11 Dec Netflix Must Add Ads or Lose Millions of Users, Needham Says [Bloomberg]
By Ryan Vlastelica
December 10, 2019 | Netflix Inc. was downgraded to the equivalent of a sell at Needham, which reiterated its view that the video-streaming company was at risk of losing millions of U.S. customers in 2020 given rising competition, including from low-cost rivals.
The company “must add a second, lower priced, service to compete with Disney+, Apple+, Hulu, CBS All Access and Peacock,” analyst Laura Martin wrote to clients, who forecast 4 million U.S. subscriber losses next year if the company doesn’t make changes.
Read more on Bloomberg.