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 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."
The streaming device maker says people sheltering at home has "resulted in an acceleration in new account growth and an increase in viewing.”
The record label believes "consumer adoption of paid streaming services still has significant potential for growth.”
Netflix's "operations abroad look as promising as ever ... while clouds are beginning to gather in the company's home market."
The reunification of Sumner Redstone's media empire will create "a world-class, multiplatform media organization," his daughter says.
The results from the Fox movie studio were “well below” what Disney hoped for “when we made the acquisition,” CEO Bob Iger says.
“What’s making investors nervous is that there are signs of a slowdown in the second-quarter subscriber growth,” an analyst says.
The streaming giant's strong Q3 “serves as a comeback after it failed to meet its own performance predictions in Q2."
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.
The streaming giant goes back to the high-yield market to help fund its massive content needs.
America's largest radio station owner says "business realities" forced it into Chapter 11 despite its "impressive operating business."
