19:51 • 1 year ago

Netflix’s crappy day: As its stock falls, a new competitor shows itself

bad Netflix, which built its suddenly-more-expensive instant streaming business on the back of content from the Starz network, is going to likely lose that content, after the network walked away from the bargaining table Thursday. Netflix’s stock did not react well to this news — it fell by 8 percent today.
worse Now, it looks like they could suddenly have a truly formidable competitor — Dish Network. See, the Dish Network, which bought Blockbuster a while back, is talking to Hulu about a buyout — and making Blockbuster a Netflix competitor. Reed Hastings, prepare to lose sleep over this. source

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