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Comcast Corporation stock price, CCZ
Comcast Corporation stock chart:
Comcast Corporation close price: 50.1
Stock price forecast:
UP TO +0.12%
Total forecasts: 84
Reached: 0 (0.00%)
Total Win: 0.00 (0.00%)
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Comcast Corporation latest news:
NBC News acquires 25% of international network Euronews
Comcast Corp-owned NBC News on Wednesday said it has made a significant investment in international news network Euronews. The dollar amount of the acquisition was not disclosed, but NBC News will acquire 25% of Euronews with the funding going to support expanded news coverage and programming across Europe, according to a news release. "Euronews has unmatched scale as well as the unique ability to offer international coverage rooted in sensibility in every country and language it spans," NBC News Chairman Andrew Lack said in a statement. He also said the partnership is perfect as NBC News looks to strengthen its reach globally. Deborah Turness, who serves as president of NBC News International, will head the NBC side of the operation and will work in partnership with Euronews Chief Executive Michael Peters. Euronews employs nearly 500 journalists and reaches 434 million homes across 158 countries in 12 languages on both TV and digital platforms. Shares of Comcast are up more than 20% in the year to date, while the S&P 500 index is up nearly 8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Movie theater stocks suffer after a disappointing Memorial Day weekend at the box office
Shares of movie exhibitors and theater chain operators were down Tuesday after the box office suffered its lowest 4-day Memorial Day weekend draw in 18 years. AMC Entertainment Corp. led the decline, falling nearly 5%, while IMAX Corp. fell 4%, Cinemark Holdings Inc. fell more than 2% and Marcus Corp. fell 2%. Regal Entertainment Group's was less severe, falling less than 1%. The box office brought in an estimated $179.0 million over the 4-day weekend, which is the lowest gross for the typically busy weekend since 1999, said ComScore analyst Paul Dergarabedian. Foot traffic at the multiplex, which has been relatively stagnant for years, disappointed over the weekend. Dergarabedian said the slate of movies so far this summer, aside from Walt Disney Co.'s "Guardians of the Galaxy Vol. 2," have been poor. Disney's "Pirates of the Caribbean: Dead Men Tell No Tales" topped the holiday box office but received little help from critics, pulling in $77.0 million, according to ComScore estimates. The box office's other new comer, "Baywatch," distributed by Viacom Inc.'s Paramount Pictures pulled in just $23.0 million. So far in the summer season, the box office is down 5.6% compared with the same time frame last year. "The pressure is on right now," Dergarabedian said, as the industry looks to June releases "Wonder Woman" from Time Warner Inc.'s Warner Bros., Disney's "Cars 3" and "Despicable Me 3" from Comcast Corp.-owned Universal Pictures. The S&P 500 index was flat during Tuesday trade.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Hulu hires AMC Networks executive Joel Stillerman to expand original content
Hulu announced on Wednesday it has tapped former AMC Networks Inc. executive Joel Stillerman as the streaming platforms newly created chief content officer. Stillerman, who was president of original programming and development at AMC, will be in charge of overseeing the growth of Hulu's content partnerships, acquisitions and expansion of its originals slate. Hulu, which is expected to soon launch a live streaming TV option, is a jointly owned by Walt Disney Co. , 21st Century Fox Inc. , Comcast Corp. and Time Warner Inc. . "Over the past several years we've grown our audience and our content offering exponentially, and now is the right time to add Joel's creative and strategic leadership to the team and drive the next phase of Hulu's content business," said Hulu Chief Executive Mike Hopkins in a statement. Competition for exclusive content in Hollywood has continued to increase as streaming platforms like Hulu and rivals Netflix Inc. and Amazon.com Inc. have invested more in content production, distribution and acquisition. Hulu, which is currently streaming an adaptation of Margaret Atwood's "The Handmaid's Tale," made a splash last year with its first Golden Globe nomination for its comedy "Casual." Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 2-Comcast and Charter to announce wireless partnership on Monday -source
May 7 (Reuters) - Comcast Corp and Charter
Communications Inc will announce a wireless partnership
as soon as Monday, according to a source familiar with the
Viacom shares fall more than 7%, leading broader media selloff
Viacom Inc. shares were down more than 7% in afternoon trade on Wednesday, leading the broader media sector in an afternoon sell off. Following Viacom, shares of AMC Networks Inc. were down nearly 6% and 20th Century Fox Inc. shares fell more than 5%. Shares of Walt Disney Co. and Comcast Corp. were down more than 2%. There was no clear reason for the sell off, but Evercore ISI analyst Vijay Jayant attributed it to rearing cord-cutting fears, as the industry shifts focus to streaming. Earlier on Wednesday Hulu, which is jointly owned by Disney, Fox, Comcast and Time Warner, launched the beta version of its live TV service and Akamai Media reported poor revenue outlook due to continued weakness in its media business. Viacom will report second-quarter earnings on Thursday and is expected to post lower year-over-year profit at 59 cents per share with slightly improved revenue of $3.03 billion, according to FactSet. Shares of Viacom have gained more than 12% in the year to date, while declining nearly 5% in the last 12 months. By comparison, the S&P 500 index has gained nearly 7% in the year and 16% during the prior 12-month period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Comcast statement on the spectrum it sold and purchased in the FCC’s broadcast incentive auction
* Comcast Corporation statement on the spectrum it sold and
purchased in the FCC’s broadcast incentive auction
Under Armour, Comcast gain on earnings; Southwest drops
Under Armour, Comcast gain in Wall Street trading on earnings; Southwest drops
Under Armour, Comcast gain on earnings; Southwest drops
Stocks that moved substantially or traded heavily Thursday: Under Armour Inc., up $1.96 to $21.67 The athletic apparel maker reported higher costs but still beat Wall Street's expectations for the first quarter.
UPDATE 4-Comcast profit tops views on subscriber growth, movie hits
NEW YORK, April 27 (Reuters) - Comcast Corp's
quarterly profit topped estimates on strong growth in cable and
internet subscribers and hits such as "Fifty Shades Darker" and
"Get Out" boosted movie revenue, the No. 1 U.S. cable operator
said on Thursday.
AP Explains: What is net neutrality and why does it matter?
"Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block.
Verizon Shares Drop after Q1 Miss, Subscriber Losses and Mega-Merger Comments
Shares of Verizon (VZ) slid Thursday morning as the telecom missed earnings expectations and shed subscribers in the first quarter, Along with first quarter results, CFO Matt Ellis discussed the carrier's launch of an unlimited plan and CEO Lowell McAdams' recent comments that the telecom is open to deals with Comcast (CMCSA) or Disney (DIS) on a call before the market opened on Thursday.
Dish looks less attractive as acquisition target following $6.2 bln spectrum buy; shares fall
Shares of Dish Network Corp. fell nearly 6% intraday on Monday as analysts began speculating that Dish looked less attractive as an acquisition target after the telecom company spent $6.2 billion in the Federal Communications Commission broadcast spectrum auction last week. Dish was among the highest spenders during the auction, along with T-Mobile US Inc. and Comcast Corp. . Analysts at J.P. Morgan wrote that a bid for Dish by Verizon Communications Inc. , which had been speculated about before, was less likely following Dish's $6.2 billion spectrum spend. "Verizon neither needs nor wants more low-band spectrum," lead J.P. Morgan analyst Philip Cusick wrote in a note to clients. "This purchase does set up Dish as a one-stop-shop for low, mid, and high band auction were an internet or technology player need that to get into the wireless market, though we find this unlikely." Shares of Dish have gained 2% in the year to date and are up more than 32% in the last 12 months. By comparison, the S&P 500 index is up nearly 5% in the year and nearly 13% over the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
US-WIRELESS/AUCTION-T-Mobile, Comcast, Dish acquire spectrum in airwaves auction -FCC
NEW YORK, April 13 (Reuters) - The U.S. Federal
Communications Commission said on Thursday that T-Mobile US Inc
, Comcast Corp, Dish Network Corp and
U.S. Cellular Corp were among the largest buyers of
spectrum in an $19.8 billion broadcast airwaves auction.
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Comcast Offers Mobile Service, YouTube Takes on Cable TV
Comcast Goes Mobile With Cellphone Service For Existing Customers
Comcast's new cellphone offer will use Verizon's wireless network and Comcast's own Wi-Fi hotspots. Xfinity Mobile offers prices that are generally cheaper than major wireless carriers.
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