VIAB - Viacom Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
29.03
-0.49 (-1.66%)
At close: 4:00PM EDT

29.10 +0.07 (0.24%)
After hours: 4:04PM EDT

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Previous Close29.52
Open29.64
Bid29.02 x 3200
Ask29.30 x 800
Day's Range28.99 - 29.88
52 Week Range23.31 - 34.44
Volume4,705,913
Avg. Volume4,223,437
Market Cap11.96B
Beta (3Y Monthly)1.13
PE Ratio (TTM)7.25
EPS (TTM)4.00
Earnings DateMay 2, 2018 - May 7, 2018
Forward Dividend & Yield0.80 (2.71%)
Ex-Dividend Date2019-06-14
1y Target Est35.05
Trade prices are not sourced from all markets
  • Rocked by Stock Rout, ‘Hunger Games’ Studio Is Ready to Talk
    Bloomberg3 days ago

    Rocked by Stock Rout, ‘Hunger Games’ Studio Is Ready to Talk

    (Bloomberg) -- The studio that brought you “The Hunger Games,’’ “Mad Men’’ and “John Wick’’ is now facing its own existential question.Lions Gate Entertainment Corp. has lost more than half its market value over the last year as the once-idolized filmmaker struggles to find new megahits. On top of that, recent mergers have created entertainment behemoths that threaten to make smaller studios an afterthought in Hollywood’s new blockbuster environment.All that has created a new sense of urgency around the 22-year-old Lions Gate as it weighs its future: open itself to being acquired, sell off pieces, or try to bulk up to compete with the giants.“Some studios have scale and unfortunately some studios are now subscale,” said John Tinker, an analyst at Gabelli & Co. “The question is obviously, if you are a smaller studio and you do not own Marvel, what are you going to do?”Investors are worried and frustrated that management may have missed the M&A boat, said Geetha Ranganathan, a Bloomberg Intelligence analyst. “Time and options seem to be running out.”Lions Gate shares fell as much as 5.3% Monday to a seven-year low of $11.38 in New York. The company declined to comment.The studio was formed in 1997 in Vancouver by movie-loving mining financier Frank Giustra. It made its name distributing R-rated movies like “American Psycho” and, with the acquisition of Summit Entertainment in 2012, was propelled into the big leagues by the teen-vampire “Twilight” film saga. That same year it also launched the “The Hunger Games’’ franchise. (The studio announced last week there might be a prequel.)But as a smaller company, Lions Gate has long been a target of merger speculation. Companies from Metro-Goldwyn-Mayer to Sony to CBS Corp. have been linked to potential deals. Two years ago, Lions Gate walked away from talks with game-maker Hasbro Inc. involving a $41 a share offer, worth almost $9 billion, people familiar with the situation said.Today, the stock trades below $12, weighed down by two years of declining revenue in its motion picture division, and merger talks have picked up again. Lions Gate has held informal discussions in the past year with companies that may be interested in buying the whole business, people with knowledge of the situation said. But with the stock at seven-year lows, the studio isn’t interested in selling itself at the moment, people close to the situation said.A handful of other strategies are under discussion. One is to buy a stake in Miramax, the film producer formerly owned by the Weinstein brothers, one of the people said. Its current owner, BeIn Media Group, has recently sought buyers for a minority stake. Such a move would give Lions Gate access to a library of Oscar-winning movies such as “Shakespeare in Love” and, more recently, revived franchises like “Halloween.” A Miramax spokesman declined to comment.Starz SaleThe company is also considering selling the studio’s pay-cable network Starz, which contributes more than half its profits. Lions Gate last month turned down a $5 billion informal bid from CBS for Starz, but a sale remains a possibility, according to people familiar with the situation. If that happens, industry sources say, a slimmed-down Lions Gate might become more attractive to potential bidders. Others suggest the studio would be a tough sell without Starz.Meanwhile, the studio is looking to raise perhaps several hundred million dollars from investors to expand Starz internationally. That effort will be slowed down by upcoming negotiations with AT&T’s DirecTV over fees to carry the channel.At recent stock prices, Lions Gate is valued at less than the sum of its parts, according to Tim Nollen, a Macquarie Capital analyst. Shares could be worth $21 in a breakup, with a $5 billion valuation for Starz, $1.5 billion for the motion picture unit and $1 billion for the TV segment.Malone StakeFor investors such as cable magnate John Malone, who first bought shares in 2015 at around $30, it’s a rare miss. He controls about 8% of Class A shares. Hedge fund manager Mark Rachesky, Lions Gate’s chairman, is the biggest investor with a 19% Class A stake. He has owned shares since 2004 and backed the studio in fighting off a takeover by Carl Icahn in 2010.A spokeswoman for Malone did not return requests for comment. A spokeswoman for Rachesky declined to comment.Trends sweeping Hollywood will only make it more difficult for Lions Gate to remain independent. The merging of Disney and Fox’s film companies, and AT&T and Time Warner Inc., along with Comcast’s Universal Pictures, has created a trio of studios that own and produce well-known blockbuster movie franchises, such as the Marvel superhero universe and DC Comics. The result is a small group of big films increasingly dominating the box office.Netflix ProductionMoreover, buyers for Lions Gate’s typically mid-budget fare may be shrinking. Disney and WarnerMedia are investing billions in making their own shows to lure subscribers to new streaming services. Netflix Inc., too, is producing more and more of its original content in-house, a big change from the early days when Lions Gate’s “Orange Is the New Black’’ helped make the streaming channel required viewing. That trend could lessen demand for TV programs and films made by independent studios.Lions Gate has had some successes lately. “John Wick: Chapter 3--Parabellum” helped lift it to fourth in the box office this year, ahead of competitors like Viacom Inc.’s Paramount Pictures and Sony Pictures. And the studio is still finding buyers for its shows, recently selling to HBO, NBC and even streaming platforms run by WarnerMedia and Apple Inc.Jim Gianopulos, chief executive officer of one of the smaller shops, Paramount Studios, said that appealing programming will ultimately win out regardless of production size. “Scale has its virtues, but the creative process is independent of it,” Gianopulos said in an interview.But some analysts aren’t so confident.“For the longest time, people thought the studios would come out as the winners because they own the content,” Ranganathan said. But in the wake of the mergers, “You need established franchises. If you don’t have scale, you can’t compete.”(Updates with analyst’s comment in fifth paragraph.)To contact the reporters on this story: Anousha Sakoui in Los Angeles at asakoui@bloomberg.net;Nabila Ahmed in New York at nahmed54@bloomberg.netTo contact the editors responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net, ;Nick Turner at nturner7@bloomberg.net, Larry ReibsteinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CBS Inches Closer to Bidding on Viacom
    Market Realist3 days ago

    CBS Inches Closer to Bidding on Viacom

    The Wall Street Journal reports that at a recent meeting, CBS (CBS) directors discussed a potential merger with Viacom (VIAB).

  • Viacom Launching African-American Subscription Video Service
    Market Realist3 days ago

    Viacom Launching African-American Subscription Video Service

    Viacom (VIAB) seems to have quietly added itself to the roster of companies gearing up to launch subscription video services in the fall.

  • BET Networks and Tyler Perry Studios to Launch BET+
    Business Wire3 days ago

    BET Networks and Tyler Perry Studios to Launch BET+

    BET Networks, a unit of Viacom Media Networks (NASDAQ: VIAB, VIA), and Tyler Perry Studios today unveiled a new joint venture to launch BET+, a premier subscription video-on-demand service focused on the African American audience. Available to consumers this fall, BET+ will feature more than 1,000 hours of premium content including exclusive new original programming and fan-favorite series, movies, and specials from BET Networks, world-renowned creator Tyler Perry, and a host of leading African American content creators.

  • Cardi B, Beyoncé, Bruno Mars, Migos, Michael B. Jordan, BLACKKKLANSMAN And Childish Gambino Take Top Honors At 2019 "BET Awards"
    PR Newswire3 days ago

    Cardi B, Beyoncé, Bruno Mars, Migos, Michael B. Jordan, BLACKKKLANSMAN And Childish Gambino Take Top Honors At 2019 "BET Awards"

    NIPSEY HUSSLE POSTHUMOUSLY HONORED WITH HUMANITARIAN AWARD MARY J. BLIGE RECOGNIZED WITH PRESTIGIOUS LIFETIME ACHIEVEMENT AWARD AND TYLER PERRY PRESENTED WITH ULTIMATE ICON AWARD CARDI B, MARY J. BLIGE, ...

  • Business Wire7 days ago

    BET Networks and Tyler Perry Studios Announce Perry’s First Original Series, “The Oval,” to Launch the Content Creator’s Exclusive Programming for the Network

    BET Networks and Tyler Perry Studios announced today that a new original drama, “The Oval,” the first series under Perry’s exclusive, multi-year content partnership deal with Viacom (NASDAQ: VIAB, VIA) will begin principal photography this summer at Tyler Perry Studios. Starring Ed Quinn, Kron Moore, Paige Hurd and Daniel Croix Henderson, “The Oval,” will introduce viewers to the new first family moving into the White House.

  • Just Added As Performers At The 2019 "BET AWARDS"! Meek Mill, Fantasia, DaBaby, Jeremih, Kirk Franklin, Erica Campbell, Kelly Price And Jonathan McReynolds
    PR Newswire7 days ago

    Just Added As Performers At The 2019 "BET AWARDS"! Meek Mill, Fantasia, DaBaby, Jeremih, Kirk Franklin, Erica Campbell, Kelly Price And Jonathan McReynolds

    LA LA ANTHONY, AYESHA CURRY, LARENZ TATE, AMANDA SEALES, REVEREND AL SHARPTON, RYAN DESTINY, JACOB LATIMORE, RAPHAEL SAADIQ, MIKE COLTER, DAMSON IDRIS, JODIE TURNER-SMITH, MELINA MATSOUKAS ALSO ADDED AS ...

  • Company News For Jun 20, 2019
    Zacks7 days ago

    Company News For Jun 20, 2019

    Companies In The News Are: VIAB,CBS,ADBE,X,AGN,IRWD

  • Business Wire8 days ago

    BET Networks Unveils Inaugural Social Impact Conference, META Convened By BET Networks

    TODAY’S MOST INFLUENTIAL STRATEGIC THOUGHT-LEADERS ACROSS MEDIA, ENTERTAINMENT, AND TECHNOLOGY TO GATHER AND EXPLORE OPPORTUNITIES TO POSITIVELY IMPACT THE AFRICAN AMERICAN COMMUNI

  • J.J. Abrams may be near major deal with WarnerMedia
    American City Business Journals9 days ago

    J.J. Abrams may be near major deal with WarnerMedia

    Director and producer J.J. Abrams may be close to sealing a major television and film deal with WarnerMedia.

  • Business Wire9 days ago

    2019 MTV Movie & TV Awards #1 Cable Premiere of the Quarter

    TV’s #1 most social show of the night

  • Is Viacom Inc. (NASDAQ:VIAB) Trading At A 39% Discount?
    Simply Wall St.9 days ago

    Is Viacom Inc. (NASDAQ:VIAB) Trading At A 39% Discount?

    In this article we are going to estimate the intrinsic value of Viacom Inc. (NASDAQ:VIAB) by taking the expected...

  • Nickelodeon and Imagine Kids+Family Developing Original Live-Action Space Series
    Business Wire9 days ago

    Nickelodeon and Imagine Kids+Family Developing Original Live-Action Space Series

    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.

  • Business Wire9 days ago

    Nickelodeon Brings SpongeBob SquarePants’ Bikini Bottom to Life at Comic-Con International: San Diego July 18-21, 2019

    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

  • Business Wire9 days ago

    BET HER Presents the 2nd Annual BET HER Awards Hosted by Emmy Award-Winning Journalist Shaun Robinson Friday, June 21, 2019 at Milk Studios Los Angeles #BETHERAWARDS

    ACTRESS STORM REID, TRAILBLAZER ESI EGGLESTON BRACEY, ENTREPRENEUR COURTNEY ADELEYE, AND TECH DEVELOPER ERIN TEAGUE TO BE HONORED AT THIS YEAR’S CEREMONY

  • Trevor Noah’s Day Zero Productions Names Haroon Saleem President of Production
    Business Wire10 days ago

    Trevor Noah’s Day Zero Productions Names Haroon Saleem President of Production

    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.

  • Business Wire13 days ago

    TALES Returns to BET for Season 2 Featuring an Exclusive, Soon-to-Be-Released Song, “Brothers” by Kanye West Feat. Charlie Wilson, Produced by TALES Creator, Producer and Writer Irv ‘Gotti’ Lorenzo and Seven

    “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

  • Pluto TV expands free streaming network to Comcast’s Xfinity X1
    American City Business Journals14 days ago

    Pluto TV expands free streaming network to Comcast’s Xfinity X1

    Pluto TV is expanding its free streaming television platform to Comcast’s Xfinity X1 set-top cable box.

  • TheStreet.com14 days ago

    Viacom Looks Poised for an Upside Breakout - Go Long on Strength

    : "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.

  • BET Networks To Honor Grammy Nominated Rapper, Entrepreneur And Community Leader Nipsey Hussle Posthumously With The Humanitarian Award At The 2019 "BET Awards"
    PR Newswire14 days ago

    BET Networks To Honor Grammy Nominated Rapper, Entrepreneur And Community Leader Nipsey Hussle Posthumously With The Humanitarian Award At The 2019 "BET Awards"

    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.

  • Nickelodeon Orders Up All That-Inspired Good Burger Pop-up with Team Behind Viral Saved by The Max
    Business Wire14 days ago

    Nickelodeon Orders Up All That-Inspired Good Burger Pop-up with Team Behind Viral Saved by The Max

    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.

  • Business Wire14 days ago

    Pluto TV Expands Launch on Comcast Platforms; Now Available via Xfinity X1 and Xfinity Flex

    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

  • Markit14 days ago

    See what the IHS Markit Score report has to say about Viacom Inc.

    Viacom Inc NASDAQ/NGS:VIABView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for VIAB 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. ETFs that hold VIAB had net inflows of $3.47 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. VIAB 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 score@ihsmarkit.com.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.

  • Pocket.watch hires first CMO
    American City Business Journals15 days ago

    Pocket.watch hires first CMO

    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.

  • 2019 "BET Awards" To Honor Grammy Award Winning And Oscar-Nominated Actress Mary J. Blige With Prestigious Lifetime Achievement Award
    PR Newswire15 days ago

    2019 "BET Awards" To Honor Grammy Award Winning And Oscar-Nominated Actress Mary J. Blige With Prestigious Lifetime Achievement Award

    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 ...