VIA - Viacom Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
34.20
-0.64 (-1.84%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close34.84
Open35.04
Bid33.25 x 800
Ask35.31 x 1300
Day's Range34.11 - 35.04
52 Week Range27.01 - 38.00
Volume29,807
Avg. Volume37,268
Market Cap11.938B
Beta (3Y Monthly)1.18
PE Ratio (TTM)8.55
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.80 (2.30%)
Ex-Dividend Date2019-06-14
1y Target EstN/A
Trade prices are not sourced from all markets
  • Who Wins and Who Loses If CBS and Viacom Merge?
    Motley Fool1 hour ago

    Who Wins and Who Loses If CBS and Viacom Merge?

    An increasingly likely merger could shake up the streaming world.

  • Rocked by Stock Rout, ‘Hunger Games’ Studio Is Ready to Talk
    Bloomberg3 days ago

    Rocked by Stock Rout, ‘Hunger Games’ Studio Is Ready to Talk

    (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 asakoui@bloomberg.net;Nabila Ahmed in New York at nahmed54@bloomberg.netTo contact the editors responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net, ;Nick Turner at nturner7@bloomberg.net, Larry ReibsteinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Comedian Jason Jones: This career is 'a marathon'
    Yahoo Finance4 days ago

    Comedian Jason Jones: This career is 'a marathon'

    Comedian Jason Jones looks back at how patience and hard work got him to where he is today.

  • Samantha Bee and Jason Jones: The case for mixing business with pleasure
    Yahoo Finance6 days ago

    Samantha Bee and Jason Jones: The case for mixing business with pleasure

    Jason Jones and Samantha Bee created the TBS comedy series The Detour, which just started its fourth season this week.

  • MarketWatch8 days ago

    Stocks end higher after Fed bolsters rate-cut hopes

    U.S. stocks ended modestly higher Wednesday after the Federal Reserve left their benchmark interest rate unchanged at a range between 2.25% and 2.50%, but opened the door to rate cuts later this year. The S&P 500 was up 0.3% to end around 2,926. The Dow Jones Industrial Average advanced 29 points, or 0.1%, to finish near 26,504, based on preliminary numbers. The Nasdaq Composite was up 0.4% to finish around 7,987. The U.S. central bank took out the phrase "patience" from its policy statement, and said it stood ready to act appropriately if risks to the economic outlook reared their head. The Fed's interest-rate projections also showed close to half the members of the central bank's policy-making group anticipated two rate cuts this year. The 10-year Treasury note yield fell to 2.02%, its lowest since Nov. 8 2016. In company news, shares of CBS Corp. were up 1% after news reports said the media giant was readying an offer to buy Viacom Inc.

  • Despite Georgia boycott cloud, Paramount starts work on 'Coming to America' sequel
    American City Business Journals8 days ago

    Despite Georgia boycott cloud, Paramount starts work on 'Coming to America' sequel

    Though major production companies have threatened to boycott filming in Georgia, they continue to bring new blockbusters to the state.

  • TheStreet.com8 days ago

    Fed Up? Jim Cramer on Jerome Powell's Future, Adobe, and CBS/Viacom

    Is Jerome Powell's Job in Jeopardy? Tuesday afternoon, President Donald Trump was asked about Jerome Powell and whether or not the Fed chair's job is safe. Trump told White House reporters yesterday, "Let's see what he does," ahead of the Federal Reserve decision on interest rates.

  • TheStreet.com8 days ago

    Jerome Powell and the Fed, Adobe, Viacom, U.S. Steel - 5 Things You Must Know

    U.S. stock futures pointed to a mixed start for Wall Street on Wednesday as equity investors were hoping to get support from global central bank easing and fruitful U.S.-China trade talks. Contracts tied to the Dow Jones Industrial Average rose 2 points, futures for the S&P 500 were down 1.45 points, and Nasdaq futures slipped 2.25 points. With the Federal Reserve set to make an announcement on interest rates at 2 p.m. ET amid pressure from Donald Trump to "level the playing field" in global commerce with lower interest rates, and European Central Bank President Mario Draghi pledging to re-start the bank's €2.6 trillion bond buying program if growth and inflation continue to slow, investors have driven global stocks to multi-week highs.

  • TheStreet.com8 days ago

    CBS and Viacom Shares Edge Higher on Renewed Merger Talk Reports

    shares edged higher in pre-market trading Wednesday following a report that suggested it is prepared to make a third attempt to combine with Viacom Inc. The Wall Street Journal reported yesterday that CBS has held preliminary talks with Viacom, which was split from the broadcaster by Sumner Redstone in 2005, with an aim to merger to two groups in order to allow for better leverage in negotiations with advertisers in a media landscape that values scale over content. Viacom CEO Bob Bakish is said to be in "pole position" to lead the combined group, the Journal reported, although discussions are expected to be complicated by efforts to value each group in relation to the other.

  • After Hours: Adobe Beats on Cloud Performance, CBS Reportedly Making a New Play for Viacom
    Motley Fool8 days ago

    After Hours: Adobe Beats on Cloud Performance, CBS Reportedly Making a New Play for Viacom

    Adobe's subscription model is clearly working, and two big media companies seem to be getting closer to a remarriage.

  • J.J. Abrams may be near major deal with WarnerMedia
    American City Business Journals9 days ago

    J.J. Abrams may be near major deal with WarnerMedia

    Director and producer J.J. Abrams may be close to sealing a major television and film deal with WarnerMedia.

  • GuruFocus.com10 days ago

    Mario Gabelli Comments on Viacom Inc.

    Guru stock highlight

  • GuruFocus.com13 days ago

    Mario Gabelli's 1st Quarter Value 25 Fund Commentary

    Discussion of markets and holdings

  • Amid Streaming Optimism, ESPN Still a Major Concern for Disney Stock
    InvestorPlace13 days ago

    Amid Streaming Optimism, ESPN Still a Major Concern for Disney Stock

    Until April, Disney (NYSE:DIS) shares hadn't done much of anything for some time. In fact, the Disney stock price had been rangebound for nearly four full years. Over that period, the equity traded mostly between $100 and $120.Source: Shutterstock One of the key factors keeping a lid on DIS stock was ESPN. Fears about "cord-cutting" began to mount. Moreover, with ESPN networks receiving something like $9 per month per subscriber from cable and satellite operators, the risk to revenue and profits was obvious.Meanwhile, Disney's Cable Networks segment -- driven mostly by ESPN -- generated 46% of the company's total profit in fiscal year 2015. The importance of ESPN to overall profits, and the risks it faced created a serious issue for Disney stock, as I wrote back in 2017. And that issue clearly kept many investors on the sidelines and prevented the Disney stock price from rising.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Quality Cheap Stocks to Buy With $10 DIS stock did break out in April, when the company announced plans for its Disney+ streaming service. Disney stock gained 20% in a matter of weeks. But it has since returned to trading sideways. Even with streaming, ESPN remains an important part of the story here. And it's likely to become a point of investor focus again at some point in the future. ESPN StrugglesCable Networks operating income peaked at $6.79 billion in fiscal 2015. Since then, it has fallen steadily. Profits fell 12% in FY2016, 10% the following year, and 4% in FY2018.The news has been better this fiscal year, with just a 1% decline in the first two quarters. This includes a 2% increase in Q2. Still, the pressure has been significant: the Cable Networks segment alone has lost nearly $1.7 billion in profit over the past fourteen quarters, a 25% decline.Most of the pressure likely is coming from ESPN. The subscriber base for ESPN and ESPN2 has shed 12 million subs since FY2011. The Disney Channel has seen subscriber losses domestically but has grown its international reach by nearly 50% over that stretch. Freeform, a unit of Disney Media Networks, likely contributes a small amount of total revenue.What's worrisome, even with decent results so far this year, is that the pressure is likely to accelerate. ESPN+, the network's streaming option, is priced at just $4.99 per month: that's likely about half the company's affiliate fees from companies such as Comcast (NASDAQ:CMCSA), and DISH Network (NASDAQ:DISH). Those affiliate fees are going to be renegotiated in coming years. Furthermore, ESPN faces an uphill battle attempting to get more money out of cable companies dealing with their own subscriber issues.Advertising revenues are falling as well, along with viewership. Cable Networks ad sales dropped 6% in fiscal 2018, per the 10-K. Both revenue streams are at risk, which means ESPN profits are likely to keep declining. ESPN (Still) Matters to the Disney Stock PriceThe good news is that ESPN is less important to Disney than it used to be. While Cable Networks generated 46% of profit in fiscal 2015, three years later the figure was just 33%. With the acquisition of assets from Twenty-First Century Fox, the proportion should shrink even further.Still, ESPN probably will drive something like 20% of total earnings this year, even pro forma for Fox. And those earnings -- as even CEO Bob Iger has admitted -- are going to see pressure in coming years. Disney will increase spending for Disney+ while also losing high-dollar licensing revenue from content it's pulling back from Netflix (NASDAQ:NFLX).Continued declines at ESPN will only add further pressure to the bottom line in the meantime. And those pressures matter from a valuation standpoint. Investors are not willing to pay much for media stocks. Valuations at AMC Networks (NASDAQ:AMCX), CBS (NYSE:CBS), and Viacom (NASDAQ:VIA, NASDAQ:VIAB) confirm this point.At 21-times FY2020 earnings-per-share estimates, DIS stock isn't exactly cheap. Given that a quarter of the business probably would be valued at maybe 10-times on their own, that in turn suggests the rest of the business is dearly valued. These segments also need to generate quite a bit of growth.To be sure, the parks and studio segments probably should be highly valued: they're hugely desirable businesses (the ability of Disney's parks to take pricing is astounding). But the implied values on those businesses suggest a limit on Disney's overall multiples. This also places a recurring lid on the Disney stock price. Will DIS Stock Stay Rangebound Again?And so, it seems possible, if not likely, that DIS stock could return to its rangebound ways. Streaming optimism is dominating the story now. It likely will continue to dominate the headlines once Disney+ officially launches later this year.But from there, investor attention probably returns to some of the currently less-covered aspects of the Disney story. Unfortunately, that includes ESPN. As we saw for years, that's not a great thing for DIS stock.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Amid Streaming Optimism, ESPN Still a Major Concern for Disney Stock appeared first on InvestorPlace.

  • Pluto TV expands free streaming network to Comcast’s Xfinity X1
    American City Business Journals14 days ago

    Pluto TV expands free streaming network to Comcast’s Xfinity X1

    Pluto TV is expanding its free streaming television platform to Comcast’s Xfinity X1 set-top cable box.

  • TheStreet.com14 days ago

    Viacom Looks Poised for an Upside Breakout - Go Long on Strength

    : "No, I'd rather see you in Viacom," Jim said. In this daily bar chart of VIAB, below, we can see that prices have largely moved sideways since the beginning of the calendar year. VIAB has crossed above and below the 50-day moving average line several times.

  • Pocket.watch hires first CMO
    American City Business Journals15 days ago

    Pocket.watch hires first CMO

    It was time for pocket.watch to hire a chief marketing officer. The Culver City, California-based studio that creates global franchises from YouTube stars and characters has hired Kerry Tucker as its first CMO. In the new role, Tucker will handle the company’s content and consumer products marketing strategy, brand positioning, public relations and corporate communications, and consumer experience.

  • Jon Stewart berates Congress for empty chairs at hearing for 9/11 first responders
    MarketWatch16 days ago

    Jon Stewart berates Congress for empty chairs at hearing for 9/11 first responders

    Comedian Jon Stewart blasts Congress at a Tuesday hearing on reauthorizing the September 11th Victim Compensation Fund.

  • Benzinga17 days ago

    Report: Viacom Will Stream BET Network

    Viacom, Inc. (NASDAQ: VIAB ) could be the latest company to enter the streaming war space, sources close to the matter told The Wall Street Journal . What Happened Viacom could launch its BET network at ...

  • Markit17 days ago

    See what the IHS Markit Score report has to say about Viacom Inc.

    Viacom Inc NASDAQ/NGS:VIAView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for VIA with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding VIA are favorable, with net inflows of $1.25 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. VIA credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Market Exclusive17 days ago

    Market Morning: Hong Kong Nerves, Airless Tires, Aerospace Mergers and Brexit Theats

    Hong Kong Unites Against Beijing The Million Man March in Hong Kong doesn’t look like it’s causing the country’s “Chief Executive”, Carrie Lam (that’s what they call their political leader over there), who is widely considered a Beijing plant, to budge on an extradition bill to China. As far as Lam is concerned, “This bill […]The post Market Morning: Hong Kong Nerves, Airless Tires, Aerospace Mergers and Brexit Theats appeared first on Market Exclusive.

  • Why CBS Would Want to Buy Lionsgate’s Starz Network
    Market Realist20 days ago

    Why CBS Would Want to Buy Lionsgate’s Starz Network

    A Look at the Viacom-CBS Deal and Dish's Ray of Hope(Continued from Prior Part)CBS made a $5.0 billion bid for StarzAs merger talks between CBS (CBS) and its sister company Viacom (VIAB) are expected to resume this month, it’s also important to

  • Counterprogramming pays off at weekend box office
    American City Business Journals24 days ago

    Counterprogramming pays off at weekend box office

    “Godzilla: King of the Monsters” is king of the box office too, but his reign is weakening. This year’s “Godzilla” sequel made up some lost ground overseas with an estimated $130 million from 75 markets, outpacing both of its predecessors, though neither the first “Godzilla” nor “Kong” opened day-and-date in China and Japan, the second and third most biggest moviegoing markets in the world. “King of the Monsters” roared to $70 million from China alone.

  • ‘Godzilla: King of the Monsters’ expected to lead weekend box office
    MarketWatch26 days ago

    ‘Godzilla: King of the Monsters’ expected to lead weekend box office

    The box office is expected to enjoy a strong performance this weekend, as three new releases pull in cinemagoers, while the live-action “Aladdin” continues to draw family audiences.