In recent times, streaming services have flooded viewer TV screens with new programming to attract new subscribers. But those subscribers are not sticking around, according to a new study from Antenna, a market intelligence company. It found that viewers who join a service to watch a new show also leave within a few months, "significantly faster" than the average streaming customer. However, the firm's conclusions about customer habits might be good news for The Walt Disney Company ( DIS ), which has a deep reserve of hit content that will increase customer stickiness to Disney Plus, its streaming platform. Key Takeaways A study by market intelligence firm Antenna found that viewers who sign up for a service to watch a new show also leave much faster than the average streaming customers. The study's results mean that streaming services will have to spend more to ensure a steady stream of content to add new viewers for revenue growth. Disney Plus might be well positioned … [Read more...] about Why Disney Plus Holds an Edge Over Other Streamers
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Disney (DIS) Falls on Guggenheim Downgrade
Shares for The Walt Disney Company ( DIS ) fell by almost 3% after analysts at investment firm Guggenheim Partners downgraded the stock over concerns for the company's future profit growth. Disney, which reports earnings on Feb. 9, closed trading at $155.44 on Jan. 13. As of this writing, the stock is changing hands for $151.13. Key Takeaways Disney stock is falling because it was downgraded to Neutral from Buy by investment firm Guggenheim Partners. The firm cited the threat of new COVID variants disrupting operations and the entertainment behemoth's increased content spend as reasons for its downgrade. Out of 17 analysts covering Disney, 14 have still rated it a Buy for 2022. Why Did Guggenheim Downgrade Disney? Analysts at Guggenheim downgraded Disney stock to Neutral from their earlier Buy rating. They also cut the firm's price target on Disney shares to $165 from $205 due to "broader business pressure." Elements of this pressure include higher wages … [Read more...] about Disney (DIS) Falls on Guggenheim Downgrade
Markets Mixed as Amazon, Snap Fuel Tech, Dow Drops on Rate Worries
U.S. equity markets are mixed following strong earnings from Amazon.com, Inc. ( AMZN ) that lifted the Nasdaq while a blowout jobs report pushed bond yields higher by fueling fears of bigger interest rate hikes by the Federal Reserve. Key Takeaways Tech shares are rising, boosted by Amazon and Snap, as the Nasdaq aims for its first weekly gain this year. A blowout jobs report pushed bond yields higher by fueling fears of bigger interest rate hikes by the Federal Reserve. Crude oil's price surge continued, with the price crossing $93 per barrel. The Nasdaq , helped by Snap Inc. ( SNAP ) and Amazon, is set for its first weekly close higher this year. The S&P 500 is also higher, while the Dow Jones is little changed. The yield on the 10-year Treasury note is skyrocketing nine basis points (BPS) to 1.92% after the Labor Department reported that many more jobs were created in January than expected (more below). That's prompting speculation that … [Read more...] about Markets Mixed as Amazon, Snap Fuel Tech, Dow Drops on Rate Worries
Highway 1 Road Trip: What To Do In Santa Cruz, Cambria And Avila Beach
Share to Twitter Share to Linkedin Highway 1 is arguably one of the best road trips travelers can take in the United States. Along the way you’ll have the blue, and sometimes roaring, Pacific Ocean on one side, and verdant valleys or rugged cliffs on the other. It’s a beautiful contrast that must be experienced at least once in your lifetime, but there’s a very good chance you’ll fall in love with it and make a return visit. For those who haven’t done the route before, Big Sur is everyone’s go-to stop, but along the coast there are several other towns worth visiting. Three of those underrated destinations are Santa Cruz, Cambria, and Avila Beach. For your next vacation, whether you’re traveling with kids or with fellow adults, this trio of beach towns should be on your list. Below, a guide on what to do, where to eat, and where to stay in Santa Cruz, Cambria, and Avila Beach for your next Highway 1 road trip. Santa Cruz The best way to thoroughly enjoy … [Read more...] about Highway 1 Road Trip: What To Do In Santa Cruz, Cambria And Avila Beach