Excerpts from article:
...Netflix Inc has entered a new year that will be far tougher than the one it left behind.
...Rivals including Walt Disney Co and Apple Inc are now fighting for streaming customers, and Netflix said it expects to add 7 million subscribers globally in the first quarter, below analysts' average of 8.82 million, according to IBES data from Refinitiv.
...Netflix Chief Executive Officer Reed Hastings described the fourth quarter's 8.76 million net subscriber growth - boosted by a new season of royal drama "The Crown" and two films nominated for Best Picture Oscars - as "Just amazing."
...As streaming video has grown in the United States, the market has become more competitive, pushing Netflix to look overseas for growth.
...The addition of new streaming platforms - taking more out of a household's monthly entertainment budget - has also made it harder for Netflix to raise prices, as it did in the United States last year.
Submitted 1555 days ago
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