3 Media Stocks in Focus: Time Warner Carriage Fight Drags On, Netflix Introduces User Profiles, and Comcast’s NBC Scores Ad Dollars
Time Warner Cable Inc. (NYSE:TWC): With no deal or conclusion over carriage fees reached, Time Warner and CBS Corp. (NYSE:CBS) have yet again extended the deadline for their discussions, until this coming Friday. CBS actually blacked out late Monday night in the wake of a failure to reach an agreement, though Time Warner wasn’t willing to fully shut down operations. Both sides have taken to blaming each other for the break down of negotiations.
Netflix Inc. (NASDAQ:NFLX): Netflix User Profiles have made an appearance on Apple TV, though the feature won’t become available for everyone until later this year. Profiles allow different members in the household to manage and rate their own individual queues and favorites under one subscription. The personalized profiles will also allow Netflix users to set viewing restrictions for kids’ accounts, and will provide users with customized recommendations.
Comcast Corp. (NASDAQ:CMCSA): Comcast’s NBC unit has reached $2.1 billion in advertising commitments for the TV season starting in September, a 17 percent bump over the same season last year. This accounts for more than 80 percent of NBC’s advertising inventory for the season, a source told Bloomberg. NBC is banking on the success of shows like The Voice and Sunday Night Football, as well as new programs like The Michael J. Fox Show and The Blacklist.