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The Latest Breaking News from Steven Cahall

Disney Q3 Preview: Stock Priced for More Pain, But 'Doomsday' Is Coming (And That's A Good Thing)

Media giant Walt Disney Co (NYSE:DIS) looks to provide optimism for investors when the company reports third-quarter financial results Wednesday before the market opens.

Benzinga

AMC Stock Falls 15% On Scary 2024 Revenue Forecast

Lower advertising, affiliate revenue ahead, to be partly offset by gains in streaming

Broadcasting & Cable

New Sports Streaming JV Will Cost Around $40 a Month, Disney Will Control Half of the Economics, Analyst Predicts (Charts of the Day)

Under pay TV's New World Order, sports lovers will pay around $60 a month for a bundle of the new Disney/WBD/Fox platform, Peacock and Paramount Plus, Wells Fargo's Steven Cahall forecasts

Broadcasting & Cable

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Analyst: Byron Allen’s Plan To Buy Paramount, Keep Linear and Sell Studio Increases Chances of a Deal

$30 billion offer pushes Paramount B shares up 12%

Multichannel News

Netflix-WWE Deal Could Pump Up Streamer’s Advertising Business: Analyst

Wrestling could generate $260 million in revenue, Wells Fargo's Steven Cahall estimates

Broadcasting & Cable

Paramount Stock Gains on New Report of BET Buyout

Analyst raises chance of someone buying control of Paramount to 50%

Multichannel News

B+C Station Awards 2023: Adam Symson Keeps Scripps Focused on the Future

Journalist-turned-executive finds station group new opportunities in national networks and sports, earning the nod as ‘B+C’ Broadcaster of the Year

Multichannel News

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Paramount Global Stock Jumps on Report of Possible Buyout

Deal is a ‘decent possibility,’ analyst says

Broadcasting & Cable

Q3 Streaming Revenues Grew 4% From Prior Quarter to $16.7 Billion, Wells Fargo Reports

Analyst Steven Cahall expects revenues exerted to hit $76.9 billion by 2024

Broadcasting & Cable

Nexstar, Sinclair and Other Big Station Groups Face Major Exposure as Dwindling U.S. Pay TV Biz Is Increasingly vMVPD-Controlled

Virtual pay TV companies now control more than 20% of U.S. pay TV. And since they're not beholden to traditional broadcast retransmission rules, that's bad news for station groups

Multichannel News

Cord-Cutting To Hit 8.1% in 2023: Analyst

Loss of subs could drive M&A activity, Wells Fargo’s Steven Cahall says

Broadcasting & Cable

Non-Sports Linear Ad Volume Seen Dropping 5% in Upfront

Prices are down for first time outside recessions, COVID-19

Broadcasting & Cable

Analyst Downgrades Fox Corp. as Fox News Viewership Falls

Cord-cutting eats into distribution revenue

Multichannel News

Paramount Takes Its Lumps From Wall Street Analysts

Stock falls amid lower dividend, questions about streaming strategy

Broadcasting & Cable

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StockNews.com

1 Entertainment Stock You'll Want to Buy in 2023

Cable and media giant Comcast Corporation (CMCSA) announced better-than-expected earnings and revenue despite the macroeconomic headwinds. The company is confident of achieving further growth despite the potential macroeconomic challenges this year. Analysts have upgraded the stock recently. Thus, it could be wise to buy the stock now. Read more….

Benzinga

Disney Shares Have Underperformed, Business Has Outperformed: Why Analysts Remain Bullish On House Of Mouse And Disney+ Growth

The growth of Disney+ and the parks and resorts segment, as well as a new ad-supported plan, were among the topics that weighed on analysts after Walt Disney Co (NYSE: DIS)

Benzinga

8 Netflix Analysts React To Q2 Earnings Beat, Subscriber Guidance, Ad-Supported Tier

Netflix, Inc. (NASDAQ: NFLX) shares gained 7.1% on Wednesday after the company reported better-than-expected subscriber losses in the second quarter and detailed plans to launch a new, low-cost, ad-supported subscription tier.

Benzinga

Spotify Slows Down On Hiring Amid Macro Uncertainties

Spotify Technology S.A. (NYSE:SPOT) slowed hiring by 25%, CNBC reports based on a companywide email from CEO Daniel Ek. However, he added the company would “continue to still hire and grow, we are just going to slow that pace and be a bit more prudent with the absolute level of new hires over…

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Benzinga

Wells Fargo Changes Its Stance and Re-rates Spotify: Find Out Why

Wells Fargo analyst Steven Cahall upgraded Spotify Technology S.A. (NYSE:SPOT) from Underweight to Equal-Weight. He raised the price target from $101 to $124. Following its June 2022 investor day, Cahall gained more compelling insights into SPOT's operating leverage. Cahall noted the company's belief in accomplishing an operating margin of ~10% in ~5 years, as gross…

Benzinga

A Warning Sign For Other Advertisers? Snapchat Analysts React To Shocking Guidance Cut, Stock Sell-Off

Snap Inc (NYSE: SNAP) shares are plummeting 40% after CEO Evan Spiegel warned employees the company will miss its targets for revenue and earnings in the second quarter.

Benzinga

7 Walt Disney Analysts React To Q2 Earnings Miss, Subscriber Beat, Ongoing Asia Weakness

Walt Disney Co (NYSE: DIS) shares traded lower by 3.7% on Thursday after the company reported first-quarter earnings and said ongoing COVID-19 disruptions are weighing on its Asia theme park business.

Tribune News Service

Sinclair Broadcast reports massive profit as it ‘deconsolidated’ local sports networks from its books

Sinclair Broadcast Group said it earned $2.59 billion — yes, with a B — in the first quarter as it “deconsolidated” its local sports segment from its financial statements.

Benzinga

Disney's Park Segment Continue To Win Analyst Confidence

Goldman Sachs analyst Brett Feldman maintained a Buy rating on The Walt Disney Co (NYSE:DIS) after attending the company's Disney Parks Investor Experience at Walt Disney World in Orlando. Feldman's conviction in the firm's outlook has increased following the event. The analyst notes that the new reservation system and Genie app provide new insights with…

Benzinga

Here's Why Roku Plunged Below 52-Week Low Today

Analysts slashed their price targets on Roku Inc (NASDAQ:ROKU) post Q4 results. Pivotal Research analyst Jeffrey Wlodarczak downgraded to Sell from Hold with a PT of $95, down from $350 (34.4% downside). The company reported an "overall mixed" Q4 as it issued a lower than forecast 2022 revenue outlook and decided to "massively ramp" operating expenses,…

Benzinga

Here's Why Omnicom Shares Are Trading Higher Today

Wells Fargo analyst Steven Cahall raised the price target on Omnicom Group Inc (NYSE:OMC) to $96 from $85 (21.6% upside) and kept an Equal Weight rating on the shares. The analyst said Omnicom posted a "very solid" quarter amidst somewhat low expectations. Guidance for 5%-6% growth indicates "much stronger underlying trends," but the upside potential…

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