Netflix is that movie streaming platform which is used by millions of people worldwide. However, recently AT&T CEO said that the company has decided to buyback content of warner media. This content is currently used by other movie streaming platform. Warner media is that production house which owns famous TV shows like Friends and Netflix paid the company more than $100 million for acquiring Friends copyright, but it seems like this deal will be soon sinking. Accordingly, Netflix has more than 50 million users in the USA and 150 Million worldwide, but more than 73% of its users watch non-original content.
Netflix has bought many famous TV shows rights with it, but now warner media has decided to buy back its content, which is going to cost lots of money to Netflix. Netflix is trying its best to create original TV shows, and that’s the reason it so far has invested in many big productions of big films like The Irishman. AT&T CEO Randall Stephenson said that it’s better for company to bring the policy of renting TV shows on subscription basis model rather than giving their content to other movie streaming platforms. Hulu, on the other hand, is also going to lose some of its favorite TV shows if Warner media decides to buyback its original content.
Many people still love to watch friends on Netflix became its that show which has become the third most watched web show on Netflix. The popularity of content is what matters the most when it comes to deciding whether people are going to like a show or not because many of them still prefer to watch old TV shows. This news came on the same day when Disney said they now are going to have full control over Hulu, which is another significant threat for Netflix. Disney is soon going to compete Netflix with its cheap and high-quality performance.
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Bill has been in the journalism field for over four years. He has a good knowledge of the business sector. He has a bachelor’s degree in business and analytics and is well informed about the marketing industry. He prefers to focus on energy, finance, raw materials, capital goods, and the world economy.