Taking Stock of 2023: How Shares of Disney, Netflix, Warner Bros. Discovery and More Fared This Year
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variety.comJennifer Maas TV Business Writer Hollywood had a rough year in many areas — but the stock market largely was not one of them.
Wall Street is poised to finish out 2023 up double digits: As of Dec. 27, the S&P 500 index has climbed 25% year to date and is nearing an all-time high record close.
And in general, the majority of media companies saw their shares rise over the past 12 months, rebounding from a disastrous 2022.
Some experienced significant reversal in stock performance, led by Roku (up 134% between Jan. 3 and Dec. 26), as investors regained enthusiasm for its streaming outlook amid the company’s cost-cutting moves.
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