It is estimated that 1.5% of American households are cutting the cord on their annual cable subscriptions. Large media companies have adapted by distributing content using additional mediums, such as selling to steaming services. A robust labor market is likely to benefit media companies that operate movie theaters as consumers have more discretionary income to spend on activities they enjoy.

These 10 media stocks are well positioned to meet the industry’s ever-changing landscape in 2016 and beyond.

Comcast

Comcast Corp. (NASDAQ: CMCSA) offers media and television broadcasting services. One of its most prominent assets is NBCUniversal. Investors receive a 1.58% dividend yield. The company has a respectable forward price-earnings (P/E) ratio of 16.9 and had returned 18.89% year to date (YTD), outperforming the return of the Standard and Poor’s (S&P) 500 index by roughly 12% as of Aug. 19, 2016. Comcast has a $159.9 billion market capitalization.

Disney

The Walt Disney Co. (NYSE: DIS), founded in 1923, has a market cap of $154.9 billion and yields 1.47%. The company is engaged in media networks, studio entertainment, theme parks and resorts, and interactive media. Disney uses minimal shareholder equity to finance its assets, so it has a low debt-to-equity (D/E) ratio of 0.3. The stock had a YTD return of -7.59%, as of August 2016.

Time Warner

Time Warner Inc. (NYSE: TWX) operates cable television networks that offer feature films, television and home video production, and magazine production. Its Home Box Office (HBO) cable channel is home to the popular fantasy drama "Game of Thrones." The company has a market cap of $62.8 billion and offers a 1.86% dividend yield. The stock had returned an impressive 26.19% YTD as of Aug. 19, 2016.

Twenty-First Century Fox

Twenty-First Century Fox Inc. (NASDAQ: FOXA) produces and distributes motion pictures and television programs. It has a market cap of $46.8 billion. The stock had returned -6.85% YTD as of Aug. 19, 2016, and pays a dividend yield of 1.19%. The company’s stock has come under pressure due to allegations of sexual harassment by former Fox News CEO Roger Ailes in July 2016. This high-profile case is likely to result in Twenty-First Century Fox implementing strict anti-harassment policies to prevent similar events from reoccurring in the future.

DISH Network Corporation

DISH Network Corp. (NASDAQ: DISH), based in Englewood, Colorado, offers customers direct satellite subscription television. The company posted Q2 2016 net revenue of $410 million, an increase of 26% year over year (YoY). DISH has a market cap of $23.4 billion. Although the stock is down -11.86% YTD, it had performed strongly over the past three months, returning 13.54% as of Aug. 19, 2016.

CBS

Founded in 1986, CBS Corporation (NYSE: CBS) is engaged in broadcasting, television production and publishing. Some of its hit television shows include "The Big Bang Theory," "NCIS" and "Criminal Minds." The New York City-based company is cheaper than its peers, with a price-earnings (P/E) ratio of 15.3; this is close to the diversified media industry average of 16.5. CBS had a YTD return of 10.65% as of Aug. 19, 2016, and pays a 1.16% yield. Its market cap is $23.1 billion.

Discovery Communications

Discovery Communications Inc. (NASDAQ: DISCA) is a global media company that has a market cap of $10.6 billion. It owns and operates television channels as well as a portfolio of digital media services. The company posted strong Q2 2016 earnings per share (EPS) of 66 cents, exceeding analyst expectations of 56 cents a share. The stock had provided a breakeven return YTD as of Aug. 19, 2016.

Cinemark Holdings

Cinemark Holdings Inc. (NYSE: CNK) is a movie theater operator based in Plano, Texas, with cinemas located in the United States and Latin America. The company’s three-year average revenue growth of 4.9% is more than double the diversified media industry average of 2.1%. Investors have been kept satisfied, with a YTD return of 15.08% as of Aug. 19, 2016. Cinemark Holdings pays a dividend yield of 2.74% and has a $4.4 billion market cap.

DreamWorks Animation SKG

DreamWorks Animation SKG Inc. (NASDAQ: DWA) produces computer-generated animated feature films and television series. The company has a market cap of $3.6 billion. Investors had been rewarded handsomely, with a 58.94% YTD return as of Aug. 19, 2016. The stock is currently trading at $40.96, just 17 cents below its 52-week high of $41.13.

AMC Entertainment Holdings

AMC Entertainment Holdings Inc. (NYSE: AMC) operates movie theaters in the United States, Canada, Europe and Asia. Chief executive officer (CEO) Adam Aron said the company’s disappointing Q2 2016 results were an anomaly and is optimistic about the quality of Hollywood movies scheduled to be released for the 2016 holiday season and into 2017. The stock had performed strongly, appreciating 26.29% as of Aug. 19, 2016. It has a market cap of $2.9 billion and yields 2.67%.

Want to learn how to invest?

Get a free 10 week email series that will teach you how to start investing.

Delivered twice a week, straight to your inbox.