The entertainment industry has had a challenging couple of years, with pandemic closures in 2021 hampering theater and amusement park revenue and increased streaming competition in 2022 resulting in a heated war over subscribers.

As a result, it has become crucial to invest in entertainment companies with diverse businesses that can continue growing regardless of market conditions. 

Shares in Disney (NYSE: DIS) and Amazon (NASDAQ: AMZN) have tumbled more than 40% since January amid a sell-off as critical business segments have suffered revenue declines.

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Source Fool.com