entertainment,” the letter noted. “The competition for winning consumers’ relaxation time is fierce for all companies and great for consumers. The innovation of streaming services is also drawing consumers to shift more and more from linear television to streaming entertainment.”Even so, the company sees plenty of room for improvement, given that it accounts for 10% of total customers’ total TV time.
“We don’t have material viewing concentration as even our largest titles account for only a low single digit percentage of streaming hours,” the letter said. “From what we’ve seen in the past when we drop strong catalog content our members shift over to enjoying our other great content.” The company also rebuffed the oft-speculated notion that it might consider implementing an ad-supported tier in order to shore up its finances.
“We, like HBO, are advertising free,” the company said. “That remains a deep part of our brand proposition; when you read speculation that we are moving into selling advertising, be confident that this is false. We believe we will have a more valuable business in the long term by staying out of competing for ad revenue and instead entirely focusing on competing for viewer satisfaction.”
FriendsTV NetflixUK
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix Readies Quarterly Earnings Report In Shifting Streaming LandscapeNetflix will report its second-quarter results Wednesday during a period of dramatic change in the streaming sector, as bulls and bears marshal evidence for their contrasting views of the company&… I think If they stop taking poor show with other channels and and stop showing it on their own website, Netflix business will go up.
Source: DEADLINE - 🏆 109. / 63 Read more »
“It’s All Great Theater”: Does Netflix Really Need Friends or The Office?“Honestly, it feels like ‘Chicken Little,’” one expert says. “Netflix is the new cure for boredom at home—if The Office isn’t available, you’ll watch something else.” It needs The Office Yes I need them. I fall asleep to both. I don’t have to actively watch cause I’ve seen them all but enjoy the background noise.
Source: VanityFair - 🏆 391. / 55 Read more »
LIVE: Netflix reports its Q2 earnings as new competitors loom on the horizonNetflix posts earnings for Q2 2019 on July 17, and will update Wall Street on subscriber growth, revenue, and profit.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Netflix is set to report earnings after the bellThe report is a chance for Netflix to prove how it plans to compete against legacy media companies that are now expanding into streaming. Up or down?
Source: CNBC - 🏆 12. / 72 Read more »
Netflix stock drops more than 10% as earnings show huge drop in new subscribersNetflix Inc. shares plunged more than 10% in the extended session Wednesday after the video-streaming giant badly missed projections for new paid subscriptions. GarCapital Down from 5 day high in the low 380’s. Too many streaming competitors this is only the start!!!!! $DIS is gonna take over $NFLX
Source: MarketWatch - 🏆 3. / 97 Read more »
Netflix Misses Q2 Subscriber Forecasts, Hits Revenue Target, Beats On EarningsNetflix undershot its own guidance for net added subscriptions in the second quarter, blaming its own content slate and other variables rather than new competition or U.S. price hikes. It delivered…
Source: DEADLINE - 🏆 109. / 63 Read more »