Warren Buffet adds position to the streaming industry
According to the latest 13F report submitted by Berkshire Hathaway led by Buffett, in the first quarter, it purchased about 69 million new shares of Paramount Global, worth about 2.6 billion US dollars, accounting for about 6% of Berkshire Hathaway's total investment. Paramount Global Shares Jump 10%
Paramount Global's share price outperformed the market by 7.2% this year, while the S&P 500 index fell 14.9% during the same period.
One perspective to think about is Buffett's attitude towards streaming media. Counting Paramount Global, Buffett already owns three companies whose main business is streaming services. The other two are Apple (Apple TV+) and Amazon (Prime)
Paramount Global's share price outperformed the market by 7.2% this year, while the S&P 500 index fell 14.9% during the same period.
One perspective to think about is Buffett's attitude towards streaming media. Counting Paramount Global, Buffett already owns three companies whose main business is streaming services. The other two are Apple (Apple TV+) and Amazon (Prime)
Affiliated companies: $Netflix(NFLX.US$ $Amazon(AMZN.US$ $Paramount Global-B(PARA.US$
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Believing in Value, and Be the Friend of Time. I'm a financial practitioner with 7 years market experience. CFA Passed.
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