Georg Szalai, of the THR, interviews some analysts. Here is what they say.Investment in the entertainment industry has hit a rough patch. The Hollywood Reporter has conducted an in-depth analysis to identify the Hollywood companies that are weathering the storm and are potential profitable investments and worth consideration amidst the writer’s strike, layoffs, and the streamers crisis.”At the mid-year point of 2023, some agree on Warner Bros. Discovery as their best bet, while others back other entertainment conglomerates, Netflix or Endeavor.” writes Georg Szalai on the THR.He interviewed a few analysts. Each one of them picked some companies. For Doug Creutz of TD Cowen, the choice is Warner Bros. Discovery: “We do view management’s (streaming) strategy as more prudent and sustainable than peers’, and we also have faith in management’s ability to hit its synergy targets,” says the expert, maintaining his “outperform” rating with a $19 stock price target. “We believe shares should trade at parity or even a premium relative to peers rather than the current discount.” Warner is also among Benchmark’s Matthew Harrigan favorites, saying he was encouraged by the conglomerate’s first-quarter earnings report and management commentary in his choice. The Benchmark analyst noted, “A major development was $50 million in positive earnings before interest, taxes, depreciation, and amortization for the direct-to-consumer business with expectations for 2023 U.S. profitability and confidence in $1 billion in 2025 global profits.” (ICE LOS ANGELES)

Fonte notizia: The Hollywood Reporter