Whatever subscriber and other trends may be near-term, the company"is likely to remain as the dominant global SVOD player for the foreseeable future," says Pivotal's Jeff Wlodarczak.
He said the increase is"primarily" driven by focusing on a year-end 2021 rather than a 2020 target given the year is nearly over. Ahead of the company's third-quarter earnings report, Wall Street has been debating its subscriber momentum, including the potential impact from a"On the surface, 2.5 million net new subscriber guidance appears reasonable given potential churn from the strong first half as economies open up somewhat and comping very strong third-quarter 2019 programming slate and launch of Peacock and to a lesser extent HBO Max and the return of sports," he argued though.
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