How can you buy Discovery, Inc. shares?
When I used to be sick, I would sometimes watch the programmes made by Discovery for hours. They are still popular today and with the announcement of their streaming service, the company can improve its profitability in the future. But what is the best way to invest in Discovery? In this article we discuss how you can best buy Discovery shares.
Where can you buy Discovery stocks?
Are you confident about Discovery’s future? Especially with the new streaming service, there is potential for growth in the company’s results. A good broker to buy Discovery stocks is eToro. At eToro you pay no commissions on all shares. Use the button below to directly open an account at eToro:Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
How can you actively invest in Discovery?
Discovery’s stock price can fluctuate widely, depending on the latest news. It is therefore advisable to keep an eye on the popularity of the TV programmes and the streaming service. Even if Discovery’s performance declines, you can capitalize on this by opening a short position.
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What is Discovery’s stock price?
Are you curious about the evolution of the stock price of Discovery? In the graph below you can see immediately at what price you can buy Discovery shares:
Is it wise to invest in Discovery?
When you want to invest in Discovery, it is important to keep a close eye on the developments within the company. You see that people are increasingly cancelling their cable TV subscriptions. Within the current business form, the company still gets most of its money through these types of networks.
This may change if Discovery manages to achieve successful results with the streaming service. In the short term, there is no reason for concern: there are still enough people who watch television the old-fashioned way. However, when considering a long-term investment in Discovery, it is important to take this into account.
About the Discovery company
The company Discovery, Inc., formerly known as Discovery Communications, is a multinational mass media company. The company operates a group of factual and lifestyle television brands, such as Discovery Channel, Animal Planet and TLC. Following the acquisition of Scripps Networks International in 2018, networks such as Food Network and Travel Channel were added.
Discovery, Inc. is headquartered in Silver Springs, Maryland.
The history of the company
The company was founded in 1981. When the company was founded, it started with one channel, Discovery Channel. In 1991, the owners of Discovery Channel acquired The Learning Channel. The name of the company was changed to Discovery Communications in 1994.
In 1996, Discovery Communications launches a number of new networks, including Animal Planet and the digital cable channels Discovery Kids, Discovery Civilization and Science Channel. In 1997, Discovery Channel acquires a 70% stake in Travel Channel. In 1998, Discovery Channel acquired an interest in the troubled CBS Eye on People channel.
Discovery announced in July 2017 that it was acquiring Scripps Network International. The acquisition, which was completed in March 2018, was paid for with $14.6 billion. Following the completion of that acquisition, the company’s name was changed to Discovery, Inc.
The company’s departments
Discovery Inc. has four departments: Discovery Networks U.S, Discovery Networks Europe, Discovery Education and Discovery Commerce.
Discovery Networks U.S. manages seventeen English-language and two Spanish-language channels.
The main channels of Discovery Networks International are Discovery Channel and Animal Planet. These channels can be received almost anywhere in the world. This division has a total of around 100 different networks in more than 40 languages. When you want to invest in Discovery Inc., it is smart to investigate how the popularity of these networks develops. Do more people watch their programs? In that case, it can be interesting to buy Discovery Network U.S. stocks.
The educational videos on which Discovery Education focuses can be viewed online.
The Discovery Commerce department sells products related to the company’s networks.
Own streaming service
In January 2021 Discovery Inc. will launch its own streaming service. The streaming service Discovery, which will be launched in 25 countries, will also be available in the Netherlands from January. On this new streaming service, subscribers will get access to an extensive offer of reality television from The Netherlands and abroad and to sports. Also, the content of Eurosport will be available on this streaming service.
More and more companies are showing that a lot of profit can be made with streaming services. Everybody knows Netflix of course, but also the streaming services of Apple, Disney and Amazon show good results. When the streaming service of Discovery achieves good results, that might be a good reason to buy its shares.