Netflix, Disney, WBD Shares Dive With Broader Market As Slow Retail Sales, High Interest Rates Fuel Recession Fears

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Media and entertainment stocks led by Netflix were among big losers Thursday as economic data and the latest Fed move has investors panicking about an imminent recession

. Netflix in particular — off nearly 10% — was knocked by a report that its ad-supported tier is having a tough debut.Digiday reported Netflix is falling short of viewership guarantees it made to advertisers and allowing them to take their money back for ads yet to run. Netflix doesn’t use traditional make-goods, which shift advertising cash into future promos, it says, but in some cases only requires marketers to pay for viewers they actually reach.

Analysts tend to agree. “It’s not a surprise,” said Tim Nollen of Macquarie Research in a note today, “given how little Netflix has promoted the tier and, hence, converted subs.” The Fed uses rate increases to slow the economy and tamp inflation, which reached its highest level in 40 years in 2022 as consumer spending, supply chain disruptions and other factors boosted demand and prices.

So, for the foreseeable future, consumers and companies will be facing both high prices and high interest rates, the latter possibly leading to recession. That keeps advertisers, who like economic clarity, on the sidelines.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

SAVE WARRIOR NUN SaveWarriorNun

Ups netflix what a pitty! start doing things right and SaveWarriorNun

Don't mess up with shapic tv shows SaveWarriorNun

They deserved it SaveWarriorNun

Il karma Netflix SaveWarriorNun

The karma of WarriorNun is beginning! Their downfall is near! SaveWarriorNun

overcome with sadness (real) SaveWarriorNun

aha SaveWarriorNun

when they cancel shows for more money 😅😂🤣 SaveWarriorNun

I know it's not just WarriorNun that's causing this, but a general lack of confidence in Netflix programming. Why bother with any of their new content when it won't last past a season? Maybe two if you're lucky, but it'll still end on a cliffhanger. SaveWarriorNun

Netflix coming under fire... hmmmmm SaveWarriorNun cancelnetflix

O karma vindo, espero que piore SaveWarriorNun

HAHAHA SaveWarriorNun

so sad SaveWarriorNun

Quero mais é que se fodam SaveWarriorNun

I love it SaveWarriorNun

dasurb SaveWarriorNun

dasurb

Well that is some good news it is what you deserve netflix! SaveWarriorNun

youd gain alot more subs back if you SaveWarriorNun

oh no i’m so sad for netflix SaveWarriorNun

MAYBE THEY SHOULD HAVE INSTEAD RENEWED WARRIOR NUN TO GET SOME POSITIVD PUBLICITY

Netflix is in a tedious predicament.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines