Netflix Dips and 4 Media Titans Make Waves
Netflix, Inc. (NASDAQ:NFLX): On Monday, Netflix Inc. shares dropped below their 200 day moving average of $80.17, meaning that they changed hands as low as $80.07 per share. As of now, Netflix Inc. shares are trading down nearly 0.9 percent on the day.
Coinstar, Inc. (NASDAQ:CSTR): Sirius XM Radio stock rallied after it announced a 12 percent price increase for January of this year. Last month, Coinstar’s Redbox raised the price by 20 percent on its DVD rentals 13 months ago, and the market believed that it was a sign of strength. These rates would not be increased on Sirius XM and Redbox if they felt that it would harm its business, and the satellite radio provider and disc-renting kiosk operator continue to grow their user counts.
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Comcast Corporation (NASDAQ:CMCSA): Comcast’s NBCUniversal is near to reaching a new distribution deal with DirecTV (NASDAQ:DTV), LA Times reports citing those close to the talks. According to the report, not every NBCUniversal channel is part of the deal, possibly be announced today.
News Corp. (NASDAQ:NWSA) Fox Sports will likely sign a TV deal with the Los Angeles Dodgers with a value ranging from $6 billion to $7 billion over 25 years, which is the richest broadcast contract in sports history, according to Deadline Hollywood, reports Bloomberg.
SIRIUS XM Radio Inc. (NASDAQ:SIRI): Today, the company announced that global superstars One Direction are to perform an exclusive acoustic set for SiriusXM listeners as part of SiriusXM’s “Artist Confidential” series. SiriusXM’s “Artist Confidential” with One Direction, scheduled for Friday, December 7, will air on Tuesday, December 25 at 12:00 pm ET on SiriusXM Hits 1, channel 2. The special will be hosted by The Morning Mash Up, which is SiriusXM Hits 1’s morning show, and it will feature One Direction performing acoustic versions of songs from their new album Take Me Home along with songs from their debut album Up All Night. The special is to be rebroadcasted throughout the week.