Streaming media represents a huge market. Statista forecasts that the video streaming industry will reach $95.9 billion this year, and $137.7 billion by 2027.
Given the size of this market, it’s no wonder Netflix, one of the earliest players in the space, now must battle a bevy of competitors for market share. Among this competition, two companies, in particular, stand out.
The first is veteran entertainment giant Walt Disney (DIS -0.64%), whose universe of renowned brands, such as Star Wars, gives it an edge. The other is tech titan Alphabet (GOOG 1.81%) (GOOGL 1.91%), which is best known for its Google search engine, but which also owns video platform YouTube.
Several factors make both of these companies great investments for those with a long-term mindset. Here’s why Alphabet and Disney are worthwhile stocks to buy among the many competitors vying for dominance in the streaming media space.
The case for Disney
Disney marks its 100th birthday in 2023, but its stock price isn’t celebrating. It hit a 52-week low of $78.73 on Oct. 4, and shares remain near that low at the time of this writing. This is due to factors such as Disney’s streaming services, under its direct-to-consumer segment, being unprofitable. But this segment is well positioned to help the company succeed over the long run.
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