Tag

Streamingprofitability

All articles tagged with #streamingprofitability

finance-and-business2 years ago•12 min saved

"2024's Top Entertainment Stocks: Wall Street's Bullish Outlook Post-Downturn"

Wall Street analysts are recommending investment in large-scale entertainment companies and specific stocks for 2024, despite the challenges faced in 2023 such as advertising issues, cord-cutting, and streaming profitability. Top picks include Walt Disney, TKO Group (a merger of UFC and WWE), Liberty Formula One Group, Netflix, Imax, Spotify, Comcast, Liberty SiriusXM Group, and Take-Two Interactive Software. Analysts are bullish on these stocks due to various factors such as scale, content, balance sheets, and potential for growth and profitability in the face of industry challenges.

via Hollywood Reporter|

##entertainmentstocks #finance-and-business

entertainment-and-media2 years ago•6 min saved

"Streaming Shake-Up: Industry Giants Pursue Profits Amid Rising Prices and 2024 Revamp"

Hollywood's final earnings season of 2023 showed signs of progress towards streaming profitability, with most companies reporting reduced losses compared to 2022. Wells Fargo analyst Steven Cahall suggested it might be a fundamental moment for media investment. Only Warner Bros. Discovery reported a streaming profit for the first nine months of 2023. Disney cut its losses and grew Disney+ subscribers, while Comcast's Peacock and Paramount Global also saw improvements. However, analysts remain cautious, with MoffettNathanson declaring Netflix the winner of the streaming wars. Despite this, Ampere Analysis predicts that major studio streaming services will reach consistent profitability within the next 18 months, with Disney potentially leading the way by early 2024.

via Hollywood Reporter|

##disney #entertainment-and-media