaming TV investors snatched up a perceived buying opportunity. But the streaming TV stock might have even more room to run...
With 5G technology opening up opportunities in the telecom sector, we study the impact of a few big earnings releases on ETFs with decent exposure.
Concerns that the timing and terms of the auction will get entangled in politics is weighing on the shares of the satellite providers—with ramifications for the carriers and others in the 5G food chain.
Media giant Disney's (NYSE:DIS) highly anticipated new streaming service, Disney+, launched on Nov. 12 to huge fanfare. In the first few minutes after Disney+ launched, the streaming service became the No. 1 trending topic on Twitter. A few hours later, Disney said that early consumer demand for Disney+ had exceeded even their high expectations.The big takeaway? There is a ton of demand out there for streaming content, and media companies today are just scratching the surface of all that demand.Consider that about 96% of U.S. households still subscribe to pay-TV services. That is, despite all the cord-cutting hype over the past few years, only 4% of American households have actually cut the cord and said goodbye to pay-TV. Instead, because streaming services in their current state are good but limited (no sports, only a few services, a lack of big-name movies, etc.), the norm for U.S. households today is to subscribe to both pay-TV and a few streaming services.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis will change over the next decade. Traditional media giants have finally caught on to the idea that, thanks to its convenience and pricing advantages, streaming is the future of TV.Consequently, they are increasingly taking resources away from the linear TV channel, allocating them towards the internet TV channel, and are planning to launch a slew of streaming services over the next few years.The result? Come 2025, the streaming TV space won't be limited anymore. It will have as much content as the linear TV world, if not more content. This transition from limited to unlimited content over the next five years will get consumers to actually cut the cord, and will spark a streaming TV gold rush wherein the U.S. household norm goes from pay-TV and a few streaming services, to just a few streaming services. * 7 Biotech Stocks to Buy With Plenty of Power in the Pipeline What does all this mean for investors? The 2010s weren't the decade of streaming stocks. The 2020s will be. So don't think it's too late to buy streaming stocks. The streaming TV gold rush is actually just beginning. Streaming TV Stocks to Buy: Disney (DIS)Source: ilikeyellow / Shutterstock.com Disney stock is set to win big next decade because the company's suite of streaming offerings -- Disney+, ESPN+ and Hulu -- project to grow by leaps and bounds in the 2020s.Disney has struggled with severe cord-cutting headwinds over the past several years. Those cord-cutting headwinds will persist. They will actually get worse. But, that's largely irrelevant now, because Disney has pivoted into the streaming channel, and the company hopes that growth of Disney+, ESPN+ and Hulu will offset linear video subscriber churn.That's exactly what will happen.Simply consider that Disney dominates the box office every year with its annual slate of big ticket productions, implying that Disney is already king in the game of "making content that consumers will pay for." Now, all Disney is doing is packaging all that content into one streaming service, at a very attractive $7 per month price point. You can bet that this service will have huge demand.Further, ask anyone why they still have cable, and most consumers will tell you that one of the biggest pulls of cable is live sports. But, Disney has a unique opportunity with ESPN+ to make live sports a streaming TV thing. If they do -- and they successfully integrate robust live sports offerings into ESPN+ -- then that service could have huge uptake over the next several years, too.Ultimately, both Disney+ and ESPN+ are in the early stages of huge, multi-year growth narratives, and those growth narratives will ultimately propel DIS stock higher next decade. Netflix (NFLX)Source: Riccosta / Shutterstock.com The pioneer and king of the streaming TV world, Netflix (NASDAQ:NFLX) won't be dented by increased competition in the streaming space. Instead, because of Netflix's content and size advantages, increased competition could actually help -- not hurt -- NFLX stock over the next decade.Netflix's advantages in streaming are two-fold. First, there's the data advantage. Netflix has an unparalleled data-set, which includes several years of hundreds of millions of consumers' viewing habits. Broadly, then, Netflix knows who wants to watch what -- and why -- better than anyone else. They have been, still are and will continue to leverage this data advantage to create more, better and more relevant content than anyone else.Second, there's the size advantage. Netflix is also unmatched in terms of number of consumers paying for its platform, so the company can justify spending more on content since the returns are more tangible and immediate than they would be at another streamer. Because of this, Netflix projects to have a bigger content budget than anyone else for a lot longer, and this bigger budget will enable them to make more and better content, too.At the end of the day, then, Netflix's data and size advantages will allow them to make more and better content than anyone else in this space. The streaming wars are all about content. So long as Netflix has better and more content, they won't be at risk to competitive factors. * 7 Tech Stocks to Buy for the Rest of 2019 Rather, increased competition could provide a tailwind for Netflix, since it will spark a mass exodus out of the linear channel and into the streaming channel. This exodus will provide a rising tide that will lift all boats in streaming -- NFLX included. Apple (AAPL)Source: dennizn / Shutterstock.com Because of its unparalleled ability to invest in content development and acquisition, as well as its huge install base of iPhone, iPad and Mac users, Apple (NASDAQ:AAPL) reasonably projects to come out as a winner in the streaming wars.Apple comes into the streaming wars with two huge advantages -- its balance sheet, and its ecosystem of iOS users. On the balance sheet front, Apple has $260 billion in cash and marketable securities on the balance sheet. That's more than the entire market cap of Netflix -- twice over. Further, they have a net cash balance of $98 billion, and they want to get that down to zero over time. As such, Apple has the resources, and the appetite, to create a treasure trove of original content which consumers will pay up for.On the ecosystem front, Apple already has a huge global install base of iPhone, iPad and Mac users. Thus, Apple has a huge distribution advantage. All they have to do is promote Apple TV+ to this ecosystem with a few push notifications, and hope some consumers in the ecosystem will bite. Some will, and if the content is good (as it should be, given Apple's budget), then word-of-mouth will do the rest.Big picture -- Apple has a unique opportunity to turn Apple TV+ into a huge streaming service over the next several years, and if they do, AAPL stock will continue to trend higher. AT&T (T)Source: Lester Balajadia / Shutterstock.com Traditional media giant AT&T (NYSE:T) will leverage its huge internet and linear TV service customer base and its wide portfolio of original content to experience tremendous success in the streaming channel over the next decade.Much like Apple, AT&T comes into the streaming wars with two big advantages -- they provide the internet services that streaming services run on, and through the years, they've amassed a very impressive portfolio of exclusive content.With respect to the first point, AT&T provides internet services. Without these internet services, streaming services don't work. AT&T can leverage this to promote its own streaming services, like HBO Max, by running promotions like "buy our internet service, get HBO Max free." Indeed, they are already doing this, and the more they do it, the more they should turn existing internet subs into streaming service subs.On the second point, through various acquisitions, AT&T has increasingly turned into a media titan over the past few years, with a portfolio of content that includes HBO, Warner Bros, TBS, TNT, Adult Swim and the DC Universe. That's content that consumers have expressed a willingness to pay for, either through movie ticket purchases or pay-TV subscriptions. As such, they should be willing to pay for it in a streaming service. * 10 Cheap Stocks to Buy Under $10 At the end of the day, then, AT&T should be able to leverage streaming success to offset cord-cutting headwinds over the next few years. As they do, AT&T stock should work. Roku (ROKU)Source: Michael Vi / Shutterstock.com While everyone else on this list is in the game of creating streaming services that consumers will want to pay up for, Roku (NASDAQ:ROKU) is in the business of providing distribution for these new streaming services. And, as the distribution leader in the streaming TV world, Roku has guaranteed itself big growth during the streaming TV gold rush of the 2020s.The streaming TV market of the 2010s was pretty simple. You had a few streaming services (Netflix, Hulu, YouTube and Amazon Video, namely) and a ton of consumers subscribing to those streaming services. In that rather simple world, Roku was a very necessary distribution platform that connected those few streaming services to those many subscribers, in a clean, friction-less, unbiased and streamlined manner.In the 2020s, though, the streaming TV market will get a lot more complex. With the introduction of several new streaming services, you will have a ton of subscribers and a ton of streaming services. In this more complex world, the need for and value of a distribution platform like Roku to connect all the disjointed supply to all the disjointed demand will only grow.Consequently, as the streaming TV gold rush introduces complexity into the market, more consumers will use Roku to access their favorite streaming services. As they do, Roku's revenues, profits, and stock price will all move higher.As of this writing, Luke Lango was long DIS, NFLX, T and ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks to Buy for the Rest of 2019 * 7 Biotech Stocks to Buy With Plenty of Power in the Pipeline * 5 Stocks to Buy That Are Set for Monster Growth in 2020 The post 5 Streaming Stocks to Buy for Huge Upside Over the Next Decade appeared first on InvestorPlace.
The T. Rowe Price Dividend Growth fund looks for companies that are consistently growing their dividends. Microsoft and Dollar General are among its picks.
Ever wonder which are the 10 most famous sports arenas in the world? There are many magnificent sports stadiums across the world that are used for various sports. They are used for multiple sports such as boxing, MMA fighting, wrestling, soccer, rugby, American football, Olympic events, and many others. Most of the stadiums are owned […]
Accomplishing the financial cushion to retire early is a fantasy for most, but bringing that fantasy to reality is not as difficult as it sounds. If you are willing to make some serious lifestyle adjustments, it can be achievable.
Amdocs' (DOX) fiscal fourth-quarter performance benefits from new customer gains, strong traction in managed services and solid growth across all regions.
The multi-year managed services agreement is part of the business transformation strategy of AT&T (T) and is likely to bring innovation to the market in an agile manner.
(Bloomberg Opinion) -- For Kumar Mangalam Birla’s textile-to-telecom empire, adversity is a 100-year-old companion. In 1919, when the Indian businessman’s great-grandfather wanted to start a jute mill, the dominant British firm, Andrew Yule & Co., bought all the surrounding Calcutta land. The Imperial Bank, the forerunner of today’s State Bank of India, initially refused Birla a loan.(1)The government of post-independence India stymied the Birla conglomerate with kindness. Soviet-style planning and state socialism protected the family’s legacy licensed firms by keeping competition out. But they inhibited growth. Birla’s father, Aditya Vikram, went to Thailand, Indonesia and the Philippines because he wasn’t allowed to expand at home. “I for one fail to see where the concentration of economic power is: with the big business houses or with the government?” he wondered in 1979. Fast forward 40 years, and the 52-year-old current chairman of the group would be justified to reprise his late father’s frustration. The liberalizing spirit of the 1990s Indian economy has lost much of its force. After dismantling the license raj, a system of strict government-controlled production, and encouraging capitalism, New Delhi is gripped once more by a feverish statism that’s making Birla’s shareholders nervous. The slide began before Prime Minister Narendra Modi came to power in 2014, and was one of the reasons why businesses backed his call for “minimum government, maximum governance.” But five years later, relations between private enterprise and the government have turned even testier.Take telecommunications, the main source of investors’ anxiety. Ever since India opened up the state-run sector in the 1990s, the Aditya Birla Group has been an anchor investor. Partners and rivals like AT&T Inc., India’s Tata Group, and Li Ka-shing’s CK Hutchison Holdings Ltd. came and went, but Birla remained. Currently, the group owns 26% of the country’s largest mobile operator by subscribers, Vodafone Idea Ltd., with the British partner controlling 45%. An Indian court last month directed this bruised survivor of a nasty price war to pay 280 billion rupees ($4 billion) in past government fees, interest and penalties. Overall, India wants to gouge its shriveled telecom industry of $13 billion. The fund-starved government expects operators to cough up more at 5G auctions next year. How long can the Birla boss hang in? With Vodafone Idea saddled with losses and $14 billion in net debt, should he even bother?It’s doubtful whether partner Vodafone Group Plc will linger. This isn’t the first time it has been clobbered by unreasonable government demands. In 2012, India retrospectively changed its tax law to pursue a $2.2 billion withholding tax notice against the U.K. firm. Seven years later, that dispute is far from resolved, and the unit has now been slapped with a new bill.In its half-yearly earnings reported Tuesday in London, Vodafone fully wrote down the book value of its India operations, and warned that the unit could be headed for liquidation. Vodafone’s 42% stake in a separate cellular tower company in the country, once sold, will get used largely to pay off the loan it took to pump capital into the main telecom venture. After that, the U.K. firm will have a little over $1 billion left to support Vodafone Idea, according to India Ratings & Research, a unit of Fitch Ratings. However, the India business would be required to find $5.5 billion just for interest- and spectrum-related payments until March 2022.Will Birla step into the breach?Out of the Indian group’s 26% in Vodafone Idea, about 11.6% is held by Grasim Industries Ltd., and another 2.6% is owned by Hindalco Industries Ltd. Hindalco, among the world’s largest aluminum makers, is battling weak metals demand and a complicated takeover of the U.S.-based Aleris Corp. The bulk of the burden of a telecom rescue — should there be one — would fall on Grasim. It acts as a holding company for Birla’s cement and financial services businesses, apart from directly owning factories that churn out wood-based fiber and chemicals like caustic soda used in soap and detergent.Mumbai-based Emkay Global Financial Services says that in the worst-case scenario, where the government doesn’t back down and Birla refuses to fold his telecom cards, a rescue mounted by by Grasim could cost it 187 rupees per share. If Birla refrains from throwing good money after bad, the value of everything else Grasim owns net of debt is 1,126 rupees a share, or 47% more than the current stock market price. Clearly, the overhang of the Vodafone uncertainty is playing on investor psyche. Once the U.S.-China trade war stops making global textile markets jittery, fiber prices will firm. Grasim, in investors’ view, is better off spending $2 billion on new capacities in fiber, chemicals and cement than wasting any more money trying to salvage the telecom venture.The Indian government should see the folly of effectively turning the telecom industry into a two-horse race between Reliance Jio Infocomm Ltd., controlled by Mukesh Ambani, the richest Indian, and Bharti Airtel Ltd., which, too, is staggering under a mountain of debt. As IIFL Securities put it, bankruptcy of Vodafone Idea would hurt all stakeholders. Vodafone and Birla would lose control, the government would forgo $1.7 billion in annual spectrum revenue and banks would take losses on their $4 billion-plus exposure.Such an outcome would cast a serious doubt on the ability of private entrepreneurs to flourish, especially if they — like Birla or Amazon.com Inc. boss Jeff Bezos — happen to find themselves in competition with Ambani in a tightly regulated industry. Future investors will think twice. The rift between the government and business wasn’t Modi’s creation, but to allow the mistrust to turn into a chasm would be one of his administration’s gravest mistakes.(1) See, “Aditya Vikram Birla: A Biography” by Minhaz Merchant, Penguin India, 1997To contact the author of this story: Andy Mukherjee at firstname.lastname@example.orgTo contact the editor responsible for this story: Patrick McDowell at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Could "Friends" be getting back together, if only for a one night stand? The Hollywood Reporter and Variety on Tuesday reported that preliminary talks were underway for an unscripted reunion special that would feature all six "Friends" actors and air on upcoming streaming service HBO Max, a unit of AT&T's WarnerMedia. HBO Max had no comment on the reports, which follow hints by Jennifer Aniston that something might be underway.
LITTLE ROCK, Ark., Nov. 12, 2019 /PRNewswire/ -- At AT&T1, we've invested nearly $625 million in our Arkansas wireless and wired networks during 2016-2018. AT&T's wireless network covers more than 99% of all Americans and has become the fastest wireless network in the nation, according to the second quarter 2019 results from tests taken with Speedtest® and analyzed by Ookla®. In 2018, AT&T made more than 900 wireless network upgrades in Arkansas, including new cell sites and additional network capacity.
Apple Inc. is on the verge of a coup. The technology company is in "advanced talks" with Richard Plepler, the former chairman and CEO of HBO, for Apple TV+, reported The Wall Street Journal. The move would add a marquee creative executive to Apple's stable.
Amdocs (DOX), a leading provider of software and services to communications and media companies, and AT&T* (NYSE:T), are extending their collaboration to modernize and upgrade AT&T’s digital business support systems under a multi-year managed services agreement. "5G and the cloud will lead to new business and consumer applications we haven’t even imagined yet, and developers and creators will look to us to help make those visions a reality," said Andre Fuetsch, EVP & Chief Technology Officer, AT&T. "As the ecosystem continues to expand, we need to provide a solid foundation to build on. "AT&T has always driven our industry forward, improving the way people live and work," said Shimie Hortig, group president, Americas at Amdocs.
Disney’s first day with its streaming service had its challenges with reports of glitches – and that’s not going to go unnoticed by rivals. Before the morning was out on Tuesday, the Disney+ Twitter account asked for patience and said it was “working quickly to resolve any current issues” after demand exceeded expectations. “I think all these streaming service competitors are watching and learning,” said Jeff Kagan, a wireless industry analyst, in an emailed statement.