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MarketScreener Homepage  >  Equities  >  Nyse  >  Verizon Communications    VZ

VERIZON COMMUNICATIONS

(VZ)
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Verizon Communications : Yahoo Sports and NBA to Bring Virtual Reality Experience to Fans

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07/30/2020 | 01:02pm EDT

By Stephen Nakrosis

The National Basketball Association and Yahoo Sports on Thursday said they were joining forces with media company RYOT to produce league games in virtual reality.

The companies said the games would be viewable through Oculus devices, adding "more than a dozen live NBA League Pass games will be distributed in VR via Oculus Venues on Oculus Quest and Oculus Go headsets beginning Friday, July 31 through Friday, Aug. 14."

Yahoo and the NBA also said "The relationship will also allow Yahoo Sports to engage fans through fantasy and sports betting in unprecedented ways, including the right to create sports betting content and expanding Yahoo Sports' existing distribution of NBA League Pass."

Bill Koenig, NBA president, Global Content & Media Distribution, said "As the NBA Restart tips off this week, our expanded relationship with Yahoo Sports will offer a variety of unique ways for fans to engage with the NBA," and added "With everything from fantasy games, sports betting integrations, gaming-focused content and NBA games in VR, there will be no shortage of opportunities to get closer to the game."

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

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Financials (USD)
Sales 2020 128 B - -
Net income 2020 18 742 M - -
Net Debt 2020 105 B - -
P/E ratio 2020 13,2x
Yield 2020 4,18%
Capitalization 246 B 246 B -
EV / Sales 2020 2,74x
EV / Sales 2021 2,63x
Nbr of Employees 135 300
Free-Float 93,1%
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Technical analysis trends VERIZON COMMUNICATIONS
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 61,41 $
Last Close Price 59,36 $
Spread / Highest target 17,9%
Spread / Average Target 3,45%
Spread / Lowest Target -9,03%
EPS Revisions
Managers
NameTitle
Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Technology Officer & Executive VP
Clarence Otis Lead Independent Director
Melanie Liddle Healey Independent Director
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