Previous close | 2.3700 |
Open | 2.0000 |
Bid | 0.8900 |
Ask | 0.9100 |
Strike | 104.00 |
Expiry date | 2024-05-24 |
Day's range | 0.4800 - 2.0000 |
Contract range | N/A |
Volume | |
Open interest | 225 |
Linear networks have been a pain point for legacy media giants as a dismal ad environment drags on revenue, coupled with the mass exodus of pay TV consumers.
CEO Bob Iger says biggest step to turn streaming into a profitable business will be to increase engagement through a combination of Disney+, Hulu and ESPN on its streaming platform. CFO Hugh Johnston recently called out five or six steps to turn streaming into a growth business, Iger says at a conference. The second step will be to go after password sharing, which he says will start in June and roll out further in September.
Here we present three streaming stocks positioned to capitalize on the trend of competing media companies forming partnerships to bundle their services, aimed at driving subscriber acquisition and retention.