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Tuna Amobi, senior media equity and entertainment analyst at CFRA, said the game’s return will be to media corporations that broadcast games. Sport is the “main cement that keeps the TELEVISION ecosystem pay,” CNBC’s “Squawk Box” said Friday.
The entertainment analyst said this appetite for live sports would reduce the cord cut caused by coVID-19 blocking. He added: “It’s very likely that people will subscribe to pay TV once they discovered the leagues.”
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Amobi has a “strong buy” score for Comcast and a “buy” score for Primary Media Corporations Disney, ViacomCBS and Fox. Comcast is one of your “favorite names right now” due to its better-than-expected functionality in the last quarter. While Comcast’s theme parks, advertising and film studio have been “affected” by the pandemic, he said other spaces in society, such as his Internet service, have worked well.
“The coming quarters bring some volatility, however, the main broadband-driven cable continues to exceed expectations,” he said.