There's growing evidence that the video-streaming leader is close to saturating its biggest markets.
Movie-theater operator AMC Entertainment Holdings (NYSE: AMC) is teetering on the edge of bankruptcy in 2020. It's easy to point a finger at the health crisis as the root cause of AMC's financial trouble, but the real reason behind the company's impending doom actually started many years ago. Once upon a time, AMC Theatres was an innovative force in the movie industry.
The days of Netflix (NASDAQ: NFLX) borrowing billions of dollars or euros to fund its massive content spending are coming to an end. "Our need for external financing is diminishing," management wrote at the conclusion of its third-quarter letter to shareholders. Netflix expects free cash flow to range between -$1 billion and break-even in 2021, with continued improvement in 2022 and beyond.