Viacom, Inc. Add to portfolio

Daiwa Securities Group Inc. raised its holdings in shares of Viacom, Inc. (NASDAQ:VIAB) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Viacom presently has a consensus rating of “Hold” and a consensus price target of $34.71. The stock has a market cap of $11.73 billion, a PE ratio of 7.11, a PEG ratio of 0.84 and a beta of 1.48.

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Television Broadcasting Services Market Key Vendors, Growth Rate Analysis With CANAL+, AT&T, Channel 4, RTL Group, CenturyLink, WarnerMedia, 21st Century Fox, TiVo, CBC/Radio-Canada, Viacom, Red Bee Media. The Global Television Broadcasting Services Market is expected to reach USD 753.1 billion by 2025 from USD 407.7 billion in 2017 and is projected to grow at a CAGR of 7.1% in the forecast period of 2018 to 2025. Rising need of enterprises in order to reach large audiences and potential customers. Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, South Africa, and Brazil among others.

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Clarus Wealth Advisors now owns 1,487 shares of the company’s stock valued at $38,000 after purchasing an additional 1,443 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Viacom by 3,319.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,573,957 shares of the company’s stock valued at $256,000 after purchasing an additional 6,381,702 shares during the period. Viacom, Inc. has a fifty-two week low of $23.31 and a fifty-two week high of $34.58. The company has a market cap of $11.49 billion, a P/E ratio of 6.93, a PEG ratio of 0.84 and a beta of 1.48. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.10.

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Charter Communications said it plans to launch an over-the-top streaming video service at the end of March dubbed TV Essentials to its broadband-only customers without a video service, in the cable industry’s latest effort to recapture pay TV subscribers. TV Essentials will be available to Charter broadband customers for $14.99 per month and will include about 60 live TV channels and on-demand content from programmers like Viacom, AMC Networks, A+E Networks, Discovery and Hallmark. AT&T, which already has streaming service DirecTV Now and a lower-cost sports-free service AT&T Watch, is planning a direct-to-consumer offering later this year. And then there are the existing streaming services like Sling TV, Hulu with Live TV, Sony PlayStation Vue, fubo TV, YouTube TV, Philo TV and others. "Spectrum TV Essentials is an OTT offering designed to provide Spectrum Internet-only customers a new low-price, high-value video option," Charter chairman and CEO Tom Rutledge said in a press release.

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Viacom’s networks are now available for live streaming on Sling, DirecTV Now, Philo and fuboTV. So far they have not been available on YouTube or Hulu’s live TV services.

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2 cable operator in the U.S., has announced plans to launch Spectrum TV Essentials, an OTT video service for the company’s existing internet customers who don’t already get pay-TV from Spectrum. Starting in May, subscribers will also be able to get Spectrum Originals, a portfolio of shows created by a new programming arm of Charter. Philo TV, an expressly non-sports, lifestyle-centric OTT bundle, has been steadily gaining traction since expanding from its traditional college-campus roots to the general market more than a year ago. As linear ratings continue to erode and technology keeps viewing habits shifting, the goal of securing carriage-fee increases via traditional deals with operators has proven elusive for many programmers. “As we began to assemble the rights for this new video service, we received great enthusiasm and encouragement from these key programming partners, who share our view and embrace creating an innovative video offering we believe will resonate with our internet customers.

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With 1.01M avg volume, 3 days are for Bankunited Inc (NYSE:BKU)’s short sellers to cover BKU’s short positions. Wealthtrust Axiom Llc increased Viacom Inc New (VIAB) stake by 150.38% reported in 2018Q3 SEC filing. It has underperformed by 0.84% the S&P500. Some Historical VIAB News: 06/03/2018 – Nickelodeon Unveils Content Pipeline of More Than 800 New Episodes, Details Expansion into Location-Based and VR Experiences; 02/04/2018 – CBS Is Said to Plan Below-Market Bid for Viacom in Coming Days; 09/04/2018 – Moody’s affirms NAI’s B1 CFR, and assigns B1 rating to new bank credit facility; outlook stable; 25/04/2018 – VIACOM: SEES STRONG UPFRONT PRICING; 18/04/2018 – CORRECTING and REPLACING BET Networks Powers Black Influence with a Slate of New Original Scripted and Unscripted Series and Al; 04/05/2018 – Exclusive: Redstone makes concessions on Viacom CEO in bid to clinch CBS deal; 11/04/2018 – CNBC Now: BREAKING: Shari Redstone likely to fire Moonves as head of CBS if no deal with Viacom; 29/05/2018 – Shari Redstone’s endgame for CBS and Viacom is clear in this new complaint; 04/04/2018 – CBS below-market bid for Viacom was immediately rejected, sources say; Viacom planning counter offer; 03/04/2018 – CBS has not made a formal offer to buy Viacom after social issues raised a roadblock in the talks. It is negative, as 22 investors sold BankUnited, Inc. shares while 79 reduced holdings.

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STAMFORD, Conn., Feb. 20, 2019 /PRNewswire/ -- Charter Communications, Inc. today announced that it will launch Spectrum TV Essentials, an innovative internet delivered over-the-top (OTT) video service, to be made available exclusively in Charter's footprint to Spectrum Internet customers who don't already subscribe to Spectrum video services. Launching by the end of March, Spectrum TV Essentials will include more than 60 live popular lifestyle, entertainment and news channels, and access to all of the associated On Demand content these networks make available. "As we began to assemble the rights for this new video service, we received great enthusiasm and encouragement from these key programming partners, who share our view and embrace creating an innovative video offering we believe will resonate with our internet customers. Notably, Viacom shared its strong belief and research that suggests there is a large untapped opportunity for a low-priced, entertainment-only bundle unencumbered by the high cost of broadcast retransmission consent fees and expensive sports programming." "We're thrilled to expand and deepen our relationship with Charter. They share both our commitment to the evolution of the the Pay TV ecosystem as well as our understanding of the changing needs of consumers," said Bob Bakish, Viacom President and CEO. "As the video marketplace continues to segment across price points and offerings, we believe a high quality, lower priced option for internet-only subscribers is very important. We're excited to have our global brands as part of Spectrum TV Essentials at launch." Networks available on Spectrum TV Essentials include: A&E, AMC, American Heroes Channel, Animal Planet, AXS TV, BBC America, BBC World News, BET, BET Her, BET Jams, BET Soul, Bloomberg, Cheddar, CLEO TV, CMT, CMT Music, Comedy Central, Cooking Channel, Destination America, Discovery, Discovery Family, Discovery Life, DIY, Food Network, FYI, Game Show Network, Hallmark Channel, Hallmark Drama, Hallmark Movies & Mysteries, HDNet Movies, HGTV, HISTORY, IFC, Investigation Discovery, Lifetime, Lifetime Movie Network, Logo, MotorTrend Network, MTV, MTV2, MTV Classic, MTV Live, MTVU, NewsmaxTV, Newsy, Nickelodeon, Nick Jr., Nick Music, NickToons, Outdoor Channel, OWN, Paramount Network, Science Channel, Sundance TV, Teen Nick, TLC, Travel Channel, TV Land, VH1, Viceland, The Weather Channel and WEtv.

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Feb 20 (Reuters) - Viacom Inc said on Wednesday it will provide programming on fuboTV's live TV streaming service, part of an industry trend of cord-cutting that also has Viacom distributing content through "vitual pay-TV" providers Sling TV, DirectTV Now and Philo. New York-based fuboTV is a four-year-old streaming service that focused on soccer before expanding into other sports and carrying entertainment programming from networks such as FX and Showtime. Viacom will include content from its nine core media networks, which include Comedy Central, MTV and Nickelodeon, in fuboTV's base package, "fubo," which costs $44.99 per month. In January, Viacom acquired Pluto TV, a free video streaming service, for $340 million in cash in an effort to expand its advanced advertising business.

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Viacom’s Domestic and International Media Networks to Launch on fuboTV Streaming Service. Viacom Inc. (NASDAQ: VIAB, VIA) and fuboTV today announced a carriage agreement that will extend Viacom’s global portfolio of premier entertainment brands to fuboTV’s live TV streaming service. Viacom’s nine core media networks – BET, CMT, COMEDY CENTRAL, MTV, Nickelodeon, Nick Jr., Paramount Network, TV Land and VH1 – will soon be included in fuboTV’s base package, “fubo.” An expanded suite of Viacom channels will also be available in the premier package, “fubo Extra,” including BET Her, BET Jams, BET Soul, Logo, MTV2, MTV Classic, MTV Live, mtvU, Nick Music, Nicktoons, and TeenNick. “fuboTV is quickly evolving as a major force in the streaming television space, and the addition of Viacom’s media networks as a cornerstone of fuboTV’s entertainment offering demonstrates the power and popularity of our global brands and programming,” said Tom Gorke, EVP, Head of Distribution and Business Development, for Viacom.

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