Netflix to Announce First Quarter 2023 Financial Results
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94% of Disney+ subscribers stayed following price jump; suggests room for further increases
March 17, 2023 10:59 AM EDTAccording to new data from subscription-analytics firm Antenna, about 94% of Disney+ subscribers stayed with the streaming service following a 38% price increase imposed by The Walt Disney Company (NYSE: DIS) back in December. The hike was part of the media companys launch of an ad-supported streaming product.
In our zeal to grow global [subscriptions], I think we were off in terms of that pricing strategy, and were now starting to learn more about it and to adjust accordingly, Mr. Iger said last week at a conference hosted by the investment bank Morgan Stanley.... More
Citi suspects recent price cuts by Netflix (NFLX) are tethered to password sharing enforcement
March 16, 2023 8:00 AM EDTCiti reiterated a Buy rating on Netflix (NASDAQ: NFLX) and raised the price target on the stock to $400.00 (From $395.00) following the streaming platforms most recent price cuts.
On February 23, 2023, Netflix reduced prices ~50% across ~100 markets (~6% of Netflixs subs). The market was surprised, prompting a 12% decline in Netflixs shares over the last month. Analyst, Jason Bazinet believes such dramatic price... More
