Morris summarized three key assumptions that he said will underpin investors’ expectations of entertainment stocks in the future. First, “pressure will build on the assertion that the video bundle is truly a more efficient delivery mechanism for the consumer,” he said. Second, “the number of over-the-top video services available from existing traditional video media companies will increase.” And third, “The average value of original programming will decrease due to both oversupply and reduced demand.”
Source: CBS Should Acquire AMC Networks, Analyst Says – Hollywood Reporter – Hollywood Reporter