113.37 +0.60 (0.53%)
Pre-Market: 8:49AM EDT
|Bid||113.34 x 900|
|Ask||113.46 x 1800|
|Day's Range||111.70 - 113.14|
|52 Week Range||96.80 - 117.90|
|PE Ratio (TTM)||14.24|
|Earnings Date||Nov 7, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||1.68 (1.51%)|
|1y Target Est||119.03|
Live from the floor of the New York Stock Exchange, Matthew Cheslock joins Yahoo Finance's Dion Rabouin to break down the latest market moves.
Bouffant rocker Jon Bon Jovi could have been singing about Brian Roberts, not blue-collar Americans. Mr Roberts’ difficulty is that Fox, underbidder in the auction run by the UK Takeover Panel, already has 39 per cent of Sky. Comcast needs just over 50 per cent of all Sky’s shares to gain control.
It’s been seven years since Comcast (CMCSA) took full ownership of NBCUniversal by buying General Electric’s (GE) 51.0% stake in the business. The deal’s approval came with a set of conditions, including the requirement that Comcast must relinquish management rights in Hulu, the online video business it co-owns alongside Walt Disney (DIS), 21st Century Fox (FOXA)(FOX), and AT&T (T).
Is Disney's ESPN+ Setting Stage for Direct-to-Consumer Success? As of September 24, of the 25 analysts that cover Disney (DIS) stock, 12 gave it a “buy” rating, while an equal number of analysts provided a “hold” recommendation. The company’s closing price was $110.4 on the same date.
since winning the right to buy the broadcaster in a in three round auction that topped rivals Walt Disney Co. Comcast, which has until October 11 to convince Sky shareholders to accept its winning £17.28 per share bid, which topped the best-and-final offer of £15.67 from Disney/Fox and valued the group at £30.6 billion ($40.2 billion), said Tuesday that it has purchased just under 516 million Sky shares in the open market, taking their holding past 30% and triggering a mandatory move to buy at least 50%, plus one share, of the London-based broadcaster. Comcast shares were marked around 1% higher in pre-market trading, following a 6% slump on Monday, to indicate an opening bell price of $35.98 each.
Disney's ESPN+ was a major step in direct-to-consumer streaming, but there is still no way to watch ESPN (the channel) live without pay TV. Will that ever happen? If it does, what will it mean to streaming pay TV?
Comcast (CMCSA.O), the victor in the $40 billion (£30.5 billion) auction for Sky (SKYB.L), said on Tuesday it had bought more than 30 percent of the European pay-TV group's shares in the market. Crossing the 30 percent threshold means that the U.S. cable company must offer to buy out other investors at the formal offer price of 17.28 pounds per share, valuing Sky at around 30.6 billion pounds. Shares in Comcast, owner of Universal Pictures and NBC network, fell on Monday on concerns about how much the company had paid to clinch the deal.
Robert Greenblatt, the longtime chairman of Comcast Corp.’s NBC Entertainment unit, is resigning. Mr. Greenblatt led a revival of NBC’s prime-time lineup with shows such as the drama “This Is Us” and the comedy “The Good Place.” Mr. Greenblatt told NBCUniversal Chief Executive Steve Burke that after eight seasons in the job, he was ready for a new challenge. “I really do believe it’s time for me to move on,” Mr. Greenblatt said in an interview.
Shares of Comcast Corp. fell Monday after the cable company won a bid over the weekend to gain control of European pay-TV giant Sky PLC. Comcast’s offer of £17.28 ($22.59) a share surpassed 21st Century Fox Inc.’s highest bid of £15.67 a share after three rounds of bidding Saturday, in a rare auction held by British regulators. Comcast’s winning bid, valued at $38.8 billion, was up 40.1% above its initial bid of £12.50 a share in February and Fox’s initial £10.75-a-share bid in December 2016.
ANAHEIM, Calif.—Six decades after Walt Disney built his first theme park here on a plot of orange groves, Disneyland and the city it calls home are at each other’s throats. Tapping public animus toward corporate subsidies, Anaheim politicians are questioning the wisdom of granting Walt Disney Co. hundreds of millions of dollars in tax breaks to support expansion. “It’s as if somehow we should feel fortunate that Walt Disney chose Anaheim,” said city council member Jose Moreno, who was elected in 2016 as part of what locals call the first “anti-Disney” majority.
Moody's came out with a note Monday morning stating that Disney's "loss" in the bidding for British broadcaster Sky was credit positive. "A win of Sky would have been all debt-financed and therefore would have added even more leverage after the Fox acquisition is considered," wrote Neil Begley, Moody's Senior Vice President and lead media analyst.
Is Disney's ESPN+ Setting Stage for Direct-to-Consumer Success? The growing demand for video streaming services in the US has led to a decline in video subscribers for most cable and satellite operators. To counter these threats, the leading media giant has launched its new DTC (direct-to-consumer) service.
Comcast Corp. may have won the bidding war for British television company Sky, but it lost two bullish Wall Street analysts in the process.
Comcast (NASDAQ:CMCSA) outbit Disney/Fox (NYSE:DIS) for the rest of Sky plc, Randgold (NYSE:GOLD) and is being bought by Barrick Gold (NYSE:ABX), Sirius XM Holdings (NASDAQ:SIRI) acquired Pandora (NYSE:P) for $3.5 billion and that’s not all of the weekend deals, surprisingly. Let’s look at our top stock trades to get a better idea, although we won’t look at all of these deals.
U.S. stocks ended lower Monday, and the Dow Jones Industrial Average halted a four-session winning run, as tensions over the U.S. and China's trade fight sapped appetite for assets considered risky. The Dow fell about 180 points (on a preliminary basis) to 26,562, booking its first close without also logging an all-time high since Thursday. Shares of Apple Inc. and Walt Disney Co. helped to lift the blue-chip gauge but those gains were more than offset by declines in Home Depot Inc. and Boeing Co. , which delivered the biggest drag on the gauge. The S&P 500 index , meanwhile, gave up 0.4% at 2,919, while the Nasdaq Composite Index eked out a slight gain, up less than 0.1% at 7,993, supported by the advance in Apple and shares of Microsoft Corp. . On Monday, Chinese officials called off planned negotiations on trade with the U.S. and fired back against the administration of President Donald Trump, accusing it of "trade bullyism." A set of reciprocal tariffs on U.S. and Chinese imports were set to be imposed on Monday, underlining escalating tensions between the global economic superpowers. The energy sector was a bright spot on the day as crude-oil prices surged after major energy producers over the weekend declined to commit to increasing crude output to address expected supply disruptions at a closely watched producer meeting. Global benchmark oil, Brent oil , finished at a nearly four-year high on Monday, while the U.S. counterpart, West Texas Intermediate crude , closed at the highest level in about two months, bolstering the energy sector . In corporate news, a number of deals were in focus, including a deal by Sirius XM Holdings Inc. to purchase streaming-music company Pandora Media Inc. in a acquisition valued at $3.5 billion. Separately, Randgold Resources Ltd. and Barrick Gold Corp. said they planned on merging in an all-share deal that will create an $18.3 billion gold-mining giant.
A new round of trade war news pressured Monday's open, while mergers news, rising oil prices and clinical trial results drove some early leaders.
That funding would go toward both international and domestic marketing efforts to help grow visitation even more.
ORLANDO, Fla. (AP) — Ticket prices at Walt Disney World will vary based on the date picked with a new online planning tool debuting next month.
Is Disney's ESPN+ Setting Stage for Direct-to-Consumer Success? Disney’s (DIS) plan to boost its video streaming service with the launch of its new ESPN+ app in April 2018 seems to be in good shape. In the span of five months, it has gained more than one million subscribers.
21st Century Fox (NASDAQ:FOX) looks like a loser today, but as Bob Dylan wrote many years ago, the loser now is later to win. Comcast’s (NASDAQ:CMCSA) victory over Fox in the battle for Sky (OTCMKTS:SKYYY) will cost it $39 billion, and the company hopes to complete that deal in October. This is compounded by the fact Disney owns 39% of Sky through Fox stock, making it harder for Comcast to win a majority vote of Sky stockholders to approve the deal. Add in Sky (Fox owns roughly 40% of Sky, which is $15 billion), and the result values Fox, in cash and Disney stock, at about $86 billion, minus the debt Disney inherited from Fox.
Shares of Disney (DIS) and Netflix (NFLX) surged Monday for completely different reasons. Yet their climbs highlight how important the streaming industry is and helps set up what will likely be years of comparison between the two media powers.
The facility, to be built near Orlando over multiple phases with room for future development, will create 120 jobs.