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Netflix Inc (NASDAQ: NFLX) added more than 200 million subscribers last year, partly due to the COVID-19 pandemic which forced people to stay at home, but the streamer and its rivals face a customer churn, according to a report by Deloitte.
What Happened: The 15th edition of the “Digital Media Trends Survey” encompasses data from an online survey of 2,009 U.S. consumers and was conducted in February.
The report tracks five generations ranging From Gen Z to Matures, aged between 14 to over 75 years.
Among the respondents, 46% said low enough price was the most important factor in deciding to subscribe to a new paid streaming video service. This number overshadows the 35% who said content was their main consideration.
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Since 1995, Rick has been writing for The Motley Fool, where he s a consumer and tech stocks specialist. Yes, that s a long time with more than 20,000 bylines over those 24 years. He s been an analyst for Motley Fool Rule Breakers and a portfolio lead analyst for Motley Fool Supernova since each newsletter service s inception. He earned his BBA and MBA from the University of Miami, and he splits his time living in Miami, Florida and Celebration, Florida.
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Sports fans know a bad quarter when they see one, and
fuboTV (NYSE:FUBO) certainly got blown out through the first three months of 2021. Shares of the live-TV streaming platform tumbled 21% in the first quarter, but if you bump the starting line by a few weeks you ll find that fuboTV has surrendered more than half of its value in just the past two months.
By Tyler Clifford, CNBC •
Updated on March 12, 2021 at 5:20 pm
Rafael Henrique | SOPA Images | Getty Images
Netflix will be at a strategic disadvantage fighting for eyeballs as the economy reopens and consumers break away from lockdown habits, Needham analyst Laura Martin told CNBC. We re calling for an attention recession in 2021, she said in an interview on Power Lunch.
The streaming giant will have little in the way of blunting the financial impact of declining streaming viewing, unlike other diversified competitors with more revenue streams, she said.
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A Month Before GameStop, Retail Traders Delivered a $450 Million Windfall to Entertainment Giants hollywoodreporter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hollywoodreporter.com Daily Mail and Mail on Sunday newspapers.