Netflix’s First Quarter Shocker Is Driving Tougher Scrutiny of the Streaming Market

Have we seen the ceiling for high-end streaming? Whether Netflix’s subscriber growth slowdown at the 222 million mark portends things to come for other major streamers is one of the biggest unknowns fueling media stock volatility. Hollywood has staked its hopes for growth over the past few years on drawing subscribers from the global market thanks to streaming’s ability to reach beyond geographic borders. Indeed, the mere suggestion that Netflix’s subscriber base may plateau at around a quarter-billion subs — after the company invested more than $87 billion in content since 2013 — contributed to Wall Street’s latest wave of… Read Full Article