By Reuters Staff
(Corrects headline to say subscriber growth slumps, not losses mount)
(Reuters) - Wall Street cast doubt on Wednesday on Netflix Inc’s ability to bounce back strongly from a first-quarter slowdown in subscriber growth that pointed to fatigue among viewers after a year of COVID-19-driven binge streaming.
Several analysts said the streaming giant would need fresh and interesting new content along with a creative approach to pricing going forward as it faces a slew of improving competitors.
The channel had big ratings successes last year with “The Queen’s Gambit” and “The Crown” but production houses are struggling to complete shows worth billions of dollars it has ordered in the hope of extending its dominance of the streaming space.
Wall Street worries over Netflix fatigue as subscriber losses mount
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio.
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