|Day's Range||0.4200 - 1.4200|
‘Hamilton’ is continuing to soar following its Disney+ debut with 80% of users tuning in to watch the Broadway phenomenon, according to research complied by 7Park Data.
Comcast (NASDAQ: CMCSA) is about 10 times as large as Roku (NASDAQ: ROKU) in terms of market cap. CNBC (owned by NBCUniversal) reported yesterday that NBCUniversal has been unable to finalize a distribution deal with Roku or Amazon.com for Peacock, which launches on July 15.
The communications and media conglomerate fell hard as a result of the COVID-19 crisis and headwinds in cable TV.
The following are the top stories on the New York Times business pages. - The number of new state unemployment claims in the U.S. dipped last week, but job losses continue to batter the economy as rising coronavirus cases pushed some regions of the country to reverse course and reimpose shutdown orders on businesses. - A battle of the hedge funds is brewing in the bankruptcy auction of the McClatchy Co, one of the United States' largest and most decorated newspaper chains, pitting Chatham Asset Management and Brigade Capital Management, both debt holders in the chain, against a newcomer to the proceedings, Alden Global Capital.
Yahoo Finance's Alexandra Canal joins Zack Guzman to discuss the surge in streaming and at-home entertainment amid the coronavirus.
Every investor in Comcast Corporation (NASDAQ:CMCS.A) should be aware of the most powerful shareholder groups...
As the global economy tries to mount a recovery from the adverse effects created by the coronavirus pandemic, now might be a good time to take a moment to consider the "great redundancy crisis." Mobility has matured, cloud computing services are prolific, and cybersecurity support for a dispersed workforce has advanced considerably.
ViacomCBS (VIAC) adds 40 iconic and award-winning CBS and Comedy Central shows to Pluto TV to attract news users to its free ad-supported streaming service.
Verizon (NYSE: VZ) recently announced a new promotion offering its higher-tier FiOS internet customers up to 12 months of Disney's (NYSE: DIS) Hulu for free. AT&T (NYSE: T) even explicitly told investors part of its go-to-market strategy for HBO Max is partnering with internet providers to bundle the streaming service with home internet. Comcast (NASDAQ: CMCSA) is trying to partner with other pay-TV providers to distribute Peacock, but Comcast's own internet-only subscribers also get free access.
Comcast will open a new Xfinity store in Spokane Valley tomorrow at the Evergreen Crossing Shopping Center and is remodeling its existing retail location in Spokane as part of a more than $4 million brick and mortar retail investment in Washington. The new store is located at 13826 East Indiana Avenue – Ste. 100, Spokane Valley WA 99216, and the existing retail location at 4423 North Division St, Spokane, WA 99207 will be closed for remodeling, July 7 through late summer.
NBCUniversal's Peacock streaming service slated to launch in the middle of this month needs video entertainment content -- ViacomCBS (NASDAQ: VIAC) (NASDAQ: VIAC.A) has it. Namely, why is the owner of CBS as well as movie studio Paramount helping NBC and Universal, respectively, establish Peacock when Viacom already operates a similar streaming service called CBS All Access?
Comcast (CMCSA) owned NBCUniversal signs licensing deal with ViacomCBS to add select Paramount movies and Showtime content on Peacock streaming platform after its launch on Jul 15.
In late February, I wrote an article that suggested that Comcast (NASDAQ: CMCSA) -- parent to NBCUniversal and ultimate owner of new streaming service called Peacock -- was in a league of its own in terms of next-generation advertising technology. Just within the past few days, Roku (NASDAQ: ROKU), Tubi, and Walt Disney (NYSE: DIS) division Hulu all unveiled new technologies that will make the most of their ad-supported streaming platforms.
Comcast Corp's NBCUniversal has struck a deal with ViacomCBS Inc to bring "The Godfather" trilogy, "Undercover Boss" and other hit franchises to the upcoming Peacock streaming video platform, the companies announced on Wednesday. Peacock, set to launch nationally on July 15 on mobile devices, Web and connected television platforms, will compete against Netflix Inc, Amazon.com Inc Prime Video, Walt Disney Co's Disney+, Hulu, and AT&T Inc's HBO Max in the fight for paying subscribers.
Competing studios and media owners are starting to cooperate on a limited basis in order to maximize revenue.
Comcast (CMCSA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Yahoo Finance’s Heidi Chung breaks down the latest on the streaming wars and Google's recent news that it would raise prices for its TV services to $64 from $50 dollars a month.
(Bloomberg) -- Long before an uproar over online hate speech prompted hundreds of marketers to cut summer social media budgets, 2020 was turning out to be a dismal year for the global advertising industry.Total ad spending will fall 12% this year, compared with a 6.2% gain in 2019, according to GroupM, a division of advertising giant WPP Plc. That’s the biggest contraction in at least a decade. As the global pandemic spread around the world and consumer spending slowed to a trickle, many corporations targeted marketing as a fast, early way to cut costs.One ad agency executive said third-quarter buying would be down 20% to 30%. New deals were being struck with “force majeure” clauses that would allow advertisers to pull out if a second wave of the virus caused new shutdowns, said the executive, who requested anonymity discussing internal financial figures. In the U.S., hopes that the virus would slow by summer are fading as states that had begun opening up move to shut down again because of a jump in cases.Against this backdrop, advertisers are making another shift. Big companies around the world have said they’ll pause spending on social media, several of them singling out Facebook Inc., because they don’t want marketing messages appearing alongside the vitriol and disinformation. Many are heeding the call from a consortium of civil rights and other advocacy groups, including Color of Change and the Anti-Defamation League, to stop spending on Facebook for July to protest the company’s failure to police harmful content.The pause creates a way for many companies to take a public stance against hate while at the same time providing a concrete reason to trim marketing budgets or, in some cases, experiment with alternatives to traditional social media, such as Amazon.com Inc. or ByteDance’s TikTok. “While many brands were planning on pulling back ad spend anyways, a portion of Facebook-allocated dollars may end up on Snapchat, Pinterest, Amazon, Walmart, etc.,” Mark Shmulik, an analyst at Sanford C. Bernstein, wrote in a recent research note.Ad budgets are an indicator of corporate sentiment toward the world economy. Confidence and growth leads to bigger budgets and higher ad prices. Ad spending cratered in March and April as businesses shut and people stayed home to comply with lockdown orders.In interviews earlier in the year, ad execs were mostly hopeful that the pain would end once quarantines lifted and the economy rebounded. But behind the scenes, the picture was more bleak. Ad agencies, which choose how and when to spend the money companies entrust to them, have cut thousands of jobs. Ad executives who had spent money on spots meant to run during now-canceled sports events tried to recoup the money and find new outlets for it, according to people interviewed by Bloomberg who asked not to be identified discussing private negotiations.Despite the larger advertising pullback, a pause for social media platforms like Facebook, Twitter Inc. and YouTube creates an opening for ad upstarts on the digital side. Packaged foods company Conagra Brands Inc. pulled Facebook advertisements, redirecting the money to search and e-commerce ads, a category most likely to benefit online rivals Google and Amazon.Ben & Jerry’s, a division of Unilever, was one of the early brands to join the StopHateForProfit campaign. “The marketing dollars that would have been spent on Facebook will be spent on other channels, including possibly some Black-owned media outlets,” said Chris Miller, the activism manager at Ben & Jerry’s.Even if the boycotts gain momentum and persist for more than a month, Google and Facebook are still likely to benefit in the long-term from the disruption wrought by the pandemic. That’s because these companies offer advertisers the most flexible and direct way to reach consumers; spending can be paused or ramped up on a moment’s notice. The tech giants also benefit from the millions of small businesses that rely heavily on them for day-to-day business and don’t necessarily need to take a public stand on moral issues. “They may grab an even greater market share post COVID-19 than the strong gains we are currently projecting,” Michael Nathanson, an analyst at MoffettNathanson LLC, said of Facebook and Google.The more traditional parts of the ad ecosystem, which still account for around half of advertising spending, are in a riskier position.For the TV industry, the advertising outlook for the rest of 2020 will depend on two still-unanswered questions. One is how much the pandemic-driven recession will accelerate cable-TV cord-cutting. With unemployment high, more people are expected to cancel their TV subscriptions as they tighten their household budgets. That would hurt viewership and the advertising dollars that go with it. The bigger audiences as a result of people being confined to their homes has already started to fall for just about all programming except news as more people venture outdoors again.The other big question is the return of sports. As long as professional and college football starts up again this fall, media companies like Fox Corp., Comcast Corp., Walt Disney Co. and ViacomCBS will likely see a rebound in advertising revenue, analysts say. Brands spent over $4 billion on TV commercials during NFL games last year.Still, some big TV advertisers could be less willing to jump back this year at all. Carmakers like General Motors and Ford, for instance, have been among the top buyers of TV commercials. The global pandemic has disrupted their supply chains and raised doubts about consumers making big purchases like cars.Media companies and TV networks are now under pressure to make their contracts more flexible. TV networks typically prevent advertisers from pulling all of their money out on short notice. That frustrated many advertisers this spring when the pandemic first kicked off the recession. Now, advertisers are pushing for the right to pull more of their money out of a TV network with fewer days notice in case the coronavirus worsens the economic picture. They will, however, likely pay a higher price for that flexibility, according to one TV executive.That could send them back to the digital platforms, regardless of all the commitments to boycott Facebook.“Brands can stop TV ads but they can’t stop things being on social,” said Arron Shepherd, co-founder of global social media and influencer marketing agency Goat.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
On Monday, the Federal Reserve made the decision to officially open the doors to the primary market corporate credit facility. Yahoo Finance's Brian Cheung joins The Ticker to discuss.
Democratic U.S. senators on Monday were to introduce legislation to ensure Americans who have suffered economic hardships due to the coronavirus pandemic have access to broadband internet. The bill, which was seen by Reuters and will be made public later on Monday, would provide free or low-cost broadband service to low-income families or those who have been recently laid off or furloughed due to the COVID-19 pandemic. It would boost an existing Federal Communications Commission Lifeline subsidy program to help millions more low-income Americans qualify, with more than 20 million Americans out of work.
A crowded sports schedule caused by the COVID-19 pandemic has prompted FOX to choose the NFL and MLB over the U.S. Open, leading the U.S. Golf Association (USGA) to end its 12-year deal with the broadcaster and transfer it to NBC Universal. The U.S. Open originally scheduled for June was moved to September due to the new coronavirus outbreak, creating a logjam for FOX which also has broadcast rights for ratings behemoth the NFL as well as college football and Major League Baseball.
Older Americans rely more heavily on news and current events to make financial decisions than the younger generation, according to a new Yahoo Finance-Harris poll.
Comcast is the first ISP to provide Firefox users with private and secure encrypted DNS services through Mozilla's Trusted Recursive Resolver Program