The streaming giant, which had set aside $19 billion for content last year, is losing popular shows to new rivals, including 90s hit sitcom “Friends” that will move to AT&T Inc’s upcoming streaming platform HBO Max. Content from Comcast Corp, Disney, Fox and AT&T Inc-owned Warner Brothers accounted for more than half of Netflix’s viewing hours in 2019, according to Wedbush analysts. Netflix, which helped create the category of binge-watching, said on Tuesday it added 420,000 U.S. subscribers, below market estimates of 659,600, according to IBES data from Refinitiv. …read more
Source:: Yahoo Finance
