While the prior business model may have been lacking, the new approach deserves a much richer valuation. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 3 Names To Watch, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~\.]{0,62}@(([A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])?)(\.[A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])? (NFLX) and ViacomCBS is an equal opportunity employer (EOE) including disability/vet. Even if the economy snaps back quickly with no lingering impacts, he thinks investors could find other stocks with much more upside during the market recovery. (AMCA) and (DISCA), don’t seem to offer much upside for investors in the Covid-19 aftermath, according to Juenger. In this scenario, he expects ViacomCBS stock to fall to $8 a share in the next 12 months, Discovery to $11, and AMC Networks to $14. The group relies almost “entirely on an old business model with both severe adverse structural forces and cyclical risk, as well as the pre-existing condition of overly extended balance sheets,” he wrote in a Thursday note. Netflix ViacomCBS New Features Include “Kids Mode,” Multiple User Profiles Per Account in Addition to the Service’s Existing Parental PIN Controls New Kids Programming Added to the Service Includes Nearly 800 Episodes of Nick Jr . ViacomCBS stock tumbled from nearly $41 on its first trading day to $36 as of Feb. 19, before dropping more sharply since. Favorites Like “PAW Patrol,” “Blaze and the Monster Machines,” “Blue’s Clues,” “Bubble Read more. By acquiring the new ViacomCBS combined … Shares of ViacomCBS Inc. VIAC, +2.50%, Discovery Communications Inc. DISCA, +1.44%, and iHeartMedia Inc. IHRT, +0.38% are falling in Friday morning trading after Bank of … While the prior business model may have been lacking, the new approach deserves a much richer valuation. ViacomCBS will leverage AWS’s industry-leading infrastructure and comprehensive cloud capabilities, including serverless, containers, databases, media services, analytics, and machine learning, to build a cloud-based broadcast and media supply chain operating model. As part of the deal, National Amusements will have a revolving facility of $125 million to fund operations of its theater business, but is giving up access to a $75 million credit line, the Journal reported. 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ViacomCBS is the result of a merger between CBS and Viacom last December. + ViacomCBS Class B's Revenues in 2017 $26.5 billion = TOTAL Revenues in 2020 $26.5 billion Below we discuss ViacomCBS Class B's business model, followed by sections that review past performance as well as expectations for ViacomCBS Class B's revenue drivers for 2020 and 2021, along with competitive comparisons with peers Walt Disney and Comcast Amid the social unrest over the killing of George Floyd in Minneapolis, ViacomCBS decided it could no longer be in business with Big Fish. JOB TYPE : Full-Time Staff. Marketing Technology News: Deck Commerce Launches Order … The maker of the leading streaming-media player has taken up brash negotiating tactics over its terms to carry services like WarnerMedia’s HBO Max and NBCUniversal’s Peacock. The selloff came following a report by The Wall Street Journal that ViacomCBS’s parent, National Amusements, has restructured its credit facilities with lenders to avoid selling ViacomCBS stock to meet its debt payments. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. Deep understanding of the ad supported video streaming business model and the content ecosystem. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, … Advanced Excel and PowerPoint Skills . Yes! On average, analysts’ target price for ViacomCBS stock sits at $34, higher even than Juenger’s previous projection. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? The recent economic disruptions caused by the coronavirus have only added to the headwinds on earnings, while the unknown effects of the pandemic—including the possibility of a recession—have more than halved the stock’s valuation. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. ViacomCBS is one of the world’s leading producers of premium entertainment content that connects billions of people in nearly every country in the world. The company's main assets include the Paramount Pictures film and television studio, CBS … ViacomCBS CFO Naveen Chopra is ready to dial up the heat on streaming foes Netflix, Disney, Amazon and AT&T-owned Warner Bros. Chopra — the … The S&P 500 has lost 22% during the same period. ViacomCBS Unveils Post-COVID Work Model: 70% of Staff to Split Time Between Home and Office (EXCLUSIVE) Assets are … AMC Networks According to FactSet, 12 of 24 analysts who cover the company rate the stock at Buy or equivalent, while another 10 have Hold ratings. Earnings would be hit hard because of an increase in cord-cutting and a prolonged drop in TV advertising demand, which, according to Juenger, might not recover. For the best Barrons.com experience, please update to a modern browser. The company is carrying an excess of debt, but its liquidity position is adequate. stock was one of the worst performers in the Since Feb. 19, shares in the media giant have shed nearly two thirds of their value to $13.99 a share on Thursday. To be sure, Juenger is just one of two analysts who cover ViacomCBS and rate the shares at Underperform or Sell. The selloff came following a report by The Wall Street Journal that ViacomCBS’s parent, National Amusements, has restructured its credit facilities with lenders to avoid selling ViacomCBS stock (ticker: VIAC) to meet its debt payments. ViacomCBS is undergoing a significant pivot in its business model, staking a large portion of the company's future value on its ability to vertically integrate into content distribution. That overhead traditionally was supported by a business model through which producers could recoup their upfront costs in success — the longer term that success, the better.” Write to Evie Liu at evie.liu@barrons.com. Price-to-forward earnings ratio has shrunk from 5.9 times on Feb. 19 to 2.5 times this week. JOB LOCATION: New York, NY. When NBCUniversal first explained Peacock early this year, advertising was a key component of the business model. Comments. ViacomCBS CFO Naveen Chopra is ready to dial up the heat on streaming foes Netflix, Disney, Amazon and AT&T-owned Warner Bros. Chopra — the former interim CEO of Spotify rival Pandora and more recently the CFO of Amazon’s devices business — joined ViacomCBS in August.The mission for the seasoned veteran: use his vast media experience to expand Viacom’s presence in streaming so it … Investors didn’t seem convinced that the merger would address the industry’s underlying challenges. ViacomCBS Inc. is an American diversified multinational mass media conglomerate and formed through the merger of the second incarnation of CBS Corporation and the second incarnation of Viacom on December 4, 2019, which were split from the first incarnation of Viacom in 2006. Following the merger of CBS and Viacom announced earlier this year, the combined company today confirmed its plans to restructure its content and digital leadership teams in … ViacomCBS’ 2021 Showcase is going virtual this year — and they have set the producing team for the annual event that highlights diverse talent in the industry. Earnings would be hit hard because of an increase in cord-cutting and a prolonged drop in TV advertising demand, which, according to Juenger, might not recover. 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