CMCSA Sep 2024 40.000 call
| Previous close | 1.7500 |
| Open | 1.9000 |
| Bid | 1.6500 |
| Ask | 1.7000 |
| Strike | 40.00 |
| Expiry date | 2024-09-20 |
| Day's range | 1.7100 - 1.9500 |
| Contract range | N/A |
| Volume | |
| Open interest | 4.84k |
ReutersDisney and Comcast seek advisor to resolve Hulu valuation, sources say
Walt Disney and Comcast are seeking to hire a financial adviser to resolve a dispute over how to value the 33% stake in streaming platform Hulu that the former will acquire from the latter, according to people familiar with the matter. The move is in accordance with a deal the companies struck for Hulu last year. It is an action their contract foresees if JPMorgan Chase, which provided a fairness opinion on Hulu for Disney, and Morgan Stanley, which provided such an opinion for Comcast, are too far apart in their valuation assessments.
- Yahoo Finance Video
What happens if Warner Bros. Discovery loses its NBA rights?
Warner Bros. Discovery (WBD) is set to report earnings on Thursday, May 9, as the broadcaster engages in a tug-of-war with Comcast's NBCUniversal (CMCSA) over the media rights for the NBA. NBCUniversal is reportedly eyeing a bid of $2.5 billion, more than double WBD's current annual spend of $1.2 billion for NBA media rights. Yahoo Finance Senior Reporter Alexandra Canal highlights the detrimental consequences if Warner Bros. Discovery fails to secure the streaming rights for the next basketball season, as analysts project a loss of $270 million in annual ad revenue. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
ReutersTech platforms make pitch for ad deals as TikTok is roiled by politics
Short-form video took center stage at tech and social media companies' annual presentations to advertisers, as platforms like Snap and Meta look to capitalize on TikTok's political uncertainty in the U.S. to take ad dollars from their rival. The presentations in New York, known as the NewFronts, come just a week after U.S. President Joe Biden signed a bill that gives Chinese tech company ByteDance up to one year to divest TikTok, or else the app will be banned over national security concerns. TikTok has vowed to fight the legislation.
