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DIS

Disney

$101.17

0.47 (0.47%)

08:31
08/22/17
08/22
08:31
08/22/17
08:31

Piper finds nearly 20% of surveyed consumers would pay to stream ESPN

In part two of a survey of over 1,000 consumers regarding Disney's recent streaming plan announcements, Piper Jaffray analyst Stan Meyers says 19% of those surveyed expressed interest in subscribing to an ESPN streaming service. Of those interested, 41% would pay more than $5 per month, Meyers tells investors. The analyst estimates the service can reach 6M subscribers over the next few years once the complete ESPN streaming service is launched. Meyers, who sees ESPN streaming helping Disney with its leverage with multichannel video programming distributors, keeps an Overweight rating and $130 price target on Disney shares.

DIS Disney
$101.17

0.47 (0.47%)

08/09/17
NEED
08/09/17
NO CHANGE
NEED
Hold
Needham applauds BAMTech acquisition by Disney
Needham analyst Laura Martin is lowering her 2018 estimates for Disney (DIS), but applauds the BAMTech acquisition as a fast-pass way to escape the U.S. TV-bundle box, albeit expensive as the former said it would be modestly dilutive for 2 years. The analyst believes that every content company must follow CBS (CBS) into the direct-to-consumer channel business to maintain growth. Rather than build it, Disney bought this capability which should accelerate time to market, Martin adds. The analyst reiterates a Hold rating on Disney's shares.
08/14/17
PIPR
08/14/17
NO CHANGE
Target $215
PIPR
Overweight
Piper survey shows Disney loss having minimal impact on Netflix
Piper Jaffray analyst Michael Olson says that while Disney (DIS) ending its agreement for distribution of certain content is a negative headline, it will have minimal impact on the Netflix (NFLX). His firm surveyed over 500 U.S. Netflix subscribers and asked what percent of their Netflix time is spent on Disney. Piper found that "only" around 20% of subscribers spend greater than 10% of their Netflix time viewing Disney content. The analyst expects "almost none" of the remaining 80% of subscribers will cancel due to the loss of Disney. Further, the 20% of heavier Disney viewers are unlikely to cancel unless Disney accounts for a large portion, like greater than 40%, of their Netflix viewing time, Olson tells investors in a research note. He points out that Netflix shares are down 4% since Disney's announcement on August 8. The analyst keeps an Overweight rating on Netflix shares with a $215 price target. The streaming service closed Friday up $2.26 to $171.40.
08/15/17
PIPR
08/15/17
NO CHANGE
Target $130
PIPR
Overweight
Piper survey shows 'sizable' interest in Disney streaming service
Piper Jaffray analyst Stan Meyers says his firm's survey of over 1,000 consumers found a "sizable," 23% interest in subscribing to a Disney/Pixar streaming service. Of those interested, 37% would pay more than $5 per month, Meyers tells investors in a research note. The analyst estimates 4M subscribers will be Disney's (DIS) equilibrium point between launching its own service and licensing to Netflix (NFLX), which will end in 2019. Disney's entry into direct-to-consumer streaming should "unlock some of its library value, enhance leverage with distributors, and open the door to potentially cross sell its consumer products," Meyers argues. He keeps an Overweight rating on Disney shares with a $130 price target. The stock closed yesterday down 59c to $101.40.
08/18/17
GSCO
08/18/17
NO CHANGE
GSCO
Disney Internet TV service is right strategy, says Goldman Sachs
Goldman Sachs analyst Drew Borst says that Disney's upcoming video streaming service could be dilutive to its profits in the first year before reaching break even in years two and three. However, the analyst says that the move will beat fruit over the long-term because it will allow the company "to develop a more direct relationship with consumers." and monetize "broadband-only U.S. households." The analyst cut his price target on the shares to $119 from $133 but keeps a Buy rating on the stock and keeps the stock on the firm's Conviction Buy List.

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ADT

ADT Inc.

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Apollo Global

$34.07

-1.005 (-2.87%)

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ADT

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NSPR

InspireMD

$0.17

-0.0019 (-1.11%)

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ODP

Office Depot

$3.51

0.01 (0.29%)

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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FAZ

Direxion Financial Bear 3x

$10.45

-0.1438 (-1.36%)

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NINE

Nine Energy Services

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COLD

Americold Realty Trust

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QRVO

Qorvo

$68.76

-1.92 (-2.72%)

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ADT

ADT Inc.

, APO

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$34.37

-0.7 (-2.00%)

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TCON

TRACON Pharmaceuticals

$3.05

0.05 (1.67%)

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AXP

American Express

$97.92

-1.945 (-1.95%)

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NWL

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