31.67 -0.06 (-0.19%)
After hours: 5:50PM EDT
|Bid||31.50 x 900|
|Ask||31.73 x 1800|
|Day's Range||31.47 - 31.78|
|52 Week Range||23.31 - 34.44|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||7.93|
|Earnings Date||Aug 8, 2019|
|Forward Dividend & Yield||0.80 (2.52%)|
|1y Target Est||35.09|
MTV and Sean ‘Diddy’ Combs, the entertainment titan responsible for the careers of some of the world’s biggest artists, are reuniting to discover the next breakout superstars in MTV’s “Making the Band.” The reality competition TV pioneer is bringing the iconic series back to MTV by popular demand. Earlier this week, Combs set off a social media firestorm by suggesting the idea of the show’s return and the demand was too loud to resist.
Three-time NBA Champion Dwyane Wade Honored with Legend Award in Gold Slime Dousing; Grammy Award-Winning Global Superstar Ciara Performs
While many investors are focused on the negative impacts of tariffs and the U.S.-China trade war on corporate profits, they may be overlooking another sizable threat, which is rapidly rising labor costs. The median company in the S&P 500 Index (SPX) pays out 13% of its revenues in the form of employee compensation, and these costs grew by 3% in 2018, the fastest pace during the current economic expansion, which began in June 2009, Goldman Sachs reported this week. Goldman believes that stocks with lower than average labor costs as a percentage of sales are well-positioned to outperform in this environment.
BET Networks announced that Devin Griffin joins the company as General Manager, BET+. The subscription video-on-demand service focused on the African American audience, BET+, will feature more than 1,000 hours of premium content including exclusive new original programming and fan-favorite series, movies, and specials from BET Networks, world-renowned creator Tyler Perry, and a host of leading African ...
Viacom Inc NASDAQ/NGS:VIABView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for VIAB 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 | NeutralETF activity is neutral. The net inflows of $5.79 billion over the last one-month into ETFs that hold VIAB are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. VIAB credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.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.
Dubbed Pluto TV Latino, the initiative marks the first offering of its kind on a major ad-supported over-the-top platform.
One analyst that a reunited Viacom and CBS could achieve as much as a 20% lift to their combined earnings per share within two years.
Marianne Williamson made such a strong impression during the second Democratic debate on Thursday, that “SNL” star Kate McKinnon couldn’t resist turning around almost immediately and doing an impression of her. Williamson, a self-help author and social activist, only spoke for about five minutes in total on the crowded Miami stage that was largely dominated by Kamala Harris, Joe Biden and Bernie Sanders. McKinnon, who has also perfected an Elizabeth Warren impression on “SNL,” was watching the debate in the “Late Night with Seth Meyers” writing room before appearing as a guest on the Comcast-owned (CMCSA) NBC show.
Verizon Communications Inc. (VZ) may be weighing a purchase of Walt Disney Co. (DIS) to bolster its content ownership, several news stories recently speculated. There is something else Viacom and CBS have in common: National Amusements Inc., which owns nearly 80 percent of both Viacom and CBS.
(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.
Viacom (VIAB) seems to have quietly added itself to the roster of companies gearing up to launch subscription video services in the fall.
BET Networks, a unit of Viacom Media Networks (NASDAQ: VIAB, VIA), and Tyler Perry Studios today unveiled a new joint venture to launch BET+, a premier subscription video-on-demand service focused on the African American audience. Available to consumers this fall, BET+ will feature more than 1,000 hours of premium content including exclusive new original programming and fan-favorite series, movies, and specials from BET Networks, world-renowned creator Tyler Perry, and a host of leading African American content creators.
NIPSEY HUSSLE POSTHUMOUSLY HONORED WITH HUMANITARIAN AWARD MARY J. BLIGE RECOGNIZED WITH PRESTIGIOUS LIFETIME ACHIEVEMENT AWARD AND TYLER PERRY PRESENTED WITH ULTIMATE ICON AWARD CARDI B, MARY J. BLIGE, ...
BET Networks and Tyler Perry Studios announced today that a new original drama, “The Oval,” the first series under Perry’s exclusive, multi-year content partnership deal with Viacom (NASDAQ: VIAB, VIA) will begin principal photography this summer at Tyler Perry Studios. Starring Ed Quinn, Kron Moore, Paige Hurd and Daniel Croix Henderson, “The Oval,” will introduce viewers to the new first family moving into the White House.
LA LA ANTHONY, AYESHA CURRY, LARENZ TATE, AMANDA SEALES, REVEREND AL SHARPTON, RYAN DESTINY, JACOB LATIMORE, RAPHAEL SAADIQ, MIKE COLTER, DAMSON IDRIS, JODIE TURNER-SMITH, MELINA MATSOUKAS ALSO ADDED AS ...
TODAY’S MOST INFLUENTIAL STRATEGIC THOUGHT-LEADERS ACROSS MEDIA, ENTERTAINMENT, AND TECHNOLOGY TO GATHER AND EXPLORE OPPORTUNITIES TO POSITIVELY IMPACT THE AFRICAN AMERICAN COMMUNI
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.
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.