A Double Shot of Streaming Media Deals for Verizon and Apple
In this MarketFoolery podcast, host Chris Hill is joined by Million Dollar Portfolio's Jason Moser to discuss some interesting news at the intersection of entertainment and the internet.
First, they attempt to parse whether the $1.5 billion Verizon (NYSE: VZ) just paid for five years of rights to live-stream NFL games was a reasonable amount. Then, they check out the latest Apple (NASDAQ: AAPL) acquisition -- music-recognition app Shazam -- and consider where this move fits into the broader direction of change in the music industry. Also, they take a look a company that doesn't get much consideration, even if you likely have some of its products in your house: United Natural Foods (NASDAQ: UNFI). It's a supplier to many grocery chains, but it's a particularly large one for Whole Foods. Speaking of which, the Amazon (NASDAQ: AMZN) acquisition appears to have worked out quite well for the troubled company.
A full transcript follows the video.
Source: Fool.com
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