In November Hulu announced that the price for their Live TV service was going up to $65 per month. The maker of the leading streaming-media player has taken up brash negotiating tactics over its terms to carry services like WarnerMedia’s HBO Max and NBCUniversal’s Peacock. On average, analysts’ target price for ViacomCBS stock sits at $34, higher even than Juenger’s previous projection. Tess Paras will executive… ViacomCBS Sinks. PDF Version. ViacomCBS has the making of a contrarian bargain hunting investment potential -- on the surface. What's the path forward for ViacomCBS after media mogul ... but several have recently come around on the strategy of placing bets across business models. ViacomCBS Networks had ... “It’s a really exciting time for ViacomCBS, and we look forward to working closely together as they evolve their business model around the world.” Viacom acquired Channel 5 from Northern & Shell in 2014. ViacomCBS CFO Naveen Chopra is ready to dial up the heat on streaming foes Netflix, Disney, Amazon and AT&T-owned Warner Bros. Chopra — the … The deal was a response to the rapidly changing media-and-entertainment industry, where users have been ditching cable and satellite-TV bundles in favor of on-demand online streaming services such as stock was one of the worst performers in the #LI-JR1. “ViacomCBS will ultimately need to decide whether it’s in the network TV business, the OTT D2C video business, or the content supplier business. 'An Old Business Model' Doesn't Offer Much Upside. ViacomCBS is undergoing a significant pivot in its business model, staking a large portion of the company's future value on its ability to vertically integrate into content distribution. (AMCA) and The article also didn’t make clear that Bernstein’s Todd Juenger was in the minority in being a bear on ViacomCBS. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Stocks in the media industry, including ViacomCBS, AMC Networks (AMCA) and Discovery (DISCA), don’t seem to offer much upside for investors in the Covid-19 aftermath, according to Juenger. The group relies almost “entirely on an old business model with both severe adverse structural forces and cyclical risk, as well as the pre-existing condition of overly extended balance sheets,” he wrote in a Thursday note. By acquiring the new ViacomCBS combined … That’s bad even amid the coronavirus-triggered market selloff. WE ARE ViacomCBS. The deal was a response to the rapidly changing media-and-entertainment industry, where users have been ditching cable and satellite-TV bundles in favor of on-demand online streaming services such as Netflix (NFLX) and Amazon.com’s (AMZN) Prime Video. Earnings would be hit hard because of an increase in cord-cutting and a prolonged drop in TV advertising demand, which, according to Juenger, might not recover. Amid the social unrest over the killing of George Floyd in Minneapolis, ViacomCBS decided it could no longer be in business with Big Fish. ViacomCBS stock was one of the worst performers in the S&P 500 on Thursday, tumbling 5. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. ViacomCBS Networks International has appointed Wavemaker as its global media agency of record, effective February 1, 2021. This copy is for your personal, non-commercial use only. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The selloff came following a report by The Wall Street Journal that ViacomCBS’s parent, National Amusements, has restructured its credit facilities with lenders to avoid selling ViacomCBS stock (ticker: VIAC) to meet its debt payments. ViacomCBS CFO Naveen Chopra is ready to dial up the heat on streaming foes Netflix, Disney, Amazon and AT&T-owned Warner Bros. Chopra — the former interim CEO of Spotify rival Pandora and more recently the CFO of Amazon’s devices business — joined ViacomCBS in August.The mission for the seasoned veteran: use his vast media experience to … During the … “ViacomCBS will ultimately need to decide whether it’s in the network TV business, the OTT D2C video business, or the content supplier business. In a slightly less bearish scenario, Juenger expects ViacomCBS stock to trade at $12, Discovery at $19, and AMC Networks at $28. AMC Networks Inc. hired Christina Spade, the former finance chief of ViacomCBS Inc., to lead its finances through the coronavirus pandemic and help grow its streaming business. ViacomCBS’ businesses include CBS television, CBS News, Showtime, Comedy Central, MTV, Nickelodeon and the Paramount movie studio. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Write to Evie Liu at evie.liu@barrons.com. ViacomCBS reported a revenue loss of 3 per cent since its media merger in December, while at the same time announcing that it was creating a new streaming service to … At ViacomCBS, the spirit of inclusion feeds into everything that we do, on-screen and off. Redstone is the New York-based company’s non-executive chairman. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. 3 Names To Watch, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~\.]{0,62}@(([A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])?)(\.[A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])? nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? ViacomCBS Senior Analyst, Business Development in West Hollywood, California About The Brand Pluto TV, a ViacomCBS company, is the leading free streaming television service in America, delivering 250+ live and original channels and thousands of on-demand movies in partnership with major TV networks, movie studios, publishers, and digital media companies. ViacomCBS Decides to License Content to Rival Peacock: 3 Takeaways The partnership seems a bit surprising, until you look at how these two competitors differ. Following the merger of CBS and Viacom announced earlier this year, the combined company today confirmed its plans to restructure its content and digital leadership teams in … The deal may have removed some uncertainties around National Amusements’s financials, as its key revenue drivers—movie theaters, film openings, and live sports broadcasts from the CBS network—have come to a halt because of the Covid-19 pandemic. It … The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Barron's is a leading source of financial news, providing in-depth analysis and commentary on stocks, investments and how markets are moving across the world. Advanced Excel and PowerPoint Skills . ViacomCBS has one of the best content libraries in the business. ViacomCBS’ 2021 Showcase is going virtual this year — and they have set the producing team for the annual event that highlights diverse talent … A business model, in a nutshell, is how a firm should do business and, therefore, one of the fundamental strategic issues a firm faces. For the best Barrons.com experience, please update to a modern browser. Yes! (DISCA), don’t seem to offer much upside for investors in the Covid-19 aftermath, according to Juenger. S&P 500 While its third-quarter results did show rapid streaming subscriber growth, they also underlined how much of ViacomCBS’ fortunes remain tied to legacy TV and movie business models. ViacomCBS CFO Naveen Chopra is ready to dial up the heat on streaming foes Netflix, Disney, Amazon and AT&T-owned Warner Bros. Chopra — the former interim CEO of Spotify rival Pandora and more recently the CFO of Amazon’s devices business — joined ViacomCBS in August.The mission for the seasoned veteran: use his vast media experience to expand Viacom’s presence in streaming so it … Photograph by Tiffany Hagler-Geard/Bloomberg, restructured its credit facilities with lenders. Assets are … ABOUT US: ViacomCBS is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. ViacomCBS is an equal opportunity employer (EOE) including disability/vet. Native Americans sue Trump administration over Arizona copper project, German Green Chief Hails Biden's Planned Return to Paris Accord, #TradeTalks: A form of volatility control that monitors and reacts intraday to market volatility, WEF Sees Disease, Climate as Top Global Risks for 2021, Investing Strategies: Sunrun CFO On Solar Growth, VanEck CEO On Bitcoin Boom, Accenture On CES Themes, Top Cannabis Stocks To Watch For January 2021, Looking For SPAC Stocks To Buy In 2021? ViacomCBS Sinks. ViacomCBS stock tumbled from nearly $41 on its first trading day to $36 as of Feb. 19, before dropping more sharply since. (NFLX) and ViacomCBS TECH is continuing to align our employee technology teams to amplify our focus on end user experience and unify the support model for many of ViacomCBS’s end user and enterprise applications. The recent economic disruptions caused by the coronavirus have only added to the headwinds on earnings, while the unknown effects of the pandemic—including the possibility of a recession—have more than halved the stock’s valuation. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. ViacomCBS Following the amendment in the credit agreement, National Amusements will have a revolving facility of $125 million—in addition to its substantial cash reserves—to fund operations of its theater business. Every weekday evening we highlight the consequential market news of the day and explain what's likely to matter tomorrow. While the prior business model may have been lacking, the new approach deserves a much richer valuation. ViacomCBS delivers premium content to audiences across traditional and emerging platforms worldwide. + ViacomCBS Class B's Revenues in 2017 $26.5 billion = TOTAL Revenues in 2020 $26.5 billion Below we discuss ViacomCBS Class B's business model, followed by sections that review past performance as well as expectations for ViacomCBS Class B's revenue drivers for 2020 and 2021, along with competitive comparisons with peers Walt Disney and Comcast That overhead traditionally was supported by a business model through which producers could recoup their upfront costs in success — the longer term that success, the better.” ViacomCBS’ 2021 Showcase is going virtual this year — and they have set the producing team for the annual event that highlights diverse talent in the industry. Still, investors were spooked on Thursday as Bernstein analyst Todd Juenger slashed his price target on ViacomCBS shares to $10 from $24. Comments. https://www.barrons.com/articles/viacomcbs-stock-upside-old-business-model-covid-19-media-movie-theaters-51585254628. The original version of this article incorrectly said that National Amusements might have been forced to sell ViacomCBS stock to meet debt payments. This article may contain an excessive amount of intricate detail that may interest only a particular audience. Develop analytical requirements to frame business problems, working with key partners across ViacomCBS business and commercial units. Deep understanding of the ad supported video streaming business model and the content ecosystem. ViacomCBS Unveils Post-COVID Work Model: 70% of Staff to Split Time Between Home and Office (EXCLUSIVE) But the company is reportedly giving up access to a $75 million credit line, according to a Wall Street Journal report, citing people familiar with the matter. (August 2017) (Learn how and when to remove this template message)(Learn how and when to remove this template message) Investors didn’t seem convinced that the merger would address the industry’s underlying challenges. While the prior business model may have been lacking, the new approach deserves a much richer valuation. The selloff came following a report by The Wall Street Journal that ViacomCBS’s parent, National Amusements, has restructured its credit facilities with lenders to avoid selling ViacomCBS stock to meet its debt payments. ViacomCBS did not reveal the financial terms of this deal with Hulu. Statement from Bob Bakish, President & CEO CBS BUSINESS UNIT: ViacomCBS. When NBCUniversal first explained Peacock early this year, advertising was a key component of the business model. © 2021, Nasdaq, Inc. All Rights Reserved. Even if the economy snaps back quickly with no lingering impacts, he thinks investors could find other stocks with much more upside during the market recovery. Price-to-forward earnings ratio has shrunk from 5.9 times on Feb. 19 to 2.5 times this week. on Thursday, tumbling 5.1% while the broader index rallied 6.2%. ViacomCBS is now the second largest producer of content, second only to Netflix. Create your Watchlist to save your favorite quotes on Nasdaq.com. AMC Networks Inc. hired Christina Spade, the former finance chief of ViacomCBS Inc., to lead its finances through the coronavirus pandemic and help grow its streaming business. Q&A: How ViacomCBS cut Zoom costs, not jobs, during the pandemic While other companies were cutting jobs to save the bottom line in 2020, media conglomerate ViacomCBS … That’s bad even amid the coronavirus-triggered market selloff. Amazon.com’s (AMZN) Prime Video. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. ViacomCBS stock was one of the worst performers in the S&P 500 on Thursday, tumbling 5.1% while the broader index rallied 6.2%. Work collaboratively with data science teams to set business analysis priorities and partner with them to develop the efficient modeling approach to address them. ViacomCBS is one of the world’s leading producers of premium entertainment content that connects billions of people in nearly every country in the world. In a slightly less bearish scenario, Juenger expects ViacomCBS stock to trade at $12, Discovery at $19, and AMC Networks at $28. The newly formed company has committed $13 billion to content production over the next year. Marketing Technology News: Deck Commerce Launches Order … Since Feb. 19, shares in the media giant have shed nearly two thirds of their value to $13.99 a share on Thursday. ViacomCBS' Entertainment and Youth Group is leaning into its shift away from cable brands and into content. ViacomCBS is undergoing a significant pivot in its business model, staking a large portion of the company's future value on its ability to vertically integrate into content distribution. The group relies almost “entirely on an old business model with both severe adverse structural forces and cyclical risk, as well as the pre-existing condition of overly extended balance sheets,” he wrote in a Thursday note. The contemporary Netflix business model focuses on content creation and ownership, Wilson explained. Director, Global Business Operations Analysis will play a pivotal role in conducting business planning and analyses as directed by ViacomCBS’ GMO leadership. We've detected you are on Internet Explorer. New Features Include “Kids Mode,” Multiple User Profiles Per Account in Addition to the Service’s Existing Parental PIN Controls New Kids Programming Added to the Service Includes Nearly 800 Episodes of Nick Jr . ViacomCBS CFO Naveen Chopra joined Yahoo Finance's Brian Sozzi to discuss ViacomCBS's pivot to streaming content and how the model for … In this scenario, he expects ViacomCBS stock to fall to $8 a share in the next 12 months, Discovery to $11, and AMC Networks to $14. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. According to FactSet, 12 of 24 analysts who cover the company rate the stock at Buy or equivalent, while another 10 have Hold ratings. ... the deal doubles down on a business model that has been in decline for a decade. ViacomCBS stock was one of the worst performers in the S&P 500 on Thursday, tumbling 5. It’s a really exciting time for ViacomCBS, and we look forward to working closely together as they evolve their business model around the world.” ViacomCBS is an equal opportunity employer (EOE) including disability/vet. Earnings would be hit hard because of an increase in cord-cutting and a prolonged drop in TV advertising demand, which, according to Juenger, might not recover. Adding the Viacom network business to Paramount Studios is testament to the great work we currently do and the strength of the relationship. Set business analysis priorities and partner with them to develop the efficient modeling approach to address them quotes. Activity for your personal, non-commercial use only help by spinning off or relocating any relevant information, and analysts. Copies for distribution to your colleagues, clients or customers visit http //www.djreprints.com... Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com that Bernstein ’ s bad even amid the market. 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