Media stocks jump after report says Apple, Paramount are discussing streaming bundle
Publishing timestamp: 2023-12-01 16:27:58
Summary
The article reports that Apple and Paramount Global are in early-stage talks to bundle their streaming services, Apple TV+ and Paramount+, in an offering that would cost less than subscribing to the services separately. Media stocks, including Paramount and Warner Bros. Discovery, saw an increase in their stock prices following the news. The article also mentions the trend of bundling rival streaming services together and the potential for partnerships to help companies navigate the changing media environment.
Sentiment: POSITIVE
Tickers: PARA, NFLX, AAPL, WBD,
Keywords: netflix inc, business news, warner bros discovery inc, paramount global, media, television, apple inc, breaking news: business, entertainment, internet, streaming services,
Source: https://www.cnbc.com/2023/12/01/apple-paramount-streaming-bundle-report-boosts-media-stocks.html