Fox (NASDAQ:FOXA) Stock, Quote.Headers.trade-ideas

Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay-TV sports stations. Television primarily includes the Fox broadcast network, 29 owned and operated local television stations, of which 18 are affiliated with the Fox network, and streaming platform Tubi, which is not subscription-based and is completely ad-supported. Fox effectively sold most of its entertainment assets to Disney in 2019, so it no longer creates entertainment content and relies heavily on live news and sports, with nearly all tied to the pay-TV bundle. The Murdoch family controls Fox.

xr:d:DAE9HpS4rJc:11024,j:4001853951589038653,t:23101115

Entertainment

Sports Betting

Sports

AMZN

CMCSA

DKNG

FOXA

PARA

PARAA

Week 3 NFL betting odds and storylines to watch, including how 2-0 and 0-2 teams typically perform against the spread.

NFL Week 3 Betting Odds, National TV Games: Can Disney Win With Two Monday Night Football Games? How Many 2-0 Teams Will Stay Perfect?

Baseball Aspirations

Trading Ideas

NFLX

NFL fans helped media companies see big viewership figures to kickoff the 2024 season. Here are the stocks that won.

NFL Games Dominate Week 1 Ratings, Start Week 2 With A Bang: These Companies Might Benefit

Legal

A battle over future control of Fox within the Murdoch family could change how the company will be run when patriarch Rupert Murdoch passes away.

Rupert Murdoch&#39;s Family Court Battle Over Fox Control Mirrors &#39;Succession&#39; Drama

Fox Corp

The 2024 National Football League season enters Week 3 with nine of the 32 teams holding a perfect 2-0 record, including the Kansas City Chiefs, hoping to become the first NFL team to win<a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-"> three straight Super Bowls.</a>
Here's a look at the betting odds and media companies that could benefit in the third week of the 2024 NFL season.
Week 3 Betting Odds: Week 3 features 16 <a href="https://www.benzinga.com/general/entertainment/24/09/40886493/nfl-games-dominate-week-1-ratings-start-week-2-with-a-bang-here-these-companies-might-benef">NFL games </a>across Thursday, Sunday and Monday and will see two matchups of 2-0 perfect teams.
Here are the week 3 matchups and the betting odds from sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) with the team's records in parentheses.
<ul>
<li>New England Patriots (1-1) at New York Jets (1-1) -6</li>
<li>Denver Broncos (0-2) at Tampa Bay Buccaneers (2-0) -6.5</li>
<li>Los Angeles Chargers (2-0) at Pittsburgh Steelers (2-0) -1.5</li>
<li>New York Giants (0-2) at Cleveland Browns (1-1) -6.5</li>
<li>Houston Texans (2-0) -2 at Minnesota Vikings (2-0)</li>
<li>Philadelphia Eagles (1-1) at New Orleans Saints (2-0) -2.5</li>
<li>Green Bay Packers (1-1) at Tennessee Titans (0-2) -2</li>
<li>Chicago Bears (1-1) at Indianapolis Colts (0-2) -1.5</li>
<li>Carolina Panthers (0-2) at Las Vegas Raiders (1-1) -5</li>
<li>Miami Dolphins (1-1) at Seattle Seahawks (2-0) -4.5</li>
<li>Detroit Lions (1-1) -3 at Arizona Cardinals (1-1)</li>
<li>Baltimore Ravens (0-2) -1 at Dallas Cowboys (1-1)</li>
<li>San Francisco 49ers (1-1) -7 at Los Angeles Rams (0-2)</li>
<li>Kansas City Chiefs (2-0) -3.5 at Atlanta Falcons (1-1)</li>
<li>Jacksonville Jaguars (0-2) at Buffalo Bills (2-0) -5</li>
<li>Washington Commanders (1-1) at Cincinnati Bengals (0-2) -7.5</li>
</ul>
A quick look at the betting odds shows five of the away teams favored, down from the six away teams favored in week two and up from two away teams favored in the first week.
The third week features the 2-0 matchups between the Chargers and Steelers and the Texans vs. the Vikings. BetMGM's John Ewing <a href="https://x.com/johnewing/status/1836214185673248852">notes </a>that in the last 10 years, underdogs are 35-20-1 against the spread when undefeated teams play each other.
None of the Week 3 matchups are between 0-2 teams, which means there could still be nine 0-3 teams after the week is over as these teams fight to get a win on their record.
Bettors may focus on 0-2 teams desperate for a win. Ewing noted that 0-2 teams are 52-33-1 against the spread in Week 3 over the past decade.
Thursday night's game kicks off with a big spread of six points, and sports betting reporter Ben Fawkes <a href="https://x.com/BFawkes22/status/1836766403648483476" target="_blank" rel="noopener">notes </a>that it will be the first time the Jets are favored against the Patriots in 25 games. This will end the longest active head-to-head streak of two teams against each other.
Sports betting reporter Evan Abrams <a href="https://x.com/EvanHAbrams/status/1835526810903138789">notes </a>that underdogs of 6+ points are 8-0 against the spread through the first two weeks, marking the best start for big underdogs in NFL history.
According to Fawkes, at DraftKings, the most bets on teams against the spread are the Chiefs -3.5 (81% of bets), Saints -2.5 (78%), Bengals -7.5 (77%), Raiders -5.5 (77%), and 49ers -7 (76%).
Sportsbooks have been<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40885110/draftkings-sportsbooks-could-benefit-from-week-2-nfl-underdogs-winning"> benefitting from underdogs </a>covering the spread and winning outright, and the public is 11-20-1 against the spread through the first two weeks, according to <a href="https://x.com/BFawkes22/status/1836526740220579887">Fawkes</a>.
Read Also: <a href="https://www.benzinga.com/general/sports-betting/24/09/40720484/which-4-teams-have-never-reached-the-super-bowl-betting-payouts-if-history-is-made-in-2024">Which 4 Teams Have Never Reached The Super Bowl? Betting Payouts If History Is Made In 2024 NFL Season</a>
Media Stocks on Watch: NFL games are averaging 19.7 million viewers per game through the first two weeks, up 12% year-over-year, as <a href="https://x.com/NFLMedia/status/1836495412649509024">reported </a>by the league. This marks the second-highest average through the second week in league history.
Here are the national primetime television games for the third week of the NFL season:
<ul>
<li>Thursday, Sept. 19, 8:15 p.m. ET: Patriots, Jets on Prime Video, a unit of Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and NFL+</li>
<li>Sunday, Sept. 22, 8:20 p.m. ET: Chiefs, Falcons on NBC, Peacock, units of Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)</li>
<li>Monday, Sept. 23, 7:30 p.m. ET: Jaguars, Bills on ESPN, a unit of The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)</li>
<li>Monday, Sept. 23, 8:15 p.m. ET: Commanders, Bengals on ABC, ESPN+, units of Disney</li>
</ul>
The Sunday 1 p.m. ET and 4 p.m. ET games will be broadcast by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) unit CBS and Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) unit FOX.
Disney could be the big winner for the week with two Monday Night Football games across its networks. Comcast also stands to benefit with a primetime matchup featuring the Chiefs. While Taylor Swift could be in attendance to watch boyfriend Travis Kelce, the Chiefs remain a popular team for viewership regardless. 
The Chiefs&#8217; first two games of the season are the most-watched NFL games, drawing 28 million viewers in Week 1 and 27.9 million in Week 2.
Comcast has two of the top five most watched NFL games through the first two weeks, with CBS, Fox and Disney each having one game on the list.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a></li>
</ul>
Photo: Shutterstock

Two weeks of the 2024 National Football League season are almost in the books with soaring interest from fans around the world, which could benefit media companies that <a href="https://www.benzinga.com/general/entertainment/23/10/35320588/nfl-viewership-dominates-ratings-for-broadcast-streaming-with-or-without-taylor-swift-fans-">have NFL rights.</a>
What Happened: Viewership figures are in for the first week of the NFL season along with the first "Thursday Night Football" game from Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) streaming platform Prime Video, which kicked off<a href="https://www.benzinga.com/general/entertainment/24/09/40841727/nfl-week-2-betting-odds-media-stocks-to-watch-will-josh-allen-stay-perfect-on-thursdays-can"> the second week.</a>
The first week saw NFL games average 21 million viewers, setting the highest opening-week average on record for the league.
Among the media companies that benefitted from the opening week of the NFL season were Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) and The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>).
Comcast had three prime-time games during the first week with the opening game on Sept. 5, a Peacock streaming exclusive on Sept. 6 and the opening weekend's Sunday Night Football game. Viewership for the opening kickoff game was 29.2 million, up 9% to last year's kickoff game, as <a href="https://www.hollywoodreporter.com/tv/tv-news/tv-ratings-nfl-returns-in-dominating-form-1236001230/">reported </a>by The Hollywood Reporter.
The Friday night Peacock exclusive game had an average of 14 million viewers. The opening Sunday Night Football game was watched by an average of 22.8 million people across NBC and Peacock.
Disney saw 20.5 million viewers for the first Monday Night Football game of the season across ABC, ESPN, ESPN2 and streaming platforms.
CBS and Fox also saw strong viewership for the Sunday afternoon games with Fox averaging an impressive 23.9 million viewers for the late Sunday afternoon national game between the Dallas Cowboys and Cleveland Browns, which was Tom Brady's Fox broadcast debut for broadcasting.
The second week of the NFL season kicked off with a ban with Amazon's first 2024 game seeing an average of 14.96 million viewers. The figure was the third largest Thursday Night Football game for Amazon ever and significantly ahead of the company's 2023 season average viewership of 11.8 million viewers.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/09/40776084/kendrick-lamar-to-perform-super-bowl-lix-halftime-could-apple-fox-and-universal-music-get-a">Kendrick Lamar To Perform Super Bowl LIX Halftime: Could Apple, Fox And Universal Music Get A Boost?</a>
Why It's Important: Media companies continue to shell out millions of dollars for national sports rights, especially the NFL.
The strong opening week viewership show exactly why, as having the rights to key NFL games can help with advertising revenue and also boost streaming subscribers.
In 2023, 93 of the top 100 most watched shows were NFL games, according to data from Nielsen. A <a href="https://variety.com/2023/tv/news/most-watched-shows-2023-ncis-oscars-blue-bloods-super-bowl-yellowstone-1235854795/">report </a>from Variety showed that 45 of the top 100 most watched primetime broadcasts in 2023 were NFL games.
While Disney, Fox and Paramount have benefitted from NFL rights for many years, Comcast could be one of the biggest beneficiaries for the 2024 season with the extra primetime game in the first week and the potential boost to its Peacock streaming platform.
Amazon signed a big streaming-only deal with the NFL that has benefitted the company with additional branding boost for Prime Video and also led to more sign-ups for the streaming platform.
The streaming company's NFL deal also led to other streaming companies ready to commit more to live sports rights, including rival streaming platform Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
After years of focusing on what it calls sports adjacent programming of sports docuseries and specials, Netflix is now investing more in live sports content. The streaming giant will air its first NFL games in the 2024 season with two highly anticipated Christmas day matchups.
Netflix will stream the Kansas City Chiefs at Pittsburgh Steelers at 1 p.m. ET and the Baltimore Ravens at Houston Texans at 4:30 p.m. ET on Christmas Day. The games could provide a boost to Netflix's subscriber count, particularly its ad-supported plan which has been a large company focus.
For the NFL, media partners mean big dollars. For media partners, the NFL means big viewership and advertising money. A potential win-win for all parties involved.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/05/38909548/2024-nfl-schedule-unpacked-media-partners-win-taylor-swift-tour-dates-considered-new-betti">2024 NFL Schedule Unpacked: Media Partners Win, Taylor Swift Tour Dates Considered, New Betting Odds And More</a></li>
</ul>
Image: Shutterstock

News

FOX Nation Launches New Series "Truths with Vivek Ramaswamy" On September 22, Alongside One-Hour "Just Ask" Forum Moderated By Pete Hegseth; Series To Feature Ramaswamy Addressing Conservative Ideals And National Issues

Award-winning HBO series "Succession," which centered on a media company's patriarch struggle to find a successor for his company was a work of fiction that was <a href="https://www.benzinga.com/general/entertainment/23/07/33208010/hbo-netflix-apple-and-streaming-dominate-emmy-award-nominations-the-last-of-us-succession-t">well loved by viewers.</a>
The real-life story that inspired the hit show is set to play out in court beginning this week.
What Happened: A battle for control of Fox News and other assets of Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) will take center stage in a Nevada trial this week that could impact one of the largest<a href="https://www.benzinga.com/topic/media-stocks"> publicly traded media companies.</a>
Media mogul Rupert Murdoch, who helped build Fox to what it is today, is seeking to change the succession plan for his company.
The family trust currently will see Murdoch's children share control of the company when the 93-year-old media mogul passes away, as <a href="https://www.npr.org/2024/09/15/nx-s1-5113155/murdoch-family-trust-fox-news-succession">reported </a>by NPR. Murdoch is looking to revise the trust structure to ensure his eldest son, Lachlan Murdoch, who currently holds the roles of executive chairman and CEO of Fox Corporation and chairman of News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>), assumes full control of the company.
Murdoch's other children oppose the trust amendment.
The court battle pitting Murdoch against his children may also spark a dispute over the future direction of Fox News, particularly whether it should remain partisan, as it currently leans toward right-wing viewpoints. Son James Murdoch has been critical of Fox News' pro-Donald Trump stance in recent years.
While Lachlan and his father have battled over the years, much like the characters on "Succession," Murdoch now believes that the eldest son could best position Fox and News Corp for the future.
Murdoch set up a family trust that would hand equal share and equal control to his holdings after his death as part of an agreement when he left his second wife Anna Torv Murdoch Mann. The trust and a $110 million payout to Murdoch Mann helped the media mogul avoid a fight over his media holdings.
Recent tensions between Rupert Murdoch&#8217;s children and their father have led to several of them skipping his wedding to his fifth wife, Elena Zhukova, earlier this year.
The Murdoch succession court battle is scheduled to begin on Monday and will remain private. A motion by NPR and other media outlets to make the trial public was denied by the probate official. Murdoch and his four oldest children are expected to appear in court.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/09/40776084/kendrick-lamar-to-perform-super-bowl-lix-halftime-could-apple-fox-and-universal-music-get-a">Kendrick Lamar To Perform Super Bowl LIX Halftime: Could Apple, Fox And Universal Music Get A Boost?</a>
Why It's Important: A change of Fox News could impact the large media company and take years to recover in viewership and advertising revenue as it charts a new path.
"If they were to change the direction and move into the direction of a CNN format, or go down the middle, it will lose its identity, lose viewers and lose revenues," former Fox News president Joe Peyronnin said, as shared by NPR.
James Murdoch has pushed for Fox News to be more similar to Sky News in Europe, a media company he previously ran when it was owned by Fox. James has been critical of the Murdoch family businesses coverage of topics like global warming and the 2020 election.
In 2023, Fox paid a <a href="https://www.benzinga.com/news/23/04/31870703/fox-dominion-reach-787-5m-settlement-in-defamation-case-over-2020-presidential-election-falsehoods">record $787.5 million settlement </a>in a defamation lawsuit from Dominion Voting Systems over allegations that Fox News falsely claimed the voting machines were fraudulent in the 2020 election.
With Fox and News Corp both publicly traded companies, the family battle will draw interest from investors and analysts, as the succession planning could determine what the future direction of the companies looks like.
FOX, NWS Price Action: Fox shares are up 0.4% to $36.91 on Monday, versus a 52-week trading range of $25.82 to $38.52. Fox stock is up 30% year-to-date in 2024.
News Corp stock is up 0.2% to $27.43 on Monday versus a 52-week trading range of $20.01 to $29.59. News Corp stock is up 7% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40779322/fox-sees-political-ad-surge-but-growth-concerns-prompt-analyst-downgrade">Fox Sees Political Ad Surge, But Growth Concerns Prompt Analyst Downgrade</a></li>
</ul>
Photo: Shutterstock

Rupert Murdoch's Family Court Battle Over Fox Control Mirrors 'Succession' Drama

The 2024 National Football League season continues with a second week featuring three primetime games and all 32 teams in action, including the Kansas City Chiefs, who are hoping to become the first NFL team to win<a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-"> three straight Super Bowls.</a>
Here's a look at the betting odds and media companies that could benefit in the second week of the 2024 NFL season.
Week 2 Betting Odds: The Chiefs remain the<a href="https://www.benzinga.com/general/entertainment/24/09/40694176/nfl-week-1-betting-odds-national-tv-games-can-comcast-win-will-home-teams-have-the-spotligh"> betting favorite to win</a> Super Bowl LIX as the top NFL team for the season after an impressive opening week win over the Philadelphia Eagles.
Here are the week 2 matchups and the betting odds from sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) with the teams records in parentheses.
<ul>
<li>Buffalo Bills (1-0) at Miami Dolphins (1-0) -2.5</li>
<li>Tampa Bay Buccaneers (1-0) at Detroit Lions (1-0) -7.5</li>
<li>Las Vegas Raiders (0-1) at Baltimore Ravens (1-0) -8.5</li>
<li>San Francisco 49ers (1-0) -5 at Minnesota Vikings (1-0)</li>
<li>Los Angeles Chargers (1-0) -6 at Carolina Panthers (0-1)</li>
<li>New Orleans Saints (1-0) at Dallas Cowboys (1-0) -6</li>
<li>Indianapolis Colts (1-0) -2.5 at Green Bay Packers (1-0)</li>
<li>New York Jets (0-1) -4 at Tennessee Titans (0-1)</li>
<li>Cleveland Browns (0-1) at Jacksonville Jaguars (0-1) -3</li>
<li>New York Giants (0-1) at Washington Commanders (0-1) -2</li>
<li>Seattle Seahawks (1-0) -3.5 at New England Patriots (1-0)</li>
<li>Los Angeles Rams (0-1) at Arizona Cardinals (0-1) -1.5</li>
<li>Cincinnati Bengals (0-1) at Kansas City Chiefs (1-0) -5</li>
<li>Pittsburgh Steelers (1-0) -2.5 at Denver Broncos (0-1)</li>
<li>Chicago Bears (1-0) at Houston Texans (1-0) -6.5</li>
<li>Atlanta Falcons (0-1) at Philadelphia Eagles (1-0) -6.5</li>
</ul>
A quick look at the betting odds shows that sportsbooks are giving away teams more love this week, with six away teams favored. This compares to Week 1 where only two away teams were favored, and five away teams ended up winning.
The second week also features four matchups between teams that failed to win their opening games, with each team fighting to avoid an early 0-2 start to the season.
At DraftKings, these are the top five teams getting the most action against the spread, <a href="https://x.com/BFawkes22/status/1833845967872819268">according </a>to sports betting writer Ben Fawkes:
<ul>
<li>Chargers -6.5%, 90%</li>
<li>Eagles -6.5, 87%</li>
<li>Commanders -1.5, 86%</li>
<li>Ravens -9, 84%</li>
<li>49ers -6, 83%</li>
</ul>
In week 1 several of the most bet on teams lost against the spread with top favorite the Bengals -8.5 losing outright. BetMGM's John Ewing <a href="https://x.com/johnewing/status/1833520555670311427">said </a>teams with 50% or more bets on them went 6-10 against the spread in week 1.
For Thursday night's opening game featuring the Bills and Dolphins, Ewing <a href="https://x.com/johnewing/status/1834256907374096601">said </a>Bills quarterback Josh Allen is 6-0 overall and 4-2 against the spread in Thursday games.
Read Also: <a href="https://www.benzinga.com/general/sports-betting/24/09/40720484/which-4-teams-have-never-reached-the-super-bowl-betting-payouts-if-history-is-made-in-2024">Which 4 Teams Have Never Reached The Super Bowl? Betting Payouts If History Is Made In 2024 NFL Season</a>
Media Stocks on Watch: NFL viewership was up 12% year-over-year in the first week of the season, as <a href="https://frontofficesports.com/nfl-week-1-sets-viewership-record-with-an-average-of-21-million/">reported </a>by FrontOfficeSports.
A rare Friday game between the Packers and Eagles was watched by 14 million people, with the game being exclusive on the Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) Peacock streaming platform.
The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) recorded 20.4 million viewers for the first Monday Night Football game, which was down 10% from last year's record-setting debut, but was the second most-watched Week 1 Monday Night Football game since 2006.
Here are the national primetime television games for the second week of the NFL season:
<ul>
<li>Thursday, Sept. 12, 8:15 p.m. ET: Bills, Dolphins on Prime Video, a unit of Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</li>
<li>Sunday, Sept. 15, 8:20 p.m. ET: Bears, Texans on NBC, Peacock</li>
<li>Monday, Sept. 16, 8:15 p.m. ET: Falcons, Eagles on ESPN</li>
</ul>
Of the six teams featured in the primetime games, five won their first week game, setting up some highly anticipated week 2 matchups. 
The Sunday 1 p.m. ET and 4 p.m. ET games will be broadcast by&nbsp;Paramount Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) unit CBS and Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) unit FOX.
Coverage will vary by location. In Week 1, CBS and Fox games averaged 18.4 million viewers per game—the highest opening-week Sunday afternoon figure since 2016 and a 21% increase over last year&#8217;s opening week.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a></li>
</ul>
Photo: Shutterstock

NFL Week 2 Betting Odds, Media Stocks To Watch: Will Josh Allen Stay Perfect On Thursdays? Can Viewership Continue To Climb?

Tuesday's presidential debate between Donald Trump and Vice President Kamala Harris saw increased viewership from the 2024 debate between Trump and President Joe Biden, with viewers tuning in for the first in-person meeting of <a href="https://www.benzinga.com/general/politics/24/09/40782598/harris-vs-trump-how-to-watch-2024-presidential-debate-rule-disputes-and-key-topics-for-voters">the two candidates.</a>
What Happened: The presidential debate between Trump and Harris was watched by 67.1 million people Tuesday, topping the <a href="https://www.benzinga.com/general/politics/24/06/39563409/heres-how-many-people-watched-the-2024-presidential-debate-and-how-fox-beat-cnn-at-its-own-game">51.3 million total</a> from the June debate between Trump and Biden.
ABC, a unit of Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), hosted the debate and saw 19.05 million viewers, as reported by <a href="https://deadline.com/2024/09/trump-harris-debate-ratings-1236085057/">Deadline</a>.
The presidential debate was simulcast by more than a dozen media companies. Here's a look at how other media networks fared:
<ul>
<li>NBC News: 10.1 million viewers</li>
<li>Fox News: 9.1 million viewers</li>
<li>MSNBC: 6.4 million viewers</li>
<li>CBS News: 6.2 million viewers</li>
<li>Fox Broadcasting: 4.9 million viewers</li>
<li>CNN: 4.4 million viewers</li>
</ul>
Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) trailed the leaders in a potential surprise as the media company topped the last debate viewership over host CNN thanks to a strong political viewership fan base for Fox News.
A total of 21.3 million people in the 25-54 age demographic watched the debate. ABC won this demographic with 6.6 million viewers followed by NBC News at 3.7 million and Fox News at 1.9 million.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091224">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: For Disney, the strong viewership figure could help the company in the current quarter for market share in the media space and the company also likely benefitted from strong advertiser demand during the event. Tuesday&#8217;s debate was 90 minutes in length and featured two commercial breaks.
The viewership figure for Tuesday's debate topped the earlier 2024 debate, but fell short of past presidential debates from other election years.
The first presidential debate between Biden in Trump in the 2020 election was watched by 73.1 million people. The first presidential debate between Trump and Hillary Clinton in the 2016 election was watched by 84 million people, setting a new record.
Tuesday's debate is currently the only presidential debate scheduled between Trump and Harris and could be the last with less than two months until the election. Other media companies have reached out in attempts for debates. Several polls point to Trump <a href="https://www.benzinga.com/general/politics/24/09/40824831/harris-vs-trump-swing-state-voters-pick-presidential-debate-winner-share-thoughts-on-immigration">losing the debate </a>and his recent commentary seems more reluctant to debate again.
A vice-presidential debate between J.D. Vance and Tim Walz, hosted by CBS News, is currently scheduled for Oct. 1.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091224">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo: Courtesy ABC News

Politics

Trump Vs. Harris Presidential Debate Viewership Tops Trump, Biden Total But Falls Short Of Records: Here's How Many People Watched

- Goldman Sachs Communacopia &amp; Technology Conference&nbsp;&nbsp;&nbsp;&nbsp;

Guidance

Fox CEO Expects To See Record Political Advertising Revenue This Year

Tuesday&#8217;s presidential debate between Donald Trump and Kamala Harris will be one of the biggest events of the election cycle, with less than two months until the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
How to Watch the Presidential Debate: While it's the first debate between Harris and Trump, this week's presidential debate will be the second for Trump as he previously faced off against President Joe Biden, who <a href="https://www.benzinga.com/general/politics/24/07/39874057/biden-drops-out-of-2024-race-in-bombshell-announcement-it-has-been-the-greatest-honor-of-my-life">stepped down from the 2024 </a>race after the last debate.
On Tuesday, Harris and Trump will meet for a live debate in swing state Pennsylvania. The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) unit ABC News is hosting the debate, with World News Tonight anchor David Muir and ABC News Live anchor Linsey Davis serving as moderators.
The presidential debate airs at 9 p.m. ET Tuesday and will be 90 minutes in length with a scheduled end time of 10:30 p.m. ET. The debate will have two scheduled commercial breaks.
While the debate will be hosted by ABC News and air on ABC and stream on Hulu, ABC is allowing simulcasting, making the debate available on all major broadcast channels and several streaming options.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent090924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Debate Rules: One of the key items discussed ahead of the debate between Trump and Harris was the rules, including one on whether the mics of the two candidates would be muted.
Harris wanted unmuted mics, with Trump wanting muted mics. The original rules for the debate, which had a date and network set previously by Biden and Trump, are being used with muted mics. The mics may be unmuted if there is crosstalk between candidates.
There will be no opening statements from the contestants. The moderators will ask questions with candidates getting two minutes to answer questions, two minutes for rebuttals and one minute for follow-ups and clarification.
Candidates can not have prewritten notes on stage, and their campaign teams can not interact with them during commercial breaks. The contestants will have a pen and notepad and a bottle of water with them on stage.
There is no live audience for Tuesday's presidential debate.
Key Items to Watch: Trump won a coin toss before the debate and chose to give the last closing statement. Harris chose to have her lectern on the left of the stage, which will place her on the right-hand side of screens for viewers.
The presidential debate between Harris and Trump will serve as their first in-person meeting, with no previous interactions due to Trump skipping the 2021 presidential inauguration.
Potential voters could tune in to see how the two candidates differ on key topics and also to hear more about Harris' platform, which has been the subject of debate. Some voters think Harris hasn't done enough to share her policy with minimal interviews and public speeches since being named the Democratic Party candidate after Biden stepped down.
Harris may face scrutiny over shifting positions on key issues, while Trump is likely to be questioned about his alleged ties to Project 2025 and his felony convictions from earlier this year.
Tuesday's debate could prove important to undecided voters and also serve as the only debate for the two candidates. There are currently no additional debates scheduled ahead of the 2024 election for Harris and Trump, with the potential for another debate in September or October still being hashed out.
The vice-presidential running mates of J.D. Vance and Tim Walz will face off in a CBS News hosted debate on Oct. 1.
Viewership for Tuesday's debate is expected to be high, with viewers set to tune in and watch the two candidates face off for the first time. The first 2024 presidential debate between Trump and Biden <a href="https://www.benzinga.com/general/politics/24/06/39563409/heres-how-many-people-watched-the-2024-presidential-debate-and-how-fox-beat-cnn-at-its-own-game">set several records</a> for CNN and was watched by 48 million viewers.
One item for investors to watch will be viewership by network due to the simulcasting. While ABC is hosting the event, they could get beat out by Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) when it comes to viewership, as CNN did earlier this year.
Since Trump and Biden had already faced off in previous debates, viewers may have been less interested in the first debate, which had lower viewership than the first debates of 2020 and 2016. The 2016 first presidential debate between Trump and Hillary Clinton was watched by a record 84 million viewers.
Harris is launching a new political ad on Tuesday that will air nationally on Fox News and in the key markets of Philadelphia and near Mar-a-Lago. The ad features past Trump administration members who have gone on to publicly say they will not endorse him in the 2024 election, as <a href="https://www.politico.com/news/2024/09/09/kamala-harris-ad-donald-trump-00177916?utm_source=briefing&amp;utm_medium=email&amp;utm_campaign=washington_am&amp;utm_content=090924">reported </a>by Politico.
"In 2016 Donald Trump said he would choose only the best people to work in his White House. Now those people have a warning for America: Trump is not fit to be president," a voiceover in the ad says.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent090924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo: Shutterstock

Harris Vs. Trump: How To Watch 2024 Presidential Debate, Rule Disputes And Key Topics For Voters

Seaport Research analyst David Joyce downgraded the rating on Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) to Neutral from Buy. The typical September seasonality in the market led to the downgrade.
The analyst observed the political and TV station landscape to derive where the most significant amount of political ad spending may take place, driven by races likely to be competitive, from Presidential swing states to Senate, House, and Gubernatorial races.
With Fox Corp&#8217;s business model focused on the U.S. and with a primarily traditional media footprint that is most impacted by political ad spending, from its Fox News Channel to its local TV stations that cover 39% of the country, Joyce stacked up Fox&#8217;s exposure to that of other public and private key TV station owners.
While that sets up a healthy cyclical cash flow backdrop, the analyst acknowledged that Fox Corp shares have now exceeded his prior price target of $40 for roughly a week, which might already be reflecting the political ad spend enthusiasm. As such, he moved his recommendation to the sidelines, downgrading his rating.
The stock currently reflects a fiscal 2025 levered free cash flow yield of 10.0% or 11.8% unlevered, which is relatively attractive but a 7.0x EV/EBITDA multiple for a company with ~1% net growth on a compound basis through 2027 due to the cyclical nature of political and SuperBowl advertising in their respective years facing the subsequent year&#8217;s growth challenges, Joyce noted.
The analyst continues to like the consistent capital returns through stock buybacks and dividends but remains skeptical over the type of tuck-in or complementary acquisition activity on the horizon, given Fox has the industry&#8217;s strongest balance sheet at ~0.8x net leverage.
Price Action: FOX stock is up 0.11% at $37.40 at the last check on Monday.
Photo by rafapress on Shutterstock

Analyst Color

Downgrades

Analyst Ratings

Fox Sees Political Ad Surge, But Growth Concerns Prompt Analyst Downgrade

Rapper Kendrick Lamar is back as a Super Bowl halftime performer, following last year's performance from Usher that was part of a<a href="https://www.benzinga.com/general/space/24/02/37109382/super-bowl-lviii-sets-modern-day-viewership-record-how-did-nfl-championship-compare-to-apollo-11-mo"> record-breaking NFL championship game.</a>
Super Bowl LIX occurs in New Orleans, Louisiana at the Caesars Superdome on Feb. 9, 2025. The game will be broadcast on Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) and feature the top two NFL teams who win the AFC and NFC Championship games.
Lamar was part of a group of rap artists who performed at Super Bowl LVI in 2022, which included Dr. Dre, Snoop Dogg, Eminem and Mary J. Blige as well.
"Rap music is still the most impactful genre to date. And I'll be there to remind the world why. They got the right one," Lamar <a href="https://www.nfl.com/news/kendrick-lamar-to-perform-at-apple-music-super-bowl-lix-halftime-show-in-new-orleans">said</a>.
NFL head of music Seth Dudowsky said the league is excited to collaborate with Kendrick and Super Bowl halftime sponsor Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) on "another unforgettable Halftime Show."
"Few artists have impacted music and culture as profoundly as Kendrick Lamar. Time and time again, Kendrick has proven his unique ability to craft moments that resonate, redefine, and ultimately shake the very foundation of hip-hop," Dudowsky said.
Lamar is a 17-time Grammy Award winner and became the first non-classical, non-jazz musician to win a Pulitzer Prize.
The rapper has often dominated the charts with "Like That" spending three weeks at number one on the Billboard Hot 100 chart earlier this year, followed by "Not Like Us" also topping the charts this summer.
Read Also: <a href="https://www.benzinga.com/general/sports/24/02/37076429/super-bowl-commercials-2024-complete-list-of-super-bowl-lviii-ads-and-companies-behind-them">Super Bowl Commercials 2024: Complete List Of Super Bowl LVIII Ads And Companies Behind Them</a>
The Winners: Apple <a href="https://www.benzinga.com/news/22/09/28980683/nfl-wins-multiyear-deal-with-apple-music-apple-music-to-sponsor-super-bowl-halftime-show">signed a deal</a> with the NFL in 2022, which kicked off with the Super Bowl Halftime Show in 2023 featuring Rihanna.
"Apple is thrilled to bring the show, starring the absolutely incomparable Kendrick Lamar, to fans worldwide with Apple Music's industry leading Spatial Audio quality along with tons of exclusive videos, interviews, playlists and so much more across Apple Music," Apple's Vice President of Apple Music Oliver Schusser said, as <a href="https://variety.com/2024/music/news/super-bowl-2025-halftime-performer-1236136777/">reported </a>by Variety.
The Apple Music Super Bowl Halftime Show featuring Usher earlier this year was the-most watched halftime show ever and earned three Emmy nominations. The Super Bowl LVII Halftime Show with Rihanna earned five Emmy nominations, becoming the first Super Bowl Halftime Show to win the Outstanding Directing for a Variety Special Emmy.
With another globally recognized artist, Apple could score big with cross-promotions of its music features and the ability to launch exclusive content for Apple subscribers.
Fox will broadcast Super Bowl LIX in 2025 and could get a boost from the halftime show. While many viewers tune in for the big game, the amount of fans tuning in for Super Bowl halftime performances is often a big factor in viewership and advertisement rates.
Super Bowl LVIII was watched by 123.4 million viewers, a Super Bowl record and figure that was up 7% year-over-year. A total of 202.4 million viewers watched a portion of the game with the halftime show seeing record viewership for any Super Bowl.
Another potential winner is Universal Music (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UNVGY#OTC">UNVGY</a>)(UMGNF), which has had a hand in four of Lamar's five studio albums. 
Lamar's last album was released in 2022 and many are eagerly awaiting a new studio album. The timing of a release or announcement around the Super Bowl Halftime Show could come with potential peak interest in Lamar.
Super Bowl Halftime performers often see a substantial spike in songs and albums around the big game.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/real-estate/24/06/39507536/kendrick-lamar-cements-west-coast-victory-with-40-million-los-angeles-estate">Kendrick Lamar Cements West Coast Victory With $40 Million Los Angeles Estate</a></li>
</ul>
Image via Wikimedia Commons

AAPL

UMGNF

UNVGY

Kendrick Lamar To Perform Super Bowl LIX Halftime: Could Apple, Fox And Universal Music Get A Boost?

Seaport Global analyst David Joyce downgrades Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) from Buy to Neutral.

Seaport Global Downgrades Fox to Neutral

NWSA

Hedge Fund Starboard Value Has Filed Shareholder Resolution To Abolish Dual-Class Shares At News Corp, Sources Say

Vice President Kamala Harris has reportedly received public endorsements from eighty-eight current and former top executives across corporate America for her presidential bid.
What Happened: In an endorsement letter, shared exclusively with CNBC, suggests that electing Harris as president would be the &#8220;best way to support the continued strength, security, and reliability of our democracy and economy.&#8221; The endorsers believe that Harris would &#8220;continue to advance fair and predictable policies that support the rule of law, stability, and a sound business environment.&#8221;
The list of endorsers includes high-profile CEOs of public companies like Aaron Levie of Box Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>), Jeremy Stoppelman of Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>), and Michael Lynton, chairman of Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), CNBC <a href="https://www.cnbc.com/2024/09/06/harris-endorsed-trump-murdoch-yelp-snap-ripple.html">reported</a> on Friday.
Other notable figures endorsing Harris for the first time include James Murdoch, former CEO of 21st Century Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), and Chris Larsen, co-founder of the Ripple (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>). The list also includes prominent philanthropists, private equity billionaires, and sports magnates.
See Also: <a href="https://www.benzinga.com/news/24/09/40700524/mark-cuban-tells-elon-musk-delete-your-account-after-tech-billionaire-calls-tucker-carlsons-latest-e?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Tells Elon Musk &#8216;Delete Your Account&#8217; After Tech Billionaire Calls Tucker Carlson&#8217;s Latest Episode On WW2 And Churchill &#8216;Worth Watching&#8217;</a>
Why It Matters: The endorsement from these business leaders comes at a crucial time as Harris has recently proposed several tax reforms that have stirred discussions in the business community. Harris announced a plan to <a href="https://www.benzinga.com/news/24/08/40650939/kamala-harris-wants-to-tax-the-ultra-wealthy-with-unrealized-gains-tax-leaving-silicon-valley-unsett">tax the ultra-wealthy</a> through an unrealized gains tax, causing unease among Silicon Valley investors. 
Additionally, Harris has proposed raising the <a href="https://www.benzinga.com/government/24/08/40451351/kamala-harris-wants-to-raise-corporate-tax-rate-to-28-erasing-part-of-trumps-signature-tax-cuts">corporate tax rate</a> to 28%, rolling back part of former President Donald Trump&#8217;s 2017 tax cuts. This proposal was revealed on Aug. 19 and aims to increase federal revenue.
On Sep. 4, Harris unveiled a new tax plan targeting <a href="https://www.benzinga.com/news/24/09/40722526/kamala-harris-reveals-28-capital-gains-tax-for-high-earners-toning-down-bidens-proposed-rates-ahead">long-term capital gains</a>, setting the rate at 28% for high earners. This move is seen as a softer approach compared to President Joe Biden&#8216;s previously proposed rates. 
Moreover, Harris has<a href="https://www.benzinga.com/markets/24/08/40113420/mark-cuban-and-other-venture-capitalists-pledge-support-for-kamala-harris-whos-on-the-list"> already received support</a> from notable venture capitalists, including LinkedIn co-founder Reid Hoffman and others.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40686379/trump-vs-harris-veteran-pollster-nate-silver-says-vice-president-slight-underdog-to-win-the-white-ho?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Veteran Pollster Nate Silver Says Vice President &#8216;Slight Underdog To Win The White House&#8217; Due To 3 Factors But This &#8216;Disruptive Event&#8217; Could Turn Things Around</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

General

$XRP

SNAP

YELP

Kamala Harris Receives Backing From 88 Corporate Leaders in Presidential Bid Against Trump: Report

While the majority of the NFL teams have won a Super Bowl, there are some teams that haven't, or in some cases&nbsp;haven't even been, to the big game.
The Detroit Lions nearly erased their name from this list no National Football League team wants to be on. The Lions fell one game shy of reaching their first Super Bowl during the <a href="https://www.benzinga.com/general/sports-betting/24/01/36808676/detroit-lions-vs-san-francisco-49ers-why-sportsbooks-need-cinderella-man-detroit-lions-to-">2023 NFL season.</a>
Never Been to a Super Bowl:&nbsp;While 28 of the current 32 NFL teams have been to at least one Super Bowl, there are four teams that can't claim that honor: Cleveland Browns, Detroit Lions, Houston Texans and Jacksonville Jaguars.
The Jaguars and Texans are two of the newest teams in the league getting their start in the NFL in 1996 and 2002, respectively.
The Browns have been in the NFL for the majority of the Super Bowl era, from 1967 to 1995 and from 1999 to present. The team was relocated to Baltimore to become the Baltimore Ravens in 1995 and later was resurrected as a new team. Coincidentally, the Ravens went on to win Super Bowls in 2001 and 2013.
The Lions hold the unfortunate distinction of being the only team that has been operational every season since the Super Bowl began to never make it to the big game.
Read Also: <a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a>
Here's a look at the betting odds for the four teams to win Super Bowl LIX or at least reach the big game in the 2024 NFL season, with current odds from&nbsp;DraftKings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>).
Cleveland Browns:&nbsp;Reach Super Bowl LIX +2000, Win Super Bowl LIX +4000
Detroit Lions:&nbsp;Reach Super Bowl LIX +550, Win Super Bowl LIX +1200
Houston Texans:&nbsp;Reach Super Bowl LIX +850, Win Super Bowl LIX +1600
Jacksonville Jaguars:&nbsp;Reach Super Bowl LIX +2200, Win Super Bowl LIX +5000
The Lions have the fourth-best odds to win the Super Bowl for the 2024 season and the Texans have the seventh-best odds.
If history can be made more than once, there's a chance that it could be two of the four teams meeting in Super Bowl LIX. With the Lions the only NFC team to not reach a Super Bowl, here's a look at the potential payouts if the following pairs of teams reach Super Bowl LIX:
Lions/Texans: +6075
Lions/Brown: +13,550
Lions/Jaguars: +14,850
Never Won a Super Bowl:&nbsp;While the four teams above are hoping to make history and finally get to the big game, there are eight other current NFL teams that have been but never won a Super Bowl.
The Buffalo Bills and Minnesota Vikings have each been to four Super Bowls without winning a title, posting 0-4 records in the big game. The Cincinnati Bengals are 0-3 in Super Bowl history. Other teams have only been to the big game one time and never made it back.
Here's a look at the eight teams to never win a Super Bowl with their record in the big game and current sports betting odds to win Super Bowl LIX:
Cincinnati Bengals&nbsp;(0-3): +1300
Buffalo Bills&nbsp;(0-4): +1600
Atlanta Falcons&nbsp;(0-2): +3000
Los Angeles Chargers&nbsp;(0-1): +4500
Minnesota Vikings&nbsp;(0-4): +8000
Arizona Cardinals&nbsp;(0-1): +10,000
Tennessee Titans&nbsp;(0-1): +15,000
Carolina Panthers&nbsp;(0-2): +25,000
Several of the teams that have never won a Super Bowl rank among the favorites to start the season with the Bengals and Bills ranked fifth and eighth, respectively.
The Panthers are ranked second to last among teams for odds of winning Super Bowl LIX.
Super Bowl History: The Kansas City Chiefs are among the NFL teams to win multiple Super Bowls and won back-to-back NFL titles for the 2022 and 2023 seasons. The Chiefs go for history in 2024 trying to become the first NFL team to win three <a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-">back-to-back-to-back Super Bowls.</a>
The first Super Bowl was played in 1967 with the Green Bay Packers beating the Kansas City Chiefs 35-10. The Packers have been to five Super Bowls, winning four of them since 1967, with the Chiefs also winning four Super Bowls.
The first Super Bowl made history for many reasons, as it was one of several championship games to be played in the modern era that still included the AFL and NFL before a merger happened in 1970.
Super Bowl I was also the only Super Bowl to be aired on two television networks, NBC and CBS.
With media companies rotating coverage of the Super Bowl annually, Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) has the rights to air Super Bowl LIX in February 2025.
Comcast Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) is among the key media rights partners for the NFL in 2024 and will kick things off with coverage of the <a href="https://www.benzinga.com/general/entertainment/24/09/40694176/nfl-week-1-betting-odds-national-tv-games-can-comcast-win-will-home-teams-have-the-spotligh">opening night game</a> between the Kansas City Chiefs and Baltimore Ravens on Thursday, Sept. 5. Comcast also has the rights to the Friday, Sept. 6 primetime game between the Philadelphia Eagles and Green Bay Packers and the Sunday Night Football game on Sept. 8 between the Detroit Lions and Los Angeles Rams.
Over the last 57 Super Bowls played, 20 of the current 32 teams in the NFL have won a title. Fifteen current NFL teams have won more than one Super Bowl.
The New England Patriots and Pittsburgh Steelers have the most Super Bowl wins with six each. The Patriots hold the record for Super Bowl appearances with 11.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports/24/08/40607642/jeff-bezos-could-have-competition-if-he-wants-the-nfls-seattle-seahawks-private-equity-investments">Jeff Bezos Could Have Competition If He Wants The NFL&#8217;s Seattle Seahawks: Private Equity Investments Get League Approval</a></li>
</ul>
Photo: Shutterstock

Which 4 Teams Have Never Reached The Super Bowl? Betting Payouts If History Is Made In 2024 NFL Season

The 2024 National Football League season kicks off Thursday. Sept. 5 with a game featuring the Baltimore Ravens and the Kansas City Chiefs, which is hoping to become the first NFL team to win<a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-"> three straight Super Bowls.</a>
Here's a look at the betting odds and media companies that could benefit in the first week of the 2024 NFL season.
Week 1 Betting Odds: The Chiefs are picked as the betting favorite to win Super Bowl LIX as the<a href="https://www.benzinga.com/topic/nfl"> top NFL team </a>for the season. Before the NFL Playoffs kick off there is the regular season with each team playing 17 games, starting with all 32 teams in action for the first week.
Here are the Week 1 matchups and the betting odds from sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)
<ul>
<li>Baltimore Ravens at Kansas City Chiefs -3</li>
<li>Green Bay Packers at (in Brazil) Philadelphia Eagles -3</li>
<li>Arizona Cardinals at Buffalo Bills -6</li>
<li>Houston Texans -2.5 at Indianapolis Colts</li>
<li>Pittsburgh Steelers at Atlanta Falcons -3</li>
<li>Carolina Panthers at New Orleans Saints -4</li>
<li>Minnesota Vikings -1.5 at New York Giants</li>
<li>Tennessee Titans at Chicago Bears -4</li>
<li>New England Patriots at Cincinnati Bengals -8.5</li>
<li>Jacksonville Jaguars at Miami Dolphins -3</li>
<li>Denver Broncos at Seattle Seahawks -6</li>
<li>Las Vegas Raiders at Los Angeles Chargers -3</li>
<li>Dallas Cowboys at Cleveland Browns -2.5</li>
<li>Washington Commanders at Tampa Bay Buccaneers -3</li>
<li>Los Angeles Rams at Detroit Lions -3.5</li>
<li>New York Jets at San Francisco 49ers -4.5</li>
</ul>
A quick look at the betting odds shows that sportsbooks are putting a lot of love on the home teams, with only two away teams favored for the first week.
NFL fans and sports bettors might do well to remember the past two seasons when looking at the bias for home teams. In the 2023 season, 10 away teams won in the opening week with only six home teams securing the early win. In the 2022 season, 9 away teams won, with six home teams winning and one tie.
At DraftKings, some of the top favorites for bettors are the away Texans -2.5 with 73% of bets according to sports betting writer Ben Fawkes. The Dolphins -3.5, Eagles -2.5, Bengals -8.5 and Cowboys +2.5 are also getting plenty of action.
At BetMGM, which is a joint venture from MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain, the Texans -2.5 are also the most bet team at 78% of bets. The Dolphins -3, Vikings -1.5 and Bengals -9 are the next most bet teams against the spread, according to BetMGM's John Ewing.
Read Also: <a href="https://www.benzinga.com/general/sports/24/08/40607642/jeff-bezos-could-have-competition-if-he-wants-the-nfls-seattle-seahawks-private-equity-investments">Jeff Bezos Could Have Competition If He Wants The NFL&#8217;s Seattle Seahawks: Private Equity Investments Get League Approval</a>
Media Stocks on Watch: NFL games continue to rank among some of the most-watched television events of the year.
In 2023, 45 of the most watched primetime telecasts were NFL games, according to&nbsp;<a href="https://variety.com/2023/tv/news/most-watched-shows-2023-ncis-oscars-blue-bloods-super-bowl-yellowstone-1235854795/" target="_blank" rel="noreferrer noopener">Variety</a>. Outside of the Super Bowl and NFL playoffs, which ranked as the top five games, Comcast led with games ranked 6, 7, 8, 9 and 10.
There are multiple national television games for the first week of the NFL season listed below:
Thursday, Sept. 5, 8:20 p.m. ET: Ravens, Chiefs on NBC, a unit of Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)
Friday, Sept. 6, 8:15 p.m. ET: Packers, Eagles on Peacock, a unit of Comcast
Sunday, Sept. 8: 8:20 p.m. ET: Rams, Lions on NBC, a unit of Comcast
Monday, Sept. 9: 8:15 p.m. ET: Jets, 49ers on ABC, ESPN, units of Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)
The Sunday 1 p.m. ET and 4 p.m. ET games will be broadcast by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) unit CBS and Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) unit FOX.
While coverage will vary by location, the Browns, Cowboys game is expected to get a strong national audience with the game marking NFL legend Tom Brady's Fox NFL regular season debut calling the game.
Comcast gets three of the four national primetime games for the first week, which could be a good opportunity for the company in the advertising department.
While they don't have any primetime games in the first week, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) could also benefit from a strong 2024 NFL season with their rights to Thursday Night Football games and two Christmas Day NFL games respectively.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a></li>
</ul>
Photo via Shutterstock.

Media

NFL Week 1 Betting Odds, National TV Games: Can Comcast Win? Will Home Teams Have The Spotlight?

FuboTV&nbsp;Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) launched BKFC TV, the first free ad-supported streaming TV (FAST) channel from Bare <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40514248/fubo-launches-bkfc-tv-fast-channel" rel="noreferrer noopener">Knuckle Fighting Championship (BKFC)</a>.
This expansion makes BKFC TV available beyond the BKFC app for the first time. The channel aims to capitalize on the growing popularity of combat sports.
Fubo and BKFC have teamed up to launch BKFC TV, a 24/7 channel that streams BKFC&#8217;s premier events, including flagship fights, Prospect Series, and Fight Night events.
With the launch of BKFC TV, Fubo is expanding its commitment to BKFC coverage. BKFC&#8217;s live combat fights, already streaming on Fubo Sports (Fubo&#8217;s owned and operated FAST network), consistently rank among the network&#8217;s top 10 most-watched programs.
Pamela Duckworth, head of Fubo Studios, Fubo said, &#8220;BKFC fight content took off on our Fubo Sports FAST channel, and we couldn&#8217;t wait to bring a dedicated BKFC network to Fubo&#8217;s live TV streaming platform.&#8221;&nbsp;&nbsp;
&#8220;Fans crave high-energy combat sports and we continue to see that trend hold true with BKFC fights. Now Fubo subscribers can watch BKFC content around the clock.&#8221;
David Feldman, founder and CEO of BKFC, said, &#8220;We have achieved phenomenal viewership on Fubo Sports, and thought the timing was perfect for us to launch our FAST channel with Fubo. We look forward to giving the fans nonstop BKFC action any time of the day, any day of the week.&#8221;
This week, the company obtained a preliminary injunction from the U.S. District Court, Southern District of New York, <a target="_blank" href="https://www.benzinga.com/news/24/08/40440275/why-fubotv-stock-is-trading-higher" rel="noreferrer noopener">temporarily halting the launch of a joint venture.</a>
This month, FUBO reported sales growth of 25% Y/Y to $390.97 million, beating the analyst consensus estimate of $368.25 million and adjusted EPS loss of $0.04, beating the analyst <a href="https://www.benzinga.com/news/earnings/24/08/40190231/fubotv-reports-strong-q2-growth-raises-fiscal-2024-revenue-guidance" target="_blank" rel="noreferrer noopener">consensus loss estimate of $0.15</a>.
<h2 class="wp-block-heading">How To Buy FUBO Stock</h2>
By now you're likely curious about how to participate in the market for FuboTV &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of FuboTV, which is trading at $1.98 as of publishing time, $100 would buy you 50.51 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/legal/24/08/40425445/federal-judge-blocks-disney-fox-warner-bros-sports-venture-after-fubotv-antitrust-lawsuit" rel="noreferrer noopener">Federal Judge Blocks Disney, Fox, Warner Bros. Sports Venture After FuboTV Antitrust Lawsuit</a>
Price Action: FUBO shares closed lower by 1.98% at $1.980 on Thursday.
Photo via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Small Cap

FUBO

FuboTV Boosts Combat Sports Content With Launch Of New Channel

Netflix (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) recently released the trailer of A-List to Playlist, which is set to premiere on Aug 30. The show features Cho Jung-seok, who steps away from the screen to pursue his long-held dream of becoming a singer-songwriter. The newly released trailer promises an emotional journey filled with moments of struggle, inspiration and triumph as Cho navigates the challenges of his musical aspirations.
The series will be bolstered by an impressive lineup, including renowned artists like Gummy, Dynamic Duo, Kim Ea-na and Kong Hyo-jin. These stars will lend their expertise, encouragement and a bit of tough love to help Cho discover and refine his musical talent. The trailer also reveals that megastars IU and Park Hyo-shin will join the journey, adding to the high anticipation surrounding the show.
In addition to the musical and emotional depth, the series will also showcase Cho&#39;s comedic side, thanks to his &quot;right-hand and left-hand&quot; men, Jung Sang-hoon and Moon Sang-hoon. Their humorous antics are set to provide a perfect counterbalance to the series&#39; more intense moments.
<div class="chart_embed">
<h3>Netflix, Inc. Price and Consensus</h3>
<img alt="Netflix, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/68/1724072692.png" style="height:278px; width:620px" title="" />
Netflix, Inc. price-consensus-chart | Netflix, Inc. Quote
</div>
<h3>NFLX&#39;s Upcoming Korean Content to Aid APAC Revenues</h3>
This Zacks Rank #3 (Hold) company unveiled its 2024 content slate targeting Korea&#39;s expanding streaming market. The lineup includes a strong year for K-dramas, highlighting Netflix&#39;s commitment to offering diverse storytelling. This is expected to aid APAC revenues in the upcoming quarters.
The Zacks Consensus Estimate for NFLX&#39;s 2024 APAC revenues is pegged at $4.28 billion, indicating 13.3% year-over-year growth.
2023 was a strong year for Korean content on Netflix, as it became the most viewed non-English content. It included significant titles like Doctor Cha, Blood Hounds, The Glory and Queenmaker.
The upcoming K-drama lineup features new seasons of popular shows, such as Squid Game and Gyeongseong Creature, as well as new series like The Frog, Mr. PLankton, Devil May Cry and Hellbound. These upcoming shows reflect a diverse array of genres and star-studded casts, underscoring Netflix&#39;s continued commitment to offering captivating Korean drama content.
However, Netflix faces tough competition in the streaming space from Amazon&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Fox&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxa#NASDAQ">FOXA</a>) Tubi and Disney (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>).
Netflix has gained 38.4% year to date against the Zacks Consumer Discretionary sector&#39;s decline of 2%. Shares of AMZN and FOXA have returned 16.5% and 33.3%, respectively, in the same time frame. Shares of DIS have lost 1.1% year to date.
<h3>Conclusion</h3>
Netflix&#39;s expanding regional content is a major positive, which bodes well for the long-term growth of the company. However, competition in the streaming industry remains a concern.
Additionally, the company&#39;s focus on streaming regional content has been leading to international growth. NFLX is diversifying its content portfolio and working on projects across Korea as well as other places like India, Mexico, Spain, Italy, Germany, Brazil, France, Turkey and the entire Middle East.
The Zacks Consensus Estimate for NFLX&#39;s third-quarter 2024 earnings per share is pegged at $5.07, which has increased 37 cents in the past 30 days. The consensus mark for 2024 earnings is pegged at $19.08 per share, which has increased 73 cents in the past 30 days.
<a href="https://www.zacks.com/stock/news/2323906/netflix-nflx-releases-the-trailer-of-a-list-to-playlist?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2323906">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Offerings

Markets

Netflix Releases the Trailer of A-List to Playlist

The temporary halt of a sports streaming joint venture from The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) and Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) is a big win for FuboTv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>), but <a href="https://www.benzinga.com/news/legal/24/08/40425445/federal-judge-blocks-disney-fox-warner-bros-sports-venture-after-fubotv-antitrust-lawsuit">the battle continues</a>, an analyst said Monday.
The Fubo Analysts: The streaming company engaged in a battle and claimed <a href="https://www.benzinga.com/news/24/08/40440275/why-fubotv-stock-is-trading-higher">an early victory</a>, Needham analyst Laura Martin said.
"We estimate this injunction has a 75% chance of killing Venu, (good for FUBO), because: 1. It will now miss the NFL season; 2. Courts may believe that ‘big is bad' so no JV between these 3 large companies can get approved," Martin said.
The analyst, who has a Buy rating on Fubo with a $2 price target, said Warner Bros. Discovery losing the NBA rights after the 2024-2025 season makes the company the weaker partner and suggests Fox and Disney could try to team up as a duo.
"If they think they can get approval, despite their large size, NBC (with its 11-year NBA rights) would be a better partner than WBD," the analyst said of the Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) owned media network.
Martin said Disney may also launch its ESPN DTC app in the second half of 2025 and abandon a skinny bundle sports joint venture.
"We see FUBO as an inexpensive way for public investors to participate in the US consumer shift toward OTT and Streaming TV."
Wedbush analyst Michael Pachter said the injunction shows the court will entertain the argument from Fubo laid out in the February lawsuit.
The analyst, who had a Buy rating on Fubo with a $5 price target in early August, said Venu is now tasked with proving their platform will not be anti-competitive.
"It's impossible to know how long the injunction will last, most likely a few months until Venu can make its case before the court," Pachter said. "This provides breathing room, to be sure, but it is far from a final decision."
The analyst said Fubo "is going to survive and thrive" if it can show subscribers want a sports bundle at a "competitive price."
"I think it's clear that consumer want a ‘skinny bundle' and that many millions of those will ultimately miss sports content, so Fubo is well positioned to attract them."
Pachter said the judge's ruling is a big if it is carried through, but only serves as a "temporary win if it does not."
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39650933/fubotv-to-bear-the-brunt-of-higher-legal-costs-against-espn-analysts-view">FuboTV To Bear The Brunt Of Higher Legal Costs Against ESPN &#8211; Analyst&#8217;s View</a>
What Fubo Is Saying: Fubo CEO and co-founder David Gandler took to social media platform X to share his thoughts on the judge's ruling and praise investors and Fubo fans that are supporting the company.
"Today we saved the industry," Gandler <a href="https://x.com/davidgandler/status/1824538974343532833">tweeted</a>.
Gandler <a href="https://x.com/davidgandler/status/1824534742806790164">called </a>the judge's ruling "a monumental victory" for the company, for the media industry and for American consumers.
"My commitment to World Domination is unwavering. I've never stopped believing or working towards the vision."
Gandler <a href="https://x.com/davidgandler/status/1824857896405942461">called </a>the ruling "a good days for the good guys indeed."
The Fubo CEO also highlighted the <a href="https://www.benzinga.com/news/earnings/24/05/38615127/fubotv-gaining-popularity-north-america-high-growth-in-paid-subscribers-show">company's financial growth</a> in a <a href="https://x.com/davidgandler/status/1824855733512339594">tweet</a>.
"FUBO has consistently demonstrated its commitment to high-quality execution, delivering double-digit growth quarter after quarter, YoY, while also improving profitability KPIs, strengthening its balance sheet, &amp; defeating a triumvirate of Goliaths in court. Where's the love?"
What's Next: Fubo said it plans to proceed with a broad lawsuit against the JV partners with accusations of anti-competitive behavior that hurts Fubo's sports-first streaming model.
The court has not announced a date for the next step in the battle of Fubo vs. Venu. The joint venture partners said they disagree with the judge's ruling and plan to appeal. A lengthy battle could be coming, but as mentioned by Martin above, the halt ahead of the key NCAA Football and NFL seasons could hurt the strength of the Venu platform.
FUBO Price Action: Fubo shares are up 31% to $2 on Monday versus a 52-week trading range of $1.10 to $3.82. Fubo stock is down 37% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/07/39733479/nba-fans-rejoice-new-76b-deal-from-espn-amazon-nbc-will-bring-games-seven-days-a-week">NBA Fans Rejoice: New $76B Deal From ESPN, Amazon, NBC Will Bring Games 7 Days A Week</a></li>
</ul>
Image: Shutterstock

Price Target

Reiteration

'We Saved The Industry,' FuboTV CEO Says After Judge Halts Sports JV: Analyst Expects Injunction Will Kill Venu

FuboTV Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) shares are trading higher by 15.7% to $1.77 Monday morning after the company obtained a preliminary injunction from the U.S. District Court, Southern District of New York, temporarily halting the launch of a joint venture (JV) between Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXB#NASDAQ">FOXB</a>) and Warner Bros Discovery Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>).
This ruling represents a win for Fubo, which has been battling these industry giants to maintain a competitive streaming landscape. 
The proposed JV, according to Fubo, would have consolidated control over 60%-80% of live broadcast sports content, a move that Fubo argued would limit competition, reduce consumer choices and lead to higher prices for sports streaming services.
David Gandler, co-founder and CEO of Fubo, hailed the court&#8217;s decision as a victory for both the company and consumers. &#8220;Today&#8217;s ruling is a victory not only for Fubo but also for consumers. This decision will help ensure that consumers have access to a more competitive marketplace with multiple sports streaming options,&#8221; Gandler said in a statement.
Read Also: <a href="https://www.benzinga.com/news/24/08/40437321/palantirs-alex-karp-defends-military-partnerships-stands-firm-on-pro-western-stance-report">Palantir&#8217;s Alex Karp Defends Military Partnerships, Stands Firm on Pro-Western Stance: Report</a>
What Else: Fubo has been vocal about the negative implications of the JV, arguing that it would lead to a monopolized market, stifling competition and leaving consumers with fewer, more expensive options. The company has framed its legal battle as an effort to protect consumer interests by ensuring a diverse and affordable sports streaming market.
In addition to halting the JV, Fubo plans to proceed with its broader lawsuit against the JV partners and their affiliates, accusing them of long-term anti-competitive behavior designed to undermine Fubo&#8217;s sports-centric streaming model. 
The lawsuit, initially filed on February 20, alleges that these vertically-integrated media companies have systematically blocked Fubo&#8217;s business innovations, causing significant harm to both the company and its consumer base.
As Fubo moves forward with its antitrust lawsuit, the court has yet to announce a date for the next stage of legal proceedings. The company&#8217;s victory in securing the preliminary injunction has set the stage for a prolonged battle over the future of sports streaming.
Read Also: <a href="https://www.benzinga.com/markets/asia/24/08/40436803/asia-ex-japan-markets-rise-europe-opens-in-green-gold-hits-new-high-while-dollar-weakens-global-mark">Asia Ex-Japan Markets Rise, Europe Opens In Green, Gold Hits New High While Dollar Weakens &#8211; Global Markets Today While US Slept</a>
<h2 class="wp-block-heading">How To Buy FUBO Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in FuboTV&#8217;s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, FUBO has a 52-week high of $3.82 and a 52-week low of $1.10.

FOXB

Why FuboTV Stock Is Trading Higher

Shares of Xperi Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPER#NYSE">XPER</a>) rose sharply in today's pre-market trading after the company announced that it entered into an agreement with Amazon.com services for the sale of nearly all assets and some<a href="https://www.benzinga.com/quote/XPER/news"> liabilities for $80 million.</a>
Xperi shares jumped 11.6% to $8.43 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) rose 130% to $1.80 in today's pre-market trading after jumping 78% on Friday.</li>
<li>GeoVax Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOVX#NASDAQ">GOVX</a>) gained 56% to $11.01 in pre-market trading after jumping 110% on Friday.</li>
<li>SciSparc Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) gained 32.6% to $0.4907 in pre-market trading after the company announced it signed an Exclusive Patent License Agreement with Polyrizon for the out-licensing of its SCI-160 program for the treatment of pain.</li>
<li>ALT5 Sigma Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTS#NASDAQ">ALTS</a>) shares rose 28.7% to $2.92 in pre-market trading after surging 25% on Friday. ALT5 Sigma, last week, reported a year-over-year increase in July revenue results.</li>
<li>Cingulate Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CING#NASDAQ">CING</a>) gained 27.2% to $22.52 in pre-market trading. Cingulate shares jumped over 268% on Friday after the company on Thursday was granted European patent No. 3261625 for CTx-1301, its lead asset for the treatment of ADHD.</li>
<li>Virax Biolabs Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAX#NASDAQ">VRAX</a>) gained 19.3% to $2.54 in pre-market trading after climbing 53% on Friday.</li>
<li>Biofrontera Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFRI#NASDAQ">BFRI</a>) gained 19.1% to $1.62 in pre-market trading after gaining 16% on Friday.</li>
<li>Able View Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABLV#NASDAQ">ABLV</a>) gained 16.1% to $1.80 in pre-market trading after gaining over 5% on Friday.</li>
<li>fuboTV Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) rose 8.5% to $1.66 in pre-market trading. A federal judge has halted a joint venture by media giants Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Fox Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), and Warner Bros. Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) to consolidate their sports licensing rights into a new streaming service. The decision came after a lawsuit filed by competitor Fubotv, alleging antitrust concerns.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) shares fell 25.2% to $0.2152 in pre-market trading. The company, last week, announced the expansion of its joint venture in Edinburg, Texas with the acquisition of 22 additional single-family lots.</li>
<li>Novo Integrated Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVOS#NASDAQ">NVOS</a>) shares declined 18.3% to $0.3072 in pre-market trading after dipping over 25% on Friday.</li>
<li>Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) declined 16.4% to $0.1488 in pre-market trading. Shares of Zoomcar jumped 60% on Friday after the company reported first-quarter results.</li>
<li>YXT.COM GROUP HOLDING LIMITED (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YXT#NASDAQ">YXT</a>) shares fell 15.5% to $8.47 in pre-market trading after declining around 9% on Friday.</li>
<li>Mereo BioPharma Group plc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MREO#NASDAQ">MREO</a>) fell 14.8% to $0.5609 in today's pre-market trading after gaining 6% on Friday. Mereo BioPharma Group, last week, reported a quarterly loss of 2 cents per share.</li>
<li>Digital Ally Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) shares dipped 14.3% to $1.26 in pre-market trading after the company reported a loss for the second quarter.</li>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) fell 13.8% to $0.5396 in pre-market trading.</li>
<li>VS MEDIA Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) shares declined 13.2% to $0.99 in pre-market trading after gaining 15% on Friday.</li>
<li>OS Therapies Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSTX#NASDAQ">OSTX</a>) shares fell 9.8% to $3.14 in pre-market trading.</li>
<li>Quince Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QNCX#NASDAQ">QNCX</a>) fell 7.1% to $0.51 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/08/40420521/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job">Jim Cramer Recommends Buying Clorox: &#8216;CEO Has Done Remarkable Job&#8217;</a></li>
</ul>

Pre-Market Outlook

Movers

ABLV

ALTS

AMIX

APDN

BFRI

CING

DGLY

GOVX

MREO

NVOS

OSTX

QNCX

SPRC

VRAX

VSME

XPER

ZCAR

Why Xperi Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket

Walt Disney pulls network access for DirecTV subscribers

FTA: Attractive Fundamentals But Lackluster Track Record

Starboard pushes proposal to end News Corp. dual-class structure: Reuters

Activist investor Starboard Value wants to end News Corp's ($NWSA) ($NWS) dual listing structure to thwart founder Rupert Murdoch's sizable voting ...

Activist Starboard Wants to End News Corp's Dual Listing Structure

Fubo: DirecTV Is A Big Lifeline

Charter Communications most shorted S&P 500 communications stock in August; Alphabet least shorted

Most shorted S&P 500 stocks in August

Satellite-TV providers DirecTV, Dish in talks to merge again: Bloomberg

When Venu Sports—the joint venture between Warner Bros Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), and Fox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NYSE">FOXA</a>)—first emerged, it represented...

Paramount (NASDAQ:PARA) Is Not Upset About Missing Out on Venu Sports

Fox: Murdoch's Move On Fan Duel Option Is A Game Changer For Both Stocks

ACGL

ACGLN

ACGLO

APTV

CHTR

CINF

ENPH

ETSY

FLUT

FVAL

GOOG

GOOGL

ILCV

MTCH

POOL

SATS

SMCI

TMUS

VLUE

Press Releases

FOX News Media Promotes Trey Yingst to Chief Foreign Correspondent

FOX News Digital Sees Best Month With Multiplatform Views and Minutes Since January 2021

OutKick Sees Month Over Month Growth in Views & Minutes

Fox Corporation Executive Chair and Chief Executive Officer Lachlan Murdoch to Participate in Upcoming Goldman Sachs Communacopia & Technology Conference

FOX Weather Names Weather Channel Executive Jason Hermes as Vice President of Advertising Sales and Partnerships

FOX Nation Taps Vivek Ramaswamy to Host New Series "Truths with Vivek Ramaswamy" Premiering September 22

FOX Weather Expands Distribution to DIRECTV

FOX News Digital Leads News Brands With Multiplatform Views and Minutes Throughout August

OutKick Delivers Strong Year Over Year Growth in August 2024

Gutfeld! Notches Largest Audience in Program History With Nearly Five Million Viewers During Interview With Former President Donald Trump

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Fox

Fox (FOXA) Forecast

Fox (NASDAQ:FOXA) Stock, Quote.Headers.trade-ideas