|Bid||0.00 x 800|
|Ask||120.00 x 800|
|Day's Range||111.23 - 113.27|
|52 Week Range||96.89 - 118.10|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||14.22|
|Earnings Date||Nov 8, 2018|
|Forward Dividend & Yield||1.68 (1.51%)|
|1y Target Est||119.13|
"Tia Mowry's Quick Fix" is a lifestyle show with more than 1.1 million followers on Facebook. It's part of a slate of original programming from Kin, which is building a business by bringing TV stars to digital platforms. Singers and reality TV celebrities are getting their own programs.
The direct-to-consumer online streaming space is getting crowded, and WarnerMedia said this past week that it plans its own offering.
Disney has offered to pay holders of $18.1 billion of Fox debt a small fee in exchange for their giving up bondholder protections known as covenants, according to research service Covenant Review. The group of noteholders, represented by corporate debt trade group Credit Roundtable, is working with investment bank Houlihan Lokey to help advise it, said David Knutson, a buyside analyst who is a co-leader of the advisory board to the Credit Roundtable. The group’s biggest objection is being unable to trade the bonds until the Disney acquisition closes, he added.
The mash-up of old and new media may not be a winning combination for the new S&P communication services sector index (.SPLRCL) as its highest fliers face regulatory threats and challenges to user growth. The reconstituted sector, which debuted at the end of September, includes telecom, internet, media and entertainment companies such as AT&T Inc (T.N), Walt Disney Co (DIS.N) and Twitter Inc (TWTR.N). Three of the five momentum stocks collectively known as FAANGs - Facebook Inc (FB.O), Netflix Inc (NFLX.O) and Google parent company Alphabet Inc (GOOGL.O) - make up roughly half of the new sector by market capitalisation.
The donation will support disaster response and recovery efforts through the Florida Disaster Fund managed by the Volunteer Florida Foundation.
Recent stories on Netflix, Amazon, Hulu and other streaming services reported by The Business Journals and elsewhere.
Throughout most of 2018, it has seemed like corporate earnings reports have been the only thing keeping the stock market from disaster. Each successive earnings calendar has shown better news, allowing stocks to rally amid the chaos. Markets were rattled this week, with the Nasdaq Composite dropping 4% on Wednesday, and broad indices declining again on Thursday.
Viacom (VIA) (VIAB) is exploring a different path from those of many of its peers struggling with the loss of pay-TV customers because of cord-cutting. Instead of battling the technology companies rattling the traditional media industry, Viacom has chosen to work with them. For example, last month, the company announced a deal to produce exclusive Nickelodeon series for Netflix (NFLX), the company that popularized online video streaming and ended up putting legacy media companies in a tight spot with the loss of pay-TV subscribers.
Netflix’s (NFLX) Domestic Revenue segment, which contributes ~51.0% to its overall revenues, has generated double-digit growth in the trailing five quarters. The company expects its third-quarter domestic revenues to reach ~$1.9 billion, reflecting nearly 24.8% YoY (year-over-year) growth.
In June, the Walt Disney Company (DIS) agreed to buy entertainment assets of Rupert Murdoch’s Twenty-First Century Fox (FOXA) for $71.3 billion. After the sale of a 39% stake in Sky to Comcast (CMCSA), Disney remains on track to purchase Fox’s film and TV studio assets, as well as FX, Fox Sports Regional Networks, Fox Networks Group, stakes in National Geographic Partners, Indian satellite TV group Star India, Hulu, and others.
Disney has announced that it is planning to release a live-action adaptation next May of its animated classic Aladdin, the ancient tale of the penniless market boy who, with a little help from a certain genie in a lamp, marries the headstrong Princess Jasmine. The remake, shot in London and on location in Jordan, is directed by Guy Ritchie and stars Will Smith as the Genie, Mena Massoud as Aladdin and Naomi Scott as Princess Jasmine, Disney said.
A month ago, CBS Corporation (CBS) decided to reconfigure its board of directors after its CEO and board chair, Leslie Moonves, stepped down. The changes added several experts in mergers and acquisitions to the board, sparking talks about whether CBS was building a foundation for a deal. In the months leading up the ouster of Moonves over sexual misconduct allegations, the Redstone family tried to merge CBS with its sister company Viacom (VIA).
The Walt Disney Company today announced it is contributing $1 million to aid in relief efforts across Florida’s Gulf Coast region and other areas impacted by Hurricane Michael. The donation will support disaster response and recovery efforts through the Florida Disaster Fund managed by the Volunteer Florida Foundation. “The families and communities impacted by this devastating hurricane need our help as they begin to rebuild,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company.
What's Next for Tech Stocks after Wednesday’s Sell-Off? Apple (AAPL) stock fell 4.6% on Wednesday and closed at $216.36 as part of the significant sell-off in the tech sector. The stock gained for five consecutive days after the Federal Reserve increased the interest rate on September 26.
Roku's stock has been on fire since its September 2017 IPO. Yahoo Finance talks with Roku's founder Anthony Wood about his future plans for the streaming content giant.
The chief executive officer of Los Angeles-based HopSkipDrive -- a kind of Uber for kids -- told attendees at Walt Disney Co.’s annual showcase of young companies in its business accelerator program on Wednesday that getting children to football practice is a huge challenge for parents. If the kids make it to practice, she explained, they’re more likely follow the sport and watch it on networks like Disney’s ESPN. “Chances are better they’ll develop a lifelong love of the game,” McFarland said.
The Walt Disney Company (DIS) is on track to reduce the overall cost of acquiring the majority of 21st Century Fox’s (FOX) operations. Fox and Disney have agreed to sell the 39% stake that Fox holds in British broadcaster Sky.
You may think you’ve never heard of IAC/InteractiveCorp (NASDAQ:IAC), but you have. IAC is a major integrated online player for media and internet services that owns properties that hit almost every demographic trend and every revenue generating possibility out there. Instead of trying to get you to understand IAC corporate, it may help if you understand what properties it owns.
League and broadcast executives had to be thinking “here we go again” as the NFL kicked off its season with a lightning delay that ensured low ratings for its opening game. A moribund preseason had registered a double-digit viewership drop, and after regular-season viewership had dropped 18 percent over the last two seasons, the NFL Kickoff game between the Eagles and the Falcons posted viewer numbers that were down 13 percent compared to the previous year. When that game was followed by a taunting tweet from President Donald Trump, sports executives steeled themselves for another tough season on the ratings front where they, again, would have to answer questions about the NFL’s long-term health prospects.
A new future awaits 21st Century Fox (FOX) after it closes the pending sale of most of its operations to the Walt Disney Company (DIS). First, the company will simply go by the name “Fox” after the transaction closes.
The Universal film, 'First Man,' has landed at theaters across the U.S. With some controversy surrounding it and top performing films like 'A Star is Born' dominating box office sales, can it succeed? Yahoo Finance's Seana Smith, Dion Rabouin, Pras Subramanian and Brian Sozzi discuss.