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Netflix and Gaming Stocks Gain, Many Hollywood Majors Fall Amid Pandemic

Big media and entertainment stocks rebounded in the second quarter — along with the broader market as investors overall seemed to shrug off concerns about the novel coronavirus pandemic and the recession it has been expected to cause — but remain in negative territory for the year.

Sector investors had already been concerned about cord-cutting, the continued rise of streaming giants like Netflix, and new services, such as TikTok, grabbing younger audiences' attention.

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