Yesterday, FCC Chair Rosenworcel circulated two items for a Commission vote that would help broadcasters in retransmissions disputes by forcing the cable, satellite, and telco multi-channel video program distributors (MVPDs) to reimburse consumers for blackout days during which the consumers did not get the full package that they had signed up for.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The independent financial analyst theScreener just awarded an improved star rating to VIACOM INCO. (US), active in the Broadcasting & Entertainment industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date November 19, 2019...
Viacom reported a mixed fiscal second quarter, as revenue fell short of consensus projections and EBITDA beat Street estimates. Paramount continues to rebound as the studio has gained momentum on both film and TV production sides. On the distribution side, Viacom signed a new long-term deal with AT&T which includes carriage on the updated DirecTV Now packages. We are maintaining our narrow moat rating and our $36 fair value estimate. With shares trading in 4-star territory, the price may offer a...
Viacom reported a mixed fiscal second quarter, as revenue fell short of consensus projections and EBITDA beat Street estimates. Paramount continues to rebound as the studio has gained momentum on both film and TV production sides. On the distribution side, Viacom signed a new long-term deal with AT&T which includes carriage on the updated DirecTV Now packages. We are maintaining our narrow moat rating and our $36 fair value estimate. With shares trading in 4-star territory, the price may off...
Viacom started fiscal-year 2019 on a strong note, as revenue for the first quarter met consensus projections and EBITDA beat Street estimates. The results were buoyed by another strong quarter at Paramount. Management’s restructuring plan is delivering results, but we still believe that long-term affiliate revenue growth may be restrained by the challenges in gaining carriage for its smaller channels. We are maintaining our narrow moat rating and our $36 fair value estimate. With the stock tra...
Viacom started fiscal-year 2019 on a strong note, as revenue for the first quarter met consensus projections and EBITDA beat Street estimates. The results were buoyed by another strong quarter at Paramount. Management’s restructuring plan is delivering results, but we still believe that long-term affiliate revenue growth may be restrained by the challenges in gaining carriage for its smaller channels. We are maintaining our narrow moat rating and our $36 fair value estimate. With the stock tra...
On Jan. 22, Viacom announced the purchase of Pluto TV, an ad-supported OTT platform, for $340 million in cash. Pluto offers both linear streaming channels and on-demand content via its platform-agnostic app and in-browser service. While we don't expect Viacom to place its pay television channels on the service, Pluto could offer a platform for monetizing some of the firm’s older library titles while also providing Viacom with a wealth of knowledge about streaming. Viacom’s larger advertising...
On Jan. 22, Viacom announced the purchase of Pluto TV, an ad-supported OTT platform, for $340 million in cash. Pluto offers both linear streaming channels and on-demand content via its platform-agnostic app and in-browser service. While we don't expect Viacom to place its pay television channels on the service, Pluto could offer a platform for monetizing some of the firm’s older library titles while also providing Viacom with a wealth of knowledge about streaming. Viacom’s larger advertising...
Viacom holds a valuable portfolio of cable networks with worldwide carriage, a large production studio, and a deep content library. In our view, two of the company’s networks, Nickelodeon and MTV, particularly benefit from strong brands. The plan to focus on these two networks plus Nick Jr., BET, Comedy Central, and Paramount is the right strategic decision for the media firm to move past the issues that arose under the previous management team. Nickelodeon remains the crown jewel of Viacom. I...
The constantly evolving media ecosystem has put tremendous pressure on the traditional pay-television bundle model as people find new ways to consume content. Three years ago, we offered the view that the traditional pay-television bundle was broken but not dead. Since then, there have been a number of new entrants that use the Internet to distribute pay television, so-called over-the-top services. However, the pace of change within the pay-television delivery marketplace remains frustratingly s...
Viacom ended fiscal 2018 on a strong note, as revenue for the final fiscal quarter of the year beat consensus projections and EBITDA came in line with Street estimates. Management’s restructuring plan appears to be working, but we remain concerned about the long-term affiliate revenue growth. We believe Viacom still faces challenges in gaining carriage at the OTT pay TV operators for a number of its smaller channels. We are maintaining our narrow moat rating and raising our fair value estimate...
Viacom ended fiscal 2019 on a strong note, as revenue for the final fiscal quarter of the year beat consensus projections and EBITDA came in line with Street estimates. Management’s restructuring plan appears to be working, but we remain concerned about the long-term affiliate revenue growth. We believe Viacom still faces challenges in gaining carriage at the OTT pay TV operators for a number of its smaller channels. We are maintaining our narrow moat rating and raising our fair value estimate...
Viacom ended fiscal 2018 on a strong note, as revenue for the final fiscal quarter of the year beat consensus projections and EBITDA came in line with Street estimates. Management’s restructuring plan appears to be working, but we remain concerned about the long-term affiliate revenue growth. We believe Viacom still faces challenges in gaining carriage at the OTT pay TV operators for a number of its smaller channels. We are maintaining our narrow moat rating and raising our fair value estimate...
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