DIS - Quick Takes On Streaming Stocks

2024-05-08 17:44:20 ET

Summary

• The streaming market is saturated and needs consolidation for a recovery to occur.
• Comcast and Disney have great assets, but will take time to realize value.
• Paramount and Warner need to be consolidated into competitors for the industry to recover sooner than later. The opportunity is on potential M&A.
• Netflix has indicated future growth will be harder, this is an important lesson for investors.

The streamers have been getting pummeled after a massive Covid run up. Now, growth is slowing and the market is saturated. There needs to be consolidation for a recovery to really take hold.

Value In Streamers

I have long been a follower of the workings of the entertainment industry. It started when I was a teen with some thoughts of being a writer in Hollywood. After college in the 1990s, I got into finance and discovered Mario Gabelli.

Gabelli was already famous by the 1990s as a value investor and had done a lot of things. Among them was being a prominent investor in entertainment....

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