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Stock impact report

Netflix Just Slashed Its Content Budget by 10% [The Motley Fool]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: The Motley Fool
Netflix(NASDAQ:NFLXWith productions halted, Netflix expects its cash spending to come in much lower than originally expected for 00. It originally anticipated negative $. billion in free cash flow for the year, but management now expects cash burn to total less than $ billion. In other words, it's suspending about $. billion in planned content spend for the year -- about 0% of its $ billion content budget.The move certainly isn't ideal; management would much rather spend that extra $. billion. But management believes it's in a much better position to weather the production delays than competitors such asDisneyNYSE:DISImage source: Netflix.More Netflix originals in 00 than 09Netflix's binge-watching release strategy is a saving grace for the company right now. Releasing every episode at once means the timeline from when Netflix starts productions to when it releases shows is typically very long. Production studios releasing episodes over several months may have much shorter windows bet Show less Read more
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