|Bid||36.60 x 800|
|Ask||36.79 x 1100|
|Day's Range||36.64 - 37.00|
|52 Week Range||27.01 - 38.35|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||9.89|
|Forward Dividend & Yield||0.80 (2.47%)|
|1y Target Est||N/A|
For at least the last two to three years, markets speculated that Viacom management would come to its senses and merge with CBS. Viacom did not provide any details to the renewal but the markets rewarded the stock that day anyhow.
Inside Media Companies' Transformation Efforts: DISCA, VIAB, CBS(Continued from Prior Part)Viacom averted potential revenue loss of $1.0 billionThe talks to combine CBS (CBS) and Viacom (VIAB) (VIA) could restart any time. The New York Post reported
Inside Media Companies' Transformation Efforts: DISCA, VIAB, CBS(Continued from Prior Part)Another opportunity for Viacom to extend content reachViacom (VIAB) and T-Mobile (TMUS) this month announced a content distribution agreement where Viacom
Until there is clarity over the future of the two companies it seems unlikely that a permanent replacement for ousted CBS CEO Les Moonves will get named.
Yes, it has had troubles. But the company owns most of its own content and two of the top 10 streaming services on the market by number of subscribers, analyst Daniel Kurnos says.
Ignoring the trend toward less or no hardware, T-Mobile is introducing TVision, a cookbook-size box that must be plugged into home broadband connections. The $100-a-month, in-home TV package will be offered in eight cities, starting with 150 channels, including local broadcasts and regional sports networks. Some streaming apps like Netflix and Amazon Prime Video will be loaded on the device, though they’ll require separate subscriptions.
Viacom Inc NASDAQ/NGS:VIAView full report here! Summary * Perception of the company's creditworthiness is positive and improving * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for VIA 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 $369 million over the last one-month into ETFs that hold VIA 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, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator with a strengthening bias over the past 1-month. VIA credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.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.
Nearly a thousand episodes of BBC Studios series, totaling more than 700 hours of programming, will stream across Pluto TV’s channel lineup and on-demand.
Viacom Inc. and AT&T Inc. have reached a deal that will keep Comedy Central, MTV, Nickelodeon and other channels on AT&T's DirecTV service, the LA Times and other media reported Monday. The deal came after days of tense negotiation and after the previous contract had expired, said the paper. As the nation's biggest pay-TV distributor, AT&T was demanding a cut in the carriage fees charged by Viacom. AT&T provides TV service to 24.5 million homes in the U.S. Terms of the new deal were not disclosed. Viacom shares rose 5% in premarket trade, while AT&T shares were up 0.3%.
A week after merger rumors between Viacom and CBS surfaced again, RBC Capital Markets analyst Steven Cahall thinks investors should own both stocks.
Media company and pay-television operator Viacom last week announced a deal that averted a blackout of the company's channels. Viacom rose 2% to $29.86 in trading Friday. Viacom is a holding in Jim Cramer's Action Alerts PLUS charitable trust.
The chances for a Viacom Inc. (NASDAQ: VIAB ) merger with CBS Corporation (NYSE: CBS ) now look pretty good, accorindg to RBC Capital Markets . The Analyst RBC’s Steven Cahall upgraded Viacom from Sector ...
The studios brought star power, live music and four full movies to the annual movie theater convention.
Viacom channels are coming to T-Mobile cellular consumers. The Bellevue, Washington-based wireless (NASDAQ: TMUS) company said Wednesday that its Layer3 TV service reached a “significant content distribution agreement” with Viacom, according to The Wall Street Journal. New York-based Viacom (NASDAQ: VIA) is the owner of cable channels MTV, Nickelodeon and Comedy Central.
Shares of Roku Inc. are down 2.7% in Thursday morning trading after Guggenheim's Michael Morris downgraded the stock to neutral from buy and lowered his price target to $72 from $77. "We believe that the Apple video product unveiled on March 25 represents an additional risk to Roku's active user base (even as the platform includes The Roku Channel) while Amazon's and Viacom's greater pushes into advertising video on demand (AVOD) are increasing competition," Morris wrote. "CFO Steve Louden's sale of 100,000 shares (representing his non-option share holdings) subsequent to our note on [March 6, when Morris raised his target to $77] has also shaken our confidence." He still sees strong secular tailwinds for the company as streaming continues to gain steam but argues that expectations for growth in active accounts and advertising revenue are already in the consensus forecast. Morris also upgraded Facebook Inc. shares to buy from neutral in a Thursday note. Roku's stock has shot up 103% over the past three months, while the S&P 500 has risen 13%.
Time Warner unit, which owns assets such as HBO, TBS, TNT and DC Comics, might also be big enough to be competitive. While these firms undoubtedly have valuable content assets, brands and intellectual property, their content bases aren't large enough to deliver direct-to-consumer (D2C) streaming services that can convince a large percentage of consumers to add another monthly bill to their credit cards. In the absence of such scale, it makes sense for smaller players to either merge or to sell to someone bigger, just as Fox Networks has sold itself to Disney and Viacom and CBS have explored a deal.
While the company has never set a formal deadline, the failure to name a CEO after almost six months of searching suggests the company hasn't found the right candidate and is waiting for more clarity on M&A. Joe Ianniello has been filling this role on an interim basis since September after Les Moonves resigned amid sexual misconduct allegations. No announcement is imminent either, according to a people familiar with the matter, who asked not to be named because the search process is private.
As the world moves to a new media landscape, the stock price of one old media stalwart that looks well-positioned to make the transition appears too low, Morgan Stanley said Wednesday in an update on CBS ...
Viacom stock is up Wednesday, following a deal with T-Mobile to include its channels on a new wireless TV service.
Theagreement will allow T-Mobile to offer live, linear feeds of the Viacomchannels as well as on-demand viewing
said Wednesday that the pair had reached a "major" content agreement that would see channels such as MTV, Nickelodeon and Comedy Central to be carried on mobile phones on the country's third largest wireless network. Viacom and T-Mobile said the deal will given both live linear feeds, as well as a broad range of on-demand content, to the carrier's 80 million customers.
Viacom is a “cornerstone launch partner,” T-Mobile said in a statement Wednesday. The third-largest U.S. mobile service has been planning for more than a year to start what it calls a “disruptive TV service,” the launch of which was delayed from last year due to the project’s complexity. “T-Mobile is on a mission to give consumers a better way to watch what they want, when they want,” T-Mobile Chief Executive Officer John Legere said in the statement.