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$ADBE said that in its Digital Media segment, the company exited 2Q16 with $3.41Bil of annualized recurring revenue, up $285MM. The company is continuing to execute against its strategy of migrating CS customers, expanding to new market segments and adding value, while introducing new services.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.