3 Media Stocks in Focus: Disney Set to Launch Infinity, Fox’s Sports Channel Ready to Go, and Netflix Braces for Competition
Walt Disney Co. (NYSE:DIS): Disney is launching its Infinity video game products this weekend, featuring Pixar characters Buzz Lightyear and Sulley squaring off against a legion of movie villains, Bloomberg reports. The system combines collectible figures with onscreen play, and for CEO Bob Iger, “represents the best shot at reviving his only unprofitable division.” Infinity allows “players [to] set plastic characters from Disney’s “Pirates of the Caribbean” or “Monsters” movies on top of the unit,” Bloomberg writes, and the figures will then ”appear on screen as game characters.”
21st Century Fox Inc. (NASDAQ:FOXA): Fox’s national sports channel is scheduled to launch on Saturday morning “with every major distributor on board,” including DirecTV, Dish Network, Time Warner Cable, Comcast, and AT&T. Fox was able to persuade the companies to sign up after agreeing not to raise the price of 23 cents per subscriber they were paying for Speed, the auto-racing network that Fox Sports 1 is replacing.
Netflix (NASDAQ:NFLX): After media outlets reported that Sony (NYSE:SNE) reached a preliminary deal to offer Viacom (NYSE:VIAB) content on an Internet TV service, Bernstein thinks the move by Sony could increase Netflix’s competition. The firm believes Sony’s content may eventually become as good or better than Netflix’s offerings, and it keeps an Underperform rating on Netflix.