CBS is exploring the new frontier by developing a “Star Trek” series that it hopes will bolster its $5.99-a-month CBS All Access online venture.
After he walked away from Time Warner past year, Murdoch said he had no intention of going back “in a hostile way”.
There’s concern among media analysts that the transition to digital might be messier than first recognized. Specifically, a few networks are anxious that they’re contributing to their own demise to the extent that fleshing out Netflix’s library of content only makes it easier for consumers to cut the cord.
There’s fear that traditional media giants have fallen into a vicious cycle.
Time Warner said on the call with analysts that it is losing subscribers at its Turner domestic networks faster than expected.
Time Warner Inc NYSE:TWX has a 50 day moving average of 72.03 Dollars and a 200 Day Moving Average share price is recorded at 81.79 USD.
Overall, Time Warner revenue grew 5% to $6.6 billion, with net income 7% higher at $1.03 billion.
Averill also identified a “positive” for investors: “Cost savings efforts are ahead of plan and we remain focused on constraining overhead expenses”. The most recent announcement is about a four year digital deal with the former host of the Daily Show Jon Stewart.
In other Time Warner news, Director Jessica P. Einhorn sold 21,250 shares of the stock in a transaction on Wednesday, October 28th. Analysts predicted $1.09, the average of projections compiled by Bloomberg. Viacom Inc.’s class B shares tumbled 6.9%.
In this quarter the same trend appears to continue for Time Warner Inc (NYSE:TWX).
The investor worries over next year’s headwinds came after the media conglom posted third-quarter 2015 earnings that beat Wall Street expectations, while reiterating full-year 2015 expectations. What’s more, Time Warner is trading at 13.5 times forecast earnings while Fox fetches over 16 times what analysts are expecting and Disney about 20 times.
Walt Disney Co., owner of cable sports network ESPN, as well as broadcaster ABC, offered a gloomy outlook for its cable business in August. This means 85% are positive. Customer sign-ups have increased 60%.
Earlier this week, we told you that TV programmers were reconsidering their strategy of selling their reruns to Netflix and other digital video services. “As a result, we’re evaluating whether to retain our rights for a longer period of time and forgo or delay certain content licensing”.
“Programming remains, by far, the most significant area of investment for the Company”, Mr. Bewkes said on the call, according to a Thomson Reuters transcript of the call. “Some studios will choose to license content to services like Hulu, Amazon Prime Instant Video and Netflix“. Premium networks, such as HBO and Showtime, also recently embraced standalone streaming services to get their content to viewers who wouldn’t watch it otherwise. “But what is that doing to Turner’s ratings?” They all want to generate the incremental revenue from SVOD.