In the fight against slowing growth, Netflix and its rivals are all in this together
Publishing timestamp: 2023-01-19 17:30:47
Summary
Netflix's shares jumped 6% after hours after it gained 7.7 million subscribers in quarter. Disney, Comcast, Paramount Global and Warner Bros. Discovery also rose after hours. The streaming wars have been replaced by a common enemy of slowing growth, and the media companies are banding together to fight it. Netflix's big quarter doesn't yet include results from forcing password sharers to pay, which will kick into gear soon. The old media world was defined by Netflix disrupting legacy industry, but now, as Netflix goes, so goes media world.
Sentiment: POSITIVE
Tickers: NFLX, PARA, DIS, CMCSA, WBD,
Keywords: technology, business, paramount global, netflix inc, business news, breaking news: business, entertainment, media, warner bros discovery inc, comcast corp, walt disney co,
Source: https://www.cnbc.com/2023/01/19/netflix-rivals-fight-slow-growth.html