|Bid||30.00 x 800|
|Ask||30.75 x 800|
|Day's range||27.64 - 30.09|
|52-week range||27.64 - 46.90|
|Beta (5Y monthly)||1.26|
|PE ratio (TTM)||N/A|
|Earnings date||29 Apr 2020 - 03 May 2020|
|Forward dividend & yield||0.96 (3.39%)|
|Ex-dividend date||12 Mar 2020|
|1y target est||40.50|
Hollywood is bracing for impact as the coronavirus continues to disrupt the industry — delaying everything from movie premieres to production schedules.
Saturday, the NAACP celebrated the stellar achievements of "The 51st NAACP Image Awards" winners during a special ceremony which was broadcasted LIVE on BET and simulcasted across 10 ViacomCBS networks including MTV, MTV2, VH1, Comedy Central, CMT, BET Her,, Logo, TV Land, Pop and Smithsonian. Hosted by actor and comedian Anthony Anderson, "The 51st NAACP Image Awards" drew 1.8 MM Total Viewers P2+ (Simulcast)*, with 850K Total Viewers P2+ tuning in on BET alone.* With three (3) hours of LIVE "The 51st NAACP Image Awards" related content the network drew 2.3 MM total Viewers P2+ (Simulcast) and 1.3MM Total Viewers P2+ on BET alone.* The telecast saw +448% increase in viewers vs. YAGO, and a +149% increase on BET Alone.* Filled with non-stop exhilarating moments, the special secured the 1 Most Social TV Program on Saturday, February 22, 2020**.
Nickelodeon, TIME and TIME For Kids are joining forces for the first-ever Kid of the Year honor, a year-long multiplatform initiative that will include a TV special simulcast on Nick and the CBS Television Network, and hosted by Trevor Noah (The Daily Show with Trevor Noah). The December hour-long special will recognize five extraordinary young leaders who are making a positive impact in their communities and name TIME Kid of the Year, who will also be featured in companion stories in TIME and TIME For Kids. The Kid of the Year partnership will also include the opportunity for all the honorees to serve as kid reporters for TIME For Kids with exclusive access to Nickelodeon events throughout the year. Details on the nomination and submission process for Kid of the Year will be announced at a later date.
Nickelodeon has greenlit a third season of the top-rated preschool series Ryan’s Mystery Playdate, starring eight-year-old YouTube superstar Ryan of Ryan’s World. Created and produced by pocket.watch, the studio creating global franchises from the YouTube stars and characters loved by Generation Alpha, the live-action series follows Ryan as he tackles a series of imaginative, physical challenges and solves mystery box puzzles to reveal the identity of his playdate. Ryan’s Mystery Playdate ranked as the number-one preschool series on all TV for 2019, and new season three episodes will begin airing this Spring. Ryan’s Mystery Playdate airs regularly weekdays at 12:30 p.m. (ET/PT) on Nickelodeon and 4:30 p.m. (ET/PT) on the Nick Jr. channel.
Nickelodeon today announced the greenlight of Side Hustle, a brand-new live-action buddy comedy starring social media sensations and real-life best friends, Annie LeBlanc and Jayden Bartels. The multi-camera series centers on best friends, Lex (LeBlanc) and Presley (Bartels), who have to create a business fast after inadvertently destroying their neighbor’s car. Created and executive produced by Dave Malkoff (Henry Danger, Sam & Cat, Victorious) and shot in front of a live studio audience, Side Hustle (13 half-hour episodes) will begin production in Los Angeles this March and premiere later this year on Nickelodeon.
TODAY, BET Networks announced plans to pay tribute to the iconic five-time NBA champion, and Academy Award-winning producer, Kobe Bryant, with content specials across their linear, digital and streaming platforms Monday, February 24, 2020 beginning 1PM ET.
BET Networks along with its other ViacomCBS networks MTV, VH1, COMEDY CENTRAL, CMT, LOGO, TV LAND, POP AND SMITHSONIAN, will simulcast the 51st NAACP Image Awards live this Saturday, February 22nd at 8pm.
ViacomCBS’ Entertainment & Youth Brands today announced an overall production and development deal with critically acclaimed, Oscar®-nominated screenwriter Taylor Sheridan, co-creator of Paramount Network’s hit series Yellowstone. Sheridan’s deal covers multiple projects across Chris McCarthy’s portfolio, including projects for the newly created Entertainment & Youth Studios. David Glasser and 101 Studios will executive produce all projects under the deal. Keith Cox, President of ViacomCBS Entertainment and Youth Studios, will oversee the projects.
NFL team owners on Thursday voted to approve a new collective bargaining agreement, but the players are unlikely to vote yes in its current form.
(Bloomberg) -- U.S. equities slumped on concern that the coronavirus that originated in China will take a heavy toll on corporate earnings. The dollar jumped and gold climbed to a seven-year high as investors sought havens.Microsoft Corp., Apple Inc. and other big tech names led losses after Japan reported two deaths and South Korea confirmed its first fatality from the disease amid a report the illness was spreading in Beijing. ViacomCBS Inc. tumbled after sales missed estimates, while Morgan Stanley dropped after agreeing to buy E*Trade Financial Corp. for $13 billion. The S&P 500 Index pared the worst of its decline in the afternoon amid gains for automakers and real-estate companies.The yen extended its fall toward 112 per dollar amid disappointing economic news and early positioning before the fiscal year-end next month. Treasuries rallied.Sentiment turned negative Thursday, a day after equities reached record highs, as the infection that originated in China continues to expand beyond the mainland. Earnings misses are adding to the gloom, alongside fresh warnings on the pathogen’s impact from A.P. Moller-Maersk A/S, the world’s largest container shipping firm, and Air France-KLM. Goldman Sachs Group Inc.’s chief equity strategist said a near-term correction for the stock market is looking more probable.“It could be some larger players hedging against downside risk of the coronavirus spreading,” said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance. “That, on top of the Goldman call that a correction is more likely, has people on edge.”Elsewhere, subpar results from AXA SA and Telefonica SA weighed on European equity gauges. Asia stocks traded mixed. Oil gained in New York.Here are some key events coming up:Earnings season rolls on, with results from Deere & Co. set for Friday.Euro-area PMI and inflation data are also due Friday.Group of 20 finance ministers and central bank chiefs are due to meet Feb. 22-23 in Riyadh, Saudi Arabia, and are expected to discuss efforts to support growth amid the coronavirus threat.These are the main moves in markets:StocksThe S&P 500 Index fell 0.4% at the close of trading in New York.The Stoxx Europe 600 Index fell 0.9%.The MSCI Asia Pacific Index sank 0.7%.CurrenciesThe Bloomberg Dollar Spot Index jumped 0.5%.The euro slipped 0.2% to $1.0787.The Japanese yen weakened 0.6% to 112.08 per dollar.BondsThe yield on 10-year Treasuries sank five basis points to 1.52%.Germany’s 10-year yield declined three basis points to -0.45%.Britain’s 10-year yield dipped two basis points to 0.57%.CommoditiesWest Texas Intermediate crude gained 0.9% to $53.78 a barrel.Gold strengthened 0.5% to $1,619.80 an ounce.\--With assistance from Cormac Mullen, Adam Haigh, Todd White and Yakob Peterseil.To contact the reporters on this story: Vildana Hajric in New York at firstname.lastname@example.org;Claire Ballentine in New York at email@example.comTo contact the editors responsible for this story: Christopher Anstey at firstname.lastname@example.org, Brendan WalshFor 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.
Today, at META:2020, BET Networks announced ReclaimYourVote, a social change campaign in partnership with the National Urban League and key national organizations committed to harnessing Black collective power and increasing Black participation in the 2020 Census and the 2020 Election.
(Bloomberg Opinion) -- “House of Brands” probably wasn’t the best choice of words by ViacomCBS Inc. in describing its streaming-TV strategy. It’s best for a company in its position to avoid what sounds eerily similar to another phrase — one that implies a shaky structure doomed to collapse. It’s also best not to remind people of the name of a hit series created by Netflix Inc., the very symbol of the end of times for cable networks like those owned by ViacomCBS. But the company may be on to something. Its house — er, collection — of TV and film brands were slapped together, just like its name, through the December merger of Viacom and CBS. Together, they have the potential to constitute an attractive streaming-TV offering for consumers different from existing ones. That means there’s at least hope for ViacomCBS, and that’s truly all investors and employees could reasonably expect right now. On Thursday, ViacomCBS posted unflattering results for its first quarter as a unified company, and its shares plunged 18%. It’s a reflection of the difficulty of stitching together two businesses with much different cultures — a challenge for any chief executive officer, but one that’s exacerbated in this case by the historical tensions between the two sides and the industry streaming wars that have threatened to make both of them irrelevant. Analysts predicted at least $7 billion of revenue for the period ended Dec. 31, but ViacomCBS took in only $6.87 billion amid a drop in traditional TV viewers, lower political advertising spending and a weak box-office showing. The merger closed on Dec. 5.But there were slivers of good news. Among them was the company’s announcement that it’s creating a new subscription-video service that will expand on the $6-a-month CBS All Access app ($10 for the commercial-free version) by stuffing it with more content from other parts of the empire. The company referred to it as a “House of Brands” product, the idea being that it can bring together its various entertainment, news, sports and film properties to reach a wider audience. The company’s biggest assets are CBS, MTV, Nickelodeon, BET, Comedy Central, Paramount Pictures and Showtime. It also owns Pluto TV, the advertising-supported service for consumers who want to stream for free, while Showtime targets the higher-end of the market with an $11-a-month online subscription.The strategy sounds a bit like the approach Comcast Corp.’s NBCUniversal is taking with its Peacock product, which is set to launch in April. Peacock will have a diverse library — everything from “Parks and Recreation” to “Jurassic Park” plus new shows — that most people will be able to access for free, with the option of paying $10 a month to cut out the ads. In contrast, Disney+, the fast-growing streaming service from Walt Disney Co., has more narrow appeal as it’s predominantly geared toward children and Marvel and “Star Wars” superfans; it has also shunned advertisers (for now). Peacock mimics the breadth of Netflix, whereas Disney+ looks more like a niche add-on option for Netflixers. A tremendous challenge for all the media giants, but especially ViacomCBS, is deciding where to put their content. ViacomCBS needs to continue to nourish its cable networks, the biggest moneymakers, while choosing which titles to save for CBS All Access to drive subscriber growth and which to sell to rival streaming services that are willing to pay for them. For example, the Paramount division previously produced the popular — and controversial — series “13 Reasons Why” for Netflix, a show that could have also appealed to MTV’s audience and potentially would have been a good fit for the expansion of CBS All Access. In that sense, it’s as if the different units within ViacomCBS are competing with one another. For once, though, Viacom and CBS are working under one clear leader, which is probably the biggest positive development following years of infighting and drama at both entities, both controlled by the Redstone family. Bob Bakish, Viacom’s well-liked, hard-nosed CEO of the last three years, is now in charge of the merged company, while Joe Ianniello, who had been Leslie Moonves’s No. 2 at CBS, is leaving next month. Moonves was ousted in September 2018 after a slew of sexual-harassment allegations came to light, ultimately paving the way for the merger of CBS and Viacom. Ianniello, though instrumental in getting the deal done — if only for the outrageous pay package used to placate him — was a symbol of the old regime and a possible wrench in Bakish’s salvage plan.Bakish has a lot of work to do, and fast. But his idea isn’t a bad one. To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Daniel Niemi at firstname.lastname@example.orgThis 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.
MTV and Sean ‘Diddy’ Combs today announced that the music mogul’s sons Christian Combs, Quincy Brown and Justin Combs—who are best known for their careers spanning music, fashion and entertainment—are joining the family business and have signed on for the highly-anticipated return of "Making the Band." Creative director and celebrity choreographer LaurieAnn Gibson will return to the franchise and join the search to discover the world’s next breakout superstars.
Kid rapper and pint-sized powerhouse Young Dylan will join the Nickelodeon family with the premiere of the brand-new live-action series, Tyler Perry’s Young Dylan, on Saturday, Feb. 29, at 8:30 (ET/PT). Executive produced, directed and written by Perry, the series follows a family whose world is turned upside down when their nephew, Young Dylan (Dylan Gilmer), an aspiring hip-hop star, moves in unannounced. Michelle Sneed is also an executive producer, with Will Areu and Mark E. Swinton serving as producers. The series is currently in production at Tyler Perry Studios in Atlanta, Ga.
Nickelodeon is literally bringing to life the popular animated characters from its Emmy Award-winning The Loud House with the greenlight of an all-new original live-action holiday TV movie: The Loud House: A Very Loud Christmas! (working title). Casting is currently underway for the feature-length TV movie, which will begin production this summer and is set to premiere in the fourth quarter of this year.
Nickelodeon is setting off into new territory with the greenlight of The Astronauts (working title), a brand-new, live-action series following a group of kids who embark on the adventure of a lifetime when they are mistakenly launched into space. Marking Nickelodeon’s first production with Imagine Kids+Family, The Astronauts (10 episodes) is currently in production in Vancouver, Canada, with a premiere slated for this summer.
Nickelodeon is expanding the world of the number-one kids’ series, Henry Danger, with the launch of Danger Force, a brand-new original live-action spinoff premiering Saturday, March 28, at 8 p.m. (ET/PT). Created and executive produced by Christopher J. Nowak (Henry Danger, Sam & Cat), the new series stars two of the most beloved characters from Henry Danger, "Ray/Captain Man" (Cooper Barnes) and "Schwoz" (Michael D. Cohen), and introduces four new superheroes-in-training as they team up to fight crime in their town of Swellview. Danger Force (13 episodes) is produced by Barnes and Jace Norman (Henry Danger), and production for the series is currently underway.
Nickelodeon is bringing the original SpongeBob SquarePants voice cast to Kamp Koral: SpongeBob’s Under Years, the brand-new animated spinoff of the beloved hit series. Premiering this July, the CG-animated prequel (13 episodes) follows 10-year-old SpongeBob during his summer at sleepaway camp and stars Tom Kenny (SpongeBob SquarePants), Bill Fagerbakke (Patrick Star), Rodger Bumpass (Squidward), Clancy Brown (Mr. Krabs), Carolyn Lawrence (Sandy Cheeks) and Mr. Lawrence (Plankton), all of whom are reprising their iconic roles in this new series.
Nickelodeon is taking the misadventures of Big Nate from page to screen with an all-new animated TV series based on the best-selling children’s books written and drawn by acclaimed author and cartoonist Lincoln Peirce. The eponymous 26-episode series follows Nate, a precocious 11-year-old boy, and his best friends as they navigate sixth grade with humor and style. Big Nate will be produced by Nickelodeon in Burbank, Calif.
Grammy® Award-winning superstar Chance the Rapper is set to host Nickelodeon’s Kids’ Choice Awards 2020, the biggest and slimiest awards show where kids are in control, broadcasting live Sunday, March 22, at 7:30 p.m. (ET/PT) from the Forum in Inglewood, Calif. The news, which also included this year’s nominees, was announced today by Annie LeBlanc and her sister Hayley LeBlanc, stars of Nickelodeon’s digital competition show Annie vs. Hayley, during a Kids’ Choice Awards nomination event across Nick’s YouTube, Instagram, Facebook and Twitter handles and channels.
ViacomCBS Inc. (NASDAQ: VIAC; VIACA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share on both its Class A and Class B common stock. The dividend will be payable on April 1, 2020 to stockholders of record at the close of business on March 16, 2020.
ViacomCBS Inc. (NASDAQ: VIAC; VIACA) today announced that Bob Bakish, President and Chief Executive Officer, will participate in a question and answer session during the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA on Wednesday, March 4, 2020 at 8:00 a.m. PT, 11:00 a.m. ET.
ViacomCBS Inc. (NASDAQ: VIACA, VIAC) ("ViacomCBS") today announced that George Cheeks has been appointed President and CEO of CBS Entertainment Group, effective March 23, 2020. He succeeds Joe Ianniello, Chairman and CEO of CBS, who will be leaving the Company. Ianniello will work with the Company to ensure a smooth transition.