Netflix Execs Talk Film Push, Streaming Competition, ‘Seinfeld’ Deal & More In Q3 Earnings Interview

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The Netflix management team spent a large portion of their 38-minute “earnings interview” for the third quarter highlighting their aggressive push into the film business and their view …

said, “These are big, theatrically ambitious-type films that you’ll be able to watch on Netflix, included in your subscription. It really is a fundamental change in the economics of how people enjoy films.”

Rivalry in the streaming space — with Apple, Disney, WarnerMedia and NBCUniversal all launching new services in the next six month — not surprisingly took up significant time in the interview. CFO Spencer Neumann said the company has tried to adjust its forecast to allow for the fact that “several new competitors are launching and, inevitably, there’s going to be some curiosity and some trial of those competitive service offerings.” He later said he looked forward to “having some of these competitive launches in the rear-view” to enable the waters to calm a bit.

 

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

Earnings interview is dumb.

That don't look Seinfeld

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 US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank earnings beat the Street, but execs warn lower rates to pressure future earningsBank executives warned that low interest rate's hit to net interest margin growth could hurt future earnings. How much of the number was made on accounting gymnastics such as stock buy backs?
Source: CNBC - 🏆 12. / 72 Read more »

International Execs Descend on Rome as MIA Market Serves Fresh Films, TV Dramas, DocsRome’s MIA market for TV series, feature films and documentaries kicks off today with hundreds of international buyers descending upon the Eternal City for four-days (Oct. 16-20) of presentations o…
Source: Variety - 🏆 108. / 63 Read more »

Netflix Set To Report Earnings As Streaming Wars IntensifyAs competition heats up in the world of streaming content, Netflix prepares to release Q3 earnings. Here’s a look at the numbers and a snapshot of the competitive environment.
Source: Forbes - 🏆 394. / 53 Read more »