RE: Now is a fantastic opportunity to buy or average down6 Aug 2020 11:37
I got in yesterday as I feel the price is good enough to take a position in
But let’s talk facts
For years now things like sky, Netflix, Apple TV, amazon etc etc have been around, things have been streamed on that for years!!!! Literally years!!!
Did cinema and Hollywood die... course they didn’t, this is a multi billion pound industry that has history of stars and red carpet premiers in London, where people fly in from all over the world
I was actually on Netflix last night and tried to find 2 movies I wanted to watch, they weren’t even in there for one, and thinking about it I saw both “at the cinema” when they came out years ago anyway!!
Has everyone I know got these streaming services, NO!
Do people talk at work about seeing a new movie, YES!
My point is... cinema And Hollywood is far far ahead of these streaming sites, it just doesn’t work for everyone, same way football is streamed but grounds are still packed week in week out!!!
People do not want to stay at home to watch movies it’s an experience and day/night out.. that will never change and this is why Mooky has been in the game for 90 years through wars, world events and now this (forgive me but I’m sure it’s something stupid like 90)
Great buy at all levels 19/20/35/40/50, still a very bright future