3 Media Stocks in Focus: Netflix in Talks for ‘Arrested’ Season 3, Disney’s Wristband Bet Pays Off, and Comcast to Hold on to Hulu
Netflix (NASDAQ:NFLX): As the streaming service continues to pack on share gains, producer Brian Grazer says that talks have commenced regarding another season of Arrested Development. Though the show was about as warmly received as House of Cards, the Arrested Development has been beneficial for the company, as revealed by a Cowen survey that found 28 percent of the show’s viewers said they’re less likely to cancel their Netflix subscriptions because of it.
Disney (NYSE:DIS): Tom Staggs, the executive in charge of Disney’s theme parks, says the theme park’s electronic wristband pilot program has yielded positive results, as the company has seen a surge in guest spending with the program in effect. The system combines park admission tickets, hotel keys, and credit cards, and can be used with the wave of a hand. The wristband helps reduce the time visitors spend in lines by allowing them to book rides and restaurant seats in advance.
Comcast (NASDAQ:CMCSA): Comcast, along with fellow Hulu owners 21st Century Fox (NYSE:FOXA), and Disney, has decided not to go ahead with plans to sell the streaming service, or even a stake in it, and instead will issue a $750 million cash infusion while maintaining current equity positions. Demands and restrictions put on the terms of a potential sale reportedly were enough to dissuade its suitors from following through.
Don’t Miss: Magic Flick of Wrist Unlocks Disney.