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17.08.2019 17:31:00

Here's Why Losing "Friends" and "The Office" Won't Matter to Netflix in the Long Run

Netflix (NASDAQ: NFLX) set fire to the blogosphere with back-to-back announcements -- less than a month apart -- that the company was losing two of the most popular programs on its streaming platform. First, news broke in late June that the Comcast (NASDAQ: CMCSA) unit NBCUniversal outbid Netflix to reclaim the rights to The Office for its upcoming streaming service, though its 201 episodes won't be leaving the platform until January 2021.The second part of the one-two punch came in early July with the revelation that AT&T's (NYSE: T) WarnerMedia would be taking back all 236 episodes of Friends for its upcoming streaming offering, HBO Max.These programs are widely believed to be two of the most-streamed programs ever on Netflix, and with their departure, investors are justifiably concerned, but there's an important point that many are missing. Continue reading
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