141.28 +0.03 (0.02%)
After hours: 4:24PM EDT
|Bid||141.25 x 1000|
|Ask||141.26 x 800|
|Day's Range||140.27 - 142.54|
|52 Week Range||100.35 - 145.43|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||15.80|
|Earnings Date||Aug 6, 2019|
|Forward Dividend & Yield||1.76 (1.25%)|
|1y Target Est||153.82|
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into Netflix's (NFLX) recent Q2 earnings report. The episode then transitions into why Amazon (AMZN) and Disney (DIS) could be real challengers...
With only one month left until Disney’s highly anticipated D23 Expo in Anaheim on August 23–25, Marvel announced a thrilling show floor lineup that includes guest appearances and p
Walt Disney continued to dominate the film industry with a blockbuster opening weekend from The Lion King and a new milestone set by Avengers: Endgame.
Netflix (NFLX) hit a rough patch in the second quarter. The company’s number of US subscribers declined for the first time in nearly a decade.
AT&T; became the first major mobile operator to offer a service that automatically blocks unwanted calls. This service has also opened a new revenue stream as the company works to reduce its debt.
The Walt Disney Company’s (DIS) superhero film Avengers: Endgame has finally surpassed the record set by James Cameron’s Avatar.
A rerelease of the superhero epic helped push it over the edge, dethrone another Disney property, and take the title.
(Bloomberg Opinion) -- If the market for television and video-streaming services wasn’t frustrating enough for consumers, now comes news that millions paying for DirecTV suddenly can’t watch CBS, the most popular TV network in the U.S., due to a contract dispute between the media giants. The good news is that it’s not yet football season, and it’s also in both companies’ interests to reach an agreement soon. The bad news is that the channel-blackout trend is only getting worse. CBS went dark over the weekend on AT&T Inc.’s DirecTV, DirecTV Now and U-verse platforms for customers in cities including New York, Los Angeles, Chicago, Philadelphia and Atlanta, as they tussle over the renewal rate for AT&T’s pay-TV operators to carry CBS programming. The blackout deprives subscribers in those markets of popular shows such as "The Late Show with Stephen Colbert" and "Big Brother" – an inconvenience that’s becoming all too familiar for viewers. Already more than 200 TV markets have had broadcast signal disruptions this year, the most ever, according to the American Television Alliance, a group that lobbies for cable and satellite providers. AT&T said it has offered CBS “an unprecedented rate increase.” CBS’s stance is, yeah, no kidding, given that it’s been seven years since the deal was last renewed. My feeling: groan. It’s deja vu for AT&T customers because the company was also involved in a dispute earlier this year with Viacom Inc., the owner of cable channels such as MTV and Nickelodeon. The two sides reached a deal relatively quickly – but not before they traded jabs in public statements and flooded social media with annoying campaigns to rile up customers and pass the blame. On March 19, AT&T’s line was that Viacom networks are “no longer popular.” Just a few weeks later it was whistling a different tune, featuring the same networks prominently on its DirecTV Now sign-up page to highlight the streaming package’s channel lineup.Customers sure are tired of this old song and dance. They don’t want to hear “CBS has put you into the middle of its negotiations,” which DirecTV tweeted to an angry customer on Saturday, or that “loyal viewers are now bearing the burden for AT&T’s unwillingness” to bend, as CBS put it in its own press release. It doesn’t matter whether AT&T “dropped” the network or CBS “pulled its signal” from AT&T. Subscribers just want consistent service at a fair price, and that seems like it will be harder and harder to get, thanks to an industry that’s turning more anti-competitive to protect its profit margins in the wake of cord-cutting and consolidation.Take AT&T: Since acquiring HBO parent Time Warner last year for $102 billion (including debt), the company has shifted the spotlight away from its shrinking satellite-TV business and drab DirecTV Now product, and instead onto the sexier media-content division, which it renamed WarnerMedia. AT&T has been willing to sacrifice pay-TV customers to boost profitability on that side of the business through price hikes, while its WarnerMedia unit gears up to launch a new Netflix-like app called HBO Max. Unlike DirecTV Now, which is a virtual cable skinny bundle, HBO Max will comprise only WarnerMedia’s own content and compete with AT&T’s other services. This content will include “Friends,” one of the most popular series among the streaming set, which WarnerMedia is reclaiming from Netflix and putting on HBO Max. This is just one example of how the media giants are becoming more insular, preserving their content for their own products and playing hardball with competitors, making it harder for customers to find everything they want to watch through a single affordable subscription. In AT&T’s case, this points to the drawbacks of allowing a pay-TV and wireless giant to also control some of the most attractive TV content.Similarly, Walt Disney Co., fresh off its $85 billion purchase of 21st Century Fox’s entertainment assets, is prioritizing the launch of its Disney+ app, which it plans to bundle with ESPN+ and Hulu in an effort to topple Netflix. That means that in the future if you want certain Disney, Pixar, Marvel or “Star Wars” content, a Disney+ subscription will be a requirement. Want HBO or CBS, too? That’ll be a separate subscription for more money. (The CBS All Access app costs $5.99 a month.)In the AT&T-CBS standoff, both are motivated to end the blackout. CBS is in talks over a merger with Viacom, so it doesn’t need such distractions. The AT&T contract is also critical for CBS to meet a target of $2.5 billion in annual retransmission revenue by 2020, according to John Butler, an analyst for Bloomberg Intelligence. As for AT&T, though it may be looking to emphasize profitability over subscriber count, it still shouldn’t be proactively showing subscribers the door. Who will blink first? My guess would be AT&T. But customers really don’t care either way – they just want what they pay for. It shouldn’t be so hard.To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
(Bloomberg) -- The star power of Beyoncé Giselle Knowles-Carter and Donald Glover in Walt Disney Co.’s remake of “The Lion King” has overshadowed lukewarm reviews from critics. New and old fans of the classic contributed to the film’s $185 million opening weekend debut, which bode well for theater stocks as box office sentiment has improved.Revenue from movie ticket receipts is now up 9% quarter to date, MKM Partners’ Eric Handler said, as a robust start for the Disney production has “put the box office back in positive territory.” Shares in AMC Entertainment Holdings Inc. rose as much as 3.2% in early trading Monday.Read more: Disney’s ’Lion King’ Crowns an Era of Consolidation in HollywoodThe outlook for July and the third quarter is back on track as a strong carryover for the film is expected to “hold up well in the coming weeks,” Handler told clients in a note. Theater stocks are poised to benefit given the positive results, which “has helped ease some concerns” about box office performance looking ahead.According to Handler, “a strong July is important for [the third quarter] as it typically accounts for 40% to 45% of the quarter’s revenue.” A decent opening for Quentin Tarantino’s “Once Upon A Time In Hollywood” should also help July finish in double-digit territory, he said.To contact the reporter on this story: Kamaron Leach in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.