Merger and acquisitions activity is picking up as the economy gains momentum and could continue even through an interest rate hike, a factor that previously lured professional investors to media stocks. [M&A Could Lift These ETFs]
American consumers have been cutting the cord and have opted for online video streaming services, such as those provided by Netflix (NasdaqGS: NFLX) or smaller packages.
“The phenomenon benefits streaming media companies like Hulu and Netflix, where consumers pay to stream shows, movies and original content of their choosing and on demand, without having to pay for channels they may not watch. The changing landscape has prompted companies like HBO and CBS to develop their own streaming options recently,” according to CNBC.
PowerShares Dynamic Media Portfolio
