Despite macroeconomic challenges, the entertainment industry is set for strong growth due to the rise of social video platforms, the availability of specialized streaming services, and the increasing popularity of cloud gaming.
Although the industry is expected to grow in the coming years, not every stock is well-positioned to benefit. After assessing The Liberty SiriusXM Group (LSXMK) and Spotify Technology S.A. (SPOT), I think it could be wise to add SPOT to one’s watchlist for attractive entry points, while LSXMK is best avoided now.
