Disney Vs. Comcast: Which Entertainment Stock Is A Better Buy?

Disney, Balloons, Minnie Mouse, Mickey Mouse, Happy

Image Source: Pixabay

The Walt Disney Company (DIS) and Comcast Corporation (CMCSA) are established players in the entertainment industry. DIS is a diversified international family entertainment and media enterprise. It operates through two segments: Disney Media and Entertainment Distribution and Disney Parks, Experiences, and Products. Its media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations. CMCSA is a media and technology company that offers video, high-speed Internet, and voice services to residential and business customers, as well as ethernet network services and cellular backhaul services to mobile network operators. It also provides entertainment, news, information, and sports content.

The entertainment industry is poised for a paradigm shift with the introduction and rapid acceptability of OTT platforms. The industry saw an unprecedented surge in demand for OTT services amid the COVID-19 pandemic due to the emergence of homebound lifestyles. Investor sentiment toward the space is evident in the iShares Evolved U.S. Media and Entertainment ETF’s (IEME) 52.6% returns over the past year. And, according to ResearchAndMarkets, the global media & entertainment market is expected to grow at a 13%-plus CAGR between 2021 – 2026. So, both DIS and CMCSA should benefit.

While DIS has gained 52.1% over the past year, CMCSA has returned 45.2%. In terms of their past nine months’ performance, DIS is a clear winner with 40.6% returns versus CMCSA’s 29.4% gains. But which of these two stocks is a better pick now? Let’s find out.

Latest Movements

On March 18, 2021, ESPN, a unit of DIS, reached a long-term agreement with the National Football League (NFL), through 2023, that is expected to result in ABC/ESPN joining the Super Bowl coverage rotation, additional playoff action coverage, and exclusive national ESPN+ matchups.

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