Previous close | 128.75 |
Open | 128.75 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 310.00 |
Expiry date | 2025-01-17 |
Day's range | 128.75 - 128.75 |
Contract range | N/A |
Volume | |
Open interest | N/A |
After 146 days, WGA has reached a tentative deal with Hollywood studios, which is one of the steps need to get film and television production going again. Needham & Co. Senior Analyst Laura Martin explains how strikes could impact the volume of content that streaming services produce. “Wall Street is demanding they.. move to profitability faster,” Martin says. For streamers, this could mean cutting down seasons by filming fewer episodes—“less content spending”, as Martin notes. Martin expects consolidation in the industry, which will help “get rid of duplicative costs.” In regards to smaller streamers, Martin states that due to large competitors such as Amazon (AMZN) and Netflix (NFLX) “there’s no advantage to being small.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A deal would put an end to some of the uncertainty media stocks have been facing amid Hollywood's double strike.
Streaming will transform the video games industry just like Netflix revolutionised television and cinema, according to the head of Ubisoft, after the French company struck a transformational cloud-gaming deal with Microsoft. Ubisoft, the creator of console franchises including Assassin’s Creed and Tom Clancy’s Rainbow Six, last month agreed to acquire streaming rights for Activision Blizzard’s portfolio of games as part of Microsoft’s bid to secure regulators’ approval for its $75bn takeover of Activision. “When Netflix first said it was going to go into streaming, their shares fell a lot and they were widely criticised,” Ubisoft chief executive Yves Guillemot told the Financial Times.