First Trust S-Network Streaming and Gaming ETF

The report predicts that traditional pay-TV subscriptions in the U.S. will dip below 50 million, representing only 35% of households by 2025, as streaming becomes the dominant platform. It also forecasts the peak of virtual multichannel programming distributors (vMVPDs) and a shift towards cloud gaming, online sports betting consolidation, media M&A deals, and the erosion of Google's search dominance.

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Paramount shares have turned into long-term out-of-money call options with high volatility. See why PARA stock is a Hold.

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