|Bid||0.00 x 1400|
|Ask||95.00 x 2200|
|Day's Range||93.75 - 94.44|
|52 Week Range||85.88 - 103.90|
|PE Ratio (TTM)||14.19|
|Forward Dividend & Yield||1.61 (1.70%)|
|1y Target Est||N/A|
The National Football League, Major League Baseball, The National Basketball Association and The National Hockey League have an extensive wish list for state regulators that are crafting sports betting regulations including "integrity fees" and data licensing deals. Lawmakers in six states have introduced sports gambling bills with integrity fees though leagues failed to include them in a recently passed law in West Virginia. Politicians may be reluctant to grant a new favor to leagues on top of taxpayer funding of stadiums, antitrust exemptions and countless other special considerations the industry already enjoys.
Recent stories on Netflix, Amazon, Hulu and other streaming services reported by The Business Journals and elsewhere.
Yes, it is essentially half of what Rogue One: A Star Wars Story made ($29m) in its Thursday previews and a heck of a lot less than Force Awakens ($57m) and Last Jedi ($45m) earned in their Thursday preview grosses. If Solo: A Star Wars Story is merely playing like an MCU sequel, then this $15 million figure is fine and dandy. The last several non-Avengers MCU movies have earned, give or take, around 12.5% of their Fri-Sun opening weekend grosses via Thursday previews.
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.
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.
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.
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.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 33 years ago, Quantum Computer Sciences was founded in Delaware. Where The ...
Deadpool 2 earned around $8 million on Wednesday, a drop of 35% from Tuesday which brings its six-day total to $157m. The Ryan Reynolds sequel should end its first week with around $167m domestic before hoping for a $60m Fri-Mon holiday frame and $227m 11-day total. This film's performance will be very useful for comparison when Jurassic World: Fallen Kingdom opens in North America.
Comcast (CMCSA) has been investing in enhancing its network capacity, improving its investments in line extensions, and improving its spending on infrastructure and theme parks. As expected by Comcast’s management, its capex fell 5% to $2.0 billion in the first quarter due to a lower level of capex on CPE (customer premises equipment).
Netflix’s (NFLX) original programming seems to be leaving the likes of HBO (TWX), Amazon (AMZN), and Hulu in the dust. According to new research by Morgan Stanley published in Variety, 39% of respondents said that Netflix had the “best original programming” among all subscription services compared to 33% last year. Morgan Stanley’s survey polled 3,100 American adults over the age of 18.
Hedge fund managers are supposed to be some of the best stock-pickers in the world. While that hasn’t necessarily been true for the past several years (hedge fund returns have been choppy during that stretch while the market has simply roared higher), hedge fund managers seem to be getting their groove back in 2018. The hedge fund world’s favorite stock is tech giant Facebook, Inc. (NASDAQ:FB).
Just last week, I wrote a piece on why the S&P 500 could rally big this summer, and which summer stocks to buy to maximize return in that rally. This combination of historically normal valuation and historically above-normal earnings growth has the S&P 500 trading at a PEG (price-to-earnings/growth) ratio of just 1.
The streaming service has hired two new vice presidents to help evolve and drive Hulu’s overall marketing strategy.
Netflix may have unparalleled value, but HBO Creative Consultant Frank Rich says HBO has Netflix beat as far as quality of content and transparency for creators.
AT&T (T) plans to get its Mexico unit out of the red this year, but its priority is also closing its pending acquisition of Time Warner (TWX). The court’s decision on whether AT&T can close the acquisition is expected by June 12. The United States Department of Justice (or DOJ) filed a lawsuit to block AT&T from acquiring Time Warner, saying a merger of the two companies would hurt consumers through higher pay-TV prices or limited television choices.
On April 25, Comcast (CMCSA) reported impressive first-quarter results, delivering better-than-expected earnings and revenue. The media and cable giant has exceeded earnings expectations for the past five consecutive quarters. Comcast reported adjusted EPS (earnings per share) of $0.62 in the first quarter.
On April 29, T-Mobile (TMUS) announced its merger with peer telecom (telecommunications) company Sprint (S), where 0.103 shares of T-Mobile will be given for each Sprint share (or 9.75 shares of Sprint for each share of T-Mobile). Following the merger, T-Mobile’s parent company, Deutsche Telekom, and Sprint’s parent, SoftBank, are expected to hold ~41.7% and ~27.4%, respectively, of the combined company, with the remainder scheduled to be held by the public.
Five months after ending their merger discussions, T-Mobile (TMUS) and Sprint (S) have again decided to come together. On April 29, T-Mobile announced an all-stock offer for Sprint shareholders that would give Sprint an implied enterprise value of $59.0 billion. The proposed merger between the third- and the fourth-largest companies in the wireless space marks the third attempt by the companies to form a telecom (telecommunications) giant enough to compete with top players Verizon (VZ) and AT&T (T) in the industry.
At least, in this case, Wade Wilson would approve of the sarcasm. Anyway, Deadpool 2 just snagged an opening day that is bigger (sans inflation) than Green Lantern's entire opening weekend ($53.1m in 2011). In this case, Deadpool 2 broke the records set both by Deadpool and It among R-rated giants.
Thursday, May 24: NFL owners ban kneeling during national anthem, Trump considers auto import tariffs, Uber shares financial data. Yahoo Finance’s Dan Roberts serves the big stories.
The landmark decision means that New Jersey and other states, on a state-by-state basis, can choose to legalize sports betting within their own state. It is a decision that the NBA opposed, because even though NBA Commissioner Adam Silver has advocated for legalized sports betting, the leagues want it legalized at the federal level, rather than state-by-state, which is likely to result in a messy legal landscape for the time being. (The NBA reiterated in a statement after the ruling, "We remain in favor of a federal framework that would provide a uniform approach to sports gambling in states that choose to permit it.") Nonetheless, count Atlanta Hawks majority owner Tony Ressler in the camp of owners happy with the ruling.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.