The streaming revolution has finally hit an era of profitability for the entertainment companies, Isabella Simonetti and Nate Ratter of The Wall Street Journal reports. While consumer have a seemingly endless array of services and pricing levels to choose from, this spread of option is starting to yield real profits. Companies in the space include Netflix (NFLX), Disney (DIS), Amazon (AMZN), Comcast (CMCSA), Paramount (PARAA) (PARA), Warner Bros. Discovery (WBD), and Roku (ROKU).
Claim 30% Off TipRanks
New trading tool for AMZN bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- Netflix’s Strong Market Position and Growth Potential: Buy Rating Affirmed
- Oppenheimer says Netflix Ad tier now has over 94M MAUs vs. 70M in November
- Netflix (NASDAQ:NFLX) Slips, Now the New Home of Sesame Street
- Moody’s cuts U.S. rating, Trump urges Walmart to ‘eat’ tariffs: Morning Buzz
- Bearish options flow identified in Netflix (NFLX), with shares down $-5.43 (-0.46%) near $1186.10