2 Streaming Stocks to Buy and 1 to Avoid Like the Plague
The streaming industry is a growing market, worth over $80 billion today and expected to hit nearly $130 billion by 2026. The rise of streaming has coincided with significant declines in cable subscriptions, with streaming overtaking cable in July as the way most Americans watch TV. 35% of U.S. consumers chose streaming services in August 2022 over 34.5% who opted for cable.
An influx of streaming competition has meant dozens of new options for consumers, but also revenue losses for companies like Netflix (NASDAQ: NFLX), which reigned supreme only a few years ago. As the industry continues to grow, adding a streaming stock to your portfolio isn't a bad idea, but it's essential to know which one. Let's assess.
Walt Disney (NYSE: DIS) dipped its toes into streaming when it became a stakeholder in Hulu in 2009. It attained a majority stake in March 2019 as a result of its acquisition of 21st Century Fox. However, the company dove headfirst into the market with its flagship streaming service Disney+, which launched in November 2019. The platform has taken significant strides since then, helping Disney surpass Netflix for most streaming subscribers for the first time in its most recent quarterly results.
Source Fool.com
