FactSet Insight: Box Office Renaissance, Entertainment Stocks Suffer
Read the full article on FactSet Insight.
Excerpt:
Kids are back in the classroom and more folks are back working at the office. Even corporate travel seems in full swing as autumn commences. A full “return to normal” leaves less in the way of free time for busy families across the country, but it’s important to take time to unplug. How about a trip to the movie theater? Or, if you are like so many consumers who bought a big screen TV during the pandemic, that will do just fine too.
Key Takeaways:
- Netflix now dominates the motion picture industry, but shares have been under pressure all year long amid a selloff in tech-related entertainment stocks
- A look at year-to-date sector performances with Communication Services ranked last
- Corporate event data shows several key conferences and forums ahead of earnings season that could move individual stocks and the broader industry
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