Time Warner Inc.NYSE
Yesterday, 3:55 PM
- Through a broad-scope association, Turner plans to extend live premium sports coverage, launch a Bleacher Report channel in the U.S. (releases January 4) and develop original shows from brands including TBS, Adult Swim, truTV, Great Big Story and Super Deluxe for Snapchat's Discover platform.
- Turner (NYSE:TWX) and Snap (Private:CHAT) will collaborate on both the development of original shows and advertising opportunity by arranging exclusive appearances for brands to engage on Snapchat's ad experiences.
Yesterday, 11:40 AM
- Among early testifiers, and in favor of the deal, is Mark Cuban (interesting snippet here via Cheddar): "In the past, we went to our media ... Today our media comes to us ... The idea that TV is the dominant content delivery mechanism no longer is valid." These two companies need to combine, he says, just to have a chance to compete with the true dominant content providers: Facebook, Google, Microsoft, Apple, and Amazon.
- AT&T (T +1.5%) CEO Randall Stephenson promises consumers "better priced options than they have today." More: "There is a huge segment of our market that wants a bundle that doesn't involve sports."
- TWX is fluctuating on both sides of unchanged.
- WSJ live blog
Yesterday, 4:46 AM
- The top executives of AT&T (NYSE:T) and Time Warner (NYSE:TWX) will defend their proposed $85B merger before members of the Senate Judiciary Committee today, arguing that by combining, they will "disrupt" the long-established cable TV model in ways that will benefit consumers.
- However, the tie-up has already raised concerns from the right and left and taken flak from President-elect Donald Trump over its potential impacts on the industry as well as its sheer size.
Fri, Dec. 2, 2:49 PM
- Theater stocks spiral lower amid increased focus on a shorter window before movies are available at home.
- A top exec at Warner Bros. (TWX -0.6%) said at an investor conference earlier this week that he has held constructive talks within the industry about offering faster home rentals on top movies at a premium price ($25 to $50). Kevin Tsujihara says some films could be available for streaming as soon as two weeks after their big screen debut.
- On watch: Cinemark (CNK -3.6%), Regal Entertainment (RGC -2.5%), Carmike Cinemas (CNK -3.6%), Marcus Corp (MCS -0.5%), AMC Entertainment (AMC -3.6%) and IMAX (IMAX).
- The development could be positive for Netflix (NFLX +2.3%).
Fri, Dec. 2, 9:01 AM
- Candidate Donald Trump was strongly against the AT&T (NYSE:T)/Time Warner (NYSE:TWX) tie-up, but president-elect Trump's transition team has reassured T that its deal will be evaluated without prejudice, reports the FT.
- AT&T is encouraged by appointments to the transition team of two former competition officials with a history of hands-off attitude on antitrust. Talks with the team have AT&T believing its purchase will pass regulatory muster.
- University of Michigan professor Erik Gordon says he expects a Trump administration to turn tough on deals only when they might result in job losses. Gordon: “The Obama administration seemed to have an almost gut, visceral dislike of big powerful companies. I think the Trump administration doesn’t have that."
Fri, Dec. 2, 4:09 AM
- CNN (NYSE:TWX) is apparently looking to hire Fox News (FOX, FOXA) anchor Megyn Kelly. Her contract is up in July 2017.
- Sources told Drudge Report that CNN President Jeff Zucker was talking to Kelly and offering her a potential show on his network, but he couldn't match the $20M a year Fox was reportedly offering to keep her on its airwaves.
- Previously: Murdoch: Want to keep Kelly at Fox News but 'It's up to her' (Oct. 27 2016)
Thu, Dec. 1, 1:57 PM
Thu, Dec. 1, 10:00 AM
Wed, Nov. 30, 8:03 AM
- Disney-backed (NYSE:DIS) streaming TV platform BAMTech may be losing HBO as a customer, according to the New York Post.
- The premium pay-TV channel is looking to exit its contract sometime next year, which could be prompted by the fact that HBO is owned by Time Warner (NYSE:TWX), which is in the process of being acquired by telecom AT&T. Sources say it is has also been investing in developing its own in-house streaming capabilities.
- Disney owns a third of BAMTech, but is widely expected to become a much bigger shareholder.
Mon, Nov. 28, 10:37 AM
Mon, Nov. 28, 9:46 AM
- Beating out the film's closest competition, Fantastic Beasts and Where to Find Them (NYSE:TWX), which recorded $65.8M over the same term.
- The take marks the second-highest ever on the timeframe, with Disney's Frozen (NYSE:DIS) retaining the all-time record at $93.4M, set in 2013.
- Previously (November 23): The Walt Disney Company's 'Moana' doubles studio's Tuesday previews record
- Previously (November 21): 'Fantastic Beasts' casts box office spell
Wed, Nov. 23, 9:41 AM
- From Outperform prior. Target maintained at $63 (current price $60.93).
- Analyst Daniel Salmon considers CBS fairly valued, to become a "deal stock" regarding prospective Viacom merger and notes several catalysts, including an accelerated buyback, have already been worked through. Would become "fundamentally productive" on shares in the mid-$50s.
- Ranks "New Media pecking order" as follows – (NASDAQ:FOXA), (NYSE:TWX), (NYSE:CBS), (NASDAQ:VIAB), (NYSE:DIS)
Tue, Nov. 22, 10:12 AM
- Although the President-elect has railed against companies like NBCUniversal and Amazon for being too big, the advisers Trump named to help oversee his FCC and DOJ transitions have a history of being very pro-industry and anti-regulation, particularly when it comes to mergers.
- That could be good news for AT&T's (T +0.9%) $85B bid for Time Warner (TWX +0.8%), despite what Trump has said on the campaign trail.
- Jeff Eisenach has supported major media mergers proposed in recent years, while Mark Jamison argued in favor of the AT&T and T-Mobile tie-up, although in the end the FCC declined to approve the deal.
- Of Trump's three new advisers for the transition of DOJ - J. Patrick Rowan, Jessie Liu and Ronald Tenpas - none specialize in M&A, but all three have extensive experience in helping large companies navigate the U.S. regulatory landscape. Rowan has also helped counsel at least one sale of a U.S. telecom company to a foreign buyer.
Mon, Nov. 21, 5:02 AM
- Fantastic Beasts and Where to Find Them had no trouble finding first place at the box office this weekend, with the Harry Potter spinoff collecting an estimated $75M in the U.S. and Canada and $143.3M across the globe.
- But re-entering the world of wizardry didn't come cheap. Warner Bros. (NYSE:TWX) spent $180M to produce the film and tens of millions more to market it. Five films are planned in the series.
Fri, Nov. 18, 3:46 PM
- The Information suggests HBO Now (TWX +0.7%) could soon be added to Amazon's Channels portfolio, reporting a potential three-year deal is nearing realization.
- Amazon Channels (AMZN +0.8%) presently includes streaming offerings by Showtime, Starz and others, which Prime members are able to subscribe to on individual, monthly bases. With HBO Now subscriptions available through Apple TV, Roku and elsewhere, the absence had been one of note.
- Yesterday: Amazon streaming video service possibly on verge of worldwide expansion
Fri, Nov. 18, 12:14 PM
- The president-elect intends to nominate Alabama Senator Jeff Sessions as the next Attorney General. While the immediate focus (in much of the media) seems likely to be his hardline stance against illegal immigration, Evercore ISI's Terry Haines says the choice means an immediate shift from the "red light" antitrust policy of the Obama administration.
- Source: Bloomberg
- That, of course, would be of particular interest to AT&T (NYSE:T) and Time Warner (NYSE:TWX), as well as Bayer (OTCPK:BAYRY) and Monsanto (NYSE:MON).