Market Overview

Mario Gabelli Details His Top 3 Entertainment Picks

Mario Gabelli Details His Top 3 Entertainment Picks

Notable fund manager Mario Gabelli of GAMCO Investors is tapping into the minds of millennials to come up with investment ideas in the entertainment industry.

Speaking as a guest during CNBC's "Squawk Box" segment, Gabelli said that millennials want "experiences." Granted, many millennials spend a lot of their time online and on social media, but they also crave live experiences.

For example, Coachella, a massive outdoor concert, is the go-to experience for millennials. As such, investors should consider the company behind the event, Live Nation Entertainment, Inc. (NYSE: LYV).

In fact, Live Nation's stock soared more than 9 percent Friday morning and hit a new 52-week high of $34.99 in reaction to the company's first quarter results.

Gabelli emphasized Live Nation's Ticketmaster unit isn't as attractive as the company's core business of booking talent and finding a suitable venue in the hottest cities across the country where people are willing to pay good money.

Other Picks

Also, Gabelli finds shares of the Liberty Braves Group (NASDAQ: BATRA), the parent company of the MLB's Atlanta Braves, attractive. Investors can buy the tracking stock today for "half the price that someone will pay" to buy out the entire team along with the corresponding real estate, land, stadium, etc.

Finally, Gabelli also likes Ryman Hospitality Properties, Inc. (REIT) (NYSE: RHP), a hotel, resort, entertainment, and media company.

Related Links:

After Boats, Seaplanes And Autonomous Cars, Uber's Latest Experiment Is Food

Following Sprint Stake, How Does Jay Z's Tidal Investment Rank Among Hip Hop's Biggest Deals?
Image Credit: By Keith Allison on Flickr (Original version)UCinternational (Crop) - Originally posted to Flickr as "Andrew McKirahan"Cropped by UCinternational, CC BY-SA 2.0, via Wikimedia Commons


Related Articles (LYV + BATRA)

View Comments and Join the Discussion!

Posted-In: Analyst Color News Sports Movers Tech Media Trading Ideas General Best of Benzinga

Latest Ratings

JNJCantor FitzgeraldMaintains200.0
PCTYJMP SecuritiesMaintains220.0
KMBRBC CapitalMaintains147.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at