Here's How Warren Buffett Is Betting on the Streaming Wars
The onset of streaming video was the beginning of a paradigm shift in home entertainment. Since early 2007, broadcast television and cable TV have been in gradual but undeniable secular decline. Cord-cutting has reached epic proportions, and streaming services have become the de facto replacement for appointment television.
After decades of avoiding technology stocks, legendary Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has done an about-face. In recent years, inspired by his lieutenants Todd Combs and Ted Weschler, the Oracle of Omaha has gradually made a somewhat sizable bet on a company with two hit streaming services, making it a top contender in the streaming wars.
Let's look at why he has invested in Paramount Global (NASDAQ: PARA) and what he recently had to say about the company.
Source Fool.com
Berkshire Hathaway Inc. A Stock
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 8.06% compared to the current price of 601500.0 € for Berkshire Hathaway Inc. A.
