Media and streaming giants have seen their stocks slammed throughout 2022. What does the next year hold in store for streamers?
, two companies undergoing transitions, especially when it comes to streaming, each hit 52-week lows in recent days. So far this year, Warner's stock is down more than 60% and Disney is off more than 45%.
The media industry has come to a turning point as competition among streaming services is at an all-time high and consumers are getting pickier about their number of subscriptions. On top of that, companies are contending with lower ad revenue and more cord cutting."Across the sector, it's chaos," said Mark Boidman, head of media and entertainment investment banking at Solomon Partners.
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