Communications Services Up After Hollywood Merger Deal - Communications Services Roundup
MorningStar·
- Communications-services companies rallied following a breakthrough in a blockbuster merger deal that alleviated concerns regarding the U.S. movie business.
- Warner Bros Discovery shares surged by 11% after Paramount reached an antitrust settlement with 12 state attorneys general, clearing the path for an $81 billion acquisition.
- Netflix and Disney also experienced positive market movements as investor sentiment improved and promotional strategies countered industry slumps.
