|Bid||0.00 x 1000|
|Ask||0.00 x 1300|
|Day's Range||35.22 - 36.25|
|52 Week Range||27.01 - 38.00|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||8.92|
|Forward Dividend & Yield||0.80 (2.30%)|
|1y Target Est||78.00|
TODAY’S MOST INFLUENTIAL STRATEGIC THOUGHT-LEADERS ACROSS MEDIA, ENTERTAINMENT, AND TECHNOLOGY TO GATHER AND EXPLORE OPPORTUNITIES TO POSITIVELY IMPACT THE AFRICAN AMERICAN COMMUNI
U.S. stocks ended modestly higher Wednesday after the Federal Reserve left their benchmark interest rate unchanged at a range between 2.25% and 2.50%, but opened the door to rate cuts later this year. The S&P 500 was up 0.3% to end around 2,926. The Dow Jones Industrial Average advanced 29 points, or 0.1%, to finish near 26,504, based on preliminary numbers. The Nasdaq Composite was up 0.4% to finish around 7,987. The U.S. central bank took out the phrase "patience" from its policy statement, and said it stood ready to act appropriately if risks to the economic outlook reared their head. The Fed's interest-rate projections also showed close to half the members of the central bank's policy-making group anticipated two rate cuts this year. The 10-year Treasury note yield fell to 2.02%, its lowest since Nov. 8 2016. In company news, shares of CBS Corp. were up 1% after news reports said the media giant was readying an offer to buy Viacom Inc.
Though major production companies have threatened to boycott filming in Georgia, they continue to bring new blockbusters to the state.
Is Jerome Powell's Job in Jeopardy? Tuesday afternoon, President Donald Trump was asked about Jerome Powell and whether or not the Fed chair's job is safe. Trump told White House reporters yesterday, "Let's see what he does," ahead of the Federal Reserve decision on interest rates.
U.S. stock futures pointed to a mixed start for Wall Street on Wednesday as equity investors were hoping to get support from global central bank easing and fruitful U.S.-China trade talks. Contracts tied to the Dow Jones Industrial Average rose 2 points, futures for the S&P 500 were down 1.45 points, and Nasdaq futures slipped 2.25 points. With the Federal Reserve set to make an announcement on interest rates at 2 p.m. ET amid pressure from Donald Trump to "level the playing field" in global commerce with lower interest rates, and European Central Bank President Mario Draghi pledging to re-start the bank's €2.6 trillion bond buying program if growth and inflation continue to slow, investors have driven global stocks to multi-week highs.
shares edged higher in pre-market trading Wednesday following a report that suggested it is prepared to make a third attempt to combine with Viacom Inc. The Wall Street Journal reported yesterday that CBS has held preliminary talks with Viacom, which was split from the broadcaster by Sumner Redstone in 2005, with an aim to merger to two groups in order to allow for better leverage in negotiations with advertisers in a media landscape that values scale over content. Viacom CEO Bob Bakish is said to be in "pole position" to lead the combined group, the Journal reported, although discussions are expected to be complicated by efforts to value each group in relation to the other.
Adobe's subscription model is clearly working, and two big media companies seem to be getting closer to a remarriage.
Director and producer J.J. Abrams may be close to sealing a major television and film deal with WarnerMedia.
Nickelodeon and Imagine Kids+Family are partnering to develop the original live-action series, Untitled Space Show (working title). Untitled Space Show will be showrun and written by Daniel Knauf (Carnivàle, The Blacklist) and centers around a group of kids who mistakenly launch into space. The series marks the first project co-produced by Nickelodeon and Imagine Kids+Family.
Nick’s 1800 Square-Foot Booth Commemorates 20 Years of the Iconic Series with Immersive Experience featuring The Krusty Krab, The Chum Bucket and Mrs. Puff’s Boating School
ACTRESS STORM REID, TRAILBLAZER ESI EGGLESTON BRACEY, ENTREPRENEUR COURTNEY ADELEYE, AND TECH DEVELOPER ERIN TEAGUE TO BE HONORED AT THIS YEAR’S CEREMONY
Viacom Inc. (NASDAQ: VIAB, VIA) and Day Zero Productions today announced Haroon Saleem as President of Production for Day Zero Productions, an international production and distribution company led by Trevor Noah, host of Comedy Central's "The Daily Show with Trevor Noah." Saleem is based in Los Angeles and reports directly to Noah.
“BROTHERS” WILL DEBUT ON BET AND MTV GLOBALLY AND ON VH1’S INTERNATIONAL CHANNELS ON JULY 2ND WITH CAST INCLUDING ELIJAH KELLEY, DRAYA MICHELE, ISAIAH WASHINGTON, AND THOMAS Q. JON
Until April, Disney (NYSE:DIS) shares hadn't done much of anything for some time. In fact, the Disney stock price had been rangebound for nearly four full years. Over that period, the equity traded mostly between $100 and $120.Source: Shutterstock One of the key factors keeping a lid on DIS stock was ESPN. Fears about "cord-cutting" began to mount. Moreover, with ESPN networks receiving something like $9 per month per subscriber from cable and satellite operators, the risk to revenue and profits was obvious.Meanwhile, Disney's Cable Networks segment -- driven mostly by ESPN -- generated 46% of the company's total profit in fiscal year 2015. The importance of ESPN to overall profits, and the risks it faced created a serious issue for Disney stock, as I wrote back in 2017. And that issue clearly kept many investors on the sidelines and prevented the Disney stock price from rising.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Quality Cheap Stocks to Buy With $10 DIS stock did break out in April, when the company announced plans for its Disney+ streaming service. Disney stock gained 20% in a matter of weeks. But it has since returned to trading sideways. Even with streaming, ESPN remains an important part of the story here. And it's likely to become a point of investor focus again at some point in the future. ESPN StrugglesCable Networks operating income peaked at $6.79 billion in fiscal 2015. Since then, it has fallen steadily. Profits fell 12% in FY2016, 10% the following year, and 4% in FY2018.The news has been better this fiscal year, with just a 1% decline in the first two quarters. This includes a 2% increase in Q2. Still, the pressure has been significant: the Cable Networks segment alone has lost nearly $1.7 billion in profit over the past fourteen quarters, a 25% decline.Most of the pressure likely is coming from ESPN. The subscriber base for ESPN and ESPN2 has shed 12 million subs since FY2011. The Disney Channel has seen subscriber losses domestically but has grown its international reach by nearly 50% over that stretch. Freeform, a unit of Disney Media Networks, likely contributes a small amount of total revenue.What's worrisome, even with decent results so far this year, is that the pressure is likely to accelerate. ESPN+, the network's streaming option, is priced at just $4.99 per month: that's likely about half the company's affiliate fees from companies such as Comcast (NASDAQ:CMCSA), and DISH Network (NASDAQ:DISH). Those affiliate fees are going to be renegotiated in coming years. Furthermore, ESPN faces an uphill battle attempting to get more money out of cable companies dealing with their own subscriber issues.Advertising revenues are falling as well, along with viewership. Cable Networks ad sales dropped 6% in fiscal 2018, per the 10-K. Both revenue streams are at risk, which means ESPN profits are likely to keep declining. ESPN (Still) Matters to the Disney Stock PriceThe good news is that ESPN is less important to Disney than it used to be. While Cable Networks generated 46% of profit in fiscal 2015, three years later the figure was just 33%. With the acquisition of assets from Twenty-First Century Fox, the proportion should shrink even further.Still, ESPN probably will drive something like 20% of total earnings this year, even pro forma for Fox. And those earnings -- as even CEO Bob Iger has admitted -- are going to see pressure in coming years. Disney will increase spending for Disney+ while also losing high-dollar licensing revenue from content it's pulling back from Netflix (NASDAQ:NFLX).Continued declines at ESPN will only add further pressure to the bottom line in the meantime. And those pressures matter from a valuation standpoint. Investors are not willing to pay much for media stocks. Valuations at AMC Networks (NASDAQ:AMCX), CBS (NYSE:CBS), and Viacom (NASDAQ:VIA, NASDAQ:VIAB) confirm this point.At 21-times FY2020 earnings-per-share estimates, DIS stock isn't exactly cheap. Given that a quarter of the business probably would be valued at maybe 10-times on their own, that in turn suggests the rest of the business is dearly valued. These segments also need to generate quite a bit of growth.To be sure, the parks and studio segments probably should be highly valued: they're hugely desirable businesses (the ability of Disney's parks to take pricing is astounding). But the implied values on those businesses suggest a limit on Disney's overall multiples. This also places a recurring lid on the Disney stock price. Will DIS Stock Stay Rangebound Again?And so, it seems possible, if not likely, that DIS stock could return to its rangebound ways. Streaming optimism is dominating the story now. It likely will continue to dominate the headlines once Disney+ officially launches later this year.But from there, investor attention probably returns to some of the currently less-covered aspects of the Disney story. Unfortunately, that includes ESPN. As we saw for years, that's not a great thing for DIS stock.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Amid Streaming Optimism, ESPN Still a Major Concern for Disney Stock appeared first on InvestorPlace.
Pluto TV is expanding its free streaming television platform to Comcast’s Xfinity X1 set-top cable box.
: "No, I'd rather see you in Viacom," Jim said. In this daily bar chart of VIAB, below, we can see that prices have largely moved sideways since the beginning of the calendar year. VIAB has crossed above and below the 50-day moving average line several times.
NEW YORK, June 13, 2019 /PRNewswire/ -- Today BET Networks announces Nipsey Hussle as the recipient of the 2019 "BET Awards" Humanitarian Award. In the spirit of uplift he evoked in his community, his work as a devoted son, brother, father, partner, friend and all-around community advocate and philanthropist, musician and businessman, Nipsey will be posthumously honored with the iconic award at the 19th annual Awards show airing live in his hometown of Los Angeles, CA on Sunday, June 23rd at 8 P.M. ET. Nipsey continues to be a big part of the BET family from past BETX Staples Center concerts, performing on the BET Live Stage, to visiting the set of BET original series, BET Networks will continue to celebrate the life and work of the beloved LA native known lovingly as "Neighborhood Nip." BET Networks also commemorated and celebrated his life by broadcasting "BET REMEMBERS: NIPSEY HUSSLE", live and commercial-free coverage of Nipsey's funeral service in its entirety on BET and BET Digital.
Ahead of the highly anticipated return of Nickelodeon’s iconic All That series on Saturday, June 15, Nickelodeon and the duo behind viral pop-up phenomenon Saved by the Max are teaming up to open Good Burger, a brand-new restaurant inspired by the ‘90s fan-favorite All That sketch. The new pop up is set to open Wednesday, July 10, located at 7100 W Santa Monica Blvd (in the former home of Saved by The Max), in Los Angeles and will remain open through 2019.
The Leading Free Streaming Television Service in the U.S Debuts 100+ Live and Original Channels and Thousands of Iconic Movie and Television Titles to Xfinity X1 Customers
It was time for pocket.watch to hire a chief marketing officer. The Culver City, California-based studio that creates global franchises from YouTube stars and characters has hired Kerry Tucker as its first CMO. In the new role, Tucker will handle the company’s content and consumer products marketing strategy, brand positioning, public relations and corporate communications, and consumer experience.
REGINA HALL WILL HOST THE 19TH ANNUAL AWARDS SHOW AIRING LIVE ON SUNDAY, JUNE 23 FROM MICROSOFT THEATER IN LOS ANGELES AT 8PM ET #BETAWARDS NEW YORK , June 12, 2019 /PRNewswire/ -- Today BET Networks announces ...
Viacom Inc. announced today that on Thursday, August 8, 2019, it will issue financial results for the quarter ending June 30, 2019. The company will conduct a conference call at 8:30 a.m.