NBC’s 2020 streaming service won’t be very compelling for cord cutters — and that’s by design

The proof is in the details of NBC’s streaming service, coming next spring. And you’ll get a few originals for the streaming service, the quality of which is to be determined. NBC expects its revenue from cord cutters on its streaming service to be “completely immaterial,” according to a person familiar with the matter. Customers who cancel Comcast’s TV service for, say, YouTube TV will still get NBC’s streaming service for free. But at launch next year, the NBC streaming service won’t be a comp


The proof is in the details of NBC’s streaming service, coming next spring. And you’ll get a few originals for the streaming service, the quality of which is to be determined. NBC expects its revenue from cord cutters on its streaming service to be “completely immaterial,” according to a person familiar with the matter. Customers who cancel Comcast’s TV service for, say, YouTube TV will still get NBC’s streaming service for free. But at launch next year, the NBC streaming service won’t be a comp
NBC’s 2020 streaming service won’t be very compelling for cord cutters — and that’s by design Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: alex sherman
Keywords: news, cnbc, companies, wont, cord, disney, thats, live, nbcs, service, hulu, tv, 2020, compelling, nbc, paytv, streaming, design, customers, cutters


NBC's 2020 streaming service won't be very compelling for cord cutters — and that's by design

The streaming wars — the race to launch subscription video products — has been driven by an underlying concept: The traditional pay-TV bundle is dying as millions of U.S. households cut the cord each year and shift their video consumption to services like Netflix.

This has been a hard pill to swallow for legacy media companies, which derive billions of dollars from traditional pay TV. Yet, many of those media companies are coming to grips with reality and beginning to disrupt their own business models, headlined by Disney’s $6.99 Disney+ offering for this year.

That’s not the case for Comcast’s NBCUniversal (the parent company of CNBC and CNBC.com).

NBC doesn’t want you to cut the cord. Maybe this isn’t too surprising since its owner is the largest U.S. cable company. But it’s unusual because it directly contradicts the disruption narrative. Instead of submissively accepting that the pay-TV world is ending, NBC is taking a stand and fighting back.

The proof is in the details of NBC’s streaming service, coming next spring.

NBC’s ad-supported streaming service will be free to all customers who pay for traditional live television — whether through Comcast or any other provider, including virtual pay-TV bundles like Google’s YouTube TV or AT&T’s DirecTV Now, assuming partnership deals are struck, according to people familiar with the matter.

For those who have cut the cord, it will probably be about $10, said the people, who asked not to be named because the discussions on price are still ongoing.

CNBC has also learned that the free version of service for pay-TV subscribers will include live linear channels, same-season episodes and past-season episodes. Customers will be able to watch NBC programming anywhere, on any device, independent of their cable provider’s footprint. NBC will have nonexclusive access to all of the programming it sells to Hulu for the streaming service, as part of the deal with Disney the two companies announced on Tuesday.

But the $10 version for cord cutters won’t include live linear channels and won’t include same-season shows. You’ll get a bunch of reruns, most of which will also be available on Hulu if you already subscribe to that service. And you’ll get a few originals for the streaming service, the quality of which is to be determined.

So what are you getting for your $10 a month? Not much at first. And that’s the point.

NBC expects its revenue from cord cutters on its streaming service to be “completely immaterial,” according to a person familiar with the matter. The company is actively trying to make its cord-cutting streaming service inferior to its pay-TV version. The service is primarily meant as a nice additional benefit for customers who already pay for cable or satellite TV.

NBC’s decision isn’t totally motivated by supporting Comcast’s cable TV business. Now that Disney has full operational control of Hulu, Disney can bundle Hulu (or Hulu with Live TV) with Disney+ to make a compelling streaming offering that should further accelerate cord cutting. NBC is OK with this. Customers who cancel Comcast’s TV service for, say, YouTube TV will still get NBC’s streaming service for free.

NBC will certainly monitor the take rate of its streaming service among non pay-TV subscribers if cord cutting dramatically accelerates. If necessary, it can move content on and off its service thanks to Tuesday’s deal with Hulu, as well as the impending expiration of streaming-rights deals for popular shows it owns, such as “The Office.” And three years from now, when its content deal with Hulu ends, there’s an easy path for NBC to make its streaming service more compelling by making all its content exclusive to it.

But at launch next year, the NBC streaming service won’t be a compelling addition for cord cutters. And that’s the point.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC and CNBC.com.

WATCH: Comcast will sell its Hulu stake to Disney, giving Disney full control


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: alex sherman
Keywords: news, cnbc, companies, wont, cord, disney, thats, live, nbcs, service, hulu, tv, 2020, compelling, nbc, paytv, streaming, design, customers, cutters


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No ‘compelling’ reason to invest in Indian stocks now: SEB

No ‘compelling’ reason to invest in Indian stocks now: SEB14 Hours AgoThe sentiment toward Indian assets is being affected by the fact that the country’s election outcome is “very uncertain,” says Eugenia Victorino of SEB.


No ‘compelling’ reason to invest in Indian stocks now: SEB14 Hours AgoThe sentiment toward Indian assets is being affected by the fact that the country’s election outcome is “very uncertain,” says Eugenia Victorino of SEB.
No ‘compelling’ reason to invest in Indian stocks now: SEB Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20
Keywords: news, cnbc, companies, outcome, seb, seb14, uncertain, indian, compelling, victorino, reason, stocks, sentiment, invest


No 'compelling' reason to invest in Indian stocks now: SEB

No ‘compelling’ reason to invest in Indian stocks now: SEB

14 Hours Ago

The sentiment toward Indian assets is being affected by the fact that the country’s election outcome is “very uncertain,” says Eugenia Victorino of SEB.


Company: cnbc, Activity: cnbc, Date: 2019-02-20
Keywords: news, cnbc, companies, outcome, seb, seb14, uncertain, indian, compelling, victorino, reason, stocks, sentiment, invest


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Market bull braces for 5-10 percent pullback, sees compelling reasons to buy the dip

But there’s concern on the Street that seasonal headwinds may prevent the next leg up in the coming weeks. Historically, August is vulnerable to stock market declines during midterm election years. “I would honestly look at it probably as a buying opportunity if we did get that pullback,” he said. Stone, who runs Stone Investment Partners, contends the strong earnings numbers could help the market overcome seasonal sluggishness, thus averting a pullback altogether. Regardless of whether or not a


But there’s concern on the Street that seasonal headwinds may prevent the next leg up in the coming weeks. Historically, August is vulnerable to stock market declines during midterm election years. “I would honestly look at it probably as a buying opportunity if we did get that pullback,” he said. Stone, who runs Stone Investment Partners, contends the strong earnings numbers could help the market overcome seasonal sluggishness, thus averting a pullback altogether. Regardless of whether or not a
Market bull braces for 5-10 percent pullback, sees compelling reasons to buy the dip Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-09  Authors: stephanie landsman, getty images, source, feature china, barcroft media, kcna, thomas barwick getty images, lawrence mcdonald
Keywords: news, cnbc, companies, 510, stone, buy, dip, sp, reasons, compelling, pullback, street, bull, market, theres, braces, selloff, sees, seasonal, stock, earnings


Market bull braces for 5-10 percent pullback, sees compelling reasons to buy the dip

Even some market bulls can’t deny sell-off risks right now.

Wall Street veteran Bill Stone, who spent 18 years as a chief strategist at PNC Financial, told CNBC’s “Trading Nation” on Wednesday that a 5 to 10 percent stock market drop is conceivable in the coming weeks.

“Since we are back close to the highs for the S&P 500, risks of a pullback have certainly risen,” he wrote in a note to CNBC.

The S&P 500 has been flirting with fresh records. The index is now just fractions of percent from its all-time high of 2,872.87.

But there’s concern on the Street that seasonal headwinds may prevent the next leg up in the coming weeks. Historically, August is vulnerable to stock market declines during midterm election years.

Yet it’s not alarming Stone.

“I would honestly look at it probably as a buying opportunity if we did get that pullback,” he said.

Stone, who runs Stone Investment Partners, contends the strong earnings numbers could help the market overcome seasonal sluggishness, thus averting a pullback altogether.

“Third quarter earnings are probably set to grow around 20 percent,” he said.

Regardless of whether or not a near-term sell-off comes, Stone sees stocks closing the year higher than current levels. His favorite groups in the U.S. are technology, energy and real estate. For investors looking to venture outside the country, he views Japan as a profitable spot.

“Japan is susceptible to the whole tariffs spat between the U.S. and China. But Japan is selling at 13x earnings,” he said. “They even have a dividend yield of about 2.1 percent right now — so, even above the S&P 500.”

As for 2019, he’s not too concerned about the market.

“Everything that I track really says there’s very little chance of us going into a recession any time in the near future,” Stone said. “The backdrop is good.”


Company: cnbc, Activity: cnbc, Date: 2018-08-09  Authors: stephanie landsman, getty images, source, feature china, barcroft media, kcna, thomas barwick getty images, lawrence mcdonald
Keywords: news, cnbc, companies, 510, stone, buy, dip, sp, reasons, compelling, pullback, street, bull, market, theres, braces, selloff, sees, seasonal, stock, earnings


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Cowen upgrades Qualcomm as several catalysts make chipmaker’s shares a ‘compelling’ buy

Cowen bumped its rating on shares of Qualcomm to “outperform” from “market perform” on Monday. “Several potential catalysts could unlock significant value within the Qualcomm franchise,” Cowen analyst Matthew Ramsay wrote in a note, adding that the risk vs. reward analysis of the chipmaker makes it a “compelling” buy. A settlement with “either Apple or Huawei” in ongoing litigation was among the catalysts Cowen identified, Ramsay wrote. “At current valuation levels, we believe the risk/reward se


Cowen bumped its rating on shares of Qualcomm to “outperform” from “market perform” on Monday. “Several potential catalysts could unlock significant value within the Qualcomm franchise,” Cowen analyst Matthew Ramsay wrote in a note, adding that the risk vs. reward analysis of the chipmaker makes it a “compelling” buy. A settlement with “either Apple or Huawei” in ongoing litigation was among the catalysts Cowen identified, Ramsay wrote. “At current valuation levels, we believe the risk/reward se
Cowen upgrades Qualcomm as several catalysts make chipmaker’s shares a ‘compelling’ buy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-06  Authors: michael sheetz, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, buy, potential, compelling, shares, qualcomm, significant, share, believe, ramsay, chipmakers, riskreward, cowen, wrote, upgrades, catalysts


Cowen upgrades Qualcomm as several catalysts make chipmaker's shares a 'compelling' buy

Cowen bumped its rating on shares of Qualcomm to “outperform” from “market perform” on Monday.

“Several potential catalysts could unlock significant value within the Qualcomm franchise,” Cowen analyst Matthew Ramsay wrote in a note, adding that the risk vs. reward analysis of the chipmaker makes it a “compelling” buy.

Shares of Qualcomm rose 0.5 percent after the report, closing trading at $65.73 per share.

A settlement with “either Apple or Huawei” in ongoing litigation was among the catalysts Cowen identified, Ramsay wrote. Cowen says it believes “Qualcomm is in a favorable negotiating position” as it heads toward court dates with Apple before the International Trade Commission.

“Apple’s influence over Qualcomm’s business is now minimal,” Ramsay said. “We believe the risk/reward heading into non-standard patent ITC case against Qualcomm is unfavorable for Apple.”

The semiconductor company could also benefit from the “execution of a significant buyback” – Qualcomm announced $30 billion of share buybacks during its most recent earnings report – and “a potential infusion of new ideas into management,” the analyst wrote.

“At current valuation levels, we believe the risk/reward set up is attractive as we believe investors are not currently valuing significant traction in any of these potential catalysts,” Ramsay wrote.

Cowen raised its price target on Qualcomm stock to $80 per share from $64 per share.


Company: cnbc, Activity: cnbc, Date: 2018-08-06  Authors: michael sheetz, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, buy, potential, compelling, shares, qualcomm, significant, share, believe, ramsay, chipmakers, riskreward, cowen, wrote, upgrades, catalysts


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Snap confirms it will lay off ‘just over 120’ employees

Snap confirmed on Thursday “just over 120” layoffs from the engineering department, saying the streamlined team will help keep a “high technical bar.” “We are doing this after a thoughtful and respectful review of each team member and with appreciation for the many contributions they have made to Snap.” Snap last month rolled out the redesign of its pioneering photo messaging app, Snapchat, the first major feat for its engineers since the app’s launch. CNBC reported on Wednesday that the company


Snap confirmed on Thursday “just over 120” layoffs from the engineering department, saying the streamlined team will help keep a “high technical bar.” “We are doing this after a thoughtful and respectful review of each team member and with appreciation for the many contributions they have made to Snap.” Snap last month rolled out the redesign of its pioneering photo messaging app, Snapchat, the first major feat for its engineers since the app’s launch. CNBC reported on Wednesday that the company
Snap confirms it will lay off ‘just over 120’ employees Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-08  Authors: sara salinas, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, engineers, team, letter, engineering, weeks, technically, reported, technical, 120, confirms, lay, thoughtful, employees, snap, compelling


Snap confirms it will lay off 'just over 120' employees

Snap confirmed on Thursday “just over 120” layoffs from the engineering department, saying the streamlined team will help keep a “high technical bar.”

“Having high-performance, technically excellent, and appropriately aligned teams will be critical to building both a compelling product and a compelling culture for engineers,” Jerry Hunter, head of Snap’s engineering team, said in a letter to employees. “We are doing this after a thoughtful and respectful review of each team member and with appreciation for the many contributions they have made to Snap.”

Snap last month rolled out the redesign of its pioneering photo messaging app, Snapchat, the first major feat for its engineers since the app’s launch.

CNBC reported on Wednesday that the company would lay off about 100 engineers, just weeks after CEO Evan Spiegel said the company’s recent headcount growth would continue.

Cheddar’s Alex Heath first reported the letter, which you can read in full here:


Company: cnbc, Activity: cnbc, Date: 2018-03-08  Authors: sara salinas, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, engineers, team, letter, engineering, weeks, technically, reported, technical, 120, confirms, lay, thoughtful, employees, snap, compelling


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MGM Resorts to pop 33% as compelling value play: JP Morgan

MGM Resorts represents the gambling sector’s most compelling option in the new year, according to J.P. Morgan. Though the company had a turbulent 2017, analyst Joseph Greff told clients that investors are underestimating MGM and that the company is likely to surpass expectations during earnings. “We believe MGM represents the gaming sector’s most attractive risk/reward for 2018, as it is now the best absolute value play in gaming,” wrote Greff on Tuesday. “We continue to like the stock here as w


MGM Resorts represents the gambling sector’s most compelling option in the new year, according to J.P. Morgan. Though the company had a turbulent 2017, analyst Joseph Greff told clients that investors are underestimating MGM and that the company is likely to surpass expectations during earnings. “We believe MGM represents the gaming sector’s most attractive risk/reward for 2018, as it is now the best absolute value play in gaming,” wrote Greff on Tuesday. “We continue to like the stock here as w
MGM Resorts to pop 33% as compelling value play: JP Morgan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-09  Authors: thomas franck, lam yik fei, bloomberg, getty images, mark ralston, afp, anadolu agency, xaume olleros, kham, dan kitwood
Keywords: news, games, cnbc, companies, compelling, play, sectors, mgm, jp, morgan, company, represents, investors, greff, gaming, expectations, analyst, pop, value, believe, 33, resorts


MGM Resorts to pop 33% as compelling value play: JP Morgan

MGM Resorts represents the gambling sector’s most compelling option in the new year, according to J.P. Morgan.

Though the company had a turbulent 2017, analyst Joseph Greff told clients that investors are underestimating MGM and that the company is likely to surpass expectations during earnings.

“We believe MGM represents the gaming sector’s most attractive risk/reward for 2018, as it is now the best absolute value play in gaming,” wrote Greff on Tuesday. “We continue to like the stock here as we believe investor expectations are reasonably low – we’d say almost negative, but probably more in the ‘I don’t give a hoot’ camp.”

The analyst, who has an overweight rating on the casino resort company, encouraged investors to consider adding exposure to MGM.


Company: cnbc, Activity: cnbc, Date: 2018-01-09  Authors: thomas franck, lam yik fei, bloomberg, getty images, mark ralston, afp, anadolu agency, xaume olleros, kham, dan kitwood
Keywords: news, games, cnbc, companies, compelling, play, sectors, mgm, jp, morgan, company, represents, investors, greff, gaming, expectations, analyst, pop, value, believe, 33, resorts


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JPMorgan calls Callaway Golf ‘compelling’, cites market share and innovation

Callaway Golf’s innovative product portfolio is helping boost the company’s market share, which should result in double-digit profit growth through fiscal year 2019, according to JPMorgan, which initiated coverage at overweight. That, in combination with growing golf participation nationwide, should add up to meaningful upside for investors. “Under the leadership of CEO Chip Brewer, Callaway has capitalized on golf industry disruption by investing heavily in R&D and technology, improving brand m


Callaway Golf’s innovative product portfolio is helping boost the company’s market share, which should result in double-digit profit growth through fiscal year 2019, according to JPMorgan, which initiated coverage at overweight. That, in combination with growing golf participation nationwide, should add up to meaningful upside for investors. “Under the leadership of CEO Chip Brewer, Callaway has capitalized on golf industry disruption by investing heavily in R&D and technology, improving brand m
JPMorgan calls Callaway Golf ‘compelling’, cites market share and innovation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-12-14  Authors: thomas franck, rob tringali, sportschrome, getty images, rj sangosti, the denver post, brendan mcdermid, kremlin press office, handout anadolu agency, andrew harrer
Keywords: news, games, cnbc, companies, jpmorgan, compelling, innovation, cites, market, portfolio, technology, upside, innovative, share, wrote, golf, callaway, zaccone, calls


JPMorgan calls Callaway Golf 'compelling', cites market share and innovation

Callaway Golf’s innovative product portfolio is helping boost the company’s market share, which should result in double-digit profit growth through fiscal year 2019, according to JPMorgan, which initiated coverage at overweight.

That, in combination with growing golf participation nationwide, should add up to meaningful upside for investors.

“Under the leadership of CEO Chip Brewer, Callaway has capitalized on golf industry disruption by investing heavily in R&D and technology, improving brand marketing, and launching innovative products to take market share,” wrote analyst Steven Zaccone on Thursday. “Callaway is now the #1 hard goods manufacturer year to date, and management sees further opportunity for market share gains across all parts of its portfolio, most notably in the balls business with plans to accelerate from 14 to 15 percent market share currently.”


Company: cnbc, Activity: cnbc, Date: 2017-12-14  Authors: thomas franck, rob tringali, sportschrome, getty images, rj sangosti, the denver post, brendan mcdermid, kremlin press office, handout anadolu agency, andrew harrer
Keywords: news, games, cnbc, companies, jpmorgan, compelling, innovation, cites, market, portfolio, technology, upside, innovative, share, wrote, golf, callaway, zaccone, calls


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