Published: Wed, April 17, 2019
Life&Culture | By Sue Mclaughlin

Guidance causes stock to sink despite beat — Netflix earnings

Guidance causes stock to sink despite beat — Netflix earnings

The company's acquisition of Fox's assets has given it a majority stake in online streaming service Hulu, which is jointly controlled by Disney, AT&T's (T) WarnerMedia, and Comcast's (CMCSA) NBCUniversal. Among the most anticipated originals is The Mandalorian, a live-action Star Wars series starring Pedro Pascal, Giancarlo Esposito, and Werner Herzog.

Netflix CEO Reed Hastings recently left Facebook's board following 8 years of service, reports claim that Hastings departure related to disagreements over President Donald Trump. But that might actually be good news for viewers who aren't keen on getting only a bunch of new Disney movies.

"These shows will be on the same level of quality that you've come to expect from Marvel Studios and we're taking advantage of the freedom offered by Disney+, exploring the MCU and our favorite characters over multiple episodes". "It is that simple". It will feature entertainment from brands including Disney, Pixar, Marvel, Star Wars, National Geographic and a few just acquired in the 20th Century Fox purchase.

The company insisted it's not anxious about competition from Disney Plus, Apple and other entrants into the streaming business.

Netflix still licenses shows like "Grey's Anatomy" from other studios and has also ramped up investments in its own programming to produce series like "Stranger Things".

If you've been waiting to learn important details about the new Disney streaming video on demand service Disney+, good news.

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The company projected that it would have from 60 million to 90 million subscribers by that time, with two-thirds of them outside the United States.

"We'll see what the right mix of features is, because there is a bit of magic to try and get the right set of features at the right price point in a way the consumer can relate to", said Peters.

Some analysts said, however, that they were not anxious about Netflix subscriber attrition in the wake of Disney+ - which will launch in November - thanks to Netflix's wide range of offerings.

How much are customers willing to pay for Netflix? The company released its first original programs last year, and plans to release at least a dozen original films this year.

At the same time, Google-owned YouTube has been steadily evolving from a global video sharing platform to an Internet-age television service.

Netflix expects subscriber growth to slow in the second quarter as the film and TV streaming firm continues to roll out price rises. Hulu is also expected to lose $1.5 billion in the current year. Now, many have made a decision to keep their content for their own services. Disney will, therefore, break its ties with Netflix (NFLX), on which it used to stream its movies, by the end of this year.

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