Tech Companies Know To Make Money In Hollywood, But Here''s Why Apple Has An Advantage
Notwithstanding the recent surge in box-office revenue in 2022, there is more money to be made selling content for home|mobile, Loup Funds co-founder Gene Munster said in a note. Tech companies such as Apple, Inc. (NASDAQ: AAPL ) and Amazon, Inc. (NASDAQ: AMZN ), with near free distribution models, know how to make money in Hollywood, he said. Munster noted that making money in Hollywood is simple for Walt Disney Company (NYSE: DIS ), Paramount Global (NASDAQ: PARA ) and Warner Bros. Discovery, Inc. (NASDAQ: WBD ). These companies take a pre-loved action series, add A-list talent and spend over $100 million in marketing and come out with successful movies, he noted. Apple At Advantage: Apple is best positioned to grow its streaming revenue share from the current 2%, Munster said. The company can splurge on content with its … Full story available on Benzinga.com
Tech Companies Know To Make Money In Hollywood, But Here''s Why Apple Has An Advantage
Notwithstanding the recent surge in box-office revenue in 2022, there is more money to be made selling content for home|mobile, Loup Funds co-founder Gene Munster said in a note. Tech companies such as Apple, Inc. (NASDAQ: AAPL ) and Amazon, Inc. (NASDAQ: AMZN ), with near free distribution models, know how to make money in Hollywood, he said. Munster noted that making money in Hollywood is simple for Walt Disney Company (NYSE: DIS ), Paramount Global (NASDAQ: PARA ) and Warner Bros. Discovery, Inc. (NASDAQ: WBD ). These companies take a pre-loved action series, add A-list talent and spend over $100 million in marketing and come out with successful movies, he noted. Apple At Advantage: Apple is best positioned to grow its streaming revenue share from the current 2%, Munster said. The company can splurge on content with its … Full story available on Benzinga.com