How Shares of Disney, Netflix, Warner Bros. Discovery and More Fared in 2023?
Variety, which analysed how the shares of the giants of the entertainment industry were performing in 2023, published a news article titled “Taking Stock of 2023: How Shares of Disney, Netflix, Warner Bros. Discovery and More Fared This Year”.
Accordingly, Hollywood, which had a series of difficulties in 2023, did not have any special problems when it came to the stock market, on the contrary, Wall Street is preparing to complete 2023 with double-digit increases.
MAJORITY SAW THEIR SHARES RISE
As of 27 December, the S&P 500 index has risen 25% year-to-date, approaching an all-time record closing high. And in general, the majority of media companies saw their shares rise over the past 12 months, rebounding from a disastrous 2022.
Some experienced significant reversal in stock performance, led by Roku (up 134% between Jan. 3 and Dec. 26), as investors regained enthusiasm for its streaming outlook amid the company’s cost-cutting moves. Other gainers were Lions Gate (+89%), Amazon (+79%), Netflix (+67%), Apple (+55%), Comcast (+26%), Sony (+22%), Warner Bros. Discovery (+21%) and AMC Networks (+15%). Those with smaller bumps, but bumps nonetheless, include Endeavor (+12%), Disney (+2.2%) and Imax (+2%).
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