KeyBanc analyst Tyler Parker notes that Activision Blizzard (ATVI) and Google (GOOG) announced a multi-year strategic partnership in which Google Cloud will provide Activision's game hosting infrastructure and YouTube will be its exclusive streaming partner worldwide for live broadcasts and esports events. The relationship largely replaces a previous relationship with Amazon's (AMZN) Twitch and AWS services, which the analyst believes is largely a neutral development. Google Cloud should be "an excellent partner" for Activision's infrastructure needs, and while YouTube is a distant second to Twitch in terms of aggregate live viewership, the service is more than capable of delivering large audiences for quality content like the Overwatch League, he contends.
News For ATVI;GOOG;GOOGL;AMZN From the Last 2 Days
After having attended Amazon's virtual Accelerate conference, Baird analyst Colin Sebastian said Amazon CEO Andy Jassy, CEO of Worldwide Consumer Dave Clark and SVP of Global Delivery Services John Felton provided some commentary related to Amazon's fulfillment and supply chain that he views as "largely positive in the context of concerns over supply chain bottlenecks and the ability for retailers to meet consumer demand." While he still sees consensus operating margin expectations as "a bit too optimistic near-term," he feels more comfortable with GMV and revenue expectations following the event, said Sebastian, who has an Outperform rating and $4,000 price target on Amazon shares.
Amazon announced the opening of a new robotics manufacturing facility in Westborough, Massachusetts. The new facility will expand Amazon Robotics manufacturing capability in the U.S. and Amazon's growth in the region-and has created over 200 new manufacturing jobs in Massachusetts, Amazon said in a statement. The 350,000-square-foot facility will feature corporate offices, research and development labs, and manufacturing space-in addition to Amazon Robotics' current site in North Reading, Massachusetts.
Stephens analyst Nicholas Zangler notes that Roku (ROKU) and Google (GOOGL) continue to be embroiled in a contract dispute that may result in the removal of YouTube/YouTube TV apps from new Roku OS enabled devices if a deal is not reached by December 9th. Since April, the companies have been working to renew a partnership that would enable customers to once again download the YouTube TV app on the Roku OS, but negotiations appear to have stalled, the analyst adds. Zangler believes Roku sits in the "more enviable" position, given that the Roku OS commands 38% streaming hour market share among operating systems and comes embedded on 38% of TVs sold effectively serving as gatekeeper to a vast content library. He has an Overweight rating and a price target of $475 on Roku's shares.