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ZoomerMedia Ltd V.ZUM

ZoomerMedia Limited is a multimedia company engaged in creating content, services, and experiences for Canada's audiences. Its segments include Television, Radio, Print, Membership & Royalty, Digital, and Other and Corporate operations. The Television segment consists of the specialty and conventional television stations (Vision TV, ONE TV, Joy TV in Vancouver, and FAITH TV in Winnipeg). The Radio segment consists of its four radio stations and is involved in the sale of advertising. The Print segment publishes ZOOMER magazine, On The Bay magazine and Tonic. The Membership & Royalty segment includes the operating activities of the Canadian Association of Retired Persons (CARP) as well as membership and marketing services to CARP. The Digital segment consists of the operations of the digital companies, FreshDaily, Buzz, Museland, Peak, and Curiocity and Titus. Other activities include the production of ZoomerShows, and other trade and consumer shows directed to the 45plus age group.


TSXV:ZUM - Post by User

Post by PitchinPennieson Apr 29, 2022 3:39pm
201 Views
Post# 34643455

Netflix and ZoomerMedia

Netflix and ZoomerMediaOverall, the trendline is looking not-so-rosy for media stocks. Over the last six months, NFLX is down to US$192 today, from its high of US$691 in mid-November. The explanation: the market is oversaturated in content. Post-Covid, there's too much media and not enough eyeballs to go around. More evidence of this fact is the decision to shut down CNN+ after a three-week run, at an estimated loss of US$250 million. Of course, ZoomerMedia has always been a penny stock, and always will be a flyspeck, Znaim's ego size to the contrary.

But the takeaway lesson is that there's way too much media and not enough consumers of media, and that will hurt ZUM as much its larger, more serious market competitors.

I mean, who needs the broadcast assets in a Roku planet, where there are streaming sources everywhere showing the same content (Doc Martin, Murder She Wrote, Marilyn's Singalong Jubilee) on demand? I say there's a 66 per cent downside in store for ZUM's share price, in line with the NFLX swoon.
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