3 Media Stocks in Focus: Disney’s ‘Thor’ Misses $100M, Netflix’s Traffic Share, Sirius’s Used Car Potential
Walt Disney Co. (NYSE:DIS): The latest installment of the Thor franchise pulled in $83 million in box office revenue this past weekend, strongly outperforming its predecessor, though it fell short of making it into the small group of superhero movies that have opened with more than $100 million. “Thor: The Dark World‘s 31 percent improvement over the first Thor can largely be attributed to The Avengers, which helped raise the profile of Thor and his evil brother Loki,” BoxOfficeMojo notes. The original Thor made $65.7 million in its first weekend.
Netflix Inc. (NASDAQ:NFLX): Together with YouTube (NASDAQ:GOOG), Netflix makes up half of the peak Internet traffic in North America — the main rivals of the streaming service and video platform barely register, a study has found. CNET reports that Netflix has started referring to itself as the “world’s leading Internet television network” rather than the leading Internet video subscription service as it puts a larger focus on more original programming, which in turn is pulling more people online.
Sirius XM Radio Inc. (NASDAQ:SIRI): Barclays says that Sirius XM has a bigger source of growth in used cars than in the original equipment manufacturer segment moving forward and notes that 70 percent of cars sold in the U.S. are used, and therefore, the profitability is higher. Barclays has an Overweight rating on Sirius shares.