11:26 AM EST, 12/19/2024 (MT Newswires) -- Trade Desk ( TTD ) , Spotify ( SPOT ) and Netflix ( NFLX ) are the top picks for 2025 with an expected significant wave of consolidation in the media industry driven by both secular and cyclical challenges, BofA Securities said in a note Thursday.

The firm said that with regulatory changes expected under a new administration, mergers and acquisitions could see renewed momentum, while Comcast ( CMCSA ) and Warner Bros. Discovery ( WBD ) have already made moves that may signal a tipping point.

Live events are expected to thrive in 2025, and Live Nation Entertainment ( LYV ) will benefit from shifts in consumer spending, pricing power, and favorable supply-demand dynamics, according to the note.

BofA said that Spotify ( SPOT ) is well-positioned to benefit from the continued growth of music streaming while advertising is expected to stabilize after a challenging period.

Meanwhile, Trade Desk ( TTD ) is also well-positioned to capitalize on the decline of linear television, growth in ad-supported video on demand and programmatic advertising, the note said.

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