The State of Streaming Companies
We maintain that Netflix is overvalued but see potential in ViacomCBS.
AT&T's (T) decision to spin off WarnerMedia is arguably the biggest event to hit the media industry since the start of the pandemic. We believe the move that teams Discovery (DISCA) with Warner will create a stronger media business, putting the combined firm on much better footing to compete with Netflix (NFLX), Amazon.com (AMZN), and Disney (DIS) in the streaming market.
Michael Hodel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.