Fox Posts a Mixed Start to Fiscal 2018; No Plans to Launch a Branded SVOD Service for its Content
Fox opened fiscal 2018 with a mixed quarter as revenue came in above our expectations, but EBITDA fell short of our projection due to the broadcast segment. As expected, management did not directly respond to press reports about the potential sale of Fox’s entertainment assets to Disney. However, Chairman Lachlan Murdoch stated that the firm did have requisite scale to compete in the media landscape, directly refuting one of the reasons floated for selling the assets. We are maintaining our wide...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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