Market experts are pretty much positive about the stock trends of the media companies. In an interview on CNBC, David Nelson, Chief Strategist for Belpointe Asset Management, said that the stocks of the media giants are up these days because of the Supreme Court’s decision against Aereo, a New York based TV subscription service. Supreme Court called Aereo’s activities as “illegal” and said that company’s technology that lets subscribers stream and record broadcast TV without the proper permission of the broadcasters is the violation of law.
David Nelson said that the latest Supreme Court decision in case of broadcasters has given enough market push to take the stocks up.
Jason Moser from The Motely Fool ranked The Walt Disney Company (NYSE:DIS) among the top notch market competitors. He thinks that Cable and TV services are the paramount sources of revenue generation for Disney and this is the prime reason Disney is going great in the stocks.
The Walt Disney Company (NYSE:DIS) only gets 8% from the cinemas hosting its movies but it seems The Walt Disney Company (NYSE:DIS) has got the catch, which is to cease the streaming services and subscription business models.
David Nelson also sees The Walt Disney Company (NYSE:DIS) as one of the top choice for investors in the market these days and think sports media services are the reason behind this.
“We live in a DVR world, we time shift anything, everything, but when it comes to sports, we want it in real time,” said Nelson.
Another media stocks entity to watch according to Jason Moser is Amazon.com, Inc.(NASDAQ:AMZN) which has gone well beyond from merely being the America’s biggest book store and now when its developing TV services and media offerings, investors are taking it as a favorable choice for their investments.
Viacom, Inc (NASDAQ:VIAB) on the other hand is lagging behind according to David Nelson mainly because of their problems with Nickelodeon Inc.
Disclosure: none
