, two companies undergoing transitions, especially when it comes to streaming, each hit 52-week lows in recent days. So far this year, Warner's stock is down more than 60% and Disney is off more than 45%.
The media industry has come to a turning point as competition among streaming services is at 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."Across the sector, it's chaos," said Mark Boidman, head of media and entertainment investment banking at Solomon Partners.
Less CNN, less msnbc, less cnbc.
Lost businesses if they do not gain moral ground.
High demand for outdated movies, we have all seen 1,0000 times. Like Jurassic Park and Die Hard.
Someone explain to this mealy mouthed CNBC criminal boiler room carnival barker because it’s all Fake News, CNBC being one of the worst
it is very easy to clean the lint on your clothes👇😂