Black Panther' leaving Netflix for Disney+ next month, Variety reports » 14:5802/2002/20/20
Marvel film "Black…
Marvel film "Black Panther" will be leaving Netflix (NFLX) in the U.S. on March 3, 2020, at which point those who wish to stream the movie will be able to the next day on Disney+ (DIS), Variety's Todd Spangler reports. The migration of the film, which is one of the highest-grossing films of all time, to Disney+ comes as Disney winds down its output deal with Netflix for the U.S. and Canada, as Disney's "A Wrinkle in Time" will also leaving Netflix next month for Disney's own streaming service, Spangler says. Reference Link
Comcast promotes Jennifer Khoury to CCO to succeed D'Arcy Rudnay » 13:0302/2002/20/20
Story temporarily locked.
WarnerMedia reaches deal to bring HBO Max to YouTube TV, CNN Business reports » 12:0902/2002/20/20
T, GOOG, GOOGL
AT&T's (T) Warner Media has reached a deal to bring its HBO Max to YouTube TV (GOOGL), CNN Business' Frank Pallotta reports. Under the terms of the deal, HBO and Cinemax content will also be available on YouTube TV for the first time, according to the report. YouTube TV includes live TV and more than 70 networks including ABC, CBS, NBC, Fox and ESPN, costs $49.99 per month and has over 2M subscribers. Reference Link
AT&T to offer EUR2B in fixed rate and $1.75B in perpetual preferred stock » 16:0702/1802/18/20
The company states:…
The company states: "As described on the earnings call on January 29, 2020, AT&T continues to add preferred equity to its capital structure, providing investors another alternative to invest in AT&T. AT&T announced today the issuance of EURO$2,000,000,000 aggregate liquidation preference of its Fixed Rate Reset Perpetual Preferred Securities, Series B (20,000 shares, EURO$100,000 liquidation preference per Preferred Security). AT&T also announced the issuance of $1,750,000,000 aggregate liquidation preference of its 4.750% Perpetual Preferred Stock, Series C (70,000,000 depositary shares, with a liquidation preference equivalent to $25.00 per depositary share). Proceeds from the issuances will be used for general corporate purposes."
Blizzard's 'Overwatch,' 'Diablo' being adapted as TV series, Polygon says » 14:0602/1802/18/20
Blizzard Entertainment (ATVI) franchises "Overwatch" and "Diablo" may be adapted as television series, Polygon's Cass Marshall reports, citing a LinkedIn post from Nick van Dyk, president of Activision Blizzard. According to the post, a TV adaptation of "Diablo" is currently in pre-production for distribution through Netflix (NFLX), while an animated series based on "Overwatch" has been developed and sold, Marshall says. Reference Link
AT&T's auction to sell RSNs falls short of expectations, NY Post reports » 06:2202/1802/18/20
AT&T's (T) auction to sell four regional sports networks covering markets around Seattle, Denver, Pittsburgh and Houston has fallen short of expectations, with multiple bids coming in around or below $500M for the group, The New York Post's Josh Kosman reports. According to sources, expectations were estimated to be around $1B for the group, but AT&T admitted to bidders that over the next 12 months it expects its regional sports networks will suffer a drastic plunge in EBITDA. The lead bidder is Sinclair Broadcast Group (SBGI), according to the report. Reference Link
Box Office Battle: 'Sonic the Hedgehog' wins weekend with $70M opening » 18:0302/1702/17/20
T, CMCSA, CMCSK, SNE, LGF.A, LGF.B, DIS, VIACA, VIAC
"Box Office Battle" is…
Elliott adds LogMeIn, exits Devon in Q4 » 16:5802/1402/14/20
LQD, LOGM, HYG, NLOK, AXE, DVN, HES, FOXA, COMM, DELL, T, MPC, NLSN, VNO, OPB, CTXS, RILY, ESI, ARNC, EBAY
Paul Singer's Elliott Management disclosed in an SEC filing its holdings as of December 31, 2019. The fund's five new buys during the fourth quarter included, by size of position, IShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), LogMeIn (LOGM), IShares iBoxx High Yield Corporate Bond ETF (HYG), NortonLifeLock (NLOK), and Anixter (AXE). Elliott exited seven positions during the quarter, including by size of previous position Devon (DVN), Hess (HES), Fox Corp. Class A (FOXA), and CommScope (COMM). The fund increased its stake in six holdings, including by size of previous position Dell Technologies (DELL), AT&T (T), Marathon Petroleum (MPC), Nielsen (NLSN), and Vornado Realty Trust (VNO). Elliott reduced its stake in four holdings, including by size of previous position Opus Bank (OPB), Citrix Systems (CTXS), B. Riley Financial (RILY), and Element Solutions (ESI). The fund's top holdings as of December 31, in order of size, were Arconic (ARNC), Dell Technologies, Marathon Petroleum, Citrix Systems, and eBay (EBAY).
Lone Pine takes new stake in PayPal, exits Activision Blizzard » 16:5602/1402/14/20
PYPL, MTCH, LK, DXCM, UAA, ATVI, TIF, BKNG, WWE, FB, SHOP, MA, MELI, NFLX, AMZN, CRM, ADSK, IQV, MSFT, BABA, UNH, ADBE
Stephen Mandel's Lone Pine Capital disclosed in an SEC filing its holdings as of December 31, 2019. Lone Pine's 12 new buys during the fourth quarter included, by size of position, PayPal (PYPL), Match Group (MTCH), Luckin Coffee (LK), DexCom (DXCM), and Under Armour (UAA). Lone Pine exited eight positions during the quarter, including by size of previous position, Activision Blizzard (ATVI), Tiffany & Co. (TIF), Booking Holdings (BKNG), and World Wrestling Entertainment (WWE). Lone Pine increased its stake in 12 holdings, including by size of previous position, Facebook (FB), Shopify (SHOP), Mastercard (MA), MercadoLibre (MELI), and Netflix (NFLX). Lone Pine reduced its stake in 14 holdings, including by size of previous position, Amazon (AMZN), salesforce.com (CRM), Autodesk (ADSK), Iqvia (IQV), and Microsoft (MSFT). Lone Pine's top holdings as of December 31, 2019, in order of size, were Alibaba (BABA), UnitedHealth (UNH), Amazon, Adobe (ADBE), and Netflix.
Disney loses Disney+ marketing exec after short tenure, The Information says » 15:0902/1402/14/20
Disney's streaming division has lost performance marketing executive Brad Wilson only five months after he joined the company, according to The Information's Tom Dotan and Jessica Toonkel, citing people familiar with the situation. Disney confirmed the departure but Wilson, who had joined Disney from LendingTree, didn't respond to a request for comment, the report noted. Reference Link