moody's CBS Moonves

Cablefax’s weekly breakdown of percentage gains and losses among media and telecom stocks found Netflix to be one of the biggest losers last week, closing at $98.79, a 16.05% decline from last week. There were plenty of OTT announcements from Netflix’s competitors that likely influenced its decline. Hulu announced an ad-free subscription service for $11.99/month and it also cut a deal to stream EPIX programming after Netflix opted out. Apple TV’s next-gen upgrade is coming this week and Amazon has begun allowing its Prime subs download programs.

Top winners included Cablevision ($27.44, a 15.59% increase), Crown Media Holdings, Inc. ($5.23, up 14.69%) and SeaChange ($6.39, up 8.31%). The latter reported earnings on Thursday that showed a 51% rise in next-gen product revenue—despite a decline in share price of more than 23% in the last 6 months.

Top Stock Price Winners in Cablefax Stockchart for Week of Sept 8
Cablevision – closed Friday at 27.44, +15.59%
Crown – closed Friday at 5.23, +14.69%
SeaChange – closed Friday at 6.39, +8.31%
ADDvantage – closed Friday at 2.38, +6.25%

Stock Price Losers in Cablefax Stockchart for Week of Sept 8
Netflix – closed Friday at 98.79, -16.05%
Amphenol – closed Friday at 50.75, -8.67%
Rentrak – closed Friday at 43.43, -7.26%
CBS – closed Friday at 42.92, -6.27%
Media General – closed Friday at 11.15%, -5.83%

The Daily

Subscribe

ViacomCBS Prepares New Pluto for Nordics

ViacomCBS Networks International and Nordic Entertainment Group are partnering to launch a new Pluto TV service across Sweden, Denmark and Norway in 2022. The AVOD platform will be similar

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Dec 3
Cablefax Program Awards Call for Entries
Dec 7
Most Powerful Women Celebration Register to Join Us in NYC to Celebrate!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.