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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Trump: We’ll know in three to four weeks if China trade talks are successful

Disney to take full control over HuluComcast could either sell it at a valuation of at least $27.5 billion or whatever Hulu is appraised to be worth in five years. Technologyread more


Disney to take full control over HuluComcast could either sell it at a valuation of at least $27.5 billion or whatever Hulu is appraised to be worth in five years. Technologyread more
Trump: We’ll know in three to four weeks if China trade talks are successful Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: everett rosenfeld
Keywords: news, cnbc, companies, worth, control, billion, trump, disney, weeks, hulucomcast, hulu, trade, successful, sell, appraised, yearstechnologyread, talks, valuation, china, know


Trump: We'll know in three to four weeks if China trade talks are successful

Disney to take full control over Hulu

Comcast could either sell it at a valuation of at least $27.5 billion or whatever Hulu is appraised to be worth in five years.

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: everett rosenfeld
Keywords: news, cnbc, companies, worth, control, billion, trump, disney, weeks, hulucomcast, hulu, trade, successful, sell, appraised, yearstechnologyread, talks, valuation, china, know


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Apple just launched its first big push into subscription TV

Apple TV Channels AppleApple on Monday released an update to iPhones, iPads and Apple TV that includes its brand new TV app with Apple Channels. It’s Apple’s first big push into making money off TV content outside of sales through the iTunes store. The new Apple TV ChannelsApple TV Channels AppleChannels is not Apple TV+, the service that will include original programming from Apple and will launch later this fall. Changes to the TV appApple TV Channels AppleA new “What to Watch” screen inside t


Apple TV Channels AppleApple on Monday released an update to iPhones, iPads and Apple TV that includes its brand new TV app with Apple Channels. It’s Apple’s first big push into making money off TV content outside of sales through the iTunes store. The new Apple TV ChannelsApple TV Channels AppleChannels is not Apple TV+, the service that will include original programming from Apple and will launch later this fall. Changes to the TV appApple TV Channels AppleA new “What to Watch” screen inside t
Apple just launched its first big push into subscription TV Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: todd haselton
Keywords: news, cnbc, companies, services, tv, channels, push, subscription, disney, service, launched, big, hbo, apple, watch, app, content


Apple just launched its first big push into subscription TV

Apple TV Channels Apple

Apple on Monday released an update to iPhones, iPads and Apple TV that includes its brand new TV app with Apple Channels. Apple Channels is the company’s new service that offers customers in more than 100 countries subscription access to premium networks such as HBO, Showtime, Epix, Smithsonian Channel, Starz and Tastemade. Other channels, such as CBS All-Access and MTV Hits, are coming later this year. Right now, if you signed up for every channel package available, however, you’d pay $97 a month. It’s Apple’s first big push into making money off TV content outside of sales through the iTunes store. Apple hasn’t said what its cut of revenue from subscribers who sign up to services through Apple Channels will be, but CNBC reported in February that the company was pushing for 30%. Some reports suggest Apple gets 15% of revenues from subscribers who sign up for services such as HBO Now, Netflix and other streaming apps through the App Store. Apple reported revenue for its services segment of $11.45 billion in its second-quarter earnings report on April 30, beating analyst estimates. Channels gives Apple a way to continue to focus on its services business as sales of hardware, including iPhones, plateau. In other words, this gives Apple new ways to make money from customers who already own its products.

The new Apple TV Channels

Apple TV Channels Apple

Channels is not Apple TV+, the service that will include original programming from Apple and will launch later this fall. But Channels does launch with a brand new TV app that Apple says will show people compelling content they’ll want to watch. It will highlight some of the hit shows from the networks that customers can subscribe to, such as HBO’s “Game of Thrones.” More than 100,000 movies and TV shows are also available to rent or purchase in the app, which means customers don’t need to open the iTunes store and leave the app to buy more things to watch. And instead of pushing viewers out of the Apple TV app and into another app, like HBO, Starz or Showtime, Apple TV Channels immediately begins streaming the show, which helps keep people inside Apple’s ecosystem. There’s a trade-off for this, however. Anyone who subscribes to the channels can only watch them within the TV app. The subscription won’t work on other platforms such as Sony’s PlayStation or a Roku box. Conversely, if you pay for HBO through your cable provider already, or directly from HBO, it’ll work in Apple TV. But some features won’t work, like offline downloads. And it feels less seamless since Apple TV will push you out into that separate app instead of playing the content right away.

Changes to the TV app

Apple TV Channels Apple

A new “What to Watch” screen inside the Apple TV app provides curated content from Apple editors that’s based on what’s popular around the world. Apple said it’s using human editors combined with its algorithms to make recommendations so users don’t sit and endlessly scroll trying to find something good to watch. It’s a problem most of us have experienced with the influx of streaming content now available. When you select a show, Apple provides data on who stars in it and a summary of the episode or movie and will begin automatically playing the trailer at the top of the screen. It looks really clean and provides most of what a person browsing for a new TV show or movie might want.

Apple TV Channels Apple

There’s also a new kids section with content curated for a younger audience. This includes lots of animated movies and TV shows that users can either stream, download or buy, depending on whether it’s included with one of the subscriptions in Apple TV Channels.

Offline viewing

Apple TV App Source: Apple

There’s also an option to download content and save it for offline viewing on an iPhone or iPad when you don’t have an internet connection. This will help Apple TV Channels stand out against standalone apps from HBO, Showtime and others that require an internet connection for viewing. This, above all else, might make it one of the most compelling reasons to sign up for a service through Apple TV Channels instead of elsewhere.

Beyond the Apple TV

iTunes running on a Samsung TV Samsung

Apple Channels won’t be limited to just Apple products. The company announced a partnership with Samsung in January in which select Samsung Smart TVs will have access to the new Apple TV app. It won’t offer the full experience of an Apple TV, which also supports apps and games, but it will provide the same experience for watching TV shows and movies. The Samsung app will also launch Monday on all 2019 smart TV models and some 2018 models. Apple TV will launch on Amazon’s Fire TV, Sony TVs, LG TVs and Roku devices later this year.

No bundles

Apple TV coming to Smart TVs. Source: Apple

Unlike Apple News+, the company’s $9.99 per month subscription news service that allows you to download more than 300 magazines and read articles from The Wall Street Journal and the Los Angeles Times, Apple Channels does not have a bundle option. That means you need to subscribe to each individual video service separately, instead of buying an all-you-can-eat plan that includes everything. And, after a one-week free trial of the premium services, users will pay the standard price they would pay anywhere else. Showtime costs $10.99 per month, for example. However, families up to 6 people can share a single subscription.

Disney+

President of Walt Disney Distribution Franchise Management, Business & Audience Insights, Cathleen Taff, speaks in front of the studios part of Walt Disney Studio on screen during the CinemaCon Walt Disney Studios Motion Pictures special presentation at the Colosseum Caesars Palace on April 3, 2019, in Las Vegas, Nevada. Valerie Macon | AFP | Getty Images

Disney’s upcoming streaming service Disney+ seems like a perfect fit for Apple TV Channels. It launches on Nov. 12, will cost $6.99 per month and will include a huge library of Disney content. Apple had no comment on whether Disney+ will eventually launch in Channels, or if talks are underway, but said it is well aware that it’s going to be a popular service.

How to get Apple TV Channels

Peter Stern, vice president of services at Apple Inc., speaks during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Monday, March 25, 2019. The company is unveiling streaming video and news subscriptions, key parts of Apple’s push to transform itself into a leading digital services provider. Photographer: David Paul Morris/Bloomberg via Getty Images David Paul Morris | Bloomberg | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: todd haselton
Keywords: news, cnbc, companies, services, tv, channels, push, subscription, disney, service, launched, big, hbo, apple, watch, app, content


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Disney Studios Chairman Alan Horn hosting fundraiser for Nancy Pelosi and House Democrats

Speaker of the House Nancy Pelosi (D-CA) speaks during the introduction of the Climate Action Now Act on Capitol Hill in Washington, D.C., March 27, 2019. Walt Disney Studios Chairman Alan Horn is hosting a fundraiser at his Los Angeles mansion for House Majority Leader Nancy Pelosi and the Democratic Congressional Campaign Committee, CNBC has learned. In an email to CNBC, Horn confirmed details of the event that he and his wife, Cindy, are holding for Pelosi. Horn has been a longtime backer of


Speaker of the House Nancy Pelosi (D-CA) speaks during the introduction of the Climate Action Now Act on Capitol Hill in Washington, D.C., March 27, 2019. Walt Disney Studios Chairman Alan Horn is hosting a fundraiser at his Los Angeles mansion for House Majority Leader Nancy Pelosi and the Democratic Congressional Campaign Committee, CNBC has learned. In an email to CNBC, Horn confirmed details of the event that he and his wife, Cindy, are holding for Pelosi. Horn has been a longtime backer of
Disney Studios Chairman Alan Horn hosting fundraiser for Nancy Pelosi and House Democrats Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: brian schwartz
Keywords: news, cnbc, companies, congressional, rep, event, horn, president, studios, nancy, hosting, fundraiser, house, pelosi, democrats, dccc, committee, seats, chairman, dca, disney


Disney Studios Chairman Alan Horn hosting fundraiser for Nancy Pelosi and House Democrats

Speaker of the House Nancy Pelosi (D-CA) speaks during the introduction of the Climate Action Now Act on Capitol Hill in Washington, D.C., March 27, 2019.

Walt Disney Studios Chairman Alan Horn is hosting a fundraiser at his Los Angeles mansion for House Majority Leader Nancy Pelosi and the Democratic Congressional Campaign Committee, CNBC has learned.

In an email to CNBC, Horn confirmed details of the event that he and his wife, Cindy, are holding for Pelosi.

“We are in fact hosting an event for Nancy and the DCCC at our home on May 30,” he said on Tuesday.

There are at least 12 other House Democrats attending the event, including House Intel Committee chairman Rep. Adam Schiff, D-CA, DCCC Chairwoman Rep. Cheri Bustos, D-IL, Rep. Gil Cisneros, D-CA, Rep. Abby Finkenauer, D-IA, Rep. Katie Hill, D-CA, Rep. Nita Lowey, D-NY, Rep.Richard Neal, D-MA, Rep. Harley Rouda, D-CA, and Rep. Lauren Underwood, D-IL, according to a senior Democratic congressional aide with direct knowledge of the matter.

Horn has been a longtime backer of the DCCC, the official campaign arm for Democrats running for seats in the U.S. House of Representatives. He donated just over $95,000 to the committee during the 2018 congressional midterm elections, according to Federal Election Commission records. During former President Barack Obama’s second term in office, Horn hosted at least one DCCC fundraising event with the then-commander in chief as the featured guest.

He was also a supporter of Hillary Clinton when she ran for the White House in 2016, helping her raise at least $100,000 and contributing $50,000 directly to her joint fundraising committee, the Hillary Victory Fund, according to the nonpartisan Center for Responsive Politics.

Horn referred questions about how much each ticket will cost and names of other attendees to his political consultant who declined to respond to follow up requests for comment. Tickets for a prior fundraiser with Obama as the marquee guest ranged from $15,000 to $66,800 per couple.

A spokesman for the DCCC said that the event was closed to the press while a representative for Pelosi’s office did not return an email seeking comment.

A strong year of fundraising before the next congressional election in 2020 will likely prove crucial for House Democrats if they want to successfully defend their majority.

In 2018, the party flipped at least 40 seats and pulled off enough victories to retake control of the House.

The nonpartisan Cook Political Report, however, shows that in 2020, 31 Democrats are up for re-election are in districts carried by President Donald Trump when he first ran for president three years ago. It marks 17 Democrat-held seats as toss-ups, which includes districts in New York, Iowa, Virginia and South Carolina.


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: brian schwartz
Keywords: news, cnbc, companies, congressional, rep, event, horn, president, studios, nancy, hosting, fundraiser, house, pelosi, democrats, dccc, committee, seats, chairman, dca, disney


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Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats

Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Hulu also offer


Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Hulu also offer
Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: megan graham
Keywords: news, cnbc, companies, viewer, viewing, total, presentation, shows, subscribers, announces, marvel, disney, ad, reaches, company, hulu, formats, million, 28


Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats

Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. It’s also introducing new advertising features and several new shows, including two new series featuring Marvel Comics characters. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Disney, which owns 60% of Hulu, will pull content from Netflix this year to stream on its own new service, Disney+, which launches in November. The service is expected to become a key part of Disney’s streaming strategy. At an investors’ presentation last month, Disney said it would offer Hulu as a bundle if people subscribe to Disney+ and ESPN+. CNBC reported last month that Comcast, which owns NBCUniversal, was in talks with Disney to sell its 30% stake in Hulu.

New ad products

Hulu’s new “binge advertising” experience comes as advertisers are increasingly seeking to reach customers in a way that doesn’t annoy them or disrupt their experience. This new format will “make it possible for marketers to target binge viewers with a creative that is situationally relevant to their viewing behavior,” the company said in a statement. Peter Naylor, Hulu’s SVP and head of ad sales, said the platform will identify when someone is “binge viewing,” or watching at least three episodes of the same series, and will serve tailored messages to that viewing behavior. He said it could take the form of a message saying a viewer can watch the next episode for free, or a personalized offer from a brand. On the screen at the presentation, the company showed a sample message from Starbucks: An ad for a S’mores Frappuccino with the words, “S’more of this. Watch the next episode for free. Brought to you by Starbucks.” Hulu also offers “pause ads,” which are static advertisements that appear when a viewer pauses their content on Hulu. The company said it’s expanding the availability of those pause ads to all its advertisers beginning in August, following a beta test with Coca-Cola and Charmin. Naylor also said the company is now capping every or ad break at 90 seconds. He said users will not see the same ad more than twice in an hour, and said no ad will run more than four times a day per viewer. This comes after some viewers have bemoaned the number of times they’ve seen certain ads on the platform.

(L-R) Stephanie Savage, Rhenzy Feliz, Lyrica Okano, Virginia Gardner, Gregg Sulkin, Ariela Barer, and Allegra Acosta speak onstage at the Marvel’s Runaways panel during New York Comic Con 2018 at The Hulu Theater at Madison Square Garden on October 5, 2018 in New York City. Craig Barritt | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: megan graham
Keywords: news, cnbc, companies, viewer, viewing, total, presentation, shows, subscribers, announces, marvel, disney, ad, reaches, company, hulu, formats, million, 28


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Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats

Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Hulu also offer


Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Hulu also offer
Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: megan graham
Keywords: news, cnbc, companies, viewer, viewing, total, presentation, shows, subscribers, announces, marvel, disney, ad, reaches, company, hulu, formats, million, 28


Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats

Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. It’s also introducing new advertising features and several new shows, including two new series featuring Marvel Comics characters. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Disney, which owns 60% of Hulu, will pull content from Netflix this year to stream on its own new service, Disney+, which launches in November. The service is expected to become a key part of Disney’s streaming strategy. At an investors’ presentation last month, Disney said it would offer Hulu as a bundle if people subscribe to Disney+ and ESPN+. CNBC reported last month that Comcast, which owns NBCUniversal, was in talks with Disney to sell its 30% stake in Hulu.

New ad products

Hulu’s new “binge advertising” experience comes as advertisers are increasingly seeking to reach customers in a way that doesn’t annoy them or disrupt their experience. This new format will “make it possible for marketers to target binge viewers with a creative that is situationally relevant to their viewing behavior,” the company said in a statement. Peter Naylor, Hulu’s SVP and head of ad sales, said the platform will identify when someone is “binge viewing,” or watching at least three episodes of the same series, and will serve tailored messages to that viewing behavior. He said it could take the form of a message saying a viewer can watch the next episode for free, or a personalized offer from a brand. On the screen at the presentation, the company showed a sample message from Starbucks: An ad for a S’mores Frappuccino with the words, “S’more of this. Watch the next episode for free. Brought to you by Starbucks.” Hulu also offers “pause ads,” which are static advertisements that appear when a viewer pauses their content on Hulu. The company said it’s expanding the availability of those pause ads to all its advertisers beginning in August, following a beta test with Coca-Cola and Charmin. Naylor also said the company is now capping every or ad break at 90 seconds. He said users will not see the same ad more than twice in an hour, and said no ad will run more than four times a day per viewer. This comes after some viewers have bemoaned the number of times they’ve seen certain ads on the platform.

(L-R) Stephanie Savage, Rhenzy Feliz, Lyrica Okano, Virginia Gardner, Gregg Sulkin, Ariela Barer, and Allegra Acosta speak onstage at the Marvel’s Runaways panel during New York Comic Con 2018 at The Hulu Theater at Madison Square Garden on October 5, 2018 in New York City. Craig Barritt | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: megan graham
Keywords: news, cnbc, companies, viewer, viewing, total, presentation, shows, subscribers, announces, marvel, disney, ad, reaches, company, hulu, formats, million, 28


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Stocks making the biggest moves premarket: Target, Restaurant Brands, Disney & more

Check out the companies making headlines before the bell:Restaurant Brands International — Restaurant Brands reported weaker-than-expected quarterly earnings as sales in its Tim Hortons business unexpectedly fell. Anadarko Petroleum — Anadarko announced it will retake sale negotiations with Occidental Petroleum after agreeing to sell its business to Chevron. Gardner Denver — Shares of the Gardner Denver surged nearly 30% in the premarket after The Wall Street Journal reported the industrial comp


Check out the companies making headlines before the bell:Restaurant Brands International — Restaurant Brands reported weaker-than-expected quarterly earnings as sales in its Tim Hortons business unexpectedly fell. Anadarko Petroleum — Anadarko announced it will retake sale negotiations with Occidental Petroleum after agreeing to sell its business to Chevron. Gardner Denver — Shares of the Gardner Denver surged nearly 30% in the premarket after The Wall Street Journal reported the industrial comp
Stocks making the biggest moves premarket: Target, Restaurant Brands, Disney & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: fred imbert
Keywords: news, cnbc, companies, upgraded, street, premarket, tim, disney, company, biggest, brands, earnings, reported, share, target, business, wall, moves, stocks, making, restaurant, denver


Stocks making the biggest moves premarket: Target, Restaurant Brands, Disney & more

Check out the companies making headlines before the bell:

Restaurant Brands International — Restaurant Brands reported weaker-than-expected quarterly earnings as sales in its Tim Hortons business unexpectedly fell. The company posted a profit of 55 cents per share. Analysts polled by Refinitiv expected earnings of 58 cents per share. Tim Hortons sales fell 0.6% in the quarter, while analysts expected a 2% increase.

Target — An analyst at Barclays upgraded the retailer’s stock to “overweight” from “equal weight, ” noting the company is ahead of Amazon in same-day deliveries and “has built a supply chain that fulfills e-commerce primarily from stores (where next-day delivery is much easier), which stands in a stark contrast to most retailers.”

Anadarko Petroleum — Anadarko announced it will retake sale negotiations with Occidental Petroleum after agreeing to sell its business to Chevron. Anadarko said Monday that Occidental’s bid could be “superior” Chevron’s.

American Airlines — The airline was upgraded to “buy” from “hold” by Deutsche Bank even though American recently lowered its full-year earnings guidance. “We think the resetting of expectations by management essentially establishes a ‘floor’ for AAL’s share price and provides the company a bit more ‘cushion’ around its earnings targets,” the analyst said in a note.

Gardner Denver — Shares of the Gardner Denver surged nearly 30% in the premarket after The Wall Street Journal reported the industrial company was in talks to merge with a division of Ingersoll-Rand. The deal, the report said, would value Gardner Denver at around $15 billion and would involve cash and stock.

Walt Disney — J.P. Morgan hiked its price target on Disney to $150 per share from $137 a share after Marvel’s “Avengers: Endgame” movie shattered box office records, hauling in $1.2 billion in its global debut. “The underlying business continues to perform very well with several notable catalysts ahead that we believe may continue to drive outperformance,” according to J.P. Morgan.

Spotify Technology — The music streaming company said it now has 100 million paid subscribers for its premium service, overshadowing a larger-than-forecast quarterly loss. Spotify shares rose nearly 4% before the bell.

CVS Health — CVS slipped in the premarket after Credit Suisse downgraded the stock to “neutral” from “outperform,” citing “historically high” leverage and its pharmacy operations being negatively impacted by efforts to lower prescription drug costs.

Boeing — The Wall Street Journal reported the airplane maker did not tell Southwest Airlines, its largest 737 Max customer, that a safety feature in the plan was turned off. The report also said Southwest did not know about this until after the Lion Air crash last month.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: fred imbert
Keywords: news, cnbc, companies, upgraded, street, premarket, tim, disney, company, biggest, brands, earnings, reported, share, target, business, wall, moves, stocks, making, restaurant, denver


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Comcast is in talks to sell its 30% stake in Hulu to Disney

Disney and Comcast are holding talks about working out a deal for Comcast’s 30% stake, according to people familiar with the matter. Hulu last week bought back a 9.5% stake in itself from Time-Warner owner AT&T, in a deal that values Hulu at $15 billion. That 9.5% stake will be split between Disney and Comcast, unless Disney consolidates the entire company. But just as Comcast came off the sidelines, 21st Century Fox agreed to sell its 30% stake in Hulu to Disney. Instead of being an equal owner


Disney and Comcast are holding talks about working out a deal for Comcast’s 30% stake, according to people familiar with the matter. Hulu last week bought back a 9.5% stake in itself from Time-Warner owner AT&T, in a deal that values Hulu at $15 billion. That 9.5% stake will be split between Disney and Comcast, unless Disney consolidates the entire company. But just as Comcast came off the sidelines, 21st Century Fox agreed to sell its 30% stake in Hulu to Disney. Instead of being an equal owner
Comcast is in talks to sell its 30% stake in Hulu to Disney Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: alex sherman, david a grogan
Keywords: news, cnbc, companies, sell, stake, companys, streaming, owner, 30, hulu, deal, talks, comcast, disney, nbc


Comcast is in talks to sell its 30% stake in Hulu to Disney

Comcast has had a frustrating run as a partial owner of video streaming platform Hulu, but that doesn’t make the decision to sell its minority stake in the company any easier.

Disney and Comcast are holding talks about working out a deal for Comcast’s 30% stake, according to people familiar with the matter. Comcast is now weighing the pros and cons of doing a deal now rather than later, said these people, who asked not to be named because the discussions are private. It’s still unclear if a deal will transpire.

The two companies are the last remaining owners of a company that was originally founded as a joint venture between several media giants. Hulu last week bought back a 9.5% stake in itself from Time-Warner owner AT&T, in a deal that values Hulu at $15 billion. That 9.5% stake will be split between Disney and Comcast, unless Disney consolidates the entire company.

“On Hulu, the relationship with NBC, it’s very much in everybody’s interest to maintain,” Comcast CEO Brian Roberts said Thursday during an interview on CNBC’s “Squawk Box.” “And we have no new news today on it, other than it’s really valuable. And we’re really glad we own a large piece of it.”

For years, Comcast was barred from having a say in Hulu’s direction — part of a consent decree Comcast agreed to when it acquired NBCUniversal in 2011. (NBCUniversal is the parent company of CNBC.)

Seven years later, Comcast’s ownership in Hulu switched from passive to active, when the consent decree expired in 2018. That gave Roberts and NBC CEO Steve Burke some say in the company’s future.

But just as Comcast came off the sidelines, 21st Century Fox agreed to sell its 30% stake in Hulu to Disney. That deal, which closed last month, effectively silenced Comcast once again. Instead of being an equal owner with Fox and Disney, Comcast now owns a minority stake to Disney’s 60%.

“Fifty years from now will we be in Hulu? No, I don’t think we will,” Burke told Variety in January. “But I don’t think we’ll sell in five minutes.”

As of today, NBC provides about 17% of Hulu’s content. NBC has no plans to remove content from Hulu, which will continue to serve as NBC’s vessel for same-season shows even after the launch of the company’s new streaming service in 2020, according to people familiar with the matter. (NBC’s streaming service will showcase the company’s library of TV shows and movies.)

There are compelling reasons for Comcast to hold and to sell. Here’s what Comcast is debating, according to people familiar with the company’s thinking.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: alex sherman, david a grogan
Keywords: news, cnbc, companies, sell, stake, companys, streaming, owner, 30, hulu, deal, talks, comcast, disney, nbc


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Disney vs Netflix: What you’d have now if you invested $1,000 10 years ago

Disney vs Netflix: What you’d have now if you invested $1,000 10 years ago4 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Media giants Disney and Netflix have both proven to be extremely successful companies over the years: Each landed a spot on the Forbes’ list of the world’s most valuable brands in 2018. Now the two are in a battle to win over the wo


Disney vs Netflix: What you’d have now if you invested $1,000 10 years ago4 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Media giants Disney and Netflix have both proven to be extremely successful companies over the years: Each landed a spot on the Forbes’ list of the world’s most valuable brands in 2018. Now the two are in a battle to win over the wo
Disney vs Netflix: What you’d have now if you invested $1,000 10 years ago Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24
Keywords: news, cnbc, companies, ago, youd, invested, worlds, win, vs, flash, browser, enabled, disney, 1000, watchers, netflix


Disney vs Netflix: What you'd have now if you invested $1,000 10 years ago

Disney vs Netflix: What you’d have now if you invested $1,000 10 years ago

4 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Media giants Disney and Netflix have both proven to be extremely successful companies over the years: Each landed a spot on the Forbes’ list of the world’s most valuable brands in 2018. Now the two are in a battle to win over the world’s TV watchers, as Disney recently announced the upcoming debut of its video streaming platform, Disney+.


Company: cnbc, Activity: cnbc, Date: 2019-04-24
Keywords: news, cnbc, companies, ago, youd, invested, worlds, win, vs, flash, browser, enabled, disney, 1000, watchers, netflix


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Disney CEO Bob Iger earns 1,000 times as much as a typical employee

If you’re Abigail Disney, the granddaughter of the Disney company’s co-founder Roy Disney, the tipping point is about $66 million — or what Disney CEO Bob Iger earned last year. In a series of tweets posted on April 21, Abigail Disney criticized the level of compensation Iger receives, stating that “by any objective measure a pay ratio over a thousand is insane.” The $65.7 million Iger earned last year is indeed more than 1,000 times the median salary of all Disney employees, which is $46,127, a


If you’re Abigail Disney, the granddaughter of the Disney company’s co-founder Roy Disney, the tipping point is about $66 million — or what Disney CEO Bob Iger earned last year. In a series of tweets posted on April 21, Abigail Disney criticized the level of compensation Iger receives, stating that “by any objective measure a pay ratio over a thousand is insane.” The $65.7 million Iger earned last year is indeed more than 1,000 times the median salary of all Disney employees, which is $46,127, a
Disney CEO Bob Iger earns 1,000 times as much as a typical employee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kerri anne renzulli, jeff kravitz, filmmagic, inc, getty images, bloomberg, stephen brashear, getty images news, chris ratcliffe, scott mlyn
Keywords: news, cnbc, companies, earns, executives, sp, typical, ceo, 1000, employee, pay, according, million, bob, times, iger, median, disney, compensation


Disney CEO Bob Iger earns 1,000 times as much as a typical employee

Chief executives have long earned some of the largest paychecks in America, but at what point does their compensation defy reason? If you’re Abigail Disney, the granddaughter of the Disney company’s co-founder Roy Disney, the tipping point is about $66 million — or what Disney CEO Bob Iger earned last year.

In a series of tweets posted on April 21, Abigail Disney criticized the level of compensation Iger receives, stating that “by any objective measure a pay ratio over a thousand is insane.”

The $65.7 million Iger earned last year is indeed more than 1,000 times the median salary of all Disney employees, which is $46,127, according to a study from Equilar. Thanks to incentives associated with his contract extension, that imbalance amounted to a paycheck 1,424 times greater than his workers’ in 2018. (This year, his compensation is projected to be a more modest $35 million.)

And while the median income for chief executives was $189,600 in 2018, according to the Bureau of Labor Statistics, Iger is not alone in receiving multi-million dollar packages for his efforts at the helm of a company. Median compensation for 132 chief executives of S&P 500 companies hit $12.4 million last year, according to the Wall Street Journal.

But Iger’s much higher pay doesn’t make him an outlier. In fact, Iger joins a fairly full club of CEOs who earn over a 1,000 times more than their typical employee does, according to a report complied earlier this month by MyLogIQ, an aggregator of public company information, which looked at 325 proxy statements filed by S&P 500 companies to the Securities and Exchange Commission.

On this form, companies must disclose the ratio of CEO compensation compared to the median compensation of its employees. It’s up to the organization to determine how they will calculate this median employee pay figure, meaning some ratios may be more reflective of the earnings of full-time staff, while others may factor in the wages of part-time and seasonal workers, arriving at lower overall median pay.

Below are the 12 other S&P 500 industry titans also earning an “insane” amount compared to their staff’s typical paychecks, if we go by Abigail Disney’s definition.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kerri anne renzulli, jeff kravitz, filmmagic, inc, getty images, bloomberg, stephen brashear, getty images news, chris ratcliffe, scott mlyn
Keywords: news, cnbc, companies, earns, executives, sp, typical, ceo, 1000, employee, pay, according, million, bob, times, iger, median, disney, compensation


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