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The streaming wars are over. Netflix won: Analyst explains [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
The streaming service did, however, share second-quarter guidance that fell below expectations. In addition, the streamer announced that starting next year, it will end its reporting of quarterly membership numbers. Should this worry investors moving forward or is there more at play? Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan joins Market Domination Overtime to give insight into why she has declared Netflix the winner of the streaming wars. Ranganathan explains her stance: "To a great extent, the streaming wars are kind of over, I think Netflix has kind of won it. And, yes, you're right... this shakeout has been happening in a pretty small way. I think it's going to be happening in a much more aggressive way. We're already seeing talks of consolidation whether it's with Paramount ( PARA ) or the smaller players, so that obviously is going to play out. We're seeing Netflix also take a complete shift in its content strategy. We used to see them be much more bol
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