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Fly News Breaks for August 22, 2016
CMCSA, DISH, ROVI, CMCSK
Aug 22, 2016 | 09:18 EDT
Piper Jaffray analyst Michael Olson notes that Rovi (ROVI) announced a 10-year renewal with DISH (DISH) and while the terms were not disclosed, economics should be similar to recent deals, likely in the range of 21c-22c per subscriber per month. With DISH in the fold, nine of the ten major U.S. TV service providers now license Rovi guide patents, the analyst said, with Comcast (CMCSA; CMCSK) remaining the lone holdout. Olson believes discussions with Comcast are at the economic level, and is confident in Comcast signing, potentially in the first half of 2017. He reiterates an Overweight rating and $27 price target on Rovi's shares.
News For ROVI;CMCSA;CMCSK;DISH From the Last 2 Days
CMCSA
Jul 16, 2018 | 16:15 EDT
In its quarterly letter, Netflix stated: "YouTube and Netflix are two leading global (ex-China) internet entertainment services. HBO and Disney are evolving to focus on internet entertainment services. Amazon and Apple are investing in content as part of larger ecosystem subscriptions...We believe that consumer appetite for great content is broad and that there is room for multiple parties to have attractive offerings. We anticipate more competition from the combined AT&T/Warner Media, from the combined Fox/Disney or Fox/Comcast as well as from international players like Germany's ProSieben and Salto in France. Our strategy is to simply keep improving, as we've been doing every year in the past."
CMCSA, CMCSK
Jul 16, 2018 | 09:38 EDT
In a regulatory filing after the close on Friday, Disney (DIS) stated: "On July 11, 2018, Comcast announced a revised cash offer for the fully diluted share capital of Sky at an offer price of GBP14.75 per Sky share, which we refer to as the revised Comcast Sky offer. The revised Comcast Sky offer was recommended by the Sky independent committee. 21CF may elect not to increase the price offered by it in the Sky acquisition and any increase in the debt financing for the Sky acquisition would require Disney's consent, which Disney may elect not to provide. Any sale by 21CF of its interest in Sky would require Disney's consent. Completion of the Sky acquisition is not a condition to either party's obligation to consummate the transactions. If the Sky acquisition is not completed by 21CF for any reason, then upon consummation of the transactions, New Disney would indirectly acquire 21CF's approximately 39% interest in Sky. Completion of the Sky acquisition will not affect the amount or form of consideration that stockholders of 21CF receive in the transactions. In the event that the transactions are not completed due to the failure to obtain regulatory approvals or in certain other limited circumstances, Disney has agreed to reimburse 21CF for an amount equal to the difference between the cash consideration of GBP14.00 and GBP13.00 for each share of Sky purchased by 21CF pursuant to the Sky acquisition, plus any interest and fees on such amount."
CMCSA
Jul 16, 2018 | 09:38 EDT
Comcast (CMCSA) is seen as highly unlikely to raise its bid for the assets of 21st Century Fox (FOXA) that Disney (DIS) has reached an agreement to acquire, CNBC's David Faber reports, citing sources. Comcast is focused on winning the assets of (SKYAY), Faber adds.
CMCSA
Jul 16, 2018 | 07:35 EDT
Notable call activity was cited Friday in Comcast (CMCSA), Square (SQ), 21st Century Fox (FOXA), Roku (ROKU), PagSeguro Digital (PAGS), Lowe's (LOW), Skechers (SKX), FMC Technologies (FTI), BB&T (BBT), and KeyCorp (KEY).
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