Media Stocks Tumble Following Disney-Charter Dispute

  • 📰 Variety
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Shares of several big media and entertainment companies tumbled Friday as investors considered the potential fallout from an impasse between cable giant Charter Communications and media titan Walt …

during an investor call, was “untenable” as Disney made suggestions in the market that it planned eventually to make its sports content available more fully for streamers in stand-alone fashion.

Indeed, Winfrey argued that Charter was prepared to “pivot” from traditional agreements so that subscribers had more options about the programming packages they wanted to take, and more control over the networks for which they paid. Shares of Charter were off nearly 3% Friday afternoon, falling $12.77 per share to $425.40. Meanwhile, Disney stock slipped 2.2%, or $1.83 a share, to $81.83 per share.

Paramount Global stock dipped 7.59%., or $1.14 a share, to $13.95. Shares in Comcast, owner of NBCUniversal, fell 2.28%, or $1.06 a share, to $45.70. Warner Bros. Discovery stock tumbled 10.16%, or $1.34 a share, to $11.82. Shares in Fox Corp. were off 5.66% or $1.87, to $31.19.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 108. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

TV Stocks Fall After Charter, Disney DisputeShares of entertainment companies fell Friday after Walt Disney blocked TV channels like ESPN and ABC from Charter's cable system, Spectrum. The move from Disney came after the two com
Källa: WSJ - 🏆 98. / 63 Läs mer »

Adani family's partners used 'opaque' funds to invest in its stocksAdani family's partners used 'opaque' funds to invest in its stocks - media group
Källa: Investingcom - 🏆 450. / 53 Läs mer »