Cineworld (CNNWF) is closing its US and UK theaters for the foreseeable future. Could this closure turn up the heat for the already competitive streaming industry?
Companies like Disney (DIS) for example, have attempted to bypass the traditional theatrical release and pandemic restrictions. In September, the company released its live-action remake Mulan. Subscribers could access the new release on their streaming platform, Disney+, for an additional fee. This release is just one of the many new releases scheduled to skip the theaters.
A strong move from traditional in-theater releases to in-home streaming could change the content-consumption paradigm forever. While companies live-theater companies like AMC Entertainment Holdings Inc. (AMC) and Cinemark Holdings Inc. (CNK) would suffer, at-home streaming companies could continue to add to subscriber growth. Big streaming companies are already in a position to capitalize.
Here are four companies leading the streaming industry and ones that you may want in your portfolio watchlist as content-consumption trends continue to shift.
Walt Disney Co (DIS)
Avg. Volume: 9,039,557
Market Cap: 245,329 M
Monthly Green Trade Triangle: 6/48/2020 – $123.78
Smart Scan Score: -70
Netflix, Inc (NFLX)
Avg. Volume: 6,705,335
Market Cap: 126,214 M
Monthly Green Trade Triangle: 4/13/2020 – $393.52
Smart Scan Score: +90
Amazon.com, Inc (AMZN)
Avg. Volume: 4,868,129
Market Cap: 901,752 M
Monthly Green Trade Triangle: 4/14/2020
Smart Scan Score: +100
Roku, Inc (ROKU)
Avg. Volume: 8,271,795
Market Cap: 17,407 M
Monthly Green Trade Triangle: 7/9/2020 – $138.79
Smart Scan Score: +100
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