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Discovery Plans To Bring Oprah and Martha Stewart To A Global Audience, CEO Says
Monday, January 11, 2021 - 1:16pm | 417Read More...Discovery Communications Inc. (NASDAQ: DISCA) has been working on a streaming video platform for five years with the objective of transforming the media company from a "cable and free-to-air company to a global IP company," Discovery CEO David Zaslav said during a Bloomberg interview....
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Roku Buys Quibi's Content Distribution Rights
Friday, January 8, 2021 - 10:38am | 353Read More...Roku Inc (NASDAQ: ROKU) confirmed Friday a deal to acquire the exclusive global distribution rights to Quibi's suite of content for use on its ad-supported The Roku Channel. What Happened: Roku was rumored to be in talks to acquire Quibi's content and Friday's confirmation puts an...
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Roku Hits 50M Active Account Milestone; CEO Talks Competition, Strategy
Wednesday, January 6, 2021 - 2:17pm | 522Read More...Roku Inc. (NASDAQ: ROKU) shares are trading higher after the company announced a milestone of 50 million active accounts on its streaming video platform. The Numbers: Roku said preliminary estimated data shows the company ended 2020 with a net gain of 14 million active accounts at 51.2 million...
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Square Talks Acquisition With Jay-Z's Tidal: Report
Thursday, December 24, 2020 - 11:59am | 361Read More...Jack Dorsey's fintech payments company Square Inc (NYSE: SQ) is in talks to acquire Jay-Z's streaming music platform Tidal, a source told Bloomberg. What Happened: Jay-Z bought Tidal in early 2015 for $56 million and met with Dorsey to discuss a sale of his streaming music company,...
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BMO Steps To The Sidelines On FuboTV Following Big Run
Wednesday, December 23, 2020 - 6:59pm | 303Read More...The bullish case for live TV streaming platform FuboTV Inc (NYSE: FUBO) has come to an end at BMO Capital Markets although it's based on valuation reasons rather than an incrementally negative view. The Analyst: Daniel Salmon downgraded FuboTV's stock from Outperform to Market...
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6 Reasons To Own FuboTV In 2021
Tuesday, December 22, 2020 - 9:46am | 326Read More...Live TV streaming provider Fubotv Inc (NYSE: FUBO) has seen its stock gain in value five-fold since its initial public offering in early October and the stock still has legs to run higher, according to Needham. The Analyst: Laura Martin maintains a Buy rating on FuboTV's stock with a price...
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BofA's Media Downgrade Spree: ViacomCBS, Discovery, iHeartMedia
Friday, December 18, 2020 - 10:10am | 444Read More...The media sector is an "industry in transition" and several legacy media giants aren't ideally positioned moving forward, according to BofA Securities. The Analyst: Jessica Reif Ehrlich downgraded the following media names: ViacomCBS Inc (NASDAQ: VIAC) from Neutral to Underperform,...
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Roku Surges To All-Time High After HBO Max Deal, Stock Gets New Street-High Price Target
Thursday, December 17, 2020 - 12:15pm | 383Read More...Roku Inc (NASDAQ: ROKU) finally reached an agreement with AT&T Inc. (NYSE: T) to add HBO Max to Roku's streaming platform effective immediately. The Analysts: Benchmark analyst Daniel Kurnos maintains a Buy rating on Roku's stock with a price target lifted from $300 to $410. BofA...
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Why Comcast Is 'Ready To Breakout' In 2021
Tuesday, December 15, 2020 - 12:26pm | 313Read More...Comcast Corporation (NASDAQ: CMCSA) is "ready to breakout" in 2021 after COVID-19 headwinds impacted its performance in 2020, according to BofA Securities. The Analyst: Jessica Reif Ehrlich maintains a Buy rating on Comcast's stock with a price target lifted from $53 to $62. The...
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BofA Lifts Disney Price Target After Investor Day, Says Direct-To-Consumer Audience Could Hit 350M
Friday, December 11, 2020 - 11:08am | 314Read More...BofA Securities raised its price target on Walt Disney Co (NYSE: DIS) after the Mouse's investor day presentation. The Disney Analyst: Jessica Reif Ehrlich maintains a Buy rating on Disney's stock with a price target lifted from $166 to $192. The Disney Thesis: Disney's...
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Disney+ Stands Out In Streaming Video Field, Says Bullish Truist Securities
Thursday, December 10, 2020 - 11:17am | 412Read More...Walt Disney Co (NYSE: DIS) is a "core large-cap holding," as the company is positioned to benefit from the continued transition toward direct-to-consumer media content, according to Truist Securities. The Analyst: Matthew Thornton initiated coverage of Disney's stock with a Buy...
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Needham Sticks To Its Streaming War Stance: Buy Roku, Sell Netflix
Wednesday, December 9, 2020 - 4:25pm | 403Read More...Needham analysts on Wednesday reiterated their longstanding pair trade in the streaming video space: sell Netflix Inc (NASDAQ: NFLX) and buy Roku Inc (NASDAQ: ROKU). Contrary to popular belief, Netflix is not an industry leader as streaming "merely the fifth form of delivery of TV" and...
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Disney Says It Will Lay Off About 32,000 Employees In 2021
Friday, November 27, 2020 - 11:55am | 347Read More...Media and entertainment giant Walt Disney Co (NYSE: DIS) confirmed in a regulatory filing update that approximately 32,000 employees will lose their jobs in the first half of 2021. What Happened: Disney's job cuts will mostly impact employees in its Parks, Experiences and Products business...
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Dreaming Of Streaming? Upcoming Roundhill Tech ETF Is For Real
Wednesday, November 25, 2020 - 7:50am | 590Read More...It's been more than 18 years since the Netflix (NASDAQ: NFLX) initial public offering. From 2010 through 2019, the streaming entertainment pioneer was the best-performing member of the S&P 500. As that decade dominance confirms, streaming entertainment is growing in a big way. Perhaps it...
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Roku's Fundamentals 'Remain Strong,' Analyst Says
Tuesday, November 24, 2020 - 12:20pm | 321Read More...Streaming video hardware and software maker Roku Inc (NASDAQ: ROKU) has benefited over the months from people spending their time at home and recent momentum can be sustained even after a vaccine is available to the public, according to BofA Securities. The Roku Analyst: Ruplu Bhattacharya...
