This Buffett Stock Could Be a Streaming Powerhouse
Here's a surprising trend. Older viewers have recently become the primary source of growth in video streaming. Increasing numbers of people 50 and older have been cutting the cord on cable and watching significantly more streaming content, while younger viewers have been reducing the amount of time they spend with those services. Free, ad-supported services are also gaining viewers and advertisers.
Media giant Paramount Global (NASDAQ: PARA) is positioned to take advantage of both trends. Let's see why.
As streaming reached critical mass years ago, it was widely accepted that millennials and Gen Z'ers would be the first cohorts to adopt the new technology -- and they were. Baby Boomers and Gen X'ers were expected to lag behind. But now, they're catching up. In May, the share of viewers in the 50-to 64-year-old and 65-and-older age groups grew faster year-over-year than the 35-to-49 cohort.
Source Fool.com
