Why Amazon's MGM Deal Is Bad for Netflix

Motley Fool2021-05-27

Amazon's (NASDAQ:AMZN) blockbuster acquisition of MGM Studios for $8.4 billion could cause headaches for rival Netflix (NASDAQ:NFLX) as it creates a much more formidable competitor in the streaming ...

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Comments

w8w8
2021-07-23
w8w8
steamed
CEM
2021-05-27
CEM
Now 2021
tehtarikrox
2021-05-27
tehtarikrox
Not sure if mgm is a good acquisition
Man15
2021-05-27
Man15
Good
Nzt48
2021-05-27
Nzt48
Hmmm
- Xavilien:
  Like and comment
JustTradeIt
2021-05-27
JustTradeIt
Nice read

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Though Netflix is often still considered to be one of the default options, Benchmark analyst Matthew Harrigan just told investors in a research note the \"global video streaming playing field is looking ever less unipolar\" around Netflix, and rival services will be seen as much more competitive.He's not alone. Truist analyst Matthew Thornton says Amazon's Prime Video is now \"more formidable,\" though he only sees it as \"modestly negative\" for Netflix and Walt Disney, and Piper Sandler analyst Thomas Champion said he believes it \"may be a bigger issue\" for the two.The deal gives Amazon much greater access to quality content and could lead Netflix to lose more content. 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2021","listText":"Now 2021","text":"Now 2021","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135315320","repostId":2138291120,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135310558,"gmtCreate":1622130394374,"gmtModify":1704180109500,"author":{"id":"3585083937653075","authorId":"3585083937653075","name":"tehtarikrox","avatar":"https://static.tigerbbs.com/f30e746726d1e611876555fc37f7015f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3585083937653075","idStr":"3585083937653075"},"htmlText":"Not sure if mgm is a good acquisition&nbsp;","listText":"Not sure if mgm is a good acquisition&nbsp;","text":"Not sure if mgm is a good acquisition","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135310558","repostId":2138291120,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135390201,"gmtCreate":1622129297703,"gmtModify":1704180077233,"author":{"id":"3585141137623938","authorId":"3585141137623938","name":"Man15","avatar":"https://static.tigerbbs.com/986bef33f8724289e8319a226e792861","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3585141137623938","idStr":"3585141137623938"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135390201","repostId":2138291120,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135071690,"gmtCreate":1622124210610,"gmtModify":1704179920917,"author":{"id":"3577231591134113","authorId":"3577231591134113","name":"Nzt48","avatar":"https://static.tigerbbs.com/c5f0cd8c4e1948ccc7e0a454c7af4f75","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577231591134113","idStr":"3577231591134113"},"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135071690","repostId":2138291120,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4472178,"gmtCreate":1622124532144,"gmtModify":1680791365541,"authorId":3576313172376807,"author":{"id":3576313172376807,"idStr":"3576313172376807","authorId":3576313172376807,"name":"Xavilien","avatar":"https://static.tigerbbs.com/962639a8d6e7bd6ab49585afdae2344b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135071690,"type":1,"supId":0,"prevId":0,"content":"Like 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