Invest in the Future of Fun: Top Entertainment Stocks to Watch Now
In today’s fast-paced society, people are constantly looking for ways to unwind and have fun after the stress of a long work week. This has resulted in a boom in the entertainment industry, which comprises a wide variety of activities, including movies, video games, theme parks, concerts, and amusement parks, among others.
Investing in the entertainment industry can be a smart move for investors, as companies in this sector have the potential for strong growth and high returns on investment. In this article, we will take a closer look at some of the top entertainment stocks to watch now.
1. Walt Disney (DIS)
Walt Disney is an entertainment conglomerate that owns some of the world’s most recognizable brands, including Disney, Marvel, Star Wars, and Pixar. The company has a diverse revenue stream, with products ranging from merchandise to movies, television, and theme parks.
Disney’s stock has been on the rise over the past several years, with a 5-year return of over 200%. The company has a strong brand identity and loyal fan base, making it a reliable investment option.
2. Netflix (NFLX)
Netflix is a media services provider that has revolutionized the way we watch television. The company offers a vast library of movies and television shows that can be streamed anytime, anywhere.
Since its IPO in 2002, Netflix has seen a year-over-year growth of over 20%. The company continues to innovate, with plans to increase its original content budget from $8 billion to $17.8 billion in 2020.
3. Six Flags Entertainment (SIX)
Six Flags Entertainment is a theme park operator with locations across North America and Mexico. The company’s parks offer a range of thrill rides, water attractions, and family-friendly activities.
Six Flags has a solid track record of growth, with a 5-year return of over 100%. The company continues to expand its park offerings, with plans to open a new park in Saudi Arabia in the coming years.
4. Activision Blizzard (ATVI)
Activision Blizzard is a video game developer and publisher with popular titles such as Call of Duty, World of Warcraft, and Overwatch. The company has a massive following, with over 400 million monthly active users across all of its games.
Activision Blizzard has seen a 5-year return of over 200%. The company’s continued success can be attributed to its focus on creating engaging and immersive gaming experiences for its users.
5. Live Nation (LYV)
Live Nation is a leading live entertainment company that produces over 35,000 events annually, including concerts, festivals, and theater shows. The company also operates ticketing services through Ticketmaster.
Live Nation has been expanding its reach through acquisitions, including its recent purchase of a majority stake in Insomniac Events, a producer of electronic dance music festivals. The company’s stock has seen a 5-year return of over 200%.
Conclusion
The entertainment industry is poised for continued growth in the coming years, making it a promising sector for investors. These top entertainment stocks offer a diverse range of investment opportunities, from theme parks and video games to movies and live events. By investing in these companies, investors can potentially reap high returns while also supporting the future of fun.
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