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Milestone: More People Are Now Willing To Pay For Netflix Than Traditional Cable TV
Wednesday, June 14, 2017 - 12:01pm | 367Netflix, Inc. (NASDAQ: NFLX) investors have reason to celebrate as the company achieved a notable victory in its quest to take on major cable providers. For the first time, Netflix now boasts more subscribers than the largest cable pay-TV providers in the country, Statista noted. Based on data from...
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WWE Targets August For Launch On New Monthly Snapchat Content
Tuesday, June 6, 2017 - 12:06pm | 479World Wrestling Entertainment, Inc. (NYSE: WWE) is looking to expand its social media and mobile presence by the end of August, according to PWInsider. WWE is reportedly going to produce monthly programming for Snap Inc (NYSE: SNAP)’s Snapchat platform and is looking to roll out the content...
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Analyst Weighs In On Disney's Q2 And The 'False Rally' In Media Stocks
Wednesday, May 10, 2017 - 12:05pm | 395Walt Disney Co (NYSE: DIS)'s earnings report showed that its TV business is facing various headwinds, including higher content cost and subscribers ditching their cable offering. Speaking as a guest on CNBC, Bernstein's Todd Juenger described Disney's report as confirmation of "...
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Iger Breaks Down Disney's ESPN Issues
Wednesday, May 10, 2017 - 9:12am | 447Walt Disney Co (NYSE: DIS)'s earnings report Tuesday made one thing clear: the company's ESPN and cable networks is a double-edged sword. As noted by a CNBC report, Disney's cable network revenue for the quarter actually rose 3 percent to $4.1 billion. At the same time, the segment'...
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Is The iPhone The New Cord-Cutting Device? Tim Cook Says 'Absolutely'
Thursday, May 4, 2017 - 10:27am | 381CNBC's Jim Cramer believes Apple Inc. (NASDAQ: AAPL)'s iPhone is a powerful enough device for consumers to part ways with their monthly cable subscription. Typically speaking, consumers wishing to part ways with their monthly cable service require a TV or at the very least a tablet. But Cramer...
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ESPN Layoffs Said To Be Larger Than Expected, Including 'Significant' On-Air Names
Tuesday, April 25, 2017 - 12:10pm | 468Walt Disney Co (NYSE: DIS)'s investors were cautioned in early March that there might be big layoffs coming to ESPN. Sports Illustrated's Richard Deitsch reported at that time that ESPN was looking to slash its payroll by tens of millions of dollars, and the sports unit's most recognizable...
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Despite 5-Day Run Of New Highs, Disney's ESPN Slowdown And Cord-Cutting Merit Downgrade
Monday, April 24, 2017 - 9:59am | 451Shares of Walt Disney Co (NYSE: DIS) hit its fifth consecutive new 52-week high of $115.12 on Friday and the stock is now higher by nearly 10 percent since the start of 2017 and 170 percent over the past five years versus a 70 percent gain in the S&P 500 index and 58 percent in the Dow Jones...
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One Of The First Reviews Of YouTube's New TV Streaming Service
Thursday, April 6, 2017 - 8:58am | 341Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) announced earlier this year its YouTube platform will begin selling a live TV streaming subscription platform for $35 a month. Initial reactions to the new offerings was mixed but after the platform was launched in select markets this week, reviews are...
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The Cord-Cutting Trend Is A Myth, New Survey Finds
Wednesday, March 22, 2017 - 2:29pm | 366The biggest concern held by media and cable companies is the growing trend of cord-cutting. But these concerns may be overblown, at least according to a new Deloitte study. Deloitte's 11th Annual "Digital Democracy Survey" found that the percentage of American homes that pay for TV...
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YouTube CEO Pitches New TV Service: 'A Giant Opportunity'
Wednesday, March 1, 2017 - 12:43pm | 341Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube unit announced earlier this week users now watch more than one billion hours worth of content on its platform. But the company isn't stopping there and is now offering users even more reason to part ways with their cable providers....
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Disney's ESPN Woes Could Continue In The New Year
Monday, October 17, 2016 - 12:03pm | 414Daniel Salmon, a media and internet analyst with BMO Capital Markets isn't optimistic about Walt Disney Co (NYSE: DIS)'s ESPN outlook. In a research report, Salmon suggested that ESPN represents around 65 percent of Disney's domestic affiliate fees, and ESPN2 adds another 5 percent. According to...
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MSG Networks Could Thrive In A Cord-Cutting TV Environment
Tuesday, September 6, 2016 - 1:17pm | 408MSG Networks Inc (NYSE: MSGN) faces positive news flow and potential multiple expansion, Albert Fried said while upgrading the stock to Overweight from Market Perform. Albert Fried noted the potential success of the company's pending upfront ad selling season should result in better-than-expected...
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Cramer Likes Disney For The Long Term
Tuesday, August 9, 2016 - 1:10pm | 275Walt Disney Co's (NYSE: DIS) stock has struggled to trade above the $100 per share mark for the most of the past year. Investor concern that Disney's largest segment, ESPN, will see continued declines in its subscribers doesn't appear to be going away as the trend of "cord-...
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Cord Cutting May Not Be Hurting Traditional Media As Much As You Think
Thursday, June 30, 2016 - 10:40am | 407There’s no question that the rise of connected devices has completely changed media consumption. However, according to Citi analyst Mark May, smartphones and other digital media devices may not be taking as much share from traditional TV as many think. The latest numbers from Nielson suggest...
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These Network And Cable TV Channels Are Getting Hit Hardest In 2016
Thursday, June 16, 2016 - 11:41am | 410Neilson recently released C3 ratings through the end of May, and Goldman Sachs analyst Drew Borst took a look at how TV ratings are holding up and which companies are getting hit hardest by cord-cutting. Through the ninth week of Q2 2016, prime-time broadcast ratings for the 18–49 demographic...