Loomis Sayles, an investment management company, released its “Global Growth Fund” investor letter for the third quarter of 2025.  A copy of the letter can be downloaded here. In the third quarter, the fund returned 7.59% compared to 7.62% for the MSCI ACWI Index Net. The firm seeks to invest in high-quality businesses that possess sustainable competitive advantages and experience profitable growth, especially when these companies are trading at a substantial discount to their intrinsic value. In addition, ...

Core Insights - The article highlights that the United States continues to dominate the global media and entertainment industry, contributing $430 billion, which accounts for 39% of the total $1.1 trillion market [1] - The U.S. leads in various streaming segments, holding 53% of the global subscription video on demand (SVOD) revenue of $181 billion, 80% of the free ad-supported television (FAST) revenue of $6 billion, and 70% of connected TV advertising revenue of $48 billion [1] Group 1 - Korean content has become the most popular non-English programming globally, with several Korean works consistently ranking in the top ten on Netflix [2] - The combination of the U.S. as the largest FAST market and the high demand for Korean content presents a strategic opportunity worth billions [2] - Korean FAST channels possess a large audience base and global appeal, positioning them strongly to capture the U.S. market [2]

Core Insights - The United States dominates the global media and entertainment industry, accounting for 39% of total revenues, which translates to a $430 billion share of the $1.1 trillion worldwide market [1] Streaming Segments - The US leads in global subscription video on demand (SVOD) revenues, capturing 53% of the market, amounting to $181 billion [1] - The US also holds 80% of the free ad-supported TV (FAST) revenues, which is $6 billion [1] - In connected TV advertising, the US represents 70% of the total revenues, equating to $48 billion [1]