In this article, we will take a look at the 5 biggest companies behind the upcoming movie and T.V. shows. For a detailed analysis of the industry, go directly to the 10 Biggest Companies Behind Upcoming Movie and TV Shows.
5. Comcast Corporation (NASDAQ: CMCSA)
Number of Hedge Fund Holders: 84
Comcast Corporation (NASDAQ: CMCSA) ranks 5th in our list of the 10 biggest companies behind the upcoming movie and T.V. shows. The Philadelphia-based media and tech company is one of the leading cable network providers in the U.S. Comcast is also one of the largest internet network providers in the U.S., offering high-speed Internet, video, voice, wireless, security, and automation services to residential and business customers under Xfinity brand.
Comcast’s NBCUniversal launched its new premium streaming service Peacock in 2020. Peacock subscribers will have access to “Law & Order: Organized Crime,” “Real Housewives of Beverly Hills Season 10,” and live sporting events such as “WWE’s WrestleMania 37”.
Comcast Corporation (NASDAQ: CMCSA) has a market cap of $252.4 billion. The company’s revenue in 2020 came in at $103.6 billion. NBCUniversal’s premium advertising-supported streaming service Peacock ended 2020 with 33 million subscribers in the U.S. Comcast stock is up after Raymond James upgraded the stock from Market Perform to Outperform on April 16th and set a $61 per share price goal. Shares of CMCSA jumped 48% over the past twelve months.
There were 84 hedge funds that reported owning stakes in Comcast Corporation (NASDAQ: CMCSA) at the end of the fourth quarter, up from 82 funds a quarter earlier. The total value of these stakes at the end of Q4 is $8.83 billion.
4. Netflix, Inc. (NASDAQ: NFLX)
Number of Hedge Fund Holders: 116
Netflix, Inc. (NASDAQ: NFLX) is one of the biggest companies behind upcoming movie and T.V. shows. The California-based video entertainment company began with DVD and Blu-Ray rental services in 1997 before abandoning the disks in favor of online streaming. Following a 200 million paying subscription peak in the fourth quarter of 2020, the video streaming giant is estimating 6 million new user additions in the first quarter of 2021, the lowest first-quarter increase since 2017, as stay-at-home constraints ease and new entrants jump in the market. Netflix has ordered two more seasons of “Bridgerton,” the period drama that drew 83 million viewers in its first month on the service. It has signed a groundbreaking deal with Sony Pictures to be the first streaming service to screen films like “Spider-Man” and “Jumanji” after they hit theaters.
The company has a market cap of $242 billion and total revenue of $25 billion in 2020. On April 1st, Piper Sandler analysts have given Netflix an Overweight ranking with a target price of $ 605. The stock has gained 25% in the last twelve months.
There were 116 hedge funds that reported owning stakes in Netflix, Inc. (NASDAQ: NFLX) at the end of the fourth quarter, up from 104 funds a quarter earlier. The total value of these stakes at the end of Q4 is $15.6 billion.
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3. The Walt Disney Company (NYSE: DIS)
Number of Hedge Fund Holders: 144
The Walt Disney Company (NYSE: DIS) ranks 3rd on the 10 biggest companies behind upcoming movie and T.V. shows. The California-based entertainment company will release at least 20 films this year, including live-action adaptation “Cruella,” Pixar animated film “Luca,” Marvel’s “Black Widow,” and Steven Spielberg’s “West Side Story.” The Walt Disney Company was founded in 1923. The entertainment company has grown to be one of the largest networks operating through its subsidiaries such as ESPN, Disney+, Star, and National Geographic. On the other hand, The Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures are among the motion pictures segment of Walt Disney Co.
The company has a market cap of $340 billion and a revenue of $16.2 billion in the first quarter of fiscal 2021. The stock has gained 83% in the last twelve months. Truist Securities keeps its buy rating on Walt Disney and raises its price target to $205 on April 16th.
There were 144 hedge funds that reported owning stakes in The Walt Disney Company (NYSE: DIS) at the end of the fourth quarter, up from 112 funds a quarter earlier. The total value of these stakes at the end of Q4 is $16.4 billion.
2. Apple Inc. (NASDAQ: AAPL)
Number of Hedge Fund Holders: 146
Apple Inc. (NASDAQ: AAPL) ranks 2nd on the list of the biggest companies behind upcoming movie and T.V. shows. This year, Apple T.V. will premiere the Emmy-winning “The Morning Show Season 2,” starring Jennifer Aniston, Reese Witherspoon, and Steve Carell. In November 2019, Apple Inc. launched an ad-free premium video-on-demand streaming television service called Apple T.V. Plus, which offers 4K HDR video quality and Apple original T.V. shows and movies. Customers will be able to try Apple T.V. Plus for a year for free until July 2021.
In the first quarter of 2021, Apple Inc.’s revenue increased 21% year over year to $111.4 billion. The stock has gained 94% in the last twelve months. Morgan Stanley analysts assigned an Overweight rating to Apple on April 16th with a target price set at $ 152.
There were 146 hedge funds that reported owning stakes in Apple Inc. (NASDAQ: AAPL) at the end of the fourth quarter, up from 134 funds a quarter earlier. The total value of these stakes at the end of Q4 is $141.8 billion.
Image by Photography Remembered from Pixabay
1. Amazon.com, Inc. (NASDAQ: AMZN)
Number of Hedge Fund Holders: 273
Topping the list of the 10 biggest companies behind upcoming movie and T.V. shows is Amazon.com, Inc.’s Amazon Prime Video. Amazon.com, Inc.’s Prime Video segment is a subscription video-on-demand over-the-top streaming and rental service. Amazon is the second most popular video streaming service with 150 million subscribers as of January 2021. On April 30th, 2021, the Amazon Original Movie “Tom Clancy’s Without Remorse” will be released on Prime Video.
Amazon.com, Inc. (NASDAQ: AMZN) recorded a 38% increase in net revenue to $386.1 billion in 2020, up from $280.5 billion in 2019. The company has a market cap of $1.71 billion. Shares of AMZN climbed 42% over the past twelve months. Credit Suisse analysts gave Amazon an Outperform ranking on April 16th with a $ 3,950 price target.
There were 273 hedge funds that reported owning stakes in Amazon.com, Inc. (NASDAQ: AMZN) at the end of the fourth quarter, up from 245 funds a quarter earlier. The total value of these stakes at the end of Q4 is $141.8 billion.
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