The S&P 500 communication services index has increased 20% so far in 2019, beating the S&P 500’s 17% gain and all but two of 11 sectors – technology and real estate. That strong performance is in large part thanks to a recovery by Facebook Inc, as investors bet that the world’s largest social network will keep growing, even as it faces regulatory hurdles.
Disney’s family-friendly Disney+, set to launch on November 12 with a slate of new and classic TV shows and movies, is viewed as the most dangerous threat to Netflix. Disney’s shares hit a record high on Monday and have surged 28% this year. Disney’s stock is trading at 22 times expected earnings, its highest forward earnings valuation since 2004, according to Refinitiv data. Netflix’s forward earnings valuation has dipped to 66 from 82 in early July, before its disappointing quarterly report.
“The Netflix disappointment and the big Disney box office numbers underscore the importance of intellectual property, of ownership of content,” said Jack Ablin, chief investment officer at Cresset Wealth Advisors in Chicago. Even though Netflix makes many of its own shows, it still relies on other producers, he said.
In addition to looking for potential confirmation of that deal when CBS and Viacom report their results on Thursday, investors will focus on growth in CBS’s All Access and Showtime streaming services.
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I will remain resolute: Mkhwebane - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Public Protector Busisiwe Mkhwebane says she remains resolute to do her job even in the face of punishing cost orders against her. That's what guns do She's degenerating everyday this one. 💪🏿
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Madonsela on Trek4Mandela expedition - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Nelson Mandela Foundation - in partnership with the Imbumba Foundation - will be sending off the second group of the Trek4Mandela Expedition team on Sunday morning, at the O. R. Tambo International Airport to summit Mount Kilimanjaro, Africa's highest peak.
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SABC apologises for no live broadcast of PSL games - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Acting SABC COO, Craig Van Rooyen says the public broadcaster would like to apologise to all South Africans for not securing a PSL broadcast sub-licence from Supersport. Not surprised Hai suka Whatever 😏
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Sudan generals, protest leaders agree on constitutional declaration - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Sudan's ruling generals and protest leaders reached a 'full agreement' on the constitutional declaration, the African Union said on Saturday, paving the way for transitioning to civilian rule.
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‘Fair, accurate reporting paramount to ensure a free and fair democracy’ - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.‘Fair, accurate reporting paramount to ensure a free and fair democracy’ Minister in the Presidency Jackson Mthembu says fair and accurate reporting should remain paramount to ensure a free and fair democracy.
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Google to allow rival search engines to compete on Android - at a price - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Google to allow rival search engines to compete on Android – at a price Alphabet Inc’s (GOOGL.O) Google will allow rivals to compete to be the default search engines on new Android devices in Europe, but they will have to pay for the privilege.
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