Be very careful with Destra. The majority of content they have acquired over the past 6 months and continue to acquire has been underforming (they have inherited a lot of expensive, underperforming films from Magna). The problem being, is they have paid too much for "all rights" content and it has not lived up to expectations across all revenue streams. Wait until a lot of these failed films show up in the balance sheet, there will be a significant balck hole.
DES Price at posting:
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