It's a Dystopia Out There for Old Media
On this Market Foolery podcast, host Chris Hill and Million Dollar Portfolio's Jason Moser focus on the media sector this week, and most of what they find is bad news for the incumbents. Blade Runner 2049 was No. 1 in theaters this weekend, but came up a good $20 million short of expectations, which bodes ill for movies in general. And according to a well-researched Ad Age article, advertisers are not getting their money's worth out of network TV. Meanwhile, producer Dan Boyd went to New York Comic Con and came back with an increased respect for the companies doing digital media distribution. Plus, the guys offer a quick preview of fall earnings season, which opens next week.
A full transcript follows the video.
Source: Fool.com