CMCSA - Comcast Corporation
| Previous Close | 43.18 |
| Open | 43.63 |
| Bid | 0.00 x 3100 |
| Ask | 0.00 x 4000 |
| Day's Range | 43.61 - 44.13 |
| 52 Week Range | 32.61 - 45.30 |
| Volume | 9,507,863 |
| Avg. Volume | 18,309,917 |
| Market Cap | 199.98B |
| Beta (3Y Monthly) | 1.02 |
| PE Ratio (TTM) | 16.81 |
| EPS (TTM) | 2.62 |
| Earnings Date | Oct 23, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | 0.84 (1.95%) |
| Ex-Dividend Date | 2019-10-01 |
| 1y Target Est | 49.26 |
- Yahoo Finance Video
How ViacomCBS will compete with Disney, Netflix and Comcast
Viacom and CBS agreed to merge to create a new media company called ViacomCBS led by Viacom CEO Bob Bakish. Media & Tech Analyst Richard Greenfield joins Yahoo Finance's The First Trade to break down what it will mean for the streaming industry.
- Bloomberg
Apple Targets Apple TV+ Launch in November, Weighs $9.99 Price After Free Trial
(Bloomberg) -- Apple Inc. plans to roll out the Apple TV+ movie and TV subscription service by November, part of a drive to reach $50 billion in service sales by 2020. The company will introduce a small selection of shows and then expand its catalog more frequently over several months, people familiar with the matter said. A free trial is likely as Apple builds up its library, said the people, who asked not to be identified because the plans aren’t public.The iPhone maker is entering an increasingly crowded field, led by streaming pioneer Netflix Inc. and Amazon.com Inc. In the coming months, Walt Disney Co., AT&T Inc. and Comcast Corp.’s NBCUniversal will debut new offerings -- all targeted at the growing ranks of viewers who are canceling cable-TV subscriptions or watching on mobile devices.With its first foray into video subscriptions, Apple is weighing different release strategies for shows. The company is considering offering the first three episodes of some programs, followed by weekly installments, the people said. Netflix tends to release whole seasons at once for bingeing, while AT&T’s HBO and Disney’s Hulu often release episodes weekly. The service will launch globally in over 150 countries. Apple TV+ will be one of five major digital subscription services in Apple’s portfolio, along with Apple Music, the upcoming Apple Arcade gaming service, Apple News+ and iCloud storage subscriptions. The company also generates recurring revenue from products like AppleCare extended customer service and its bank-operated iPhone upgrade program. It will also likely start pulling in revenue from the Apple Card, which began rolling out earlier this month. An Apple spokesman declined to comment.Apple hasn’t announced pricing for Apple TV+, but is weighing $9.99 a month, the people said, which would match Apple Music and Apple News+. Netflix and Amazon Prime charge as little as $8.99, while Disney+ plans to seek $6.99 when its service debuts in November.The Financial Times reported on Tuesday that Apple has set aside $6 billion for original shows and movies, without saying where it got the information. The budget for the first year of content was $1 billion, but has since expanded, it said. That’s far less than what Netflix is expected to spend this year. Analysts forecast it will lay out more than $14 billion on films and TV shows.Revenue DriveApple is pushing into services to generate added revenue from its large base of iPhone, iPad, Mac and Apple Watch users. Consumers have been slower to replace hardware recently due to higher prices, market saturation, economic headwinds and a lack of new, breakthrough features. Read More: Apple Faces Life After IPhone But Still Banks on the IPhoneThe company could head off a revenue slowdown by coaxing users to subscribe to the new services. Cupertino, California-based Apple could also potentially boost revenue by tying services to the iPhone upgrade program, which lets customers update to new models annually via monthly payment plans.Apple’s initial slate of shows will include “The Morning Show,” Steven Spielberg’s “Amazing Stories,” “See” with Jason Momoa, “Truth Be Told” with Octavia Spencer, and a documentary series about extravagant houses called “Home.” On Monday, the company released the second trailer for “The Morning Show,” starring Jennifer Aniston, Reese Witherspoon and Steve Carell. The TV service will be part of Apple’s TV app, which comes installed on the company’s devices, and will also be accessible from third-party products, like Roku and Amazon Fire TV boxes, and Samsung televisions.In the fiscal third quarter, services represented a record 21% of Apple’s sales, while the iPhone continued to dip below 50% of the total.Analysts have suggested Apple TV+ could top 100 million subscribers in the next half-decade, which would make it a major challenger to Netflix and Amazon.The company is making a big commitment to video, including around $300 million alone to two seasons of “The Morning Show,” according to people familiar with the matter.(Updates with budget details in 8th paragraph.)\--With assistance from Nate Lanxon.To contact the reporters on this story: Mark Gurman in San Francisco at mgurman1@bloomberg.net;Anousha Sakoui in Los Angeles at asakoui@bloomberg.net;Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Thomas PfeifferFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Motley Fool
Does Netflix Have a Pricing Problem?
Its second quarter subscriber numbers disappointed, and cheaper competitors are coming.
- American City Business Journals
Why Universal’s No. 1 weekend only underscores Disney’s dominance
“Good Boys” outpaced expectations with an estimated $21 million domestic opening, pushing Universal over $1 billion dollars in North American ticket sales.
- American City Business Journals
Here's how Universal wants to make sure you don't get sick on its rides
Theme parks have been looking into ways to improve ride efficiency — especially for rides that use devices such as 3-D glasses or more.
Motley FoolHulu Is Rapidly Becoming a Force in Pay-TV
The Disney-controlled streaming service added 300,000 live television subscribers last quarter as its competitors lost customers.
- Motley Fool
Here's Why Losing "Friends" and "The Office" Won't Matter to Netflix in the Long Run
Much has been made about the loss of two of its most popular shows, but over time, losses such as these will become less important.
- Motley Fool
Disney World's New $299 Trick Is Brilliant but Risky
The new Mickey's Not-So-Scary Halloween Party Pass seems like a no-brainer way to boost theme-park revenue, but it could also be a lose-lose offering. It would be bad if it fails, but potentially even worse if it succeeds.
- American City Business Journals
ITC will review judge's ruling Comcast violated a TiVo patent
Comcast and TiVo’s long patent fight continues to play out before the International Trade Commission as it said Thursday it will review a judge's previous determination Comcast violated one of three patents. The ruling comes after an administrative law judge ruled in June that Comcast (NASDAQ: CMCSA) violated one out of three patents TiVo, through its Rovi Corp. subsidiary, claims the Philadelphia-based company violated. The judge found Comcast did not violate the other two, and the commission will not review those. TiVo (NASDAQ: TIVO) has been fighting Comcast over alleged patent violations for the past two years.
- American City Business Journals
Universal's Halloween Horror Nights to debut new show this year
Universal Orlando Resort's annual fright fest is getting a little fancy this year with a new water show. This year's Halloween Horror Nights, which runs Sept. 6-Nov. 2, will debut a new attraction for guests called "Halloween Marathon of Mayhem." The new show will use the Universal Studios lagoon as a set highlighting all the various themes featured as haunted houses this year. Here's more from Universal on the new show: This year, Universal is debuting 10 new haunted houses, five scare zones and multiple other attractions.
- Motley Fool
It's Never Too Early for Halloween at Disney World
Mickey's Not-So-Scary Halloween Party kicks off at Disney World in Florida, even as Halloween itself is still two-and-a-half months away.
- American City Business Journals
Cover story: Exploring Universal Orlando's new Epic Universe
A new universe has originated in the theme park world, thanks to Universal Orlando Resort. The theme park giant — owned and operated by Philadelphia-based cable giant, Comcast Corp. (Nasdaq: CMCSA) — on Aug. 1 announced its plans to develop a fourth Florida theme park, also known in the industry as a “gate,” on more than 750 acres it owns off of Universal Boulevard, south of Sand Lake Road in southwest Orlando. The new resort, dubbed Universal’s Epic Universe, is the first theme park construction project Orlando has seen on this scale since the opening of Universal’s Islands of Adventure theme park in 1999.
- American City Business Journals
ACC Network coming to Charter-Spectrum but still no word on Dish, Cox
Disney and Charter have agreed on a distribution deal to carry the ACC Network, but there's still coverage gaps in Atlanta.
- Benzinga
Q2 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios
The latest round of 13F filings from institutional investors were out this week, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways ...
- Market Realist
How Could the Viacom-CBS Merger Affect Netflix?
This week, Viacom (VIAB) and CBS (CBS) agreed to merge to form a new media entity, ViacomCBS. That merger could affect Netflix in several ways. With their merger, Viacom and CBS aim to become a major player in the video streaming market. Viacom CEO Bob Bakish, who is set to lead ViacomCBS, said in an […]
- American City Business Journals
Time to scream: Universal Orlando's Halloween Horror Nights' frightening line-up
Grab your teddy bears and blankies, because Universal Orlando Resort has revealed its 10-house line-up and more for this year's Halloween Horror Nights. This year, Universal is debuting 10 new haunted houses, five scare zones and multiple other attractions. Universal Orlando Resort, which owns Universal Studios Florida and Islands of Adventure theme parks and Volcano Bay water park, welcomed more than 20 million visitors through its turnstile last year.
- Zacks
Is Comcast (CMCSA) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Yahoo Finance
Wall St. analyst says WWE is his top pick, expects shares to climb 49%
Guggenheim believes that WWE is a good bet for investors as 2019 comes to a close.
- Market Realist
Salto Seeks to Loosen Netflix’s Grip on French Market
In an effort to challenge Netflix, France Télévisions, TF1, and M6 plan to launch a subscription video service called Salto as early as Q1 2020.
- American City Business Journals
Comcast's NBC closes gap in coverage of male, female Olympic athletes
University of Delaware's James Angelini has been studying NBC's Olympic coverage for the past 15 years.
- Market Realist
Comcast Stock’s Growth Prospects and Valuation
Comcast (CMCSA) stock is trading at 13.84x its fiscal 2019 estimated EPS of $3.07. It’s also trading at 12.47x its fiscal 2020 estimated EPS of $3.40.
- Bloomberg
CBS and Viacom Are Near a Deal After Agreeing on Price
(Bloomberg) -- CBS Corp. and Viacom Inc. may be done keeping investors waiting.The media giants are expected to announce a merger as soon as Tuesday, the culmination of years of on-again, off-again discussions.They’ve agreed on an exchange ratio of 0.59625 a share of CBS for each of Viacom’s for the all-stock merger, according to people familiar with the situation. At this level, a deal would peg Viacom at around its current market value of close to $12 billion. The agreement struck between the companies is in principle and won’t be final until it’s announced, the people said.The companies have been negotiating around the clock since the weekend and the timing of an announcement could still change, according to the people. The current trading ratio between the two companies is around 0.59, based on their stock prices as of the close on Monday.CBS shares gained 0.8% to $48.41 as of 9:40 a.m. in New York on Tuesday, while Viacom rose 0.3% to $28.62. The last time the companies were in merger discussions, more than a year ago, Viacom directors had agreed to take 0.6135 of a CBS share for every nonvoting share of their business, people with knowledge said at the time.The companies now expect about $500 million of annual cost savings from the deal after Viacom took about $300 million in costs out of its business, one of the people said. The two sides, using the code names “Comet” and “Venus,” had earlier expected to save at least $1 billion by combining.Shari Redstone, whose family investment vehicle National Amusements Inc. controls both companies, would become chairman of the combined entity, the people said. Viacom Chief Executive Officer Bob Bakish, meanwhile, is set to lead the company as CEO, according to the people. He would also get a seat on the board.The deal would unite the most-watched U.S. broadcast network with the owner of the Paramount movie studio and cable channels such as MTV and Nickelodeon. It would also cap years of failed merger attempts and board infighting at both companies.Greater ScaleThe companies are likely to highlight how greater scale will help them negotiate with third parties, MoffettNathanson analysts said in a note to clients on Friday.“CBS’s and Paramount’s production asset will quickly move up the ranks to challenge the big boys of Disney, Comcast, AT&T and Netflix, and will be an attractive home for creative talent,” they said.CBS would receive six seats on the 13-member board, while Viacom would get four, the people said. Another two would be designated to NAI, they said, with Redstone and family attorney Robert Klieger slated for those roles.Strauss Zelnick, the video-game executive who is the interim CBS chairman, has stated that he’s not interested in an ongoing role. The Information reported on the likely board composition last week.Viacom had a market value of about $11.7 billion as of Monday’s close.2006 SplitCBS and Viacom, both based in New York, were one entity until 2006, when the Redstone family decided investors would give them greater value as separate companies. That strategy didn’t work as well as expected, and there’s been sporadic efforts to recombine them in recent years.CBS has been weighing its next moves since the ouster of longtime CEO Les Moonves last year. He was fired in September after a dozen women accused him of sexual misconduct, setting off a shake-up that included a board overhaul. Joe Ianniello, formerly chief operating officer, has been running the company as interim CEO ever since.(Updates shares in fifth paragraph)\--With assistance from Jeff Green and Gerry Smith.To contact the reporters on this story: Nabila Ahmed in New York at nahmed54@bloomberg.net;Ed Hammond in New York at ehammond12@bloomberg.net;Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Nick Turner, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Investing.com
Comcast Rises 3%
Investing.com - Comcast (NASDAQ:CMCSA) rose by 3.34% to trade at $43.88 by 09:48 (13:48 GMT) on Tuesday on the NASDAQ exchange.
- Bloomberg
CBS and Viacom Work Through Night to Hammer Out Deal
(Bloomberg) -- CBS Corp. and Viacom Inc. are keeping investors waiting.The media giants were expected to announce a merger as soon as Monday, the culmination of years of on-again, off-again discussions. But the negotiations have dragged on, setting the stage for another day of anticipation.The two sides have been working out the terms for an all-stock merger of companies worth a combined $30 billion. They’ve discussed 0.595 to 0.6 of a share of CBS for each of Viacom’s, though that range could change, according to people familiar with the situation. At this level, a deal would value Viacom at around its current level -- in other words, Viacom investors wouldn’t get the kind of premium they might have liked.Those terms, first reported by the Wall Street Journal, sent shares of Viacom down 4.9% to $28.53 on Monday. That was the steepest intraday decline in almost five months. CBS, meanwhile, dipped 1.8% to $48.04.The companies held a marathon negotiating session late into the night Sunday, according to the people, without reaching a resolution. The current trading ratio between the two companies is around 0.59, based on their stock prices on Monday in New York.The last time the companies were in merger discussions, more than a year ago, Viacom directors had agreed to take 0.6135 of a CBS share for every nonvoting share of their business, people with knowledge said at the time.The companies now expect about $500 million of annual cost savings from the deal after Viacom took about $300 million in costs out of its business, one of the people said. The two sides, using the code names “Comet” and “Venus,” had earlier expected to save at least $1 billion by combining.Shari Redstone, whose family investment vehicle National Amusements Inc. controls both companies, would become chairman of the combined entity, the people said. Viacom Chief Executive Officer Bob Bakish, meanwhile, is set to lead the company as CEO, according to the people. He would also get a seat on the board.The deal would unite the most-watched U.S. broadcast network with the owner of the Paramount movie studio and cable channels such as MTV and Nickelodeon. It would also cap years of failed merger attempts and board infighting at both companies.Greater ScaleThe companies are likely to highlight how greater scale will help them negotiate with third parties, MoffettNathanson analysts said in a note to clients on Friday.“CBS’s and Paramount’s production asset will quickly move up the ranks to challenge the big boys of Disney, Comcast, AT&T and Netflix, and will be an attractive home for creative talent,” they said.CBS would receive six seats on the 13-member board, while Viacom would get four, the people said. Another two would be designated to NAI, they said, with Redstone and family attorney Robert Klieger slated for those roles.Strauss Zelnick, the video-game executive who is the interim CBS chairman, has stated that he’s not interested in an ongoing role. The Information reported on the likely board composition last week.Viacom had a market value of about $11.7 billion as of Monday’s close.2006 SplitCBS and Viacom, both based in New York, were one entity until 2006, when the Redstone family decided investors would give them greater value as separate companies. That strategy didn’t work as well as expected, and there’s been sporadic efforts to recombine them in recent years.CBS has been weighing its next moves since the ouster of longtime CEO Les Moonves last year. He was fired in September after a dozen women accused him of sexual misconduct, setting off a shake-up that included a board overhaul. Joe Ianniello, formerly chief operating officer, has been running the company as interim CEO ever since.\--With assistance from Jeff Green and Gerry Smith.To contact the reporters on this story: Nabila Ahmed in New York at nahmed54@bloomberg.net;Ed Hammond in New York at ehammond12@bloomberg.net;Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Nick TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- American City Business Journals
5 new wide releases can’t take down ‘Hobbs & Shaw’ at weekend box office
The action-adventure starring Dwayne Johnson and Jason Statham has now grossed more than $108 million domestically and $224 million internationally for a global total of $333 million for Universal, a division of Comcast Corp. (NASDAQ: CMCSA), with its Chinese release date still to come. Distributed by Lions Gate Entertainment Corp. (NYSE: LGF.A, LGF.B) for CBS Films, the $28 million production produced one of the biggest openings for CBS but also will be one of the label’s last titles as it will fold into CBS Entertainment Group this year to focus on creating content for the company’s streaming service. In the meantime, the PG-13 “Scary Stories,” produced by Guillermo del Toro, earned an 81 percent “fresh” average from critics on Rotten Tomatoes but a C grade from CinemaScore from an audience that was 57 percent female and 54 percent age 25 and up — not unusual for the horror genre.
