With corners of the media industry in upheaval, Netflix makes clear it's staying out of the fray
Publishing timestamp: 2024-07-18 16:54:02
Summary
Netflix added over 8 million subscribers in the second quarter, now totaling over 277 million global customers. The company is focused on taking market share from traditional TV, while competitors like Paramount Global and Warner Bros. Discovery face major changes. Netflix's second-quarter earnings report was solid, and the company is confident in its future growth potential. Despite competition from YouTube, Netflix is content to focus on capturing a larger share of the TV market. The company is not engaging in bundling with other streamers like Disney+, as it believes its content and product experience are strong enough to drive engagement and retention. Overall, Netflix's focus remains on building its advertising business and adding streaming subscribers.
Sentiment: POSITIVE
Tickers: WBD, GOOGL, PARA, NFLX,
Keywords: paramount global, technology, warner bros discovery inc, breaking news: business, business news, media, business, netflix inc, entertainment, alphabet inc,
Source: https://www.cnbc.com/2024/07/18/netflix-stays-out-of-media-upheaval.html