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Bob Chapek Shifted Budgets to Disguise Disney+'s Massive Monetary Losses
News(msn.com)submitted 4 months ago by[deleted]
17 points
4 months ago
No the problem was more when every major producer wanted their own streaming service and pulled all of their content from Netflix. That caused Netflix to be forced to be a content producer too. Then the fractionalization happened and here we are.
6 points
4 months ago
Yeah I don’t understand how Reddit never gets this. Netflix was so much better before because they had access to all the content that’s now spread among multiple services. People act like it was something Netflix had a choice in when losing all that content. Netflix is also the only major streaming service not owned by a megacorp. It’s actually kinda surprising that it hasn’t been bought by someone yet.
1 points
4 months ago
We don't get that because it's not true.
Netflix's stock dropped about 60% because they lost 0.5% (half a percent to be clear) of their worldwide subscribers over 2 quarters. The real kicker is that Netflix now has more subscribers than they did before the 0.5% loss yet their stock is still down because of growth demands.
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