Netflix shares slide on disappointing subscriber growth
5 years, 8 months ago

Netflix shares slide on disappointing subscriber growth

Live Mint  

San Francisco: Netflix shares plunged in after-hours trade on Wednesday after its quarterly update showed weaker-than-expected subscriber growth for the streaming television sector leader. "Netflix has a difficult road ahead with looming competition and the removal of popular content, but a strong content schedule in Q3 should draw many former subscribers back in," said eMarketer forecasting analyst Eric Haggstrom. WarnerMedia will launch its new Netflix rival "HBO Max" in early 2020 after reclaiming the rights to stream its popular television comedy "Friends," the company said Tuesday. Netflix last month made its first formal appearance at the annual Electronic Entertainment Expo, showcasing plans for video games based on hit original shows such as "Stranger Things." Netflix this year will also release a strategy game spinning off an original "The Dark Crystal: Age of Resistance" television series based on a dark puppet animated film from 1982.

History of this topic

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