|Day's range||61.70 - 63.26|
Netflix may have racked up the most Golden Globe nominations of any media company this awards season but that's not easing worries of a customer exodus. Shares of Netflix are down Tuesday after receiving their fourth Wall Street downgrade in two months. The premise behind Tuesday's downgrade from Needham: Netflix could lose about 4 million U.S. subscribers in 2020 due to rising competition from lower-priced streaming services including AppleTV+ and Disney+. In order to address the competition, Netflix is going to have to introduce a new lower-priced offering, according to the analyst who downgraded the stock. Another option: allow ads to play. Ads on Netflix? That's something the company has strongly been opposed to. Fear that rising competition will eat away at Netflix's sector-leading 61 million paying U.S. subscribers has weighed on investor sentiment, along with its heavy debt load to pay for all its original content. The stock is up only 13 percent year to date, while the gain for the tech-heavy Nasdaq is more than double that.
Disney+ downloads passed 22 million on mobile devices, the independently owned app-tracking company Apptopia announced Tuesday.
LOS ANGELES (AP) — “Game of Thrones” was both an unprecedented achievement and old-school role model in the TV decade that’s rolling its final credits. Installments of the elaborately produced hit were doled out one at a time by an established outlet, premium cable channel HBO. The new era arrived in 2013 when a full season’s worth of “House of Cards" popped up amid Netflix's on-demand movies and old TV shows.
Disney had earlier said its new service had witnessed "extraordinary consumer demand" on the day of the launch, reaching 10 million sign-ups. The company now serves about 41.5 million viewers in the United States, including subscribers for its other streaming businesses, Hulu and ESPN+, compared with about 61 million for industry leader Netflix Inc . Apptopia said Disney+ competitors, including Netflix and Amazon.com Inc's Prime Video, remain largely unaffected in terms of their performance during the same period.
Amazon (AMZN) strengthens competitive position in the video streaming market with broadcasting rights of European soccer Champions League matches in Germany.
On the tech side there is Meg Whitman, former head of Hewlett-Packard and eBay. The question is whether a pair of boomers — even hyper successful ones — can create a video platform that Gen Z wants to watch. Hollywood likes the idea.
Netflix says that 26.4 million households worldwide watched “The Irishman” in its first week of streaming. Netflix selectively announces viewership for its films and series, and they aren't substantiated by third-party data firms. Nielsen last week estimated that “The Irishman” was watched by an average audience of 13.2 million in the U.S. over its first five days of streaming, with 17.1 unique viewers.
Articles of impeachment against Trump. House Democrats support the new U.S., Mexico, and Canada trade deal. What's next on the U.S.-China trade war front. Some quarterly earnings news. And why Tilly's is a Zacks Rank 1 (Strong Buy) stock...
From "Succession" to the two Fyre Festival documentaries, Yahoo Finance staff pick the best business movies and TV shows of the year.
Apple's (AAPL) The Morning Show receives three nominations at Golden Globe. Netflix tops with 34 nominations, including 17 in television.
Netflix (NFLX) earmarks INR 3000 crores for local language content programming in India to fight against international and local streaming service providers amid price war.
Needham analyst Laura Martin, who downgraded the California-based tech giant to "underperform", believes Netflix will have to add a lower priced service to compete with competitors including Apple Inc's Apple TV+ service and Walt Disney Co's Disney+. The cut came a day after Netflix dominated nominations for January's Golden Globe awards, landing 17 in TV categories and 17 more for movies, including leading contenders "Marriage Story" and "The Irishman". Netflix's video streaming push has seen subscriber numbers dwarf those of rival services at the cost of huge investment in both regional and international content on its platform.
Investing.com - Netflix (NASDAQ:NFLX) fell Tuesday following a downgrade from Needham, which has already expressed its concern the streaming service would start bleeding subscribers as new rivals gain traction.
Netflix clinched its first-ever Golden Globes best picture nominations Monday. The streaming TV powerhouse grabbed 34 nominations, across the movie and television categories...