The rapid evolution of technology has transformed the media and entertainment industry, along with the integration of new disruptors for generating profitable growth across the sector. In light of this, I think it could be wise to keep an eye on entertainment stocks, Spotify Technology S.A. (SPOT), News Corporation (NWSA), and DoubleDown Interactive Co., Ltd. (DDI).
The global movies and entertainment market is expected to expand at a CAGR of 7.2% until 2030. With favorable demographics, changing consumption pattern, a rise in disposable incomes, and the propensity to spend on leisure and entertainment, the entertainment industry is expected to grow. Moreover, the rising popularity of 3D movies that provide audiences with a virtual reality experience is also likely to fuel the market.
