|Bid||43.59 x 4000|
|Ask||43.60 x 3000|
|Day's Range||42.73 - 43.80|
|52 Week Range||32.61 - 47.27|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||16.15|
|Earnings Date||Jan 23, 2020|
|Forward Dividend & Yield||0.84 (1.95%)|
|1y Target Est||51.36|
‘Home Alone’ will be revived for Disney’s streaming service Disney+ and will star ‘JoJo Rabbit’ breakout star Archie Yates, but OG fans are still not impressed as criticism mounts around Hollywood's recent reboot craze. Yahoo Finance's Alexandra Canal breaks it down. Zack Guzman & Emily McCormick, along with former 'Bachelorette' star Jason Tartick join in on the conversation.
Universal Orlando Resort has kept under wraps what's in play for its new Epic Universe theme park, but that hasn't stopped fans from seeking out any small details they can find. The latest nugget comes from fan site The Coaster Kings, which reported potential construction plans for what possibly could be the area of the rumored Super Nintendo World at Universal Orlando's next theme park. "It’s no surprise that this is the first section of Epic Universe to go into permitting — these new plans are remarkably similar to the plans filed back in 2017 — they appear to have just been rotated roughly 180-degree clockwise and slightly modified to fit within the layout of the new park," said the site.
At CES 2020, the massive consumer electronics show running Jan. 7-10 in Las Vegas, new streaming services from NBCUniversal, Quibi and WarnerMedia are likely to make headlines.
News broke late Thursday afternoon that Steve Burke plans to step down from the top job at NBCUniversal next year, immediately sparking speculation on who will take his place. Burke's contract as CEO of the studio and senior executive vice president at parent company Comcast Corp. is up in August 2020, but he may leave before then, according to reports. The news follows an executive shakeup at NBCUniversal in January that suggested who might take Burke's place.
Universal Orlando Resort plans to build a new world headquarters for its Universal Creative segment next to its future Epic Universe theme park in Orlando — meaning the entire group of team members who design the parks will be right next door. The new HQ, slated for completion by the end of 2021, would house 300 Universal Creative team members and allow for the creation of another 150 jobs.
Three months after ditching the traditional ratings system, NBCUniversal is shaking up the way it provides advertisers with information. The Comcast Corp. (Nasdaq: CMCSA) subsidiary has confirmed a partnership with TVSquared, a New York-based company that tracks how audiences respond to advertising. The move is an attempt on the part of NBC to track not just how many viewers watch a commercial, but what they do afterwards.
Comcast Corporation will host a conference call with the financial community to discuss financial results for the fourth quarter and full year 2019 on Thursday, January 23, 2020 at 8:30 a.m. Eastern Time (ET). Comcast will issue a press release reporting its results earlier that morning.
Universal Parks & Resorts may be looking into new ways to spread the magic of its Harry Potter brand around its parks. A new patent, dubbed "System and Method for tracking a passive Wand and Actuating an Effect Based on a Detected Wand Path," was published in late November and appears to look more into how technology can assist ancillary activities and experiences often used to help control traffic at theme parks. Here’s more from the patent: There's been activities similar to this installed at Universal's Harry Potter plans that allows guests to use interactive wands to bring certain pieces of the environment to life — such as making a feather behind a glass levitate.
The Federal Communications Commission voted Thursday 5-0 to advance a plan to split a spectrum block set aside for auto safety to accommodate the rapidly growing number of wireless devices. A block of the 5.9 GHz spectrum band was reserved in 1999 for automakers to develop technology to allow vehicles to talk to each other, but it has so far gone largely unused. Some automakers and the U.S. Transportation Department oppose the proposal to shift a little more than half of the block to wi-fi use, saying the spectrum should be used to address the more than 6 million car crashes annually that kill more than 37,000 people on U.S. roads.
Xfinity Communities announced that tens of thousands of properties nationwide are embracing its holistic solutions approach to MDU property technology
Digital sports provider DAZN Group has won the German rights to broadcast European soccer Champions League matches for the 2021/22 season, the Bild daily reported on Thursday, along with Amazon.com, a blow to Comcast's Sky. Bild reported that DAZN had won the rights to all other matches.
Disney+ downloads passed 22 million on mobile devices, the independently owned app-tracking company Apptopia announced Tuesday.
Comcast announced a partnership NuEyes to bring the Xfinity Stream entertainment experience to visually impaired customers.
Amazon (AMZN) strengthens competitive position in the video streaming market with broadcasting rights of European soccer Champions League matches in Germany.
(Bloomberg Opinion) -- T-Mobile US Inc. and Sprint Corp. are in court dueling with a group of state attorneys general over whether their merger will be harmful to consumers, even though it shouldn’t even be a debate. In what possible scenario would removing a low-cost rival from an already highly concentrated industry not have a negative effect on competition?The wireless carriers are contorting themselves into a pretzel trying to make the illogical argument that their merger will instead benefit customers — and somehow it’s working. Antitrust authorities appointed by President Donald Trump accepted this rationale with a straight face: The U.S. Federal Communications Commission, led by Ajit Pai, and the antitrust division of the Department of Justice, led by Makan Delrahim, each gave its blessing to the deal in recent months on the condition that the two companies make some painless concessions. Now, in a last line of legal defense and an unusual turn for such transactions, the matter is being tried in a case brought by plaintiffs Letitia James of New York and 13 other attorneys general. They are arguing that the remedies don’t go far enough to address the antitrust violations. They don’t, and yet there’s no telling which way this trial will go. Competition between T-Mobile and Sprint during the last few years resulted in lower plan prices for wireless customers, even putting pressure on industry leaders Verizon Communications Inc. and AT&T Inc. It’s how unlimited data offerings came about. Without Sprint in the mix, this healthy competitive spirit is diminished. No acrobatics of economic modeling can camouflage this fact, and still the facts are in dispute. How very 2019.Text messages from 2017 between Roger Sole, Sprint’s head of marketing, and its then-CEO Marcelo Claure (who is now executive chairman) were revealed on Monday, the first day of the trial. As the two companies were negotiating the deal, Sole wrote to Claure that the combined entity could generate $5 more from each subscriber per month, and that the consolidation would even provide a boon to AT&T and Verizon. Sole may have been just spit-balling, and the state attorneys have a stronger case than to put too much stock in some gotcha private texts. Still, the conversation strongly suggests that greater pricing power was absolutely a motivation for the transaction, and it’s naive of anyone to think otherwise. T-Mobile and Sprint have agreed not to raise prices for three years, which is the blink of an eye in the business world and further demonstrates that the company’s goal is to eventually do so. Three years also conveniently brings the company to the point at which there may be little room left for cost-cutting, and so it will need to look to other ways to boost growth and margins. That’s if there aren’t loopholes in the agreement that it can exploit sooner. As well-liked as the gregarious T-Mobile CEO John Legere is — and as admirable as his track record is in fostering industry innovation — his personal promise that the company won’t take advantage of newfound pricing power should carry little weight. He won’t even be there to see it through. There are other business benefits beyond the ability to raise prices. For one, Sprint is a financially challenged company with a tarnished brand that is struggling to compete against its larger rivals. Selling to T-Mobile, which is on far healthier footing, would be good news for frustrated shareholders, such as Masayoshi Son of SoftBank Group Corp., the Japanese conglomerate that controls Sprint. The companies would also get to combine their spectrum assets and join forces on building a nationwide 5G wireless network.The U.S. needs to be competitive in 5G, but waving the American flag and trying to put the fear of China into regulators isn’t a legitimate defense against antitrust enforcement. Plus, it’s hard to see how blocking the merger would set the nation back — both companies are investing in 5G regardless. As for the notion that T-Mobile is preserving competition by rescuing Sprint before it potentially goes belly-up, it just doesn’t hold water because other bidders are probably out there. While companies like Comcast Corp. and Charter Communications Inc. may be seen as the Big Bad Cable Guys, either one owning Sprint would still maintain a four-carrier market, whereas T-Mobile’s deal wouldn’t.One of the remedies sought by the DOJ was to allow satellite-TV provider Dish Network Corp. access to the T-Mobile network while Dish builds its own. But Dish is a long, long ways from ever replacing Sprint. The DOJ’s lax stance on this deal would also seem to contradict the concerns it recently raised about anti-competitive business practices in the tech world, where immense market power is wielded by so few players.In the book “The Myth of Capitalism: Monopolies and the Death of Competition,” Jonathan Tepper and Denise Hearn make the case that the U.S. has an oligopoly problem — that is, industries have become too concentrated to the detriment of consumers and workers, in large thanks to anti-competitive mergers. My colleague John Authers, who runs the Bloomberg book club, and I will be discussing this with the authors in a live chat on Wednesday at 11 a.m. New York time. It’s a timely conversation as the T-Mobile-Sprint situation plays out. Terminal subscribers can join us at TLIV and send comments or questions to firstname.lastname@example.org.There’s more to come in the trials and tribulations of Sprint’s unending quest to merge with T-Mobile. But whatever headlines emerge from the courtroom, this fact won’t change: A merger means market power will be concentrated in fewer hands.To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
As the streaming market grows more crowded, Comcast's CFO suggested that the cable giant is considering a different strategy than Netflix and others.
TELUS (TU) showcases its call-authentication technology for Canadian Radio-television and Telecommunications Commission and Federal Communications Commission to thwart robocalls.
Comcast is planning to spend $2 billion over the next two years on content and marketing for its streaming service, Peacock, according to the Wall Street Journal. Yahoo Finance's Seana Smith and Ines Ferre discuss.
NBC's Peacock streaming service will be available in the spring, and parent company Comcast says it's planning to invest $2 billion in original content in the first two years, which is far less than other OTT platforms are spending.