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I have been saying these fuckers lost focus. Steve Jobs wins again. Drowning people with content is not the answer. Amazon is closing in. Disney. AT and T. Comcast. Even fuckin Apple TV signed Oprah. They are not letting Netflix own that space anymore. I said Netflix was the next AOL.
The streaming giant added 5.15 million subscribers during the period, far fewer than the 6.2 million it had forecast in April.
Netflix shares on Monday dropped significantly after the company reported slower-than-expected subscriber growth.
The streaming giant, which has seen user growth slow in the U.S. as it nears market saturation, had been counting on its global push to help it continue to grow at a rapid clip. But Netflix's international user growth disappointed on Monday when it reported its second-quarter earnings results.
Netflix shares have surged more than 100 percent since the beginning of the year, boosting the company's market cap (around $174 billion on Monday) to above that of entertainment and media giant Disney ($164 billion). The companies are poised to duke it out for streaming audiences next year after Disney launches its planned family-friendly streaming service. But Hastings also called out the consolidation in media — including the recently closed AT&T-Time Warner deal and the pending Fox sale — as creating more competition for the streamer, too. "Our strategy is to simply keep improving, as we've been doing every year in the past," he noted.
https://www.hollywoodreporter.com/news/netflix-stock-plummets-weak-subscriber-growth-1127434
The streaming giant added 5.15 million subscribers during the period, far fewer than the 6.2 million it had forecast in April.
Netflix shares on Monday dropped significantly after the company reported slower-than-expected subscriber growth.
The streaming giant, which has seen user growth slow in the U.S. as it nears market saturation, had been counting on its global push to help it continue to grow at a rapid clip. But Netflix's international user growth disappointed on Monday when it reported its second-quarter earnings results.
Netflix shares have surged more than 100 percent since the beginning of the year, boosting the company's market cap (around $174 billion on Monday) to above that of entertainment and media giant Disney ($164 billion). The companies are poised to duke it out for streaming audiences next year after Disney launches its planned family-friendly streaming service. But Hastings also called out the consolidation in media — including the recently closed AT&T-Time Warner deal and the pending Fox sale — as creating more competition for the streamer, too. "Our strategy is to simply keep improving, as we've been doing every year in the past," he noted.
https://www.hollywoodreporter.com/news/netflix-stock-plummets-weak-subscriber-growth-1127434