The press is finally catching on that when the streaming service spends a ridiculous amount of money on one thing, it is more than just making a film or tv show, but about lining pockets and laundering money.
Very dirty money.
Analyst Says Netflix’s “Worst Nightmare” Has Come True, Tips Stock Price To Halve
B&T recently reported on the potential for Netflix to make billions from showing ads on the platform.
And perhaps the likelihood of seeing ads on Netflix is higher than we thought, with one analyst heralding the streaming service’s doomsday in the same week it was announced classic sitcom Friends was moving to WarnerMedia’s new HBO Max service.
“Netflix’s glory days are over,” says editor of the RiskHedge Report Stephen McBride, in an article published on Forbes.
“And what’s coming next won’t be pleasant if you own Netflix stock.”
McBride points to the ‘awakening’ of powerful media companies like WarnerMedia and Disney, that have recently launched their own streaming services to rival Netflix.
“In the early 2010s, Netflix signed deals with movie and TV makers like Disney and NBC,” McBride says.
“For a small fee, Netflix bought the rights to air wildly popular content like the Marvel Avengers movies… and hit comedies like The Office and Friends.
“In other words, Netflix built its business on the back of other companies’ content.”
And the jig is now up for Netflix, according to McBride, with Netflix’s competitors ending their contracts with the service and launching their own alternatives.- Source