Stock Markets
Optimum Announces Extra TV and Everything TV, Two New Video Packages That Provide More Choice, Value and Flexibility, Ushering in a New Era for Optimum TV
Extra TV Features 125+ Channels Offered at $85/Month; Everything TV Features 200+ Channels Offered at $140/Month
NEW YORK–(BUSINESS WIRE)–Optimum is ushering in a new era for Optimum TV with the announcement of Extra TV and Everything TV, two new video packages that provide customers with more choice, flexibility and value when choosing their desired TV content. Launching on November 4, these packages come on the heels of the company’s introduction of Entertainment TV, a low-cost, high-quality internet streaming TV package, earlier this year.
Together, Entertainment TV, Extra TV, and Everything TV make up Optimum’s modern video model, bringing to life the new vision of Optimum TV, which helps break conventional all-or-nothing options to better provide content geared toward customers’ unique and modern viewing preferences.
Now, Optimum customers will be able to choose from TV packages tailored to their taste and family’s needs, add à la carte content for more of what they love, and enjoy their perfect lineup of live TV and apps “ all in one place through Optimum Stream, Optimum’s premier video experience.
- Entertainment TV: Priced at $30/month, Entertainment TV features 80+ top-rated channels, including A&E, AMC, Comedy Central, Discovery (NASDAQ:) Channel, Food Network, Game Show Network, Great American Family, HGTV, Lifetime, Nickelodeon, Paramount Network, TLC, and We TV, available both live and On Demand. With Entertainment TV, customers can watch entertainment, lifestyle and reality TV favorites, plus access award-winning local news content from Optimum’s News 12 service, the preeminent hyperlocal news source across the New York tri-state area, all exclusively on Optimum Stream.
- Extra TV: Priced at $85/month, Extra TV features 125+ top-rated channels, including ABC, Bravo, CBS, CNN, Disney Channel, ESPN, FOX News Channel, NBC, USA Network, and more, both live and On Demand, accessible through Optimum Stream and all other traditional cable boxes. With Extra TV, customers can watch live news and national sports, plus a collection of entertainment channels for the whole family.
- Everything TV: Priced at $140/month, Everything TV features 200+ top-rated channels, including Starz Encore, FX Movie Channel (FXM), and Turner Classic Movies (TCM), as well as action-packed sports channels like NFL Network, YES, SNY, MSG Network, and more, both live and On Demand, accessible through Optimum Stream and all other traditional cable boxes. With Everything TV, customers can view all content found on both Entertainment TV and Extra TV, including live news, entertainment channels, and national sports, with the addition of regional sports content and more for the ultimate TV viewing experience.
Over the last year, we’ve been on a mission to transform Optimum’s TV products and experiences for our customers. From expanding availability of Optimum Stream to introducing new and innovative TV packages that offer options catered to our customers’ unique viewing preferences, this unwavering commitment has led us into a new era for Optimum TV, offering customers even more choice, flexibility and value when choosing their TV content, said Leroy Williams, EVP, Chief Growth and Innovation Officer at Optimum. Recently, we launched the first installment of Optimum’s new video model with Entertainment TV, and now, we are thrilled to introduce Extra TV and Everything TV as two video solutions for customers looking to broaden their channel lineup “ together making a complete portfolio of diversified video packages available through Optimum TV. At Optimum, we remain hyper-focused on putting our customers at the center of everything we do, and we will continue to innovate and evolve our video offerings to ensure we provide the best possible viewing experiences for consumers.
Evolution of the Optimum Stream Experience
The upcoming launch of Extra TV and Everything TV marks the latest additions to the Optimum Stream experience as the company continues to expand the service’s availability in markets across the country. Through Optimum Stream, customers can enjoy a seamless entertainment experience, which brings together live TV alongside access to thousands of other streaming apps available for download through the Google (NASDAQ:) Play Store, all accessible through a customer-friendly interface and compact, sleek device.
Since introducing the Optimum Stream device, the company has been committed to further improving and enhancing the Stream experience by soliciting customer feedback and implementing solutions to increase stability and performance. This month, Optimum simplified the Stream experience to make it more intuitive for customers. With improved navigation, the new Optimum Stream interface now seamlessly integrates the Optimum TV product, including Live TV that customers know and love, with their favorite streaming apps all in one convenient user experience. This allows easy access to customizable settings, DVR, On Demand and more, and is one of many new solutions that the company plans to bring to customers, with additional Stream features and improvements on the horizon.
Optimum Stream remains available to all Optimum Internet customers across the company’s service areas in New York, New Jersey, and Connecticut, and the company is continuing to expand the offering to nearly 1.5 million homes across markets in its West footprint this year, including Arkansas, Arizona, California, Louisiana, Missouri, North Carolina, Oklahoma, Texas, and West Virginia.
Get Total Connectivity with Entertainment TV, Extra TV or Everything TV
Optimum customers can unlock additional savings when bundling Entertainment TV, Extra TV or Everything TV with Optimum Mobile services, available at a variety of service levels and price points to meet the bandwidth and data needs of every consumer. Optimum Internet comes with whole home WiFi coverage with Smart WiFi for seamless streaming, working, gaming, and more, and built-in security, as well as 24/7 tech support. The company’s Optimum Mobile service is delivered over America’s most award-winning 5G network and offers plans starting as low as $15 per month per line.
More information on Extra TV and Everything TV will be available starting November 4, and for those looking for additional information on Entertainment TV or Optimum Stream, new and existing customers can visit optimum.com/tv or call 866.9.OPTIMUM.
About Optimum
Optimum is a brand of Altice USA, one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content, and advertising services to approximately 4.7 million residential and business customers across 21 states. The company operates Optimum Media, an advanced advertising, and data business, which provides audience-based, multiscreen advertising solutions to local, regional, and national businesses and advertising clients. Altice USA also offers hyper-local and international news through its News 12 and i24NEWS networks.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029467451/en/
Media:
Heather Besler
(631) 660-8321
Heather.Besler@alticeusa.com
Erin Smyth
(917) 565-2480
Erin.smyth@alticeusa.com
Source: Altice USA
Stock Markets
Needham initiates coverage on On Holding with buy rating
Investing.com — Needham on Friday initiated its coverage on On Holding AG (NYSE:) with a “buy” rating and a target price of $64.
Brokerage said On has shown industry-leading growth, with impressive revenue increases and healthy margin expansion. The company is likely to keep growing as it increases brand awareness and gains space with top sneaker retailers worldwide.
“We believe the company has a continued runway for strong growth, as they increase brand awareness and gain shelf space with the biggest and best sneaker retailers in the world,” analyst Tom Nikic wrote in the note.
Needham analyst noted that Roger Federer-backed On was valued at 5 times its expected 2025 revenues, which make stock may seem expensive but strong fundamentals could support continued stock momentum.
“Although valuation metrics are lofty, we believe the shares can continue to exhibit momentum as long as fundamentals”
ON is the fastest growing company in Needham’s coverage, with expected 32% revenue growth in 2024. Its Direct-to-Consumer (DTC) growing 43% year-to-date, compared to 24% growth for wholesale sales.
Brokerage highlighted despite this growth, the brand’s awareness is still relatively low. In major markets like the U.S., U.K., France, and Australia, awareness was under 10% a year ago. However, it’s increasing rapidly, with U.S. awareness doubling to around 20%, and tripling in France.
Stock Markets
Toll Brothers Announces Final Opportunity at Verona Estates Community in Chatsworth, California
CHATSWORTH, Calif., Nov. 22, 2024 (GLOBE NEWSWIRE) — Toll Brothers , Inc. (NYSE:), the nation’s leading builder of luxury homes, today announced the final opportunity to own a new home at Verona Estates, an exclusive gated community in Chatsworth, California. Only a few homes remain available for sale in this prestigious community, including the professionally decorated Siena Modern Farmhouse model home.
The intimate gated enclave of Verona Estates is a rare find showcasing award-winning architecture and innovative home designs. Nestled in an established Chatsworth neighborhood south of the Santa Susana Mountains and adjacent to the Vineyards at Porter Ranch, this exceptional community offers a serene and relaxed atmosphere with the convenience of nearby shopping and easy access to freeways, entertainment, and recreation.
Toll Brothers residents in Verona Estates will enjoy distinctive architecture, quality craftsmanship, luxurious home designs with open floor plans, expansive home sites, and proximity to the future 50-acre Porter Ranch community park. Verona Estates offers generous two-story home designs ranging from 4,700 to 6,000+ square feet, with 5 to 6 bedrooms, 4.5 to 6.5 bathrooms, and 3-car garages. The homes also feature popular floor plan options including prep kitchens, guest suites, floating staircases, indoor and outdoor fireplaces, and more. Move-in ready homes in the community are priced from $1,979,995.
We are thrilled to offer the final opportunity to own a home in the exclusive Verona Estates community, said Nick Norvilas, Division President of Toll Brothers in Los Angeles. The Siena model home is a showcase of luxury and design, and we encourage interested home buyers to visit and experience this exceptional home along with the final few quick move-in homes remaining in the community firsthand.
The Siena Modern Farmhouse model home features designer upgrades throughout, including fully landscaped and furnished interiors, offering an unparalleled living experience. The professionally decorated model home is priced at $2,999,995.
For more information, call 844-700-8655 or visit TollBrothers.com/LA. The Sales Center for Verona Estates is located at 20508 Edgewood Court in Chatsworth and is open by appointment only.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 57 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol TOL. The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.
In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World’s Most Admired Companies™ list and the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.
From Fortune, ©2024 Fortune Media IP Limited. All rights reserved. Used under license.
Contact: Andrea Meck | Toll Brothers, Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cbb8cf4a-a018-4df0-955e-3cf4ab63edeb
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
Verona Estates by Toll Brothers
Toll Brothers announced the final opportunity to own a new home at Verona Estates, including the designer-decorated Siena model home, in Chatsworth, California.
Source: Toll Brothers, Inc.
Stock Markets
Northvolt crisis may be make or break for Europe’s EV battery ambitions
By Marie Mannes, Alessandro Parodi and Stine Jacobsen
STOCKHOLM/GDANSK (Reuters) – Northvolt’s financial collapse deals a blow to Europe’s plan to set up its own battery industry to power electric cars, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals.
Europe’s biggest hope for an electric vehicle battery champion filed for U.S. Chapter 11 bankruptcy protection on Thursday after talks with investors and creditors including Volkswagen (ETR:) and Goldman Sachs for funding failed.
The Swedish company, whose motto is “make oil history”, has received more than $10 billion in equity, debt and public financing since its 2016 start-up. Volkswagen and Goldman Sachs each own about one fifth of its shares.
Northvolt said on Friday it needed $1.0-$1.2 billion in new funds under the restructuring process, which it hopes will end by the end of March.
In recent months, it has shrunk the business and cut jobs in a bid to shore up its finances. But it has struggled to produce sufficient volumes of high-quality batteries, and lost a 2 billion euro ($2.1 billion) contract from BMW (ETR:) in June.
That has left Europe’s ambitions to build its own battery industry looking a distant dream.
In recent years, Northvolt led a wave of European startups investing tens of billions of dollars to serve the continent’s automakers as they switch from internal combustion engines to electric vehicles.
But growth in EV demand is moving at a slower pace than many in the industry projected, and China has taken a huge lead in powering EVs, controlling 85% of global battery cell production, International Energy Agency data shows.
Making batteries and cells, the units that store and convert chemical energy into electricity, is a delicate process and doing so at scale is a challenge for any battery maker.
Northvolt has missed some in-house targets and curtailed production at its battery cells plant in northern Sweden, underscoring the difficulties, Reuters reported on Monday.
“The biggest issue is that batteries are not easy to make and Northvolt haven’t satisfied the supply demands of their customers – that is a management issue,” said Andy Palmer, founder of consultancy Palmer Automotive said.
“The Chinese are technologically 10 years ahead of the West in batteries. That’s a fact,” he said.
At least eight companies have postponed or abandoned EV battery projects in Europe this year, including China’s Svolt and joint venture ACC (NS:), led by Stellantis (NYSE:) and Mercedes-Benz (OTC:).
In 2024, Europe’s battery pipeline capacity out to 2030 has fallen by 176 gigawatt-hours, according to data firm Benchmark Minerals. That’s equivalent to almost all the current installed capacity in Europe, according to Reuters calculations.
RETHINK
Some executives say Europe should do more to attract and support home-grown projects so they can compete with Chinese rivals such as CATL and BYD (SZ:).
“Europe needs to rethink how it supports a nascent sector before China eats up the entire value chain, which is due to smart planning,” said James Frith, European head of Volta Energy Technologies, which specialises in battery and energy storage technology.
Among its $5.8 billion in debts, Northvolt owes the European Investment Bank (EIB) some $313 million.
EIB vice president Thomas Östros said it had been a constructive partner to Northvolt, but it needed to safeguard the EIB and EU’s interests.
“It remains the case that Europe has a strategic interest in a European battery industry for electric cars and we will follow developments very closely. But it is much to early to say what the outcome will be,” he said.
The Swedish government has repeatedly said it does not plan to take a stake in Northvolt.
On Friday, Northvolt’s outgoing CEO and co-founder Peter Carlsson said he was a “little worried” Europe is giving up on its dream of competing with China.
He said Europe would regret it in 20 years time if it retreated.
“It’s not a straight journey and right now, we’re all in a bit of a down in that journey where there’s more hesitations, there’s more questions on the speed of the transition from the carmakers, from policymakers, from the investor community,” he told reporters in a call.
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