We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Media War for Streaming Heats Up: Fox & Comcast Bid for Sky
Read MoreHide Full Article
Internet streaming has gained a strong foothold in recent times, thanks to the world’s insatiable appetite for on-demand, video streaming service. This demand is changing the media landscape pretty fast, making it increasingly difficult for some leading entertainment giants to offer relevant services that may help them stay afloat.
American consumers are increasingly mesmerized by the world of streaming media, getting rid of their cable connections to subscribe to Internet streaming entertainment providers like Netflix (NFLX - Free Report) , Hulu and Amazon (AMZN - Free Report) . The online TV market is growing without boundaries, with new initiatives such as Netflix Originals and Apple’s (AAPL - Free Report) development of cloud-based online video facilities.
High Internet speed makes streaming easier and gives an edge to video quality, an option that is now readily available to Americans. As people spend more time on their smart devices instead of watching television in their living rooms, it’s only apparent that they seek resources online that play their favorite shows anywhere, anytime.
Streaming Business Acquisitions Changing Media Proposition
The transatlantic bidding war between Comcast (CMCSA - Free Report) and Twenty-First Century Fox (FOXA - Free Report) to gain control over British Sky Broadcasting Group PLC displays the fierce competition that the Internet streaming technology has introduced in recent years.
Along with reaching Sky’s 23 million customers in the European subcontinent, the winner will gain access to the company’s streaming technology and European pay-TV assets.
Disney plans to buy Fox for $71.3 billion in a stock-cum-cash, per a CNBC report. Fox already owns a 39% stake in Sky, which Disney will have access to once it buys Fox. If Fox wins in the bidding for Sky, Disney will gain full control over the British broadcaster. The Disney-Fox agreement also gives Disney access to Hulu, Netflix’s major rival.
Media Tug-of-War Over Streaming to Continue
Streaming infrastructure is growing rapidly because of private networks owned by tech giants such as Facebook , Google (GOOGL - Free Report) , Netflix and Apple, which allow viewers to watch uninterrupted digital videos.
The gradual shift in consumers’ preference from cable TV subscriptions to video streaming on their portable devices might lead to a fiercer media fight.
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Media War for Streaming Heats Up: Fox & Comcast Bid for Sky
Internet streaming has gained a strong foothold in recent times, thanks to the world’s insatiable appetite for on-demand, video streaming service. This demand is changing the media landscape pretty fast, making it increasingly difficult for some leading entertainment giants to offer relevant services that may help them stay afloat.
American consumers are increasingly mesmerized by the world of streaming media, getting rid of their cable connections to subscribe to Internet streaming entertainment providers like Netflix (NFLX - Free Report) , Hulu and Amazon (AMZN - Free Report) . The online TV market is growing without boundaries, with new initiatives such as Netflix Originals and Apple’s (AAPL - Free Report) development of cloud-based online video facilities.
High Internet speed makes streaming easier and gives an edge to video quality, an option that is now readily available to Americans. As people spend more time on their smart devices instead of watching television in their living rooms, it’s only apparent that they seek resources online that play their favorite shows anywhere, anytime.
Streaming Business Acquisitions Changing Media Proposition
The transatlantic bidding war between Comcast (CMCSA - Free Report) and Twenty-First Century Fox (FOXA - Free Report) to gain control over British Sky Broadcasting Group PLC displays the fierce competition that the Internet streaming technology has introduced in recent years.
Along with reaching Sky’s 23 million customers in the European subcontinent, the winner will gain access to the company’s streaming technology and European pay-TV assets.
Disney plans to buy Fox for $71.3 billion in a stock-cum-cash, per a CNBC report. Fox already owns a 39% stake in Sky, which Disney will have access to once it buys Fox. If Fox wins in the bidding for Sky, Disney will gain full control over the British broadcaster. The Disney-Fox agreement also gives Disney access to Hulu, Netflix’s major rival.
Media Tug-of-War Over Streaming to Continue
Streaming infrastructure is growing rapidly because of private networks owned by tech giants such as Facebook , Google (GOOGL - Free Report) , Netflix and Apple, which allow viewers to watch uninterrupted digital videos.
The gradual shift in consumers’ preference from cable TV subscriptions to video streaming on their portable devices might lead to a fiercer media fight.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>