When Netflix Inc reports second-quarter earnings on Wednesday, a big question is how the streaming giant will handle a slew of new competitors ...
NEW YORK: When Netflix Inc reports second-quarter earnings on Wednesday, a big question is how the streaming giant will handle a slew of new competitors barging in to its territory.
Subscribers are likely to choose multiple online video options instead of picking just one. The Disney+ streaming service is expected to share 80per cent of Netflix's customers, said analysts at Raymond James and Associates.Advertisement Some analysts believe that as more well-funded streaming services enter the market, Netflix's subscriber growth rate will slow. The third-quarter forecast will be a key metric for shareholders.Netflix raised prices in Britain, Switzerland, Greece and Western Europe during the second quarter.
Investors should watch for the amount Netflix plans to spend on original programming and whether the company plans to close fewer licensing deals.More original projects are coming to Netflix including partnerships with"Grey's Anatomy" creator Shonda Rhimes.
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