Disney's 50M Streaming Subscribers No Reason To Celebrate: Here's Why [Yahoo! Finance News]
Netflix, Inc. (NFLX)
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Source: Yahoo! Finance News
Walt Disney CoDIS50 million subscribersStreaming Unprofitable BusinessDisney's management previously guided for 60-90 million subscribers by 2024 so announcing 50 million subscribers in 2020 certainly puts the company "way ahead" of schedule,Tepper said on CNBCMeanwhile, Disney has to navigate through some "serious headwinds" as 40% of its business is derived from parks. The unit will likely remain under pressure for longer than many assume and attendance will be low until the coronavirus is resolved with a cure or vaccine."Do you really want your kids touching a ride that 100 other kids touched that day?" Tepper asked. "Probably not. So I'm concerned the attendance at parks might be weak for another year or so."Media and studio make up another 40% of Disney's business and it's unclear if consumers will return to theaters in three or six months, he said.See Also: Roku Vs. Netflix: Needham's Laura Martin Sees A Clear Quarantine WinnerBuy Netflix InsteadTepper said he was a seller of Di
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- Mediawan In Talks To Buy Peter Chernin's The North Road Company [Yahoo! Finance]Yahoo! Finance
- How Apple TV Is Quietly Becoming a Threat to Netflix's Growth Story [Yahoo! Finance]Yahoo! Finance
- Netflix Offers Podcasts To Compete With YouTube [Forbes]Forbes
- Ted Sarandos says Netflix will commit to 45-day theatrical releases [Verge, The]Verge, The
- Netflix And Warner Bros.: Valuation, Debt, And Risks Discussed - Hurdles Ahead [Seeking Alpha]Seeking Alpha
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- NFLX's page on the SEC website