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Variety: "Netflix Loses $54 Billion in Market Cap After Biggest One-Day Stock Drop Ever"
TheWrap: "Netflix Animation Erased: Executives Fired, Shows Canceled, and Accusations of Staged Data"
Variety: "Netflix Loses 200,000 Subscribers in Q1, Predicts Loss of 2 Million More in Q2"
THR: "Netflix to Start Pulling Back Content Spend After Losing Subscribers in Earnings Miss"
Netflix's earnings are getting killed by competition from Disney+, HBO Max, Amazon Prime Video, etc.
In response, Netflix tried to increase subscriber fees to gain back revenue, but that just made people leave their platform.
To try to reverse their fortunes, Netflix is now considering cracking down hard on password sharing. I'm not sure that's going to have the revenue-raising effect that they want...
TheWrap: "Netflix Animation Erased: Executives Fired, Shows Canceled, and Accusations of Staged Data"
Variety: "Netflix Loses 200,000 Subscribers in Q1, Predicts Loss of 2 Million More in Q2"
THR: "Netflix to Start Pulling Back Content Spend After Losing Subscribers in Earnings Miss"
Netflix's earnings are getting killed by competition from Disney+, HBO Max, Amazon Prime Video, etc.
In response, Netflix tried to increase subscriber fees to gain back revenue, but that just made people leave their platform.
To try to reverse their fortunes, Netflix is now considering cracking down hard on password sharing. I'm not sure that's going to have the revenue-raising effect that they want...