Does the ESPN, Fox, and Warner Bros. Joint Venture Mean Game Over for This Struggling Streaming Stock?
Streaming businesses, for the most part, aren't yet profitable. While has found out a way to make its business work, others are still struggling. One way for them to potentially overcome those obstacles is by joining forces.
A recent deal that could transform the streaming wars is a huge joint venture involving Fox, Warner Bros. Discovery, and ESPN, which Walt Disney owns. The companies plan to launch a sports-focused streaming platform which could be available later this year.
While this could help improve those companies' growth prospects, it could also undermine the potential for another streaming business: fuboTV (NYSE: FUBO). Shares of fuboTV have been under immense pressure as the stock has collapsed 94% in just three years.
Source Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 82 Buy predictions and 8 Sell predictions.
As a result the target price of 609 € shows a slightly positive potential of 5.51% compared to the current price of 577.2 € for Netflix Inc..
