35.99 +0.26 (0.72%)
After hours: 4:28PM EST
|Bid||35.61 x 100|
|Ask||41.00 x 100|
|Day's range||35.65 - 36.44|
|52-week range||24.30 - 36.54|
|PE ratio (TTM)||22.22|
|Forward dividend & yield||0.36 (0.99%)|
|1y target est||41.50|
Last year ended with Walt Disney (DIS) saying it would stop serving its content on Netflix’s (NFLX) platform beginning in 2019. Although Netflix has been investing in the production of its own movies and shows, a lot of its programming is still licensed from Hollywood studios controlled by companies such as Disney and Twenty-First Century Fox (FOX)(FOXA). Now Fox is selling its film production business to Disney, meaning that Netflix would be looking to Disney properties for more of its licensed content if the Disney-Fox deal goes through.
NEW YORK (AP) — Media mogul Rupert Murdoch hurt his back in a recent sailing accident, according to a note provided to The Associated Press.
Rupert Murdoch suffered a painful back injury while sailing and plans to recuperate at home for a few weeks, according to an email to colleagues that was seen by Bloomberg News.
NEW YORK--(BUSINESSWIRE)-- News Corp will release its second quarter Fiscal 2018 results on Thursday, February 8, 2018. News Corp Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio ...
There has been plenty of optimism about media stocks and tax cuts, but that's only gone so far for Viacom (VIAB), which is falling on Tuesday on news that a merger with CBS (CBS) is far from a done deal, even if insiders are hoping to reunite the two media companies. Rosenblatt's Alan Gould reiterated a Sell rating on Viacom today, writing that even combined, the two companies aren't big enough to create real value for shareholders in the shifting media landscape, and there aren't many synergies to recommend the deal. Elsewhere in media today, B. Riley's Barton Crockett updated his estimates for companies to account for their benefit from lower taxes, and he also upgraded 21st Century Fox (FOXA) to Buy, with a $46 price target, writing that if the Walt Disney (DIS) deal gets done, which he sees as increasingly likely, Fox will have even more benefit than the average media stock. Crockett argues that the upgrade reflects Disney's big benefit from the tax reform, the fact that Fox is still trading at a discount to the takeout offer, and that regulators can probably be appeased by selling assets, which Comcast (CMCSA) might be happy to buy.
Investors in Twenty-First Century Fox (FOXA) need to pay close attention to the stock based on moves in the options market lately.
The Zacks Analyst Blog Highlights: Walt Disney, Twenty-First Century Fox, Time Warner and Viacom
Disney's (DIS) Studio segment, which impressed investors with blockbuster hits in 2016, has somewhat disappointed in 2017 as the year has been dull for the movie industry.
PASADENA, Calif. (AP) — The latest from the TV Critics Association winter meeting that began Thursday in Pasadena, California (all times are local):
PASADENA, Calif. (AP) — The Fox broadcasting network, home to "The Simpsons" and "The Orville," will continue to air scripted entertainment after the Fox TV studio's sale to Disney, Fox executives said Thursday.
Ever since Walt Disney (DIS) agreed to buy a bulk of 21st Century Fox (FOXA), Fox shares have traded at a discount to the offer price. Based on the deal terms, Disney is offering roughly $30 a share for the Fox assets. It's harder to figure out how the market is pricing the remaining Fox assets -- what the company is referring to as New Fox. Today, Bernstein analyst Todd Juenger takes a similar view, though he makes the case that the spread is actually far larger.
Per the latest report, the company has surpassed the Beauty and the Beast's domestic collections to become the highest grossed movie of 2017.
As 2018 fast approaches, we can???t help but look back on the past 12 months. Even though M&A activity was relatively quiet in 2017 compared to past years, the deals that were announced this year were major, and revolved around some of the biggest consumer and technology names. Here are 15 of the best mergers and acquisitions of the year.