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One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.
Google parent Alphabet will report fourth-quarter earnings Thursday after the close of regular trading. Revenue: $76.53 billion, according to Refinitiv estimates. $76.53 billion, according to Refinitiv estimates. $8.25 billion, according to StreetAccount estimates. $7.43 billion, according to StreetAccount estimates.
Analysts will likely fire off competition questions about the buzzy ChatGPT tool alongside those about the company's traditional search business. The company heads into the earnings report after saying last week it's laying off 12,000 employees, following two years of "dramatic growth." "ChatGPT vs Google -- Bottom Line: Search Unlikely to be Uprooted by ChatGPT," Jefferies Brett Thill in outlining its "bullish" view on Alphabet in a note published last week. "We continue see Google as defensive stock in sector, layoffs & other cost-cutting could lead to 2H margin improvement thesis," he said. BofA expects fourth-quarter core Google margins to be down 566 basis points year over year as headcount growth outpaces search.
Alphabet (GOOGL) reported weaker-than-anticipated fourth-quarter results Thursday evening as a combination of foreign exchange headwinds and a slowdown in ad spending continued to plague the company. Bottom line This wasn't a great showing from Alphabet, but management's call with investors reassured us about the path ahead. The team said it will continue to invest in growth and the future — something we appreciate as long-term investors. While the effort to slow operating expense growth is underway, the team said the impact will become more visible in 2024. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
DirecTV is laying off hundreds of employees — roughly 10% of its upper ranks — as the company looks to reduce costs amid the heightened pain of cord cutting for pay-TV providers, according to people familiar with the matter. DirecTV and its peers have long been under pressure as customers cut the cord and opt for streaming services. Satellite TV providers such as DirecTV and Dish in particular have seen some of the highest pay-TV subscriber losses in recent years. In addition to satellite TV, the company also offers DirecTV Stream, an internet-TV bundle similar to Google's YouTube TV and Dish's Sling. Competition has ramped up in rural areas as broadband and fixed wireless companies build out networks in areas where satellite TV providers were once some of the only TV providers.
Once high-flying mega-cap technology stocks tumbled in 2022, but some investors are willing to bet on Amazon and Alphabet in 2023, a new Delivering Alpha investor survey suggests. Betting on energy Energy stocks rallied in 2022 as the world grappled with supply constraints fueled by the conflict in Ukraine, but some investors aren't giving up on it just yet. When asked which areas they plan to focus on at the beginning of 2023, 41% of respondents highlighted energy stocks. Fundstrat's Tom Lee told CNBC last month that energy stocks can more than double next year even if the market stays flat . As uncertainty lingers, survey respondents also said they plan to look beyond the U.S. in 2023 toward opportunities in emerging markets.
Streaming TV ad spend will surge in 2023. The foundation is set for streaming TV advertising to be a huge growth area in 2023. The global media agency Magna Global predicted in its recent forecast that streaming TV ad spend in the US will surge 32.7% next year. Here's what experts — including advertisers, content owners, TV measurement firms, and analysts — think will impact the flow of dollars in streaming TV advertising next year. More advertisers will buy streaming TV ads — and pay higher rates — because of live sports2022 was a boom year for live sports in streaming TV.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYouTube-NFL deal creates new loss leader for Google, says The Ankler's Sean McNultySean McNulty, The Ankler correspondent, joins 'Power Lunch' to discuss if YouTube will make money from its purchase of NFL Sunday Ticket, how the math pays out for Alphabet and more.
Energy — Energy stocks outperformed on the S&P 500 following a rise in oil prices, which jumped Friday on expectations of a drop in Russian crude supply. Biogen — The biotech stock declined fell slightly after Biogen's Japanese partner Eisai said a third person has died during a trial of their experimental Alzheimer's treatment, confirming Reuters reports. Carnival , Norwegian Cruise Line — Cruise line operators declined as fears of a recession weighed on consumer discretionary stocks, which was one of three worst performers in the S&P 500. Shares of Carnival were down more than 4%, while Norwegian Cruise Line was down more than 2%. Mission Produce — Shares of the avocado producer dropped more than 14% after the company reported financial results for its most recent quarter.
Case in point: Natural gas prices plunge roughly 25% this week alone and even more for the month. Citi cuts price target on Paychex (PAYX) to $119 per share from $131. Wedbush cuts price target on Tesla (TSLA) to $175 per share from $250, though keeps its outperform (buy) rating. Loop Capital cut Paramount Global (PARA) to a sell from hold, slashing its price target to $14 per share from $30. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Landing the NFL's Sunday Ticket could help YouTube-parent Alphabet accelerate its subscription services, according to Citi. "[We] believe the Sunday Ticket could accelerate adoption of more subscription services," Josey added. The price target implies shares could surge 36% from Thursday's closing price. The Sunday Ticket package will be available to viewers as an add-on service on YouTube TV, or on YouTube Primetime Channels as a stand-alone a la carte option. In July, Google said YouTube TV has more than 5 million customers, which included trial subscriptions.
Traditional TV networks got what they wanted out of it, too. Google's YouTube TV bundle includes broadcast stations like CBS, Fox and NBC. Sports, and particularly the NFL, have long been considered the glue holding the traditional TV bundle together. YouTube TV had more than 5.3 million subscribers as of the third quarter, putting it above its competitors like Disney's Hulu Live TV+, Fubo TV and Dish's Sling, according to data from MoffettNathanson. "This is a win for YouTube TV as it serves a larger goal for them getting more subscribers.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNFL's ‘Sunday Ticket’ agreement with YouTube is 'a good deal,' says Bruin Capital's George PyneGoogle-owned YouTube has secured a multi-year deal for the NFL 'Sunday Ticket' package. George Pyne, founder and CEO of Bruin Capital, joins CNBC's 'Squawk Box' to discuss.
YouTube will pay an average price of roughly $2 billion a year to secure rights to the NFL Sunday Ticket franchise, people familiar with the deal said, the latest sign that the migration of sports from traditional television to streaming is chugging ahead. The deal cements YouTube, a division of Alphabet Inc.’s Google, as a rising force in streaming online and on television sets. The business, which began as a website serving user-generated clips with little curation, now also sells the cable bundles and prime sports programming that it once set out to supplant.
YouTube TV will pay roughly $2 billion a year for the rights of the Sunday Ticket package, according to people familiar with the matter. Amazon secured the rights to “Thursday Night Football,” making it the first streaming-only platform to air NFL games, paying about $1 billion per year. YouTube TV is an internet bundle of broadcast and cable networks that mirrors a traditional linear pay-TV operator. The company has been expanding its sports footprint for its Apple TV+ streaming service. DirecTV is interested in delivering Sunday Ticket games in a similar capacity, people familiar with the matter have said.
New York CNN —The popular NFL Sunday Ticket package is leaving DirectTV and heading to YouTube TV. The NFL announced the partnership with YouTube TV, owned by Google, on Thursday. Starting next season, NFL Sunday Ticket will be available as an add-on package on YouTube TV and standalone on YouTube Primetime Channels. In 2020, the NFL started streaming NFL Network and NFL RedZone to YouTube TV subscribers. The poaching of Sunday Ticket from DirecTV also represents a major boost to YouTube TV, one of the many online television services that seeks to replace cable and satellite television.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYouTube scores a touchdown with NFL Sunday Ticket: What it means for streamingGoogle's YouTube lands the NFL whale for $2B annually over 7 years. With CNBC's Frank Holland and the Fast Money traders, Tim Seymour, Guy Adami, Dan Nathan and Courtney Garcia.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. While shares of EL were down to around $241 each mid-morning on Thursday, Jim Cramer thinks they could slip further by the close. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Patrick Mcdermott | Getty ImagesIn the latter option, consumers will be able to subscribe only to "Sunday Ticket" without having a YouTube TV subscription. NFL Media not includedThe deal with YouTube TV does not include a stake in NFL Media, which includes the linear cable channels NFL Network and RedZone, as well as NFL.com. Prasad said Thursday the NFL is still evaluating potential partners for NFL Media, "but there's no specific initiative right now." It's the last NFL package to land a media rights renewal. Amazon secured the rights to "Thursday Night Football," making it the first streaming-only platform to air NFL games, paying about $1 billion per year.
YouTube has landed a multi-year deal for NFL Sunday Ticket. The package allows viewers to watch Sunday NFL games from outside of their local market. YouTube has landed the rights to NFL Sunday Ticket in a multi-year agreement, YouTube and the NFL announced on Thursday. NFL Sunday Ticket allows viewers to watch NFL Sunday games that are outside of their local market. NFL games are still some of the most-watched telecasts on broadcast networks in any given year.
Its App Store search ad business is growing at a clip and Apple has begun pitching advertisers Major League Soccer ad packages. Here's what experts think Apple might have in store for its advertising business next year, from TV ads to further privacy interventions. Prediction 2: Ads will be placed on Apple TV+Apple's 10-year, $250 million-a-season deal to broadcast Major League Soccer on Apple TV will air its first game in February 2023. It could become the key entry point for advertisers looking to reach Apple users across its portfolio of apps and services. "Apple is about to find out how difficult it is to serve TV ads," he added, referring to its MLS telecasts.
The agreement is a strong one for both the league and Alphabet (GOOGL), the parent company of Google and a Club holding. It's not hard to see why the National Football League would want to distribute games with such an established streaming player like YouTube. Amazon (AMZN) already has Thursday Night Football , while Apple (AAPL) previously secured the rights to Major League Baseball and Major League Soccer games. What's good for ad buyers is good for Alphabet as it will pull more advertising dollars into the company's various offerings. As noted during Thursday's "Morning Meeting" for Club members, monetization opportunities are not exactly clear beyond additional advertising and YouTube subscription revenues.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Santa Claus rally may be here early 'Buy things that nobody wants' We still like Starbucks Alphabet's smart play for NFL package 1. Alphabet's smart play for NFL package Club holding Alphabet (GOOGL) is well-positioned to elevate the NFL Sunday Ticket package and bring out some untapped potential at YouTube. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
The Kansas City Chiefs playing the Houston Texans in an NFL game in Houston, Texas, on Sunday. The National Football League is in advanced talks on a deal with Google’s YouTube, part of Alphabet Inc., for exclusive rights to “Sunday Ticket,” a subscription-only package that allows football fans to watch most Sunday afternoon games, people familiar with the matter said. An agreement could be reached as early as Wednesday following a meeting of NFL owners who are required to approve rights deals.
The National Football League is finalizing a deal for the rights to its subscription-only package of games known as Sunday Ticket with Google's YouTube TV, according to people familiar with the matter. Goodell said earlier that the league aimed to announce a rights deal with Sunday Ticket by the end of the fall. The Sunday Ticket package has been the NFL's only set of media rights that has yet to be renewed through 2030. The deal with YouTube TV comes after various media operators, including Amazon , Apple and Disney's ESPN, considered the rights to the property. WATCH: I believe NFL media rights will be moving to streaming
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