After Netflix and CNN+ busts, Wall Street wonders if streaming is a good investment

Netflix Inc.’s second consecutive ruinous quarterly forecast pummeled the stock this week — $50 billion in market capitalization disappeared in one day alone — and also made Wall Street wonder if streaming services are a good investment in general.

Rich Greenfield of Lightshed Partners also weighed in on subscription video-on-demand, or SVOD, in a Thursday note: “With [a total addressable market of 500 million to 1 billion subscribers globally] in question, increasing competition from tech giants who do not care about the short-term profits of SVOD and the need to constantly retain users with must-see programming , it is becoming clear that the profitability of SVOD may not be nearly as compelling as investors hoped and certainly nowhere...

“Consumers are more discretionary in their spending, which would help Disney, which is more hedged by the Disney bundle,” Erickson said. Consumers are voting for ad-supported services with their click finger, and they have an abundance of content to choose from, Mark Vena, principal analyst at SmartTech Research, told MarketWatch. Netflix must also contend with specialized content from Disney , Apple and FuboTV Inc. while maintaining its “everything for everybody” approach, he added.

Disney is so done . Under 100.00 soon

Until last year Netflix had the monopoly of the streaming even if there already was Amazon prime but since other streaming started to have their own service and wiping out their contents from Netflix, Netflix suddenly begun to lose the attractiveness.

Netflix destroys your human character in its deepest roots!

Your overthinking this. If Nobody watches cnn for free, Why would they pay to watch?

terrible investment. people payed for Netflix thinking it was going to be like the Spotify of movies. a place to watch any movie for a monthly fee

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MSNBC, ABC, CBS, NBC all avoid covering the demise of CNN+The liberal networks turned a blind eye towards CNN's devastating business blunder. Apart from a few setbacks within the left wing media, the Left have won in becoming the dominant culture in the US with laws giving them muscle. The Right won't make a comeback because Christianity in the West is losing to secularism and the church has moved far Left. I barely heard them talk about the flop TruthSocial is as well. What's your point? No need. You’re doing enough coverage on your own for everyone combined!
Source: FoxNews - 🏆 9. / 87 Read more »