Netflix Earnings Have 5 Major Implications For The Entertainment Industry

While impressive, these results have much bigger implications for the entire entertainment industry. It is a bellwether for radical transformation.

1. The insatiable demand for streaming by trapped-at-home audiences suggests that the global streaming market may now be expanding fasterThe massive success of Disney Plus is testimony to the expanding universe, which I estimated will allow Disney Plus to become a $30 billion division by 2025 – . Newer entrants like HBO Max and NBC’s Peacock may have a slower start by being late to the party, but will still likely benefit from the market expansion.There were 100.5 million pay TV households in the United States in 2013 and 2014 according to eMarketer, but since 2016 the market lost about 4% each year, arriving at approximately 86.5 million by 2019.

So while Netflix’s Q2 earnings are stellar overall, the implications for the broader entertainment ecosystem are even bigger.

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Here's what every major Wall Street analyst said about Netflix's second quarter earnings reportNew for subscribers: Here's what every major Wall Street analyst said about Netflix's second quarter earnings report Check out CNBCPro for a free trial. Pro Netflix = commies ☠️🐀☠️
Source: CNBC - 🏆 12. / 72 Read more »

Netflix's elevation of Ted Sarandos to co-CEO pushes company closer to its true home: HollywoodBy making Ted Sarandos his co-CEO, Reed Hastings is further emphasizing that Netflix is more of an entertainment giant than a technology company. सभी सनातनी भाई बहनों को जय श्री राम 🚩follow करेंगे क्या ?madhulikagupta2 Hm. Maybe now netflix will give us a third and final season of Mindhunter since a content guy is co-CEO. (I wish!) The way they drop a show without any conclusion is a numbers guy move that doesn't take into account the ill will it creates towards the company.
Source: CNBC - 🏆 12. / 72 Read more »