Netflix Rises Again While Disney Struggles To Revive Its Magic
Portfolio Pulse from Upwallstreet
Netflix Inc (NASDAQ:NFLX) is making a comeback as legacy media companies struggle with mounting costs and a Hollywood writers' strike. The Walt Disney Company is facing a decline in its legacy businesses, a loss-making streaming business, and a slumping share price. Netflix, on the other hand, is seeing a surge in shares and is setting the stage for its next phase of content growth by trimming costs and boosting engagement. The ongoing Hollywood strike could benefit Netflix as it continues to produce international content unaffected by the strike.
June 28, 2023 | 2:52 pm
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NEGATIVE IMPACT
The Walt Disney Company is facing a decline in its legacy businesses, a loss-making streaming business, and a slumping share price.
Disney is facing a decline in its legacy businesses and a loss-making streaming business, which is causing its share price to slump. The ongoing Hollywood strike could further exacerbate these issues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Netflix is seeing a surge in shares and is setting the stage for its next phase of content growth. The ongoing Hollywood strike could benefit Netflix as it continues to produce international content unaffected by the strike.
Netflix's shares are surging due to its cost-cutting measures and increased engagement. The ongoing Hollywood strike could further benefit Netflix as it continues to produce international content unaffected by the strike, potentially leading to further share price increases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100