The entertainment industry has been under pressure as a result of macroeconomic uncertainties. So, I think it could be wise to wait for a better entry point in Sony Group Corporation (SONY) and Tencent Music Entertainment Group (TME) for reasons discussed throughout this article. However, considering the weak fundamentals of The Walt Disney Company (DIS), it could be best avoided.
The media industry is in turmoil and is unlikely to change anytime soon. Media companies are dealing with two Hollywood strikes, declining ad revenue, and losing money on streaming businesses.
