Thursday, April 25, 2024
It may come as a surprise to some, but when sports and entertainment are joined together, it is very popular—and therefore a real moneymaker. That’s why the recent news of one of the biggest names in entertainment is moving to take over one of the biggest in sport entertainment piqued my interest. Let me show […]
2022 was a terrible year for the media industry companies. This was because competition among streaming services has come to an all-time high and consumers are getting pickier about their number of subscriptions. On top of that, companies are contending with lower ad revenue and more cord cutting. When Netflix (NFLX) reported it lost subscribers […]
Apple (AAPL) has been a haven in this turbulent market, but recent reports say it may not increase production of its new iPhone range because weaker-than-expected demand has caused a minor drop in its stock price. Apple’s share price has fallen about 4% since those reports. The dip is an indication of the smartphone’s continued […]
In early March, I told you how Sony (SONY) has had one ambition for literally decades: to become the world’s most fully integrated entertainment company. Over the years, Sony has put together an outstanding array of assets: world-class music catalogs (Sony Music), Hollywood film and television studios, plus PlayStation, the leading video game hardware. But […]
Baseball is back, with a deal for a 60-game season just announced. Professional golf is back. Nascar has been back for several weeks. Professional tennis, though off to a rocky start, is back. And, sports betting is back. Which means companies like DraftKings (DKNG), which runs an online sports betting platform, is back in business. […]
Options activity has been brisk lately, with traders showing concern over the recent news of COVID-19’s resurgence in several warm-weather states. Cruise line stocks had recovered quite a bit in recent weeks, but could be in trouble again in the coming weeks. It now looks like US cruises won’t resume until September, with data showing […]
As the U.S.—and the world for that matter—begins the reopening process, every business is trying to figure out what the new way of doing business looks like. We already know what the white collar version of post-pandemic business has become. It’s Zoom (ZM) meetings, Docusign (DOCU) virtual document management, and Activision (ATVI) [gaming in between […]
Gambling on sports has always been controversial in the U.S. What once was the sole provenance of casinos (at least in terms of legal sports betting) has become far more widespread in recent years. Many states are expected to adopt online legal sports betting in time, and some have already done so. Even before the […]
