Binge More, Spend Less: Verizon Offers Netflix & HBO Max at a Steal This Season
Portfolio Pulse from Anusuya Lahiri
Verizon Communications Inc plans to offer ad-supported versions of Netflix Inc and Warner Bros Discovery Inc's Max streaming services for about $10 a month combined, down from $17. The move is timed with the holiday season. Netflix and Warner Bros will share revenue with Verizon, though financial terms are undisclosed. Verizon's Q3 sales declined 2.6% YoY to $33.34 billion, slightly beating consensus. Netflix shares are trading higher by 0.46% at $437.13.
November 10, 2023 | 12:47 pm
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NEUTRAL IMPACT
Netflix will share revenue with Verizon from the discounted streaming service offer.
While the discounted offer could increase Netflix's user base, the revenue sharing with Verizon could offset some of the potential gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Warner Bros will share revenue with Verizon from the discounted streaming service offer.
While the discounted offer could increase Warner Bros' user base, the revenue sharing with Verizon could offset some of the potential gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Verizon plans to offer discounted streaming services, potentially attracting more customers.
The discounted streaming services could attract more customers to Verizon, potentially boosting its revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100