Netflix’s Biggest Wall Street Backer Downgrades It on Fear That Warner Deal Exposes Weakness to YouTube and TikTok Threat
Netflix’s Biggest Wall Street Backer Downgrades It on Fear That Warner Deal Exposes Weakness to YouTube and TikTok Threat
Downgrading his rating on Netflix shares from “buy” to “hold,” Pivotal Research Group analyst Jeff Wlodarczak says the megadeal reflects its concern that short-form is “is doing to streaming what streaming has done to traditional TV.”
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Source: Original entertainment report via The Hollywood Reporter
