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Hollywood Stocks Fall Sharply in 2022 Amid Ad Challenges, Focus On Streaming Profits Netflix’s stock may have been immune to the coronavirus pandemic and rose even during the volatile 2021, but it couldn’t escape seeing its own shares, and most other Hollywood stocks, being brought down to Earth in 2022. The streamer ended trading on…
Comcast Stock Gets Upgrade Even Though Analyst Is “Bearish on NBCU” Comcast has earned an upgrade from Wells Fargo analyst Steven Cahall, who raised his stock rating from “underweight” to “equal weight” on Monday despite a bearish outlook on the cable, media and tech giant’s entertainment unit NBCUniversal. He also raised his stock price target…
“#Steph Curry’s Unanimous Media inks deal with Comcast, NBCUniversal” NBA star Stephen Curry and his Unanimous Media production company have inked a sweeping talent deal with Comcast and NBCUniversal, the companies said Tuesday. The multi-year deal is being billed by Comcast-owned NBCUniversal as its first-ever “global talent partnership.” The deal includes a host of first-look development opportunities…
“#Comcast and ViacomCBS to launch ‘SkyShowtime’ streaming service in Europe” Comcast and ViacomCBS are teaming up to launch a European streaming service in 2022, both companies said Wednesday. Dubbed “SkyShowtime,” the service will include new and previously released TV shows and movies from Comcast-owned Sky and NBCUniversal and ViacomCBS brands like Showtime, Nickelodeon and Paramount…
“#NBCUniversal delays office return amid rising COVID-19 cases” Comcast’s NBCUniversal is postponing its return to office, citing a rise in breakthrough cases of COVID-19. NBC had been planning a large-scale return to the office after Labor Day, but it is now moving the date to Oct. 18 “at the earliest,” the company said Wednesday. And…
“#ViacomCBS waiting for other suitors: sources” Shari Redstone is hitting pause on any potential partnership talks between her media company ViacomCBS and NBC owner Comcast in hopes of lining up more suitors, The Post has learned. The billionaire heiress, who serves as chairman of ViacomCBS, has decided to hold off until next year before re-engaging…
“#Comcast beats earnings expectations as NBCUniversal’s recovery takes shape” Cable giant Comcast continued to benefit from rising demand for high-speed internet as customers work from home during the pandemic, helping it beat second-quarter earnings expectations. The company added that entertainment division NBCUniversal, which includes Hollywood movie studio Universal Pictures, streaming service Peacock and Universal Studios…
“#Comcast, ViacomCBS bosses discussed streaming deal: report” Comcast chief executive Brian Roberts and ViacomCBS chairman Shari Redstone met in recent weeks to discuss a potential streaming pact for international markets, according to a new report. Roberts, Redstone and ViacomCBS CEO Bob Bakish convened in New York at the end of June to explore a host…
“#Amid mega-mergers and acquisitions, ViacomCBS may be in play” In the world of mergers and acquisitions, Wall Street bankers have an old saying: “Everyone talks to everyone.” The cliché describes those preliminary M&A powwows between CEOs that are so commonplace, you probably shouldn’t label them “deal discussions.” Except on those occasions when they deserve that…
“#Tongues wagging over Shari Redstone meeting with Comcast” SUN VALLEY, Idaho — Media tongues are wagging about what potential streaming collaborations might be brewing in the wake of this week’s Allen & Co. conference for tech and media moguls. The powwows between media bosses at the Sun Valley confab reached a new level of intensity…