Netflix LOGS 1 Billion Viewing Hours Per Month and 4 Media Titans Making Waves

AOL, Inc.‘s (NYSE:AOL) price target has been raised by Needham, which cites the company’s presumption of higher earnings in Q2 and FY12. The firm restates its Buy rating on the stock. Shares of AOL traded down 0.14% ($0.04) lately at $28.67.

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Netflix, Inc. (NASDAQ:NFLX) is coming back following its CEO’s announcement that the company’s subscribers viewed 1B hours of TV shows and movies on the service in June, Reuters reports. But not all analysts think the increase in viewing hours will mean higher profits for Netflix. Shares of the company traded up $9.92 (13.78%) recently at $81.65.

Walt Disney Co. (NYSE:DIS) got good feedback from Needham & Company, which reiterated its Hold rating on the entertainment company but raised its fiscal third quarter and full-year estimates. An analyst at the firm stated, “We are fine-tuning and raising our estimates for DIS’s 3Q12. We now expect DIS will report revenue of $11.269B (up 6% y/y, and 1% above our previous estimates), Segment Operating Income of $2.976B (up 9% y/y, and 3% above our previous estimates), and Operating EPS of $0.92 (up 18% y/y and 3% above our previous estimates).”

Comcast Corporation (NASDAQ:CMCSA) reports that it is developing “war game” scenarios to get ready for potential hacker attacks on NBC’s online streaming of the coming Summer Olympic Games. Google is part of the planning after programming and content related to the Beijing Olympics in 2008 were subject to some of the most hackings in history. NBC hopes the coming Games will notably increase consumer awareness of sports broadcasting streaming options.

Dish Network Corp. (NASDAQ:DISH): A Manhattan federal judge will determine where Dish’s legal war with major television broadcasters regarding ad-skipping ought to be heard—in New York or Los Angeles, according to Wall Street Journal reports. The venue is considered quite important, and to have an impact on which side wins. Dish’s defense is somewhat based on a 2008 legal precedent set in New York federal court. Shares of Dish traded down $0.33 (1.14%) recently at $28.52.

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