My Favorite Streaming Stocks for 2023
As is the case with most subscription-based markets, streaming is an incredibly lucrative industry. According to Grand View Research, the $59.14 billion streaming market will see a compound annual growth rate of 22.4% until at least 2030. As a result, the industry has attracted some of the biggest names in entertainment.
Disney (NYSE: DIS) and Warner Bros. Discovery (NASDAQ: WBD) had streaming services enter the market since 2019, attracting millions of subscribers. However, steep competition in 2022 highlighted the importance of having a diverse business.
In addition to streaming, these companies have strong footholds in theme parks, gaming, and theatrical releases. As a result, Disney and Warner Bros. Discovery are my favorite streaming stocks. Here are a few more reasons why.
Source Fool.com
