Warner Bros. Discovery (NASDAQ: WBD) has had a challenging run this year. The Collinsville Police Pension Board (CPPB) alleges Warner Bros. Discovery, which claims more than 92 million subscribers, has inflated the number by as much as 10 million. Lawyers for the CPPB say Warner Bros. Discovery has incorrectly counted customers of AT&T -- WarnerMedia's previous owner -- who were given access to HBO Max yet actually never logged in.
Netflix's (NASDAQ: NFLX) stock price plunged about 60% this year and erased nearly four years of gains. The bulls fled as the streaming video giant's subscriber growth stalled out and its operating margins declined. The bears believe Netflix's heyday is over.
There are two prevailing opinions of the upcoming, ad-supported version of Netflix's (NASDAQ: NFLX) streaming service. One only has to look at the results that Netflix's competitors are producing as well as Netflix's own outlook regarding its ad-supported platform. On the off chance you're reading this and aren't aware, Netflix intends to launch a lower-cost, ad-supported version of its streaming service in select markets sometime later this year, according to industry reports.