city Greenfield, county Rich

Netflix co-CEO Ted Sarandos defended the streamer’s stance on theatrical – that is, mostly skipping it – assuring Wall Streeters on a quarterly earnings call Thursday that it’s good business.

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Disney Stock Falters On Day 2 Of Bob Iger Reboot As Investors Gauge Impact Of CEO Shuffle

Disney stock faded more than 1% on the second day of Bob Iger’s return engagement as CEO, reflecting investors’ divergent outlooks on the media giant’s prospects

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Netflix’s First Quarter Shocker Is Driving Tougher Scrutiny of the Streaming Market

Netflix’s subscriber growth slowdown at the 222 million mark portends things to come for other major streamers is one of the biggest unknowns fueling media stock volatility. Hollywood has staked its hopes for growth over the past few years on drawing subscribers from the global market thanks to streaming’s ability to reach beyond geographic borders.Indeed, the mere suggestion that Netflix’s subscriber base may plateau at around a quarter-billion subs — after the company invested more than $87 billion in content since 2013 — contributed to Wall Street’s latest wave of sell-offs in the media and tech sector.

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