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Netflix Q1 Subscriber Estimates Too High? Analyst Cautions On Elevated Expectations, 'How Big Is The Beat' Mentality
Friday, April 12, 2024 - 4:20pm | 462Leading streaming company Netflix Inc (NASDAQ:NFLX) is set to report first-quarter financial earnings on April 18. An analyst sizes up expectations for Netflix's upcoming report. The Netflix Analyst: Piper Sandler analyst Matt Farrell has a Neutral rating. Farrell also raised the price target from...
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Hollywood Writers Accept Tentative Deal, Including Pay From Streamers: What About Actors?
Monday, September 25, 2023 - 8:49am | 718The Writers Guild of America (WGA), representing over 11,000 screenwriters, has taken a monumental step towards ending Hollywood’s crippling 146-day strike. In a historic move, WGA members reached a tentative agreement with entertainment companies that could reshape the industry landscape....
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Disney May Pick Up Hulu, CEO Wants More Eyeballs
Thursday, May 18, 2023 - 5:23pm | 890Shares of Walt Disney (NYSE: DIS) are trading at one of their lowest valuations since 2016 (excluding COVID-19 adverse effects) after a two-year downtrend that started on March 2021; CEO Bob Iger is looking to turn things around and revive the stock price into new highs. The Disney chart...
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How Russia Is Trying To Replace McDonald's And Peppa Pig
Thursday, March 17, 2022 - 5:38pm | 786Companies have pulled out of Russia in record numbers after the country invaded Ukraine. Russia is retaliating against some of the companies by looking the other way or ending patent protection on trademarks. Here’s the latest. There’s A New McDonald’s: A new trademark filing in...
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5 Entertainment Stocks To Watch Ahead Of This Week's Earnings: Video Games And Casinos
Monday, November 1, 2021 - 1:24pm | 892Earnings season is in full swing and this week features many well-known companies reporting quarterly financial reports. Every week, Benzinga takes a look at some specific sectors that have a large number of companies that report earnings. This week’s sector is entertainment stocks...
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Netflix Offers Free Content For Mobile Users In Kenya To Lure New Subscribers
Tuesday, September 21, 2021 - 2:06am | 496Netflix Inc (NASDAQ: NFLX) said Monday it is launching a free mobile plan with limited TV shows and movies in Kenya as it looks to score new subscribers in the key African country. What Happened: The streaming giant said the free plan is available on Android mobile phones and will not have ads...
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Disney, Facebook, Robinhood, Zoom, Coinbase And More: These Are Cathie Wood's Key Trades From Monday
Tuesday, September 14, 2021 - 5:57am | 539Cathie Wood-led Ark Investment Management on Monday snapped up 19,300 shares — estimated to be worth about $3.57 million — in Walt Disney Co (NYSE: DIS), as the media and entertainment company scores success with the theater-only ‘Shang-Chi’ release. Disney shares closed 0....
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Wells Fargo's Chris Harvey Says Software Is A 'Crowded Trade,' Look Toward This Sector Instead
Sunday, August 29, 2021 - 11:20pm | 607Chris Harvey, the head of equity strategy at Wells Fargo Securities, on Friday told CNBC he believes the software sector is a crowded place and that media and entertainment are set to see a record rally. Bearish On Software: Harvey has downgraded the rating on software groups to underweight...
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Why Netflix's Video Game Launch Is Critical For Streaming Platform: Matthew Ball
Thursday, August 26, 2021 - 11:56am | 885Investors and metaverse expert Matthew Ball has released his latest industry essay, and the subject of the new piece explores why Netflix Inc (NASDAQ: NFLX) could be getting into video games and what kind of success the company may have. Ball is a partner in the Roundhill Ball Metaverse ETF (...
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Disney Reportedly Considering Purchase Of Spider-Man Rights Or Film Division From Sony: What Investors Should Know
Sunday, August 22, 2021 - 5:42pm | 621Over the years a battle has brewed between the Walt Disney Company (NYSE: DIS) and Sony Corp (NYSE: SONY). The battle stems from the controlled interest Sony has in one of the most popular comic book characters of all-time: Spider Man. What Happened: In the 1990s, a near bankrupt Marvel sold the...
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AMC Shares Spike On Complete Reopening Optimism: What You Need To Know
Wednesday, March 17, 2021 - 9:49pm | 543Shares of AMC Entertainment Holdings Inc. (NYSE: AMC) climbed almost 4% in extended trading on Wednesday after the movie theatre chain said 98% of its U.S. locations will be open beginning Friday. What Happened: With additional openings in the U.S. expected over the next week, AMC expects 99% of...
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AMC Could Be Getting Up To 10% On Film-Rental Fees From WarnerMedia, Says Analyst
Friday, March 12, 2021 - 3:37am | 542Struggling movie theatre chain AMC Entertainment Holdings Inc. (NYSE: AMC) is likely getting discounts on film-rental fees from AT&T Inc.’s (NYSE: T) subsidiary WarnerMedia, the Wall Street Journal reported Thursday. What Happened: During an earnings call Wednesday, AMC Chief...
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AMC Says No Longer In 'Survival' Mode With Vaccine Rollout, Big Movie Releases On The Horizon
Thursday, March 11, 2021 - 5:48am | 490Movie theatre chain AMC Entertainment Holdings Inc. (NYSE: AMC) expects the rollout of COVID-19 vaccines in the U.S. and the blockbuster movie titles scheduled to be released in the coming months to boost sales this year, according to a report by Reuters. See also: How to Buy AMC Stock What...
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AMC Sees Price Target Doubled At Wedbush Amid Meme Stock Renaissance
Tuesday, March 9, 2021 - 4:12am | 466AMC Entertainment Holdings Inc (NYSE: AMC) shares spiked Monday after Wedbush analyst Michael Pachter doubled the price target on the cinema chain, MarketWatch reported. What Happened: AMC was among a pack of so-called meme stocks whose shares were buoyant on Monday, the others include GameStop...
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7 Entertainment Stocks Moving In Monday's Session
Monday, January 27, 2020 - 1:50pm | 262Gainers • Genius Brands Intl, Inc. (NASDAQ:GNUS) stock rose 6.8% to $0.34 during Monday's regular session. Losers • AMC Entertainment Hldgs, Inc. (NYSE:AMC) stock plummeted 4.3% to $6.44 during Monday's regular session. The most recent rating by Bank of America, on December...