Time Warner Cable Inks Deal With SportsNet LA and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL): Current Price: $31.52
In an attempt to give more of a boost to its online video strategy, AOL has decided to form a strategic partnership with Discovery Communications, the number 1 non-fiction media company in the world. Video is important to AOL’s attempts to rebuild its fallen status in the online world. Also, January 2013 studies by comScore and Nielsen indicate that now, its estates are attracting 692 million video content views from 162 million Americans. Beneath the new deal’s terms, the content owner is to offer short-form videos from Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Military Channel to The AOL On Network’s library of over 470,000 premium videos.
Netflix, Inc. (NASDAQ:NFLX): Current Price: $162.01
Recently, the company gave investors reasons to view its business differently. It does not appear to be a wounded company risking saturation in its biggest market, but instead, it appears to be thriving in an industry with plenty of growth remaining. Netflix more than beat expectations on revenue, subscribers, and profits.
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Time Warner Cable Inc. (NYSE:TWC): Current Price: $101.11
SportsNet LA is the name of the new regional television home for the Los Angeles Dodgers, which will start the 2014 Major league baseball season. The new regional sports network was created by American Media Productions LLC, which was created by the ownership group of the Los Angeles Dodgers. Besides exclusively screening all Dodgers games, SportsNet LA is to feature insights and analysis and commentary concerning the team. Time Warner Cable is to take the role of SportsNet LA’s chartered distributor beneath a long-term affiliation deal, and it will stream the content to customers throughout Southern California and Hawaii.
Walt Disney Co. (NYSE:DIS): Current Price: $54.44
According to Disney CEO Bob Iger, the company is “taking stock” as a means to ensure that its videogames don’t cross the line. Disney is a name that usually isn’t tied with violent video games, and Bob Iger intends to keep it that way. As the U.S. government again calls for further investigation into what role videogames play in gun violence, the Disney chief executive stated that the company will “take stock in everything we’ve got that can be considered near the line or over the line.”
Comcast Corporation (NASDAQ:CMCSA): Current Price: $39.67
JPMorgan Chase has reissued its Overweight rating on Comcast (NASDAQ: CMCSA) shares in a research report that was released on Monday morning. Currently, JPMorgan Chase has given the stock a $45.00 price target.