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Here are some of their takes:
Tom Rogers, a longtime media mogul who is now executive chairman of Engine Media, said Netflix still has the upper hand in its industry: I don t particularly buy the notion that their programming was thin. They ve done much better in terms of having new programming out there during the pandemic than anybody else. They had some very big shows out there at that point Bridgerton, Lupin. But look, it was a surprise that they slowed a little bit. Does it derail the Netflix thesis? No. Remember, two years ago, they missed by over 2 million [subscribers] in the quarter, the stock went down by 10%, and [subscribers] soared from there. Valuations soared from there. Even last year, they had a quarter of only 2 million [subscribers]. This quarter they hit 4 million [subscribers]. So, look, [subscribers] are going to be lumpy. It does suggest it s not so easy to build subscribers in the streaming world. I think others are going to struggle some with sluggis