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 stock tumbled from nearly $41 on its first trading day to $36 as of Feb. 19, before dropping more sharply since. Every weekday evening we highlight the consequential market news of the day and explain what's likely to matter tomorrow. 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. According to FactSet, 12 of 24 analysts who cover the company rate the stock at Buy or equivalent, while another 10 have Hold ratings. While the prior business model may have been lacking, the new approach deserves a much richer valuation. It … Since Feb. 19, shares in the media giant have shed nearly two thirds of their value to $13.99 a share on Thursday. 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 Location*Please select…United StatesAfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, the Democratic Republic of theCook IslandsCosta RicaCôte d'IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, the former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States ofMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian Territory, OccupiedPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet NamVirgin Islands (British)Virgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabwe. https://www.barrons.com/articles/viacomcbs-stock-upside-old-business-model-covid-19-media-movie-theaters-51585254628. ViacomCBS’ businesses include CBS television, CBS News, Showtime, Comedy Central, MTV, Nickelodeon and the Paramount movie studio. Netflix (August 2017) (Learn how and when to remove this template message)(Learn how and when to remove this template message) Discovery The US media conglomerate reunited with CBS Corporation last year, having been split into separate companies in 2006. The S&P 500 has lost 22% during the same period. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. By acquiring the new ViacomCBS combined … Netflix’s middleman streaming business model between customers and media content assets will not cut it anymore. #LI-JR1. 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. ViacomCBS Unveils Post-COVID Work Model: 70% of Staff to Split Time Between Home and Office (EXCLUSIVE) 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 newly formed company has committed $13 billion to content production over the next year. 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. #LI-JR1. 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 contemporary Netflix business model focuses on content creation and ownership, Wilson explained. Statement from Bob Bakish, President & CEO The company is carrying an excess of debt, but its liquidity position is adequate. An error has occurred, please try again later. 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. 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. The company's main assets include the Paramount Pictures film and television studio, CBS … 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. Director, Global Business Operations Analysis will play a pivotal role in conducting business planning and analyses as directed by ViacomCBS’ GMO leadership. 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 is an equal opportunity employer (EOE) including disability/vet. PDF Version. The S&P 500 has lost 24% during the same period. 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. In the event of prolonged Covizd-19 disruptions or a lingering recession, media stocks would be facing even more significant downside, Juenger said. 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 to meet its debt payments. 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. Amazon.com’s )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i

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