http://www.cnbc.com/2017/05/04/netflix-hits-new-hi
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Posted On: 05/04/2017 2:35:51 PM
Re: tinytoes51 #77480
http://www.cnbc.com/2017/05/04/netflix-hits-n...eases.html
In addition, poor stock performance from traditional media companies could signify that investors are moving their dollars to streaming services, Bernstein senior analyst Todd Juenger told CNBC. Viacom beat estimates on Thursday, but shares were down 6 percent. Meanwhile, Time Warner remained flat despite coming in higher than analysts' revenue and earnings per share estimates on its earnings report on Wednesday.
"One could argue that old media's demise and Netflix 's success are correlated," Jenger said via email.
In addition, poor stock performance from traditional media companies could signify that investors are moving their dollars to streaming services, Bernstein senior analyst Todd Juenger told CNBC. Viacom beat estimates on Thursday, but shares were down 6 percent. Meanwhile, Time Warner remained flat despite coming in higher than analysts' revenue and earnings per share estimates on its earnings report on Wednesday.
"One could argue that old media's demise and Netflix 's success are correlated," Jenger said via email.
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