This is Why Viacom’s Stock Fell Despite Beating Earnings Expectations
Media company Viacom Inc. (NASDAQ:$VIAB), which owns large television channels and production companies like MTV, Comedy Central, and Paramount Pictures, released its third quarter earnings on Thursday, August 3. Although earnings mostly surpassed analysts’ expectations, ... [Read]
AMC Entertainment Holdings Previewed Q2 Earnings, Stock Dropped to a New All-Time Low
On Wednesday, August 2, AMC Entertainment Holdings’ (NYSE:$AMC) stock dropped to a new all-time low. To no surprise, the plummet comes a day after the Leawood, Kansas-based company previewed less-than impressive Q2 earnings. Following Tuesday’s ... [Read]
Time Warner Q2 Earnings Received a Massive Boost From ‘Wonder Woman’ Success
Before the opening bell Wednesday, Time Warner (NYSE:$TWX) reported its second quarter earnings. The outcome of the entertainment conglomerate’s earnings was caused by two factors in particular: A) “Wonder Woman’s” box office success, and B) ... [Read]
Big-Name Tech Companies Bid for the Online Video Highlight Rights for the 2018 World Cup
Bloomberg has reported that Snap (NYSE:$SNAP), Facebook (NASDAQ:$FB), and Twitter (NYSE:$TWTR) are all bidding for the online video highlight rights for the 2018 World Cup. While these aren’t the streaming rights for the games – ... [Read]
Spotify Now Has More Than 60 Million Paying Users
On July 31, Spotify updated its subscriber information, putting its number of paying users at more than 60 million. As mundane as it might sound to some, this is extremely significant news, as it means ... [Read]
9 Essential Things Investors Should Know About Pandora Media’s Second Quarter Results
For those interested in music company stocks, pay close attention to the following: On Monday, July 31, Pandora Media (NYSE:$P) reported financial results for the second quarter, which ended on June 30, 2017. “We have ... [Read]
Discovery Communications Announces Acquisition of Scripps Networks
On Monday, July 31, Discovery Communications Inc. (NASDAQ:$DISCA) announced that it will be acquiring Scripps Networks Interactive Inc. (NASDAQ:$SNI) for $11.9 billion. This acquisition will help to increase the company’s negotiating leverage as pay TV ... [Read]
Strong Second Quarter Earnings for SiriusXM Drives Its Stock Higher
SiriusXM (NASDAQ:$SIRI) released its second quarter earnings report on Thursday, July 27. The report was quite positive, and the company’s stock increased following the news. As of 11:40 AM PT on July 27, SiriusXM’s stock ... [Read]
Netflix Remains Immune to Amazon’s Incursions
By now, it’s obvious that Amazon (NASDAQ:$AMZN) is on a rampage. However, contrary to popular belief, it might not be enough for the e-commerce giant to get its hands on Netflix’s (NASDAQ:$NFLX) business. Netflix has ... [Read]
Former Vice President of Fox News Latino Files Lawsuit Against 21st Century Fox, Claiming Failure to Follow Agreements of Previous Settlement of Sexual Harassment Case
On July 25, former vice president of Fox News Latino, Francisco Cortes, filed a lawsuit against 21st Century Fox. The lawsuit claimed that 21st Century Fox (NASDAQ:$FOXA) had violated terms of a $2.5 million settlement ... [Read]