Bored Kids Are Creating a YouTube Boom
The dramatic changes wrought by the COVID-19 pandemic have been brutal for most businesses and investors. But there have been bright spots, particularly in the tech industry. Videoconferencing and other work-from-home services are more in demand than ever. Medical stocks, including those of health insurance companies, are performing relatively well. And streaming home entertainment is thriving too.
As analysts suspected, we tend to stream more movies and TV shows in isolation and quarantine than we did back when most of us still had the option to dine out or socialize with friends and family members. The stay-at-home streaming boom has been good to subscription video-on-demand (SVOD) service providers like Netflix and Walt Disney. The change is helping Amazon's Prime Video and its video rental and purchase marketplace, too.
But TV shows and movies that we know from popular pay-TV networks and past theatrical runs aren't the only big sellers right now. Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube, known primarily for its user-generated content, is seeing surging streaming numbers as well.
Source Fool.com
