The entertainment industry is known for its high volatility due to constantly changing consumer trends and preferences. Nevertheless, there are always a few companies in the mix that stand out as the top performers. So, if you’re interested in investing in entertainment stocks, it’s best to stay updated on the latest trends of the industry and the most promising companies to keep an eye on.
Here are five of the best performing entertainment stocks to watch in 2021.
1. Disney (DIS)
Disney is a well-known household name when it comes to entertainment brands. With a vast assortment of content offerings ranging from movies to theme parks and cruises, Disney has built an impressive empire that continues to grow. In 2020 alone, the company launched Disney+, its streaming platform, which has been a massive success and has propelled its stock price to new heights. With several upcoming productions in the works, including the highly anticipated Marvel Cinematic Universe Phase 4, Disney’s prospects for 2021 are looking bright.
2. Netflix (NFLX)
Netflix has revolutionized the way people consume content, and it remains one of the most dominant players in the streaming industry. Despite growing competition from other streaming services like Disney+, Amazon Prime Video, and Hulu, Netflix continues to deliver impressive results. It has increased its subscriber base to over 200 million worldwide and continues to invest heavily in original content. As a result, Netflix is one of the best entertainment stocks to watch in 2021.
3. Live Nation Entertainment (LYV)
Live Nation Entertainment is a leading live entertainment company that promotes and produces live events, including concerts, festivals, and ticketing services. With the event industry’s predicted rebound in 2021, fueled by pent up demand from consumers who have been stuck in their homes for months, Live Nation’s stock is poised for growth. The company has already resumed some of its live events and has plans to add more. Additionally, it recently acquired a majority stake in Veeps, a fan engagement platform, further solidifying its place as one of the best-performing entertainment stocks of the year.
4. Warner Music Group (WMG)
Warner Music Group is a prominent player in the music industry, and its roster of artists includes industry giants like Cardi B, Bruno Mars, and Ed Sheeran, among others. The company has shown impressive growth in recent years, thanks to the increase in revenue from music streaming. It holds a significant portion of music rights, ensuring a steady stream of income for years to come. With the pandemic causing steep declines in sales from live events, music streaming has been a lifeline for revenue generation. As such, WMG’s prospects for 2021 appear excellent.
5. Amazon.com (AMZN)
Amazon is a diverse corporation with a growing foothold in the entertainment industry through its Amazon Prime Video service. The company offers original programming, licensed content, and pay-per-view rentals of popular movies and TV shows. With Amazon’s dominance of different sectors of the economy, it’s a reliable stock to hold in one’s portfolio. Additionally, the company’s recent acquisitions of MGM further cements its place as a key player in the entertainment industry.
Conclusion:
Given the recent trends in the entertainment industry and the impact of the pandemic, investors should pay attention to the stocks above. These are the top-performing entertainment stocks to watch in 2021 with great growth potential. While investing always involves some degree of risk, these companies have proven their worth with consistent returns over the years. By keeping up with the industry’s latest trends and developments, you can make informed decisions about which stocks to invest in and what the future might hold for the entertainment industry.
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