Straits Times Index
3,322.62 +14.72 (+0.45%) S&P 500
5,268.69 -38.32 (-0.72%) Dow
39,060.02 -611.02 (-1.54%) Nasdaq
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67,082.66 -2,504.45 (-3.60%) CMC Crypto 200
1,463.93 -38.73 (-2.58%)
DIS Mar 2025 75.000 call
- Yahoo Finance Video
Why investors should jump on Atlanta Braves' 'trophy value'
On today's Good Buy or Goodbye segment, Gabelli Funds co-CIO Chris Marangi joins host Julie Hyman to navigate the best stock picks for investors in the sports media sector. Marangi names Atlanta Braves Holdings (BATRK) as a stock to buy, highlighting the "very few opportunities to own sports assets in the public market." Furthermore, he highlights that the stock is currently trading at a discount to its private market valuation, presenting a good entry point for investors. Marangi also commends the company's strategic positioning, stating that it has "positioned it for a sale to capture that trophy value." On the other hand, Marangi advises investors to avoid investing in the Walt Disney Company (DIS). Despite its iconic status, he acknowledges that the media giant is "still not immune to the forces impacting the media industry." With the rapid rise of streaming platforms, Marangi believes that Disney's future earnings potential may be hindered. Additionally, Marangi cites "moderating demand" in Disney's amusement parks as a concerning factor, attributing it to consumers' heightened economic sensitivity. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Reuters
Reliance, Disney seek India antitrust nod with cricket rights assurance, sources say
Reliance Industries and Walt Disney have sought antitrust clearance for their $8.5 billion India media merger by arguing their combined power, especially on cricket broadcasting, will not hit advertisers, two people with direct knowledge told Reuters. The deal, announced in February, has been expected by experts to face intense scrutiny as it will create India's biggest entertainment player with 120 TV channels and two streaming services. Reliance and Disney have told the Competition Commission of India (CCI) the cricket rights were obtained separately under a bidding process which was competitive, said the two sources, who declined to be named as the approval process is confidential.
- Reuters
Warner Bros Discovery's TNT signs deal with ESPN for College Football Playoff
Walt Disney said on Wednesday TNT will present two-round games for two years and include two quarter-final through 2028 season. TNT will broadcast the sub-licensed College Football Playoff games among additional TNT Sports distribution platforms, Disney said.
