New York, January 23 (FinanceEnquiry.com) - Analyst Doug Mitchelson of Deutsche Bank Securities provide a brief note on Entertainment Industry.

In a research note published yesterday, the analyst mentions that investors are inquisitive about the company's settling back down to market performers, after three years of strong outperformance driven by the
advertising recovery and valuations expanding back to S&P 500 levels.

Despite a tough comp film quarter, the analyst expects that there will be another strong quarter in Q4 with coverage revenue growing 5 percent, EBITDA 11 percent and EPS 23 percent. This will put media among the strongest sectors in the economy this quarter.

For C-Q4 EBITDA, CBS has been raised 2.4 percent, Newscorp 1 percent and Disney 5 percent, while Viacom has been reduced 2.6 percent, and Discovery, Scripps and Time Warner remain unchanged. The EPS estimates for CBS, Discovery, Newscorp, Disney and Time Warner have been raised due to improved macro trendline and still strong national TV advertising glide path, the analyst says.