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In the event of prolonged Covid-19 disruptions or a lingering recession, media stocks would be facing even more significant downside, Juenger said. Write to Evie Liu at evie.liu@barrons.com. #LI-JR1. Nina Hahn, the senior VP of international production and development for Nickelodeon International and head of ViacomCBS International Studios … This copy is for your personal, non-commercial use only. 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’ 2021 Showcase is going virtual this year — and they have set the producing team for the annual event that highlights diverse talent … (NFLX) and ViacomCBS Sinks. ViacomCBS stock was one of the worst performers in the S&P 500 on Thursday, tumbling 5. ViacomCBS’ businesses include CBS television, CBS News, Showtime, Comedy Central, MTV, Nickelodeon and the Paramount movie studio. Stocks in the media industry, including ViacomCBS, Marketing Technology News: Deck Commerce Launches Order … Price-to-forward earnings ratio has shrunk from 5.9 times on Feb. 19 to 2.5 times this week. JOB LOCATION: New York, NY. The selloff came after ViacomCBS’s (ticker: VIAC) controlling shareholder National Amusements said it restructured its credit facilities with lenders. 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. The ViacomCBS Inc. Investor Relations website contains information about ViacomCBS Inc.'s business for stockholders, potential investors, and financial analysts. ViacomCBS Networks International has appointed Wavemaker as its global media agency of record, effective February 1, 2021. “ViacomCBS will ultimately need to decide whether it’s in the network TV business, the OTT D2C video business, or the content supplier business. We've detected you are on Internet Explorer. Deep understanding of the ad supported video streaming business model and the content ecosystem. Yes! 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 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. It … The contemporary Netflix business model focuses on content creation and ownership, Wilson explained. ViacomCBS Unveils Post-COVID Work Model: 70% of Staff to Split Time Between Home and Office (EXCLUSIVE) (August 2017) (Learn how and when to remove this template message)(Learn how and when to remove this template message) 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. ViacomCBS stock tumbled from nearly $41 on its first trading day to $36 as of Feb. 19, before dropping more sharply since. During the … The company is carrying an excess of debt, but its liquidity position is adequate. Adding the Viacom network business to Paramount Studios is testament to the great work we currently do and the strength of the relationship. Every weekday evening we highlight the consequential market news of the day and explain what's likely to matter tomorrow. 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’ 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. ViacomCBS stock tumbled from nearly $41 on its first trading day to $36 as of Feb. 19, before dropping more sharply since. 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. Enter up to 25 symbols separated by spaces. 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 … 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 . In a slightly less bearish scenario, Juenger expects ViacomCBS stock to trade at $12, Discovery at $19, and AMC Networks at $28. The original version of this article incorrectly said that National Amusements might have been forced to sell ViacomCBS stock to meet debt payments. On average, analysts’ target price for ViacomCBS stock sits at $34, higher even than Juenger’s previous projection. Work collaboratively with data science teams to set business analysis priorities and partner with them to develop the efficient modeling approach to address them. 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. + ViacomCBS Class B's Revenues in 2017 $26.5 billion = TOTAL Revenues in 2020 $26.1 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 This copy is for your personal, non-commercial use only. ... the deal doubles down on a business model that has been in decline for a decade. Redstone is the New York-based company’s non-executive chairman. Deep understanding of the ad supported video streaming business model and the content ecosystem. a merger between CBS and Viacom last December. Statement from Bob Bakish, President & CEO The article also didn’t make clear that Bernstein’s Todd Juenger was in the minority in being a bear on ViacomCBS. The US media conglomerate reunited with CBS Corporation last year, having been split into separate companies in 2006. 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. 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. That’s bad even amid the coronavirus-triggered market selloff. #LI-JR1. on Thursday, tumbling 5.1% while the broader index rallied 6.2%. https://www.barrons.com/articles/viacomcbs-stock-upside-old-business-model-covid-19-media-movie-theaters-51585254628. ABOUT US: ViacomCBS is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. ViacomCBS Please help by spinning off or relocating any relevant information, and removing excessive detail that may be against Wikipedia's inclusion policy. 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. Amid the social unrest over the killing of George Floyd in Minneapolis, ViacomCBS decided it could no longer be in business with Big Fish. @/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]\. “ViacomCBS will ultimately need to decide whether it’s in the network TV business, the OTT D2C video business, or the content supplier business. Develop analytical requirements to frame business problems, working with key partners across ViacomCBS business and commercial units. This new role will be responsible for the end to end application experiences of all of ViacomCBS’s diverse end users. 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 … Comments. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, … 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 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 … ViacomCBS Inc. is an American diversified multinational mass media conglomerate and formed through the merger of the second incarnation of CBS Corporation and the second incarnation of Viacom on December 4, 2019, which were split from the first incarnation of Viacom in 2006. ViacomCBS Sinks. 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 … Advanced Excel and PowerPoint Skills . Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 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. Assets are … 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? The company's main assets include the Paramount Pictures film and television studio, CBS … Netflix’s middleman streaming business model between customers and media content assets will not cut it anymore. 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. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. 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 … stock was one of the worst performers in the ViacomCBS has the making of a contrarian bargain hunting investment potential -- on the surface. ViacomCBS delivers premium content to audiences across traditional and emerging platforms worldwide. ViacomCBS is now the second largest producer of content, second only to Netflix. 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.” Advanced Excel and PowerPoint Skills. PDF Version. Since Feb. 19, shares in the media giant have shed nearly two thirds of their value to $13.99 a share on Thursday. To be sure, Juenger is just one of two analysts who cover ViacomCBS and rate the shares at Underperform or Sell. By acquiring the new ViacomCBS combined … )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. 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. ViacomCBS' Entertainment and Youth Group is leaning into its shift away from cable brands and into content. Photograph by Tiffany Hagler-Geard/Bloomberg, restructured its credit facilities with lenders. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Nasdaq Boardvantage Board Portal Software, Do Not Sell My Personal Information (CA Residents Only). The deal wasn’t accepted well by the market at a time when National Amusements’ key revenue drivers—movie theaters, new film releases and live-sports broadcasts from the CBS network—have all come to a halt because of the Covid-10 pandemic. When NBCUniversal first explained Peacock early this year, advertising was a key component of the business model. 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])? 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. This article may contain an excessive amount of intricate detail that may interest only a particular audience. Investors didn’t seem convinced that the merger would address the industry’s underlying challenges. ... ViacomCBS plans to relaunch CBS All Access … On ViacomCBS’ February earnings call, CEO Bob Bakish admitted that Showtime was a “working capital headwind for the company” in 2019, but emphasized that he … 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 Stock Tumbled Because There Isn’t Much Upside for an ‘Old Business Model,’ Says a Bear . ViacomCBS Networks International has appointed Wavemaker as its global media agency of record, effective February 1, 2021. 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. While the prior business model may have been lacking, the new approach deserves a much richer valuation. 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. WE ARE ViacomCBS. In the event of prolonged Covizd-19 disruptions or a lingering recession, media stocks would be facing even more significant downside, Juenger said. 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. A day ahead of the earnings release from streaming giant Netflix Inc (NASDAQ: NFLX), ViacomCBS Inc. (NASDAQ: VIAC) confirmed the launch date of its own streaming service. 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. In November Hulu announced that the price for their Live TV service was going up to $65 per month. Investors were also spooked as Bernstein analyst Todd Juenger cut his price target on ViacomCBS shares to $10 from $24. 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