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STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Why Walt Disney, Netflix, and Warner Bros. Discovery Are No-Brainer Buys Right Now

Tom Wilton, The Motley Fool
·3 min read
Why Walt Disney, Netflix, and Warner Bros. Discovery Are No-Brainer Buys Right Now

Indeed, 2023 has continued to pile pressure on companies such as Walt Disney (NYSE: DIS), Netflix (NASDAQ: NFLX), and Warner Bros. Discovery (NASDAQ: WBD) as their valuations have continued to underwhelm. While Disney+ is one of the most popular streaming services in the world, the platform has never made money for Walt Disney. Indeed, in the fourth quarter of fiscal 2022, Walt Disney's direct-to-consumer (DTC) streaming unit lost approximately $1.5 billion -- more than twice as much as the same period a year before.

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