Even though the entertainment industry is expected to grow significantly in the coming months, the streaming services space has become overcrowded. So, not all industry participants are well-positioned to gain…
Even though the entertainment industry is expected to grow significantly in the coming months, the streaming services space has become overcrowded. So, not all industry participants are well-positioned to gain in the near term. For instance, we think the stock of famous entertainment company Walt Disney (DIS) looks overvalued at its current price level. Therefore, it could be wise to bet on quality entertainment stocks News Corporation (NWSA) and World Wrestling Entertainment (WWE) instead to capitalize on the industry’s growth. Read on.
One of the world’s premier entertainment companies, The Walt Disney Company (DIS), in Burbank, Calif., has completed several developments over the past few months, especially with the help of its streaming service Disney +. However, its shares plunged in price after it posted fourth-quarter earnings that missed Wall Street’s expectations and revealed a significant slowdown for its Disney + service.
