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☆ These companies are slashing earnings estimates, but the market may have sniffed that out already
▼ + stars: | 2023-11-01 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The S & P 500 was expected to see an earnings gain of 11% for the fourth quarter on Oct. 1, and that expectation is now down to 7.8%. "We're seeing larger estimate cuts than average for S & P 500 companies through the first month of the fourth quarter," John Butters at FactSet said. Roughly 60 companies in the S & P 500 have disclosed declines of 10% or more in their earnings expectations in the month of October, according to LSEG. Earnings revisions: Notable declines in airlines and cruise lines Here are some of the S & P 500 companies that have seen earnings estimates decline 10% or more since the start of the fourth quarter, according to LSEG. The markets have sniffed this out: What's next The stock market, of course, does not wait for analysts to cut earnings estimates.

Persons: John Butters, FactSet, Nick Raich, Refiners Valero, Goldman Sachs, Morgan Stanley, Alec Young Organizations: Boeing, . Airlines, Companies, Cruise Lines American Airlines, Cruise Line, Alaska Air Group, Southwest Airlines, Airlines, Delta, Entertainment Warner Bros Discovery, Paramount Global, Fox, MGM Resorts, Ford, Motors, Pfizer, Merck, Petroleum, Phillips, Seagate, Texas, Banks, Capital Markets, Blackstone, Intel, JETS, Energy, Pharmaceuticals

☆ Jobs and earnings are major themes next week as we consider more portfolio moves
▼ + stars: | 2023-10-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

But in the end, it's fundamentals that drive earnings and earnings that drive stock prices. Looking ahead to next week, we'll get several important macroeconomic updates along with nine Club earnings reports. Economic releases Next week is Jobs Friday when we get the government's monthly nonfarm payrolls report. Club stock earnings Club name Caterpillar (CAT) reports third-quarter results before the opening bell Tuesday. DuPont (DD) is set to report earnings.

Persons: it's, we'll, nonfarm payrolls, We'll, Estee Lauder, Eli Lilly, BUD, Jerome Powell, Kraft Heinz, WEN, Papa John's, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Caterpillar, GE Healthcare, DuPont, Bausch Health, Starbucks, Apple Watch, VF Corp, GE HealthCare, Pfizer, JetBlue, Anheuser, Busch InBev, Devices, Caesars Entertainment, Cruise, CVS Health, Brinker International, Yum Brands, PayPal, Qualcomm, Mondelez, Novo Nordisk, Barrick, Penn Entertainment, Paramount Global, Marriott, Ferrari, Molson Coors, TAP, Coinbase, Natural Resources, Booking Holdings, International, Monster Beverage, Health, Resources, Dwight, Restaurant Brands, Sempra Energy, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: North America, China, New York City, U.S

☆ The Fed decision and jobs report are in the week ahead as Wall Street wraps up a brutal month
▼ + stars: | 2023-10-27 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The Federal Reserve meeting and October jobs report are on the docket next week as investors wrap up a brutal month for markets. Both the S & P 500 and Nasdaq Composite slid into correction territory this week following some disappointing megacap tech reports. "I suspect that the Fed is not going to comfort the market," said James Camp, managing director at Eagle Asset Management. Many investors expect stocks could remain choppy until the markets gain clarity on when the Fed will start to cut rates. Jobs report Investors will get another look into the labor market next week soon after the Fed decision.

Persons: Jerome Powell, James Camp, Dave Sekera, Sekera, Dow Jones, Nick Galluccio, you'll, Powell, Charlie Ripley, Ripley, Galluccio, we've, Eli Lilly Organizations: Reserve, Nasdaq, Eagle Asset Management, Fed, Teton Advisors, Treasury, Asset, Apple, Investors, Allianz Investment Management, Advisors, Dallas Fed, Simon Property, Semiconductor, Western, ECI Civilian Workers, Chicago PMI, Devices, Caesars Entertainment, Pfizer, GE Healthcare Technologies, Caterpillar, ADP, PMI, Manufacturing, Costco Wholesale, Qualcomm, Cruise Line Holdings, Brands, Labor, Factory, News Corp, Booking Holdings, Paramount Global, Moderna, Jobs, Services PMI, Health Locations: U.S, FactSet, Chicago

☆ Paramount's Shari Redstone is open for business, but business may not be open for her
▼ + stars: | 2023-10-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +11 min

Paramount Global 's controlling shareholder is open to a merger or selling the company at the right price, according to people familiar with her thinking. Spokespeople for Redstone and Paramount Global declined to comment. Paramount Global's market value was below $8 billion as of Friday. Discovery could merge with Paramount Global, though putting together Warner Bros. and Paramount Pictures may hold up deal approval with U.S. regulators. Paramount Global isn't actively working with an investment bank on a sale, according to people familiar with the matter.

Persons: Shari Redstone, David A, CNBC Shari, Jon Miller, SpongeBob, Guggenheim, Michael Morris, Morris, Warren Buffett, Berkshire Hathaway, Bob Bakish, Bakish, Wells, Steven Cahall, Cahall, CNBC's David Faber, Lina Khan, Laura Martin, haven't, Simon, Simon & Schuster, Sumner Redstone, NAI, Jim Cramer Organizations: National Amusements, Paramount Global, Allen & Company Sun Valley, Grogan, CNBC, Paramount, Redstone, Integrated Media, Advancit, Paramount Pictures, CBS, MTV, Nickelodeon, Comedy Central, BET, Showtime, NFL, Champions League, Viacom, Berkshire, Paramount Global's, Tech, Apple, YouTube, National Football, Federal Trade, Big Tech, Comcast, NBC, Fox, Disney, Needham & Co, Netflix, Bain, Co, Warner Bros, Sky, Scripps, Discovery, Simon &, MSD Partners Locations: Sun Valley , Idaho, Los Angeles , California, U.S

Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsLOS ANGELES Oct 19 (Reuters) - Streaming pioneer Netflix (NFLX.O) showed resilience by gaining more quarterly subscribers than in the past three years despite strikes by Hollywood's writers and actors, sending its shares up 13.5% in premarket trading on Thursday. Shares rose to $393.45 in an indication that the company was set to add nearly $21 billion to its market capitalization. "The management deserves an Emmy for managing investor expectations," Bernstein analysts wrote in a note, adding that paid-sharing has opened up a bigger-than-expected market of potential subscribers for Netflix. "Due to its large international presence, Netflix is positioned better than most entertainment companies in plugging programming gaps from the writers' and actors' strikes," said Insider Intelligence principal analyst Ross Benes.

Persons: Dado, Bernstein, Walt Disney, Ross Benes, Benes, Ted Sarandos, Sarandos, Sophie Lund, Yates, Hargreaves Lansdown, Dawn Chmielewski, Lisa Richwine, Chavi Mehta, Gerry Doyle, Arun Koyyur Organizations: Netflix, REUTERS, Paramount Global, Warner Bros Discovery, Writers Guild of America, Intelligence, vise, Netflix's U.S, USA Network, Thomson Locations: Los Angeles, Bengaluru

☆ Read the Notion memo Dharma, a travel startup that crafts travel experiences for creators and brands, used to raise $4.7 million
▼ + stars: | 2023-10-17 | by ( Marta Biino | ) www.businessinsider.com time to read: +2 min

Dharma, a travel startup that plans and sells trips hosted by creators and brands, recently announced $4.7 million in pre-Series A funding. Dharma cofounder and CEO Charaf El Mansouri told Insider the company aims to support creators and brands in organizing exclusive travel experiences by dealing with operations and liaising with local travel operators as needed. "By definition, I'm a yoga teacher, not a professional travel manager. The company's big challenge ahead, which the funds from the raise will be used for, is to achieve scale. Here is the 17-page Notion memo that the cofounders used to raise $4.7 million.

Persons: Stephen Ross, Matt Higgins, Eric Cantona, Charaf El Mansouri, Dharma, Emily, Kelsey Wells, Pernod, El Mansouri Organizations: San, Convivialite Ventures, FJ Labs, Tank, Paramount Global, Netflix, Pernod Ricard Locations: San Francisco, Paris, El

☆ Hollywood insiders are bracing for M&A activity to make a comeback, as 10 experts reveal the deals they're predicting
▼ + stars: | 2023-10-17 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com time to read: +12 min

"The unknown is hard to transact in," Sam Powers, the global head of technology, media, and telecommunications for Bank of America, told Insider. Microsoft's $69 billion acquisition of Activision , which was completed Thursday, has also put media and tech M&A back in the spotlight. "People have been holding their breath in nervous anticipation" about the idea of tech buying big media , one investor told Insider. Private-equity bets on media and Hollywood have seen mixed resultsPrivate-equity firms may have the cash to finance major media acquisitions, but they're reckoning with market volatility. Are you a Hollywood insider?

Persons: Hollywood dealmakers, Jonathan Handel, Sam Powers, Bob Iger, —, Byron Allen, Greg Doherty, Iger, Disney's, Byron Allen —, Allen, Disney, it's, Handel, It's, you've, Reese Witherspoon, Dave Kotinsky, Moonbug, Reese Witherspoon's, Jeff Zucker, Abu, Tom Staggs, Kevin Mayer, Lucia Moses, Reed Alexander Organizations: Hollywood, Puck News, Bank of America, SAG, Writers Guild of America, Disney, ESPN, Activision, Byron Allen The Weather, Wall Street shareholders, Bureau of Labor Statistics, Hulu, ABC, Nexstar Media Group, Allen Media Group, Weather, Lionsgate, Starz, Paramount, BET, Warner Bros, Games, Disney Digital Network, Maker Studios, Observers, Comcast, Paramount Global, Tech, MGM, Microsoft, Netflix, Apple, RedBird Capital Partners, RedBird IMI, Private, SP, G Global Market Intelligence, Bloomberg, Media, Apollo Global Management, Yahoo Locations: Hollywood, Blackstone, Abu Dhabi, lmoses@insider.com, ralexander@insider.com

☆ The Score: Lockheed Martin, Paramount Global, JPMorgan Chase and More Stocks That Defined the Week
▼ + stars: | 2023-10-14 | by ( Francesca Fontana | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/lockheed-martin-paramount-global-jpmorgan-stocks-that-defined-the-week-549b9eb6

Persons: Dow Jones Organizations: lockheed, jpmorgan

☆ Rubik's Cube-owner Spin Master to buy Melissa & Doug for $950 million
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Oct 11 (Reuters) - Canadian toys and games-maker Spin Master (TOY.TO) said on Wednesday that it has agreed to buy U.S.-based toy-maker Melissa & Doug for $950 million in cash, taking the shares of the Rubik's Cube owner up nearly 8% in early trade. The move comes days after Spin Master signed a deal with the retailing and licensing division of Paramount Global (PARA.O) for a new animated series in the well-known Dora the Explorer franchise. Spin Master said it expects the Melissa deal, which includes $500 million in debt financing, to be immediately accretive to its earnings per share. Melissa & Doug makes toys for children in the preschool ages, and is known for its wooden jigsaw puzzles. Spin Master, which also owns the popular children's cartoon adventure series PAW Patrol, has a market capitalization of C$3.50 billion ($2.57 billion) as of stock's last close.

Persons: Melissa, Dora, Juveria Tabassum, Shailesh Organizations: Spin, Paramount Global, Explorer, Thomson

☆ Assistants at companies like Netflix and Disney are 'waiting for the light at the end of the tunnel' as their careers stall and they can't get promoted: 'I don't see a way up'
▼ + stars: | 2023-10-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +12 min

Trying to maintain a career in Hollywood was "not something that was feasible for me to continue," this person told Insider. Insider spoke with eight current and former assistants at Hollywood companies, plus a former creative executive at a midsize film studio. Many hopefuls can't find jobs in an industry that's been wracked with head count reductions and budget cuts. Netflix's website lists just one open assistant job — a role in a non-creative vertical. At Paramount, which cut 25% of staff from its US cable networks earlier this year, there appear to be no open executive assistant jobs in entertainment capacities .

Persons: —, strivers, that's, David Heger, Edward Jones, Heger, Bob Iger —, there's, WBD, they've, they'd, I'm, Reed Alexander Organizations: Hollywood, Netflix, Paramount Global, Disney, Warner Bros . Discovery, Paramount, Media, Writers Guild of America, Challenger, Warner Bros, Discovery, Entertainment Locations: Hollywood, Los Angeles and New York

☆ Stocks making the biggest moves midday: Costco, Paramount, MillerKnoll, ChargePoint and more
▼ + stars: | 2023-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Media stocks — A handful of media and studio stocks rose Wednesday after the nearly 150-day writer strike ended. ChargePoint , Blink Charging — Shares of ChargePoint and Blink Charging gained 4.1% and 5.5%, respectively after UBS initiated coverage of the electric charging stocks with buy ratings. XPO — Shares added roughly 2% after XPO stock was upgraded to outperform from Evercore ISI, with analyst Jonathan Chappell highlighting margin growth potential and stronger pricing power. Mattel — Shares of the toymaker rose more than 4% after Morgan Stanley initiated coverage of Mattel with an overweight rating. AAR Corp — Shares of the aircraft services company rose 2.3% on the back of its quarterly earnings report.

Persons: MillerKnoll, XPO, Jonathan Chappell, Morgan Stanley, Levi Strauss, TD Cowen, Levi's, Piper Sandler, Kosmos, — CNBC's Brian Evans, Alex Harring, Jesse Pound, Hakyung Kim Organizations: Media, Warner Bros . Discovery, Paramount Global, Comcast, Disney, Netflix, UBS, Costco —, Costco, Evercore ISI, Mattel —, Mattel, Federal Trade Commission, AAR, Kosmos Energy, Bank of America

☆ Lightning Round: Paramount Global might drop another two to three points lower, says Jim Cramer
▼ + stars: | 2023-09-26 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Paramount Global might drop another two to three points lower, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Devon Energy, Fiverr, Transmedics, Boston Scientific, Paramount and Uranium Energy.

Persons: Jim Cramer Organizations: Paramount, Devon Energy, Boston Scientific, Uranium Energy Locations: Transmedics

CBS Sports Chairman Sean McManus has known for over a year when he planned to retire and who would be his successor. His successor will be David Berson, who has been president of CBS Sports for over 10 years. “The reaction has been very positive, so I feel good about everything,” McManus said. McManus was president of CBS News and CBS Sports from 2005 through 2011 before being named CBS Sports Chairman in February 2011. The retirement of McManus will mark the end of a long relationship between his family and CBS.

Persons: Sean McManus, McManus, David Berson, ” McManus, “, “ I’ve, I’ve, ”, George Cheeks, Sean, Berson, Jim McKay, Rick Cordella, Pete Bevacqua, ___ Organizations: CBS, CBS Sports, Paramount Global, NFL, Fox, NFC, Tour, NCAA, Warner Discovery Sports, Turner Sports, UEFA Champions League, Big Ten, SEC, Paramount, CBS News, ABC, NBC Sports Locations: Las Vegas

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsSept 25 (Reuters) - Big media companies gave up early share gains from hopes of an end to screenwriters' strike on Monday as focus shifted to an ongoing strike by actors, whose resolution is crucial for a full return to work in Hollywood. But a strike by a larger guild of actors is still on. Nearly 160,000 film and television actors, stunt performers and other media professionals walked off the job in July, demanding higher wages and protection against artificial intelligence use. Its shares have dropped nearly 14% since the writers' strike started on May 2, while Paramount, Disney and Netflix have lost between 20% and 45%.

Persons: Mike Blake, Walt Disney, Susannah Streeter, Hargreaves Lansdown, WBD, David Zaslav, Rosenblatt, Barton Crockett, Yuvraj Malik, Zaheer Kachwala, Arun Koyyur Organizations: Writers Guild of America, Disney Studios, REUTERS, Big, Warner Bros Discovery, Paramount Global, Hargreaves, Paramount, Disney, Netflix, Media, Thomson Locations: Burbank , California, U.S, Hollywood, Bengaluru

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. The union representing roughly 11,500 film and television writers and the group that represents the studios and streaming companies announced the preliminary agreement on Sunday. The three-year deal, whose details were not disclosed, needs to be approved by the leadership of the Writers Guild of America and union members to officially end the strike. But even after the approval, it will take longer for productions to resume as Hollywood actors are still on strike. Its shares have dropped nearly 14% since the writers' strike started on May 2, while Paramount, Disney and Netflix have lost between 20% and 45%.

Persons: Mike Blake, Walt Disney, Susannah Streeter, Hargreaves Lansdown, WBD, David Zaslav, Craig Huber, Yuvraj Malik, Zaheer Kachwala, Arun Koyyur Organizations: Writers Guild of America, Disney Studios, REUTERS, Warner Bros Discovery, Paramount Global, Netflix, SAG, Hargreaves, Paramount, Disney, Media, Huber Research Partners, Thomson Locations: Burbank , California, U.S, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. Uncertainty around the trajectory for interest rates, including a potential hike by year-end and expectations for fewer cuts next year, have pushed the 10-year Treasury yield to a 16-year high, hurting growth stocks. ET, Dow e-minis were down 13 points, or 0.04%, S&P 500 e-minis were down 1.75 points, or 0.04%, and Nasdaq 100 e-minis were down 11 points, or 0.07%. HP Inc (HPQ.N) dipped 2.7% after Warren Buffett's Berkshire Hathaway (BRKa.N) sold nearly 4.8 million shares of the PC maker. Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Arun Koyyur and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Berkshire Hathaway, Jerome Powell, dampening, Raffi Boyadjian, Walt Disney, Warren Buffett's Berkshire Hathaway, Jefferies, JD.com, Ankika Biswas, Shashwat Chauhan, Arun Koyyur, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Companies Media, Nike, Dow, Nasdaq, Federal Reserve, Nvidia, Investors, Traders, XM, Dow e, Media, Warner Bros Discovery, Paramount Global, Netflix, HP Inc, PDD Holdings, Baidu, Thomson Locations: New York City, U.S, Berkshire, Bengaluru

☆ Hollywood’s brief thaw belies a long winter
▼ + stars: | 2023-09-25 | by ( Jennifer Saba | ) www.reuters.com time to read: +4 min

The union representing movie and TV writers tentatively agreed to a new contract on Sunday, setting the stage to end a five-month impasse. Content production is back on the budget line for streaming services. They too want to share in the spoils of a successful movie or TV series on streaming services. Charter now doesn’t have to carry eight Disney networks including FXX and Disney Junior, while Disney also is giving Charter’s customers access to its ad-supported streaming services for no additional charge. The brief thaw belies a long winter.

Persons: Fran Drescher, Duncan Crabtree, Walt Disney, Bob Iger, Ted Sarandos, David Zaslav, Donna Langley, ”, Lauren Silva Laughlin, Aditya Sriwatsav Organizations: SAG, Writers Guild of America, Hollywood, Netflix, Reuters, Guild of America, Walt, Warner Bros Discovery, NBC Universal, Charter Communications, Disney, Disney Junior, WWE, Paramount Global, Paramount, Alliance, Producers, WGA, Thomson Locations: Los Angeles , California, U.S

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. "While the dot plots suggest upside risks to interest rates, we retain our expectations that the hike cycle is likely done and for the Fed not to raise rates again," Mark Haefele Chief Investment Officer, UBS Global Wealth Management, said in a note. Meanwhile, weak performance of recent listings after their debut highs has dampened hopes of a likely revival in the initial public offering market amid high interest rates and broader market declines. Arm Holdings also fell 3.0% to $51.3 premarket, nearing its IPO price of $51 per share while Instacart (CART.O) lost 1.4%. ET, Dow e-minis were down 188 points, or 0.54%, S&P 500 e-minis were down 34.75 points, or 0.78%, and Nasdaq 100 e-minis were down 160.75 points, or 1.06%.

Persons: Brendan McDermid, Mark, Ankika Biswas, Shristi, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, FedEx, Broadcom, Google, Dow, Nasdaq, Federal Reserve, Apple, Nvidia, Wall, UBS Global Wealth Management, Arm Holdings, Dow e, Marvell Technology, Marvell, Warner Bros Discovery, Paramount Global, Writers Guild of America, WGA, Thomson Locations: New York City, U.S, Bengaluru

☆ Stocks making the biggest moves midday: Marathon Petroleum, Tesla, Moderna and more
▼ + stars: | 2023-09-18 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Moderna — The pharmaceutical company lost more than 8% Monday, making it the biggest decliner in the S&P 500. Enphase Energy — Shares lost 2.6% after Citi lowered its price target on shares to $170 from $209 while keeping its buy rating. The new price target implies 41% upside from Friday's close. Analyst Chris Quintero highlighted the growth opportunity for the company following a strong investment cycle. The investment bank bumped up the stock's price target to $40 from $37, citing Simply Good Foods' diverse product offering and shifting consumer preferences to healthier choices as catalysts.

Persons: Bernstein, Needham, Noubar Afeyan, Moderna's, Goldman Sachs, Mark Delaney, PayP, Ralph Lauren —, Ralph Lauren's, TD Cowen, Cowen, Tenable, Morgan Stanley, Chris Quintero, Raymond James, ASGN, Wells Fargo, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: — Petroleum refiners Valero Energy, Marathon Petroleum, West Texas Intermediate, Brent, Energy, Arm, Nasdaq, Securities and Exchange Commission, Pharmaceutical, Pfizer, U.S, Tesla, PayPal, MoffetNathanson, Guggenheim, Enphase Energy, Citi, Tenable Holdings, Mizuho, Aldi, Lowe's, Micron Technology, Deutsche Bank, Paramount, Disney, Warner Bros Discovery, Iridium Communications, Iridium Locations: Valero Houston, Houston , Texas, U.S

☆ Disney, Charter’s Spectrum deal will reshape media -executives
▼ + stars: | 2023-09-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

Disney also agreed to drop eight of its less-viewed networks, signaling the end of bloated cable TV bundles. Broadcasters could negotiate fees that included adding new cable TV channels. The new type of bundle deal combining traditional channels with streaming services provides a way forward for the media business. Pity the cable TV channels that few people watch, said one TV station group executive. Paramount Global has created numerous spin-offs of its main cable channels, with Nickelodeon siring five programming offspring, Nick Jr., Nick at Nite, TeenNick, Nicktoons and Nick Music.

Persons: Dado Ruvic, John Malone, Walt Disney, ”, Craig Moffett, “, you’re, Rich Greenfield, Jonathan Miller, Nick Jr, Nick, Nick Music, Moffett, Dawn Chmielewski, Kenneth Li, Josie Kao Organizations: REUTERS, Liberty Broadband, Charter Communications, Reuters, Disney / Charter, Disney, Broadcasters, Cable, P Global Market Intelligence, Netflix, Leichtman Research, Paramount, ESPN, FX, Integrated Media Co, Warner Bros Discovery, American Heroes Channel, Paramount Global, Nickelodeon, Nick, Thomson Locations: U.S, Greenfield, Los Angeles, New York

☆ Disney starts drafting broadcast TV’s grand finale
▼ + stars: | 2023-09-14 | by ( Jennifer Saba | ) www.reuters.com time to read: +9 min

It was pretty much the only way to watch “Gunsmoke” or “Howdy Doody” until cable networks arrived in force in the 1980s, bundled together for a monthly subscription fee. For Disney, ABC represented a watershed moment. Look deeper and the big broadcasters attracted only one in five viewers, while one in three watched cable networks. The TV group, excluding cable networks such as Fox News, generated an EBITDA margin of nearly 12% for the year ending June 30. Assume any deal includes cable networks such as Disney Channel and National Geographic.

Persons: Walt Disney, Bob Iger, ”, Howdy Doody, Fox, Rupert Murdoch, Michael Eisner, Iger, what’s, “ Abbott, Singer, Morgan Stanley, Disney’s, they’re, reckons Morgan Stanley, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav, Oliver Taslic Organizations: Reuters, Magic Kingdom, ABC, Disney, ESPN, Charter Communications, American Broadcasting Company, NBC, CBS, Capital Cities, RJR Nabisco, Paramount Global, Comcast, Warner Bros Discovery, Fox, Paramount, National Football League, NFL, Reuters Graphics Reuters, Bloomberg, Apple, Nielsen, BET, Wall Street Journal, Charter, U.S . Federal Communications Commission, Local, Disney Channel, Geographic, Apollo Global Management, TPG, Walt Disney, Thomson Locations: U.S, United States

On Friday, Diddy will release his new album called “The Love Album - Off the Grid." Political Cartoons View All 1160 ImagesAfter his epiphany, Diddy built a recording studio at his home and started to work on music. Making music is my love,” said Diddy, who received the Global Icon Award at the MTV Video Music Awards on Tuesday. “Everybody was calling to be a part of the ‘Love Album.’ Nobody made me wait more than 30 seconds for an answer if they wanted to do it. I thank God, nobody told me ‘No.’”Diddy said he wanted to tell a story on the album that mirrored his fun-filled love life.

Persons: Sean “ Diddy ” Combs, Diddy, “, ’ ”, Mary J, Blige, Justin Bieber, H.E.R, Babyface, John Legend, Busta, Summer Walker, Teyana Taylor, Coco Jones, Jazmine Sullivan, It’s, Keyshia Cole, Nicole Scherzinger, Sean John, ”, I’m, ” Diddy, Berry Gordy must’ve, Marvin Gaye, ’ Organizations: ANGELES, Bad Boy Records, Black, Bad Boy, Associated Press, BET Media Group, Paramount Global, Diageo, MTV, Jackson State University football, Motown Records, “ Locations: French Montana

☆ Streaming subscribers are ready for added services, new research shows, as companies like Disney and Warner Bros. Discovery race to build bundles
▼ + stars: | 2023-09-13 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

The greatest interest was in shopping discounts (50%); 45% expressed interest in a bundle of more than one streaming service. "There's a way to differentiate yourself by tapping into those opportunities," he said of respondents' interest in other services. Of all countries surveyed, the appetite for streaming bundles was the strongest in the US, with 59% interested in streaming packages that included other streaming services or broadband/internet. Disney offers Disney+, ESPN+, and Hulu for one price and is in the process of migrating Hulu content into Disney+. EY also asked about recent price hikes for streaming services and found rising subscription fees haven't caused widespread cancellations.

Persons: EY, Tom Loozen, Peacock, HBO Max, David Zaslav, They're, Bob Iger, Loozen Organizations: EY Global Telecommunications Leader, Media, Comcast, Warner Bros, Discovery, AMC, Paramount, Walmart, Sky . Disney, Disney, ESPN, HBO, Apple, Hulu, Star, Paramount Global, Showtime Locations: Canada, EU, Asia, Hulu

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Investors await August consumer prices data, due on Wednesday, and producer prices scheduled on Thursday, followed by the Fed's policy decision on Sept. 20. A recent uptick in oil prices and strong economic data have fueled concerns over stubborn inflation, clouding the outlook for an end to U.S. monetary tightening. Investors will also monitor the European Central Bank's policy decision on Thursday, where it is seen holding rates after nine consecutive hikes. ET, Dow e-minis were down 48 points, or 0.14%, S&P 500 e-minis were down 9 points, or 0.2%, and Nasdaq 100 e-minis were down 27.5 points, or 0.18%.

Persons: Carlo Allegri, Wall, Morgan Stanley, BoE, Mohit Kumar, Ankika Biswas, Shristi, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Kappa, Dow, Nasdaq, Microsoft, Investors, Fed, ECB, Jefferies, Dow e, Oracle, Paramount Global, Amusements, Thomson Locations: New York, U.S, Bengaluru

☆ Disney, Charter reach distribution deal ahead of 'Monday Night Football'
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

Rival media companies Warner Bros Discovery (WBD.O) and Paramount Global (PARA.O) gained 2.3% and 2%, respectively. That deprived nearly 15 million Spectrum video subscribers of access to the U.S. Open tennis tournament, college football and other programming. Charter pays Disney more than $2.2 billion annually for the right to distribute the media giant's channels to subscribers. Companies like Charter say rising distribution fees are forcing cable companies to increase prices, causing consumers to leave. It wants to keep as many cable subscribers as possible while it prepares to offer ESPN directly to consumers on an app.

Persons: Brendan McDermid, Walt Disney, Robert Iger, Chris Winfrey, Akash Sriram, Maju Samuel Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Charter Communications, ESPN, NFL, Disney, Warner Bros Discovery, Paramount Global, ABC, U.S, Buffalo Bills, New York Jets, Charter, Companies, NBA, Thomson Locations: New York, U.S, New York City, Los Angeles, Bengaluru

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