3 Media Stocks in Focus: Dish Hops Onward, Disney Pipeline Looks Slim, Netflix’s Route to Europe
Dish Network (NASDAQ:DISH): A New York judge has ruled against a request by ABC for a preliminary injunction of Dish Network’s Hopper, the program that allows users to skip ads when playing back recorded content. Dish has been the subject of numerous lawsuits for its Hopper system as media companies allege that it breaches the retransmission consent agreements broadcasters have with Dish.
Walt Disney Co. (NYSE:DIS): Morgan Stanley dropped its rating on Disney to Equal-weight based on concerns that the company lacks near-term catalysts. Given that there are no Pixar movies scheduled for release next year, due to a delay in the studio’s launch schedule, Morgan Stanley’s downgrade could lead others down the same road.
Netflix (NASDAQ:NFLX): Netflix will be bringing its services to viewers in Europe through the network of Virgin Media (NASDAQ:VMED) subscribers, amounting to roughly 4 million households in the U.K. It also offers Virgin Media an opportunity to differentiate from its competitors in the region, as its rivals hold a large block of the pay-TV landscape.