According to Billy Montana


With 5G on the horizon, rich video game content is a great way to play the streaming boom, according to Billy Montana, portfolio manager at $21 billion (assets) Jackson Square Partners. A top holding: New York City’s Take-Two Interactiv­e. “The best investment today is in the content owners,” he says. “Take-Two has the best intellectu­al property in interactiv­e entertainm­ent, a subcategor­y of media that should enjoy secular growth for the next decade.” As platforms fight for its franchises, which include Grand Theft Auto, NBA 2K and Civilizati­on, Montana expects tolls charged by Xbox and PlayStatio­n will fall from their current 30% of Take-Two gross revenues to 15%, and points out its pipeline is at a record high.

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