Tim Nollen: Last News

While the 70-day-old WGA strike has been an “annoyance” for entertainment companies, in the view of one Wall Street analyst, the SAG-AFTRA walkout will be “much more disruptive.”

Netflix is expected to announce a new price increase in the coming months.It comes as the streaming company prepares to report its summer-quarter earnings later today (October 17).In a note sent to his clients, Evercore ISI analyst Mark Mahaney has forecast a Netflix price hike “in the next 3-9 months, according to IndieWire.With this week’s earnings report, there’s “the potential for a major price increase announcement, including the U.S.,” New Street Research analyst Dan Salmon also wrote in an October 15 note, according to Variety.The ad-free versions of Disney’s Hulu ($18.99/month) and Warner Bros. Discovery’s Max ($16.99/month) are more expensive than Netflix’s Standard plan, and “we think Netflix boasts strong pricing power given it has not raised price on the Standard tier since January 2022,” Macquarie Equity Research analysts Tim Nollen and Ross Compton also recently wrote in a Q3 media and tech earnings preview.NME has contacted Netflix for comment on the potential price rises.It comes after the streaming service last raised prices in the UK and US this time last year with the price for the basic plan – the lowest tier plan without advertising – increasing from £6.99 to £7.99.The premium plan, which allows users to watch in Ultra HD and download on six supported devices at a time, also increased from £15.99 to £17.99.

Shares of Warner Bros. Discovery fell about 8% at market open after the NBA‘s announcement yesterday of three big rights deals with three WBD rivals, shutting it out of professional basketball.

Todd Spangler NY Digital Editor Wall Street is betting that Netflix‘s stream machine continued to fire on all cylinders coming into 2024. After netting a whopping 13.1 million new subs in Q4, Netflix is riding a wave of momentum that continues to be buoyed by the paid-sharing strategy, as it converts password borrowers into paying members, according to analysts.

Disney is poised to be the top entertainment industry beneficiary of a potential improvement in U.S.-China relations, according to a veteran Wall Street analyst.

Wall Street reviews of Netflix’ latest earnings ranged from upbeat to more cautiously optimistic, with the latter taking hold today after a major jump in net new subscribers failed to ignite sales last quarter.

Media and entertainment stocks led by Netflix were among big losers Thursday as economic data and the latest Fed move has investors panicking about an imminent recession. Netflix in particular — off nearly 10% — was knocked by a report that its ad-supported tier is having a tough debut.

Macquarie Capital analyst Tim Nollen has upgraded his rating on the stock of Fox Corp. to "neutral" and boosted his price target by $9 to $31, citing improving advertising trends that led him to increase his financial estimates, among other things.