Media Stocks Get Initial Boost as Hollywood Celebrates Tentative Deal to End Writers Strike

  • 📰 Variety
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The potential end of the writers strike initially lifted the stocks of Netflix, Disney and other media companies.

’s shares improved roughly .90% in pre-market trading, while trading up .92% at over $383 during early trading.

Others getting an initial lift include Paramount Global. Its share price also climbed roughly 2% in pre-market trading, before trading up .25% at roughly $12.50. Comcast’s shares were down in pre-market trading and were down .20% at over $45 a share after the market opened. The company owns NBCUniversal.

In a sign of how important a resolution was to these companies, several CEOs and top executives, including Universal’s Donna Langley, Disney’s Bob Iger, Netflix’s Ted Sarandos and Warner Bros. Discovery’s David Zaslav were in the room last week, negotiating with representatives from the union. Apple and Amazon, both of which maintain their own streaming services and were involved in contract negotiations, aren’t as reliant on their entertainment operations as the more pure-play media companies. Shares of Apple were down in pre-market trading and opened flat at roughly $175. Amazon shares improved more than .60% in pre-market trading and were up 1% in the morning at more than $130 a share.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 108. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Disney, Netflix, Other Media Stocks Rise With End in Sight for Hollywood Writers StrikeA tentative agreement has been reached to cease the labor action that has shut down production of TV shows and movies.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

How Much Money Keith Gill Made From GameStop StocksHe could have made a fortune.
Fonte: screenrant - 🏆 7. / 94 Consulte Mais informação »