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ESPN To Launch 'Ultimate Sports Destination' Streaming App In Fall: Why Analyst Says Disney Can 'Have A Direct Relationship With Their Viewers'
Wednesday, May 14, 2025 - 6:20pm | 761Leading sports brand ESPN is launching a new direct-to-consumer streaming platform under the flagship ESPN brand. Here's a look at what this means for Walt Disney Co (NYSE:DIS) and the streaming sector. What Happened: ESPN announced this week that its long-awaited DTC streaming platform will debut...
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Paramount Analysts Size Up Merger: Skydance Aims For Earnings, 'Not A Breakup,' Redstone Says Content Is King
Monday, July 8, 2024 - 10:24am | 964Media company Paramount Global (NASDAQ:PARA) agreed to a merger with Skydance Media to form "New Paramount," valuing the combined company at $28 billion. Here's a look at what analysts are saying and how Paramount Non-Executive Chairwoman Shari Redstone sees the deal playing out. What Happened:...
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Mark Zuckerberg's Big AI Dreams For Meta 'Not So Clear:' Analyst Questions Profitability Of AI Chatbots
Thursday, April 25, 2024 - 4:44am | 806Influential analyst Rich Greenfield expressed uncertainty about the monetization of AI chatbots, despite acknowledging Meta Platforms Inc. (NASDAQ:META) as a key player in the crowded AI space. What Happened: During “Last Call” CNBC on Wednesday, Greenfield highlighted that Meta’s...
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Paramount, Skydance Deal Could Be 'Home Run' For Shari Redstone, Loss For Shareholders, Investor Warns
Monday, April 8, 2024 - 2:23pm | 902A potential merger between media companies Skydance and Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) has dominated headlines and could see further consolidation in the media sector. One shareholder of Paramount Global is calling out the merger efforts, which could provide cash to Shari Redstone and...
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Paramount, Warner Bros. Discovery Merger Is 'Not The Answer': Analysts Highlight Deal Positives, Negatives
Thursday, December 21, 2023 - 2:14pm | 968A mega-merger could happen in the world of media with two television, movie and streaming companies joining forces. Here's a look at what analysts are saying about a potential combination of Warner Bros. Discovery Inc (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA), which was...
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AMC's All-Time Lows May Go Lower As Silver Screens Fade To Black
Monday, August 28, 2023 - 1:25pm | 601Shares of AMC Entertainment Holdings Inc (NYSE:AMC) are trading at all-time lows. That’s despite the stock completing a 1-10 reverse split and trading in and out of the $12 level on Monday. But, it may not be AMC's more near-term issues that are causing the sell-off. Its APE shares,...
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AMC Earnings Were 'Pretty Great' And 'Better Than Expected': Why Rich Greenfield Calls AMC/APE Situation 'Lose/Lose' For Shareholders
Wednesday, March 1, 2023 - 1:26pm | 844Movie theater leader AMC Entertainment Holdings Inc (NYSE: AMC) reported fourth-quarter financial results after market close Tuesday. The company also shared an update on liquidity and a planned shareholder vote. What Happened: AMC reported fourth-quarter revenue of $990.9 million, down 15.4% year-...
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Does Elon Musk Actually Want To Buy Twitter? 'Maybe This Is All A Joke'
Thursday, April 14, 2022 - 9:19am | 653Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is showing active interest in Twitter Inc (NYSE: TWTR) again, but this time he wants to buy the whole company. What Happened: Musk on Thursday announced an offer to buy Twitter. According to a 13D filing with the U.S. Securities and...
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Why Elon Musk Building His Twitter Stake Signals 'More Aggressive' Involvement Is Likely
Monday, April 4, 2022 - 10:09am | 492In an unexpected move, Tesla, Inc. (NASDAQ: TSLA) founder Elon Musk disclosed in a Monday filing that he has picked up a passive 9.2% stake, or roughly 73.5 million shares in microblogging social media platform Twitter, Inc. (NYSE: TWTR). Could Musk Be Eyeing More Aggressive Ownership? ...
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Analyst Explains Recent Price Action Of AMC Entertainment Stock Ahead Of Earnings
Monday, August 9, 2021 - 9:21am | 354The recent price action in AMC Entertainment Holdings Inc (NYSE: AMC) is showing that retail investors are selling the stock, Lightshed Partners analyst Rich Greenfield said Monday on CNBC's "Squawk Box." "The reality is the short interest has really dried up. The crazy thing now...
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Why This AMC Entertainment Analyst Says Record Weekend Attendance Doesn't Mean Much
Monday, July 12, 2021 - 4:16pm | 461AMC Entertainment Holdings, Inc. (NYSE: AMC) shares were trading lower Monday despite the company announcing the highest weekend attendance at theaters since the pandemic began. What Happened: AMC announced Monday about 3.2 million people watched movies at its theaters globally between...
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Rich Greenfield Doubles Down On AMC Entertainment Bear Case: 'There's No Short Squeeze, This Is Just Factually Bonkers'
Friday, June 4, 2021 - 12:25pm | 593One of the most outspoken voices against AMC Entertainment Holdings (NYSE: AMC) shared more commentary Thursday on the company's share sales and stock price movement. What Happened: In the last five trading days, over 3.2 billion shares of AMC have traded, which is significantly higher...
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Rich Greenfield Explains His 1-Cent AMC Entertainment Price Target
Friday, May 28, 2021 - 9:00am | 382The recent move in AMC Entertainment (NYSE: AMC) has nothing to do with a short squeeze, Lightshed Partners analyst Rich Greenfield said Friday on CNBC's "Squawk Box." What Happened: 680 million shares were traded Thursday, yet AMC Entertainment only has 450 million ...
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Why Comcast Could Be Ready To Cash In On Hulu Stake With Disney
Tuesday, March 9, 2021 - 1:53pm | 619The streaming market has seen explosive growth over the last few years. Hulu is one of the largest streaming companies and had a split ownership between media giants. Now, Hulu could soon see sole ownership under the Disney umbrella. What Happened: Hulu currently has split ownership between the...
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After A Bearish Prediction Last May, Analyst Admits He Was Wrong About Disney
Friday, January 8, 2021 - 5:11pm | 318Lightshed Partners' Rich Greenfield acknowledged Friday that "we were wrong" in downgrading Walt Disney Co. (NYSE: DIS) in May. He upgraded Disney's stock from Sell to Neutral. The Thesis: Simply put, a shift towards a bearish stance on Disney's stock in May "has...