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MoffettNathanson: Amazon should buy CBS to take on Netflix

Published 06/26/2018, 03:14 PM
© Reuters.  MoffettNathanson: Amazon should buy CBS to take on Netflix
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  • MoffettNathanson senior research analyst Michael Nathanson says Amazon (AMZN +1.8%) should purchase a media company like CBS (CBS -0.7%) to expand its content library to rival Netflix (NASDAQ:NFLX).
  • Nathanson says Amazon Prime Video’s growth could prove slow if Amazon tries to build marketing while producing its own shows.
  • CBS is currently in the middle of a court battle between National Amusements’ Shari Redstone and CBS CEO Les Moonves. An October 3 court date could decide the control of the company.
  • Nathanson does doubt that CBS will be “given their freedom from NAI’s control” but says “an M&A premium would quickly emerge” if it did happen.
  • Now read: Equity CEFs: Read It And Reap


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