Tag Archives: Stock

Lionsgate Shares Drop on Rumors Comcast Will Drop Starz

Comcast and Lions Gate were unavailable to respond to requests for clarification, and a deal in place now is still four months away from expiring, but investors were punishing the film and TV studio and Starz parent by bidding shares down on more than twice the stock’s normal trading volume. – Paul Bond, The Hollywood Reporter » https://www.hollywoodreporter.com/news/lionsgate-shares-drop-rumors-comcast-will-drop-starz-1235673 [photo: Lions Gate/Facebook]

Netflix suffers first major loss of US subscribers, blames price hikes

The company lost approximately 130,000 subscribers in the United States in Q2, and only gained 2.7 million global subscribers, after projecting it would add 5 million. CEO Reed Hastings blamed the stagnancy on the company’s price hikes, and a lack of original content to bring in new subscribers. The company instituted higher pricing plans in January, one of its biggest increases to date. Plan changes went into effect for both new and returning subscribers. As such, paid memberships in the United States were “essentially flat.” – Julia Alexander, The Verge » https://ift.tt/2XNYPKH

Disney CEO Bob Iger Confirms Talks With Comcast Over Hulu Stake Sale

On April 15, WarnerMedia sold back its stake in Hulu in a deal that valued the streamer at $14 billion. Disney revealed Wednesday that it funded the deal “via a loan” to Hulu. NBCU has 90 days from the date of the transaction in which it can elect to contribute its proportionate share (or 30 percent) toward the purchase price of the Hulu stake. That would mean Disney would become the 67 percent owner in Hulu and Comcast would become a 33 percent owner. If NBCU does not participate in the purchase of WarnerMedia’s stake, Disney would up its ownership to 70 percent. – Natalie Jarvey, The Hollywood Reporter » http://bit.ly/2DZ672x

3 Reasons Why Netflix Stock Has Nothing To Fear From Apple Streaming

While other organizations will gladly ruffle some feathers to deliver groundbreaking programs and films, AAPL has a decidedly different mindset. From the get-go, management will steer its original content away from vulgar, violent or sexual content. […], they’re not going to show anything interesting on their service. Okay, I’m being facetious but only a little bit. Check out Forbes’ top-20 list of streamed TV shows, where only one entry isn’t on Netflix. It’s chock-full of gritty programming or controversial topics, like the top-rated show 13 Reasons Why, which addresses teenage suicide. Is that content suitable for an Apple store? I don’t think so. – Josh Enomoto, InvestorPlace » https://ift.tt/2HDzPNh

AT&T Prevails Against DOJ In Long-Running Legal Battle Over Time Warner Deal

In their 35-page ruling, Judges Judith W. Rogers, Robert L. Wilkins and David B. Sentelle affirmed Leon’s decision, saying that AT&T had provided “real-world” data to support its contention that the deal would not result in harm. “The government offered no comparable analysis of data,” the judges wrote. “Evidence also indicated that the industry had become dynamic in recent years with the emergence, for example, of Netflix and Hulu. In this evidentiary context, the government’s objections that the district court misunderstood and misapplied economic principles and clearly erred in rejecting the quantitative model are unpersuasive.” – Dade Hayes, Deadline Hollywood » https://ift.tt/2SuWOM6

Reality Is Closing In On Netflix

Debt investors are not happy either. In fact, they’ve always been more skeptical and assigned Netflix’s debt “Junk” ratings since as early as 2015. In the last year, that skepticism has grown, as the yield on its issuances has increased 150 basis points. Since 2017, the cost of debt has risen 275 basis point to 6.375%. Should debt investors grow more weary of Netflix’s massive cash burn, the liquidity they’ve provided could dry up quickly. – David Trainer, Forbes » http://bit.ly/2Dc40qO
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