Media stocks are on fire. Take Time Warner and Walt Disney. Both stocks have crushed the market over the past year, up 51% and 32%, respectively. But are they the best Hollywood stocks to buy right now? Fool contributor Tim Beyers is more interested in lesser-known plays.
For instance, IMAX (NYSE:IMAX) tops his list of media stocks to buy. Why? Experiences. IMAX is serving up a premium theater experience at a time when premium theaters are popping up everywhere. Look at Iron Man 3. Marvel's Armored Avenger set a new record for IMAX showings in the U.S. and worldwide. IMAX also accounted for about 12% of Man of Steel's sturdy opening.
So, even if Apple (NASDAQ:AAPL) is disrupting the moviegoing experience by serving up 350,000 movie downloads per day via iTunes, there are enough high-octane flicks coming to the big screen to get even the most committed couch potatoes to an IMAX theater.
But IMAX isn't the only opportunity, Tim says. Please watch the video to see his other pick, and then leave a comment to let us know what makes your list of media stocks to buy now.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Apple, Time Warner, and Walt Disney at the time of publication. Check out Tim's web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
The Motley Fool recommends Apple, Imax, and Walt Disney. The Motley Fool owns shares of Apple, Imax, and Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.