2.8 million subscribers internationally in the period, roughly half what the company predicted.“Netflix has a difficult road ahead, with looming competition and the removal of popular content,” said EMarketer Inc. analyst Eric Haggstrom. But a stronger lineup of new shows in the current quarter could help attract former subscribers, he said.
Netflix looks to add 7 million subscribers in the current quarter, thanks in part to the return of top shows “Stranger Things” and “Orange Is the New Black.” Netflix is introducing a cheaper, mobile-only package in India to attract customers in a big market with price-sensitive customers. Another challenge: Competitors are taking back rights to programs that have been popular on Netflix, including “Friends” and “The Office,” to use for their own services. That will force Netflix to rely even more on its original productions.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Investors Gorge on African Bonds, But They’re Dodging Its StocksAfrican local bonds are on a tear as investors flock to riskier assets. But the continent’s stocks are missing out, despite being much cheaper than their emerging-market peers.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: China Economy Slips to Record Low Growth Amid Stabilizing SignsChina’s economy slowed to the weakest pace since quarterly data began in 1992 amid the ongoing trade standoff with the U.S. But monthly indicators provided signs that a stabilization is emerging.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Sub-Zero Bonds Start to Appear in Emerging MarketsA sinkhole of negative-yielding debt in emerging markets has doubled in size over the past week. This time last year it was non-existent.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Tuesday, July 16: Five Things You Need to Know to Start Your DayDonald Trump weighs in on China GDP. Facebook won’t launch Libra until regulators are satisfied. And a former U.S. National Security Advisor spars with a Chinese diplomat on Twitter over race. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Economic (in)flexibility: There’s just no fiscal spaceMost countries have one thing in common: Heavily indebted governments. So it would be unrealistic to expect fiscal policy to come to the rescue in the event of a global recession – unless they build up a buffer during the years ahead by engaging in fiscal consolidation.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Limited Liability of Big Tech Under the MicroscopeUS senators used a Congressional hearing on Tuesday to push the idea of overhauling a law that protects YouTube, Facebook and other internet services from being sued for the content users post.
Source: dailymaverick - 🏆 3. / 84 Read more »