One of the first industries to be affected by the Covid lockdowns was the entertainment business. The traditional entertainment sector is on the verge of collapsing. Video gaming, streaming, and other kinds of digital entertainment, on the other hand, have thrived. The global market for theatrical and home/mobile entertainment was $80.8 billion in 2019. After surpassing 20 million subscribers in the fourth quarter of 2020, Disney+ now has 8.7 million global subscribers. The traditional entertainment business may see a resurgence in the coming months, but digital disruption is already well underway. The Walt Disney Company and Netflix are two companies that are poised to benefit from the entertainment industry’s accelerating digital revolution.
Here is Insider Monkey’s list of the 10 best entertainment stocks to invest in. SciPlay Corporation is ranked tenth. According to research, the stock has returned around 3.94 percent to investors over the last year. Take-Two Interactive Software, Inc. is ranked ninth. Over the last year, the stock has returned more than 13 percent to investors. Take-revenue Two increased 10.37 percent year over year to $839 million. Roku, Inc. is ranked eighth. Over the last year, the stock has returned more than 188 percent to investors. Roku’s revenue for the quarter was $574 million, up 79 percent over the previous year. Spotify Technology S.A. is ranked seventh. The firm is a Swedish content and information company that provides audio streaming and media services via the internet. Its income increased by 23.59 percent year over year to roughly $2.52 billion. Electronic Arts Inc. is ranked sixth. According to the company’s most recent financial statistics, the stock has returned 1.58 percent to investors over the past year. For more details, click 10 Best Entertainment Stocks to Invest In.
Unsplash
