3 Media Stocks in Focus: Disney’s Strong Showing, CBS Ups Its Rhetoric, Viacom’s New Deal
Walt Disney Co. (NYSE:DIS): Disney’s Monsters University broke the $700 million threshold for global box office receipts as the Pixar movie continues to show consistent popularity in varied markets. It’s the fourth Pixar film to make it to that milestone, and it is also is expected to surpass Toy Story 3 to become the studio’s biggest release in China.
CBS (NYSE:CBS): CBS upped the ante in its debate with Time Warner Cable (NYSE:TWC), issuing a series of advertisements in which football icons like the Manning brothers and reigning BCS champion the Alabama Crimson Tide urge viewers to switch from Time Warner Cable lest they be unable to watch football games during the upcoming season. This comes in response to Time Warner Cable’s blackout of CBS in several major cities over negotiations regarding
Viacom International Media Networks (NYSE:VIA): Viacom announced a deal with British streaming service LoveFilm to share a number of popular reality and children’s television shows with it. This will make many popular American shows available to British subscribers of LoveFilm for the first time. LoveFilm has garnered most of the British market for online television show delivery and streaming after merging with competitor ScreenSelect in 2006 and being bought out by Amazon in 2011.