3 Media Stocks in Focus: Netflix Hits Club VMED, Time Warner’s Talks With AmEx, Comcast’s NBC Shake Up
Netflix (NASDAQ:NFLX): Users of Virgin Media’s (NASDAQ:VMED) set-top boxes will now have access to Netflix through their TV setup, making it the first time that a major Pay-TV operator embeds the beloved streaming service within its programming menu. The program will soon be available to 1.7 million Virgin Media homes this year, beginning with a pilot launch to 40,000 homes this week, the Wall Street Journal reports.
Time Warner Inc. (NYSE:TWX): Time Inc. is reportedly in late-stage talks to acquire five magazines including Travel + Leisure and Food & Wine from American Express Publishing Group, though initial financial terms haven’t been disclosed. The AmEx titles have contracted with Time Inc. for the past 20 years to perform a host of back-office operations such as circulation and marketing. AmEx Publishing, meanwhile, oversaw the editorial and advertising portions, the New York Post says.
Comcast Corp. (NASDAQ:CMCSA): Comcast’s NBCUniversal unit has appointed Jeff Shell to take charge of its film division, moving long-time studio executive Ron Meyer to a new vice chairman position. Seeking Alpha notes that, “The appointment is significant because it replaces old Universal blood with new Comcast blood.”