The price of Netflix (NFLX) dropped from $380 to $300.\nAnalyst Vijay Jayant said on Monday that investors were nervous about the\nNetflix business model with “a number of new Internet TV service launches\nfrom well-capitalized competitors over the coming months.<\/p>\n\n\n\n
Companies that recorded big losses were Walt Disney (DIS),\nApple, HBO Max, Comcast at NBCUniversal, Amazon and Roku.<\/p>\n\n\n\n
The first hint of what this means for Netflix and its\ninvestors may come on October 16, when Netflix reports its third-quarter\nearnings.<\/p>\n\n\n\n
Netflix shares have fallen about 25% since July 17, when\nthey revealed disappointing figures on the number of people signing up for the\nservice. Netflix added 2,800,000 as new subscribers but lost 126,000 from the\nUnited States in the quarter that ended in June. Wall Street, on the contrary,\nexpected 352,000 domestic customers and 4,800,000 new viewers abroad.<\/p>\n\n\n\n
“While we\u2019ve been competing with many people in the\nlast decade, it\u2019s a whole new world starting in November. It\u2019ll be tough\ncompetition\u201d Netflix CEO Reed Hastings told a Royal Television Society\nconference in Cambridge, England last month.<\/p>\n\n\n\n
But with huge leadership in subscribers and a great\nprogramming schedule, Netflix is \u200b\u200bnot in immediate danger.<\/p>\n\n\n\n
The competitors in Hollywood for Netflix – Disney, AT&T\nand Comcast have plans to enter the industry of live video streaming. But can\nthese companies merge against the industry giant Netflix?<\/p>\n\n\n\n
Netflix has forecast up to 750,000 paid subscriber\nextensions in the third quarter, with results due on October 16. Netflix is \u200b\u200ba\nmarket leader with some 60 million domestic subscribers and 91 million\ninternational subscribers.<\/p>\n\n\n\n
In the near future, the dominance of Netflix seems secure.\nBy 2021, a worldwide price war is expected to force Netflix to cut subscription\nfees from $16 to $9 a month. Laura Martin warned in a memo on Oct. 3 that the\ncompany risked losing 5 million to 10 million US subscribers and 60 million\ninternational subscribers in 2020 if it did not act soon.<\/p>\n\n\n\n
Netflix shares have risen 2.3% so far this year, while the\nNasdaq Composite Index (COMP) is up 20% and the S&P 500 (SPX) rallies 18%.<\/p>\n","protected":false},"excerpt":{"rendered":"
The price of Netflix (NFLX) dropped from $380 to $300. Analyst Vijay Jayant said on Monday that investors were nervous about the Netflix business model with “a number of new Internet TV service launches from […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[63,3,4],"tags":[74,66,79,28,36,34,114,127,120,10,58,57,70,47,86,31,18,80,23,46,109,81,85,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1393"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1393"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1393\/revisions"}],"predecessor-version":[{"id":1395,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1393\/revisions\/1395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1394"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}