streaming video

A day ahead of the earnings release from streaming giant Netflix Inc (NASDAQ: NFLX), ViacomCBS Inc. (NASDAQ: VIAC) confirmed the launch date of its own streaming service. What Happened: ViacomCBS said Tuesday that its Paramount+ streaming service will launch March 4. The company also confirmed...

Roku Inc (NASDAQ: ROKU) has grown to become the leading TV and video streaming platform in 2020, but JPMorgan says its true driver of revenue growth in advertising has yet to play out. The Roku Analyst: Cory Carpenter initiated coverage of Roku's stock with an Overweight rating and a $475...

Discovery Communications Inc. (NASDAQ: DISCA) has been working on a streaming video platform for five years with the objective of transforming the media company from a "cable and free-to-air company to a global IP company," Discovery CEO David Zaslav said during a Bloomberg interview....

Roku Inc (NASDAQ: ROKU) confirmed Friday a deal to acquire the exclusive global distribution rights to Quibi's suite of content for use on its ad-supported The Roku Channel. What Happened: Roku was rumored to be in talks to acquire Quibi's content and Friday's confirmation puts an...

Roku Inc. (NASDAQ: ROKU) shares are trading higher after the company announced a milestone of 50 million active accounts on its streaming video platform. The Numbers: Roku said preliminary estimated data shows the company ended 2020 with a net gain of 14 million active accounts at 51.2 million...

Jack Dorsey's fintech payments company Square Inc (NYSE: SQ) is in talks to acquire Jay-Z's streaming music platform Tidal, a source told Bloomberg. What Happened: Jay-Z bought Tidal in early 2015 for $56 million and met with Dorsey to discuss a sale of his streaming music company,...

The bullish case for live TV streaming platform FuboTV Inc (NYSE: FUBO) has come to an end at BMO Capital Markets although it's based on valuation reasons rather than an incrementally negative view. The Analyst: Daniel Salmon downgraded FuboTV's stock from Outperform to Market...

Live TV streaming provider Fubotv Inc (NYSE: FUBO) has seen its stock gain in value five-fold since its initial public offering in early October and the stock still has legs to run higher, according to Needham. The Analyst: Laura Martin maintains a Buy rating on FuboTV's stock with a price...

The media sector is an "industry in transition" and several legacy media giants aren't ideally positioned moving forward, according to BofA Securities. The Analyst: Jessica Reif Ehrlich downgraded the following media names: ViacomCBS Inc (NASDAQ: VIAC) from Neutral to Underperform,...

Roku Inc (NASDAQ: ROKU) finally reached an agreement with AT&T Inc. (NYSE: T) to add HBO Max to Roku's streaming platform effective immediately. The Analysts: Benchmark analyst Daniel Kurnos maintains a Buy rating on Roku's stock with a price target lifted from $300 to $410. BofA...

Comcast Corporation (NASDAQ: CMCSA) is "ready to breakout" in 2021 after COVID-19 headwinds impacted its performance in 2020, according to BofA Securities. The Analyst: Jessica Reif Ehrlich maintains a Buy rating on Comcast's stock with a price target lifted from $53 to $62. The...

BofA Securities raised its price target on Walt Disney Co (NYSE: DIS) after the Mouse's investor day presentation. The Disney Analyst: Jessica Reif Ehrlich maintains a Buy rating on Disney's stock with a price target lifted from $166 to $192. The Disney Thesis: Disney's...

Walt Disney Co (NYSE: DIS) is a "core large-cap holding," as the company is positioned to benefit from the continued transition toward direct-to-consumer media content, according to Truist Securities. The Analyst: Matthew Thornton initiated coverage of Disney's stock with a Buy...

Needham analysts on Wednesday reiterated their longstanding pair trade in the streaming video space: sell Netflix Inc (NASDAQ: NFLX) and buy Roku Inc (NASDAQ: ROKU). Contrary to popular belief, Netflix is not an industry leader as streaming "merely the fifth form of delivery of TV" and...

Media and entertainment giant Walt Disney Co (NYSE: DIS) confirmed in a regulatory filing update that approximately 32,000 employees will lose their jobs in the first half of 2021. What Happened: Disney's job cuts will mostly impact employees in its Parks, Experiences and Products business...