Netflix Adds 10 Million Subs But Stock Slides
As "consumers get through the initial shock of COVID and social restrictions," Netflix sees subscriber growth slowing to 2.5 million in the third quarter.
Disney Earnings Plunge Amid Park Closures
“Disney has gone from being on top of the world a la Lion King, to feeling like Eeyore stuck in the middle of a perfect storm with no end in sight."
Roku Shares Surge as Lockdowns Boost Revenue
The streaming device maker says people sheltering at home has "resulted in an acceleration in new account growth and an increase in viewing.”
Warner Music Pitches IPO on Streaming Surge
The record label believes "consumer adoption of paid streaming services still has significant potential for growth.”
Netflix Subscriber Growth in U.S. Misses Forecast
Netflix's "operations abroad look as promising as ever ... while clouds are beginning to gather in the company's home market."
CBS, Viacom to Reunite After 13 Years Apart
The reunification of Sumner Redstone's media empire will create "a world-class, multiplatform media organization," his daughter says.
Disney Profit Falls on Weak Results From Fox
The results from the Fox movie studio were “well below” what Disney hoped for “when we made the acquisition,” CEO Bob Iger says.
Netflix Posts Record Quarterly Subscriber Gain
“What’s making investors nervous is that there are signs of a slowdown in the second-quarter subscriber growth,” an analyst says.
Netflix Posts Big Rebound in Subscriber Growth
The streaming giant's strong Q3 “serves as a comeback after it failed to meet its own performance predictions in Q2."
Netflix Shares Dive as Subscriber Adds Miss
The company suggests the lower-than-expected subscriber growth in Q2 was a temporary blip but analysts fear the quality of its programming has declined.
Netflix Tapping Junk Bond Market for $1.5B
The streaming giant goes back to the high-yield market to help fund its massive content needs.