Buy This Overlooked Stock Now to Benefit From The 2022 Streaming Video Disruption
Kudos to Netflix (NASDAQ: NFLX) for launching one industry that's completely rattled another. eMarketer estimates the U.S. cable business has contracted from its peak of more than 100 million paying households in 2013 to a little more than 70 million now, en route to less than 64 million paying customers projected in just a couple of years. Netflix and other premium streaming services like Walt Disney's (NYSE: DIS) Hulu and Disney+ have provided consumers with the long-awaited alternative to increasingly expensive cable.
However, if you think the next 10 years of change within the television entertainment arena are going to look like the last 10, think again. Now Netflix and Disney+ have fresh competition from conventional cable content creator ViacomCBS (NASDAQ: VIAC) (NASDAQ: VIAC.A), which is making a point of handling its streaming business in a completely different way.
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Source Fool.com
