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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Sony Corporation    6758   JP3435000009

SONY CORPORATION

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Viacom buys exclusive cable rights to "Seinfeld" from Sony

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09/21/2019 | 10:32pm EDT

(Reuters) - Viacom Inc said on Saturday it has bought the exclusive cable rights to classic television sitcom "Seinfeld" from Sony Pictures Television, days after Netflix Inc landed the global streaming rights for the show.

"Beginning in October 2021, the full library of Seinfeld episodes will air amongst Viacom's entertainment brands,

including Comedy Central, Paramount Network and TV Land," Viacom said in a statement.

"Seinfeld", a show starring comedian Jerry Seinfeld playing a version of himself and often humorously described as a show about nothing, followed four self-absorbed friends in New York City. It was a hit on the NBC broadcast network in the 1990s.

Sony Corp Sony Pictures Television, which owns the distribution rights to "Seinfeld", reached the deal with Viacom. The terms of the deal were not disclosed.

Netflix and other streaming giants are poised to nab streaming rights for popular TV shows as the battle for streaming viewers intensifies.

(Reporting by Mekhla Raina in Bengaluru; Editing by Robert Birsel)


Stocks mentioned in the article
ChangeLast1st jan.
LAND CO., LTD. 0.00% 9 End-of-day quote.-25.00%
LINE CORPORATION 0.00% 5370 End-of-day quote.0.37%
NETFLIX, INC. -0.01% 530.72 Delayed Quote.64.02%
SONY CORPORATION 2.18% 7769 End-of-day quote.4.97%
THE GLOBAL LTD. 7.39% 218 End-of-day quote.-53.72%
VIACOM INC. 3.20% 24.22 Delayed Quote.0.00%
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Financials
Sales 2021 8 301 B 78 611 M 78 611 M
Net income 2021 534 B 5 057 M 5 057 M
Net cash 2021 2 212 B 20 952 M 20 952 M
P/E ratio 2021 17,8x
Yield 2021 0,63%
Capitalization 9 584 B 90 874 M 90 756 M
EV / Sales 2021 0,89x
EV / Sales 2022 0,80x
Nbr of Employees 111 700
Free-Float 96,7%
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Mean consensus BUY
Number of Analysts 23
Average target price 9 850,00 JPY
Last Close Price 7 769,00 JPY
Spread / Highest target 68,6%
Spread / Average Target 26,8%
Spread / Lowest Target 2,97%
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Managers
NameTitle
Kenichiro Yoshida Co-Chairman, President & Chief Executive Officer
Shuzo Sumi Co-Chairman
Hiroki Totoki Chief Financial Officer, Director & Vice President
Toru Katsumoto Senior Managing Executive Officer, Head-R&D
Makoto Toyoda Chief Information Officer & Executive Officer
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