We are maintaining our wide moat rating and our fair value estimate.
International subscribers boosted growth, but we still think the firm will have to spend heavily over time to fend off competition.
We still see the streamer as significantly overvalued despite better than expected subscriber growth.
The chairman and CEO has departed without severance amid an investigation into allegations of sexual assault and misconduct.
The board is in talks to settle with the Redstone family and ease out CEO Les Moonves.
Delays are inherent in the video game business and in this case create a slight deferral, not loss, of revenue.
As users gravitate to new services, Disney and others could benefit over the long haul.
The media conglomerate continues to drive fee growth at its core brands while expanding the subscriber base of its newer channels.
Revenue fell short of expectations but in line with our projections for the wide-moat firm.
The no-moat firm is seeing a decline in its satellite segment, but is enjoying continued growth at the Sling OTT service.
Even after raising our fair value estimate, we think the market is too optimistic.
Although Comcast may still vie for Sky, we think Disney will close on the Fox deal soon.
We are retaining our narrow moat rating and our fair value estimate for the firm.
We're raising our fair value estimate on the narrow-moat gamemaker based on the projected launch of 'Grand Theft Auto VI.'
While the offer is above Disney's, Disney probably won't need to significantly outbid Comcast if and when it sweetens its all-stock offer with cash.
Comcast's all-cash offer could come as early as today.
We think a reunion of Viacom and CBS is unlikely to occur any time soon after the latest spat.
We're maintaining our moat ratings and fair value estimates on both CBS and Viacom.
Affiliate fee growth remains strong for the wide-moat firm.
The narrow-moat company posted a strong finish to fiscal 2018, driven largely by console gaming.
Comcast previously made a similarly sized offer for the Fox assets, but the Murdoch family preferred the Disney deal due to both regulatory and tax issues.
The narrow-moat firm's investment in the studio business is paying dividends.
We expect the narrow-moat firm to continue to spend on content as it expands its focus there ahead of Disney's arrival.
We are retaining the firm's narrow moat rating and our fair value estimate.
While we still think a deal is slightly more likely than not to occur because of the insistence of Shari Redstone, CBS board members on the special committee have left themselves with a credible path to reject a deal.
CBS reportedly bids under market value for Viacom, and the deal may hinge on management team compensation.
We believe the plan is primarily focused on positioning the direct-to-consumer business under one leader while also providing greater visibility into this growing revenue stream.
We remain encouraged by the momentum in the narrow-moat firm's newer products and expect those products to help offset declining license sales in the legacy compute business.
The narrow-moat company is enjoying success with both its traditional and new distribution channels.
Today’s prices offer an attractive entry point into the wide-moat firm, writes Morningstar’s Neil Macker.
We're raising our fair value estimate on the narrow-moat game-maker due to better than expected leverage on its gross margin line.
The streamer keeps adding customers at a better than expected rate, but potential investors shouldn't overlook the firm's free cash flow losses.
We're raising our fair value estimate to $90 per share, but still see shares as expensive amid projections for accelerating free cash flow burn.
Though they're all richly priced today, these firms stand to benefit from the trend of watching video games, the rise of e-sports, and the increasing use of microtransactions.
Its programming reaches audiences across cultures and languages.
We've raised our economic moat rating and fair value estimate on the video game publisher as it continues to benefit from its expanded portfolio.
The mouse's move to buy Fox's entertainment assets is strategically sound, but the benefits will be offset by the price paid.
The deal is more likely than not to gain regulatory approval, but the acquisition of Fox's regional sports networks by the owner of ESPN could be a sticking point.
The company’s transformation and an improving summer 2018 slate should lead to a bounceback.
In light of the uncertainty arising from a court case, we are lowering our expectation that the merger closes from 75% to 50% and decreasing our fair value for Time Warner.
The firm's slightly weaker than expected quarterly results don't dent our wide moat rating or our fair value estimate.
Reports say that the U.S. Department of Justice has asked AT&T to divest either Turner Networks or DirecTV before approving the merger with Time Warner.
The streamer once again beat on subscribers, but we still don't see value in the shares.
We are raising our fair value estimate for the narrow moat firm.
We are maintaining our wide-moat rating and fair value estimate for the firm.
The wide-moat firm is launching two direct to consumer offerings, and think the stock offers an attractive entry point for investors.
Revenue and EBITDA came in ahead, and we reiterate our narrow moat rating and are raising our fair value estimate.
Both media firms focus on unscripted content, but it is unclear if a combined firm would have more success in being carried on new pay-TV platforms.
Subscriber growth remains strong, but the content investments to attract users are weighing on cash flow.
The streaming giant added more customers than expected, but free cash flow burn continues to accelerate.