Today marked the end of 2015’s second quarter and first half. And based on changes in stock prices for the companies we track most closely, Wall Street couldn’t get enough of the Netflix story. The streaming video company’s shares appreciated 57.8% in the quarter and 92.4% since the end of 2014. No one else came close.
It was a relatively good time for industry stocks. The Dow Jones U.S. Media Index appreciated 3.3% since the end of March. That beat the Standard and Poor’s 500, which slipped 0.2% and the Dow Jones Industrial Average, which ended the quarter down 2%. Investors took money off the table over the last week or so as they grew concerned about the possibility that Greece will soon default on its loan from the International Monetary Fund.
Disney was the top-performing Big Media company in Q2 with shares +8.8%. It was followed by Discovery (+8.1%), Comcast (6.5%), Sony (+6.0%), and Time Warner (+3.5%). Those losing ground included Fox (-3.8%), Viacom (-5.4%), and CBS (-8.5%).
In the broader media universe, companies with double digit growth after Netflix included India’s Eros International (+43.8%), Cablevision (+30.8%), Starz (+30.0%), Imax (+19.4%), Time Warner Cable (+18.9%), World Wrestling Entertainment (+17.8%), Amazon (+16.7%), Redbox owner Outerwall (+15.1%), Electronic Arts (+13.1%) and Crown Media (+13.0%).
The list of laggards includes Cinedigm (-56.8%), Twitter (-27.7%), Carmike (-21.0%), Best Buy (-13.7%), AMC Entertainment (13.6%), Rovi (-12.4%), Yahoo (-11.6%), Charter (-11.3%), Sinclair Broadcast Group (-11.1%) and Cinemark (-10.9%).
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