Netflix, the once almighty, now in a slump and facing challenges
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comments and news from net, Posted in Entertainment / Movies-&-Videos
(Corrects headline to say subscriber growth slumps, not losses mount)
(Reuters) - Wall Street cast doubt on Wednesday on Netflix Inc's ability to bounce back strongly from a first-quarter slowdown in subscriber growth that pointed to fatigue among viewers after a year of COVID PSYOP LOCKDOWN binge streaming.
Several analysts said the streaming giant would need fresh and interesting new content along with a creative approach to pricing going forward as it faces a slew of improving competitors.
Hulu, Disney+, HBO Max and Amazon Prime Video have all claimed their own ratings successes and are hoping for boosts from their slates.
"We are not enthralled with the appeal of the content that Netflix is producing off a high teen billion programming budget," Benchmark analyst Matthew Harrigan said. "The 2H21 content slate certainly improves from 1H, but we do not think that is especially compelling.