Arbitrage
2021-03-01
Disney
Disney, Netflix bask in the limelight at 2021 Golden Globes
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The two studios won 15 of the prizes handed by the Hollywood Foreign Press Association in a broadcast hosted by Tina Fey and Amy Poehler. Things were also a little different this year as presenters and winners appeared remotely due to the COVID-19 pandemic.Outlook: In its most recent earnings call, Netflix also revealed that it had surpassed 200M global subscribers for the first time","content":"<p>Keep an eye on shares of Disney(NYSE:DIS) and <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> this morning, which emerged as the top winners atthe Golden Globes. The two studios won 15 of the prizes handed by the Hollywood Foreign Press Association in a broadcast hosted by Tina Fey and Amy Poehler. Things were also a little different this year as presenters and winners appeared remotely due to the COVID-19 pandemic.</p><p><i>Awards?</i>Disneyscoredtop accolade of Best Motion Picture (Drama) for<i>Nomadland</i>, while Netflix dominated television with hits like<i>The Crown</i>and<i>Queen's Gambit</i>. Other streaming services also picked up key honors.<i>Borat Subsequent Moviefilm</i>from Amazon Studios(NASDAQ:AMZN)was named best Picture, Musical or Comedy, and star Sacha Baron Cohen won best actor in a comedy. Daniel Kaluuya meanwhile notched Best Supporting Actor for his work in Warner Bros.'(NYSE:T)<i>Judas and the Black Messiah</i>(also streaming on HBO Max), while<i>Schitt's Creek</i>captured the award for Best TV Series, Comedy or Musical.</p><p>The supremacy of streaming services vs. traditional studios doesn't come as a surprise. Over the last year, many theater chains have been shuttered, while the biggest new films have been delayed or put online. Disney+ has gained an explosive 86M subscribers within a year and now expects 230M-260M on its flagship streaming service by 2024. It also temporarily halted its dividend last year following calls from activist Dan Loeb to plunge that cash into original content, as it centers its operations around streaming.</p><p><b>Outlook:</b> In its most recent earnings call, Netflix also revealed that it had surpassed 200M global subscribers for the first time after topping 100M subs in 2017. The streamer additionally detailed plans to be cash flow positive after 2021 and said would no longer need to tap debt markets to fund its programming (it has borrowed $15B to produce original content over the past decade). Netflix is considering share buybacks as well, a practice it hasn't done since 2011, which was thelast time the company was cash flow positive.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Disney, Netflix bask in the limelight at 2021 Golden Globes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDisney, Netflix bask in the limelight at 2021 Golden Globes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-01 17:39 GMT+8 <a href=https://seekingalpha.com/news/3667424-disney-netflix-bask-in-the-limelight-at-2021-golden-globes><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Keep an eye on shares of Disney(NYSE:DIS) and Netflix this morning, which emerged as the top winners atthe Golden Globes. The two studios won 15 of the prizes handed by the Hollywood Foreign Press ...</p>\n\n<a href=\"https://seekingalpha.com/news/3667424-disney-netflix-bask-in-the-limelight-at-2021-golden-globes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3667424-disney-netflix-bask-in-the-limelight-at-2021-golden-globes","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1173469350","content_text":"Keep an eye on shares of Disney(NYSE:DIS) and Netflix this morning, which emerged as the top winners atthe Golden Globes. The two studios won 15 of the prizes handed by the Hollywood Foreign Press Association in a broadcast hosted by Tina Fey and Amy Poehler. Things were also a little different this year as presenters and winners appeared remotely due to the COVID-19 pandemic.Awards?Disneyscoredtop accolade of Best Motion Picture (Drama) forNomadland, while Netflix dominated television with hits likeThe CrownandQueen's Gambit. Other streaming services also picked up key honors.Borat Subsequent Moviefilmfrom Amazon Studios(NASDAQ:AMZN)was named best Picture, Musical or Comedy, and star Sacha Baron Cohen won best actor in a comedy. Daniel Kaluuya meanwhile notched Best Supporting Actor for his work in Warner Bros.'(NYSE:T)Judas and the Black Messiah(also streaming on HBO Max), whileSchitt's Creekcaptured the award for Best TV Series, Comedy or Musical.The supremacy of streaming services vs. traditional studios doesn't come as a surprise. Over the last year, many theater chains have been shuttered, while the biggest new films have been delayed or put online. Disney+ has gained an explosive 86M subscribers within a year and now expects 230M-260M on its flagship streaming service by 2024. It also temporarily halted its dividend last year following calls from activist Dan Loeb to plunge that cash into original content, as it centers its operations around streaming.Outlook: In its most recent earnings call, Netflix also revealed that it had surpassed 200M global subscribers for the first time after topping 100M subs in 2017. The streamer additionally detailed plans to be cash flow positive after 2021 and said would no longer need to tap debt markets to fund its programming (it has borrowed $15B to produce original content over the past decade). Netflix is considering share buybacks as well, a practice it hasn't done since 2011, which was thelast time the company was cash flow positive.","news_type":1},"isVote":1,"tweetType":1,"viewCount":204,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["DIS"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/362385223"}
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