|Bid||6.86 x 900|
|Ask||6.87 x 1100|
|Day's range||6.71 - 7.24|
|52-week range||4.16 - 9.69|
|Beta (5Y monthly)||0.07|
|PE ratio (TTM)||N/A|
|Earnings date||06 May 2020 - 10 May 2020|
|Forward dividend & yield||0.32 (5.04%)|
|Ex-dividend date||03 Sep 2019|
|1y target est||15.00|
(Bloomberg) -- The event streaming platform Confluent Inc. has held talks with potential investors about a new funding round, according to people with knowledge of the matter.Confluent is seeking to raise about $200 million to $300 million, said one of the people, who asked not to be identified because the discussions are private. The round could value Confluent at about $5 billion, another person said.The company raised $125 million in a series D fundraising in early 2019. That round valued the company at $2.5 billion.Confluent, based in Mountain View, California, is tapping the private market ahead of a possible initial public offering, the people said.IPOs of software companies have fared well in the past year. Globally, shares of those companies have gained 58% overall based on a weighted average from their offer prices, according to data compiled by Bloomberg. That compares with an increase of 20% for all IPOs.Confluent’s annual recurring revenue is growing at a rate of almost 100% a year, it said in a statement. It counts Royal Bank of Canada, Ticketmaster Entertainment Inc. and TiVo Corp. among customers, its website shows.Representatives for Confluent didn’t respond to requests for comment on the fundraising details.Confluent was started by the early developers of streaming processing software Apache Kafka. Its backers include Benchmark, Index Ventures and Sequoia Capital.(Updates with details on starting Apache Kafka in last paragraph)To contact the reporters on this story: Crystal Tse in New York at firstname.lastname@example.org;Gillian Tan in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, ;Alan Goldstein at email@example.com, Elizabeth Fournier, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
TiVo Corporation (NASDAQ: TIVO) today announced that the United States Court of Appeals for the Federal Circuit has ruled in favor of the company in its ongoing dispute with Comcast. The Federal Circuit affirmed the International Trade Commission’s (ITC) jurisdiction and their decision to ban the importation of Comcast’s set-top boxes that infringe Rovi’s patents.
TiVo Corporation (NASDAQ: TIVO), the company that brings entertainment together, today reported financial results for its fourth quarter ended December 31, 2019.
TiVo (TIVO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Xperi Corporation (Nasdaq: XPER) and TiVo Corporation (Nasdaq: TIVO) today announced that they have received notification of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") with respect to the all-stock merger of equals transaction of Xperi and TiVo. The early termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the transactions contemplated by the previously announced Agreement and Plan of Merger and Reorganization (the "Merger Agreement") made and entered into as of December 18, 2019, by and among Xperi, TiVo, XRAY-TWOLF Holdco Corporation ("Holdco"), XRAY Merger Sub Corporation, and TWOLF Merger Sub Corporation. The consummation of such transactions remains subject to other customary closing conditions set forth in the Merger Agreement, including receipt of the approval of the stockholders of Xperi and TiVo.
(Bloomberg Opinion) -- Comcast Corp.’s soon-to-launch Peacock service shows that advertising is the future of streaming TV. Consumers may be OK with that. On Thursday, the cable giant’s NBCUniversal entertainment division showcased Peacock to investors ahead of the app’s soft launch slated for April 15. Like Netflix, Disney+ and HBO Max (and to some extent, the content-lite Apple TV+), Peacock offers a library of movies; older and current network TV shows, such as “The Office” and “This Is Us”; and original programming made exclusively for its streaming audience. But it differs from the other services in one significant way: Peacock’s primary source of revenue will be ads, not subscriptions, allowing viewers the option of streaming for free. Let’s face it, paying for individual streaming-video apps at $7, $13 and $15 a pop isn’t all that cord-cutting was cracked up to be. The streaming-TV subscription model is brand new and broken. One app isn’t enough, yet having multiple subscriptions can get so expensive customers are left to wonder why they even got rid of cable. The streaming wars haven’t been a delight for the entertainment giants and their shareholders, either: These new apps are extremely costly to build and to stock with content, and they’ll cannibalize the larger revenue streams generated by traditional TV networks. Put it this way: TV just seems to work better for everyone when the consumer is the product, able to be sized up by advertisers desperate for a few moments of our time in hopes of activating a shopping reflex.Anecdotally, it’s said that viewers can’t stand ads. But in fact, research has shown that the No. 1 gripe for video subscribers is how much they’re paying. In a survey of about 6,000 North Americans conducted for TiVo Corp. toward the end of last year, about 70% said their reason for cutting the cord was that pay TV was too expensive. A separate survey by Ampere Analysis Ltd. similarly found price to be by far the biggest motivator for consumers switching to ad-supported apps, and 39% said they don't mind seeing ads while they watch. “We continue to believe consumers do not hate ads,” Rich Greenfield, an analyst for LightShed Partners, wrote in a report this week. “They hate heavy ad loads of un-targeted, repetitive ads in contrast to Instagram where the ads feel more like content.” Peacock is promising just five minutes of ads per hour.Media companies developing streaming services shouldn't underestimate the power of “free,” my colleague Sarah Halzack and I wrote last year in a column highlighting the appeal of ad-supported streaming offerings, such as Tubi, The Roku Channel and Pluto TV, which is now owned by ViacomCBS Inc. But compared to the quality of those apps, Peacock doesn’t feel free — it has plenty of premium content, carefully thought-out navigation and features, and with the option to watch some programming live and other stuff on-demand. A fuller content library can be accessed with Peacock Premium for $5 a month, although Comcast subscribers — even those who only have internet service — can get that version at no extra cost. For $10 a month, Peacock can be ad-free. But Comcast is probably hoping everyone will opt for the ads. About 70% of Hulu’s subscribers are on its ad-supported version, Peter Naylor, who heads up advertising sales for Hulu, said at a conference last year. And according to LightShed’s Greenfield, Hulu makes more money from its ad-supported version than from its ad-free subscriptions.For Comcast, it’s about “light advertising and bundling,” Jeff Shell, the newly installed CEO of the NBCUniversal unit, said during Thursday’s presentation. It’s one of the first signs of ”the great re-bundling” that I wrote about in November, as media giants realize they need to do something about the big consumer pain point of streaming: too many subscriptions.Comcast predicts Peacock will have at least 30 million active accounts and $2.5 billion of revenue by 2024, and that Ebitda will break even by then. Walt Disney Co. estimates Disney+ will turn profitable that same year, but it will take at least twice as many subscribers paying about $7 a month to do so. Similarly, AT&T Inc. is forecasting HBO Max won’t start making money until 2025, even though its fee is $15 a month. Meanwhile, Netflix has insisted it won’t adopt ads, despite the company’s $19 billion of content obligations as it burns through billions of dollars of cash each year.Of course, if ads are the name of the game, the industry has work to do to make them less annoying. Hulu, which is controlled by Disney, has been on the forefront of trying new advertising methods that are less interruptive than traditional commercials. It rolled out “pause ads” last year, which promote a brand’s product on screen while a video is paused.Comcast may be the only media giant to fully embrace ads so far for its streaming debut, but others will probably transition to a model more like Peacock’s over time. After all, birds of a feather flock together.To contact the author of this story: Tara Lachapelle at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The new TiVo (TIVO) Stream 4K is an HDMI dongle designed to compete with streaming devices like Fire TV, Google Chromecast and Roku Streaming Stick.
Shull said the device is a "tiny little HDMI puck" that's designed to reach a much broader group than the existing TiVo customer base, providing both streaming and live TV content to cord cutters and cord shavers. "We believe for users that see value in live TV, which is the majority of American households, they want something to unify and marry the worlds of live TV and streaming, instead of having separate set top boxes or separate apps," added VP of Product Chris Thun. In fact, TiVo is also announcing the addition of 23 new channels to TiVo+, bringing the total count to 49.
TiVo Corporation (TIVO) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Earlier this year, TiVo said it was preparing to split itself into two -- a product and IP business -- in order to make itself more attractive to buyers. Today, the company announced those plans have been put on hold as it has instead merged with technology licensor Xperi Corporation, in a $3 billion deal. This will allow the newly combined company to sell off one of those units to a strategic buyer at a later date.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.