Things over at Netflix are no longer rosy or perfect. The planet’s top streamer has hit a dead zone in three areas: 1) subscribers, 2) engagement [minutes watched], and 3) no massive cultural hits like Stranger Things, Tiger King, or House of Cards.
\n\nThe streamer’s problems are real and have manifested where nothing can hide, and that’s in a cratering stock price. Compared to this same time last year, Netflix’s stock is down an astonishing 45 percent. A little over two years ago, Netflix stock cost $115 per share. Today, it’s $66.
\n\nThis very real problem is also manifesting itself in two additional ways: People who matter are unhappy with Netflix co-CEO Ted Sarandos, and a series of new (and very dumb) ads pushing people to keep watching Netflix.
\n\n“Bela Bajaria and 1,000 Netflix staffers have been let go, and Peter Rice has parachuted in as the streamer’s content chief. But the real change at the streamer may still be to come,” reports the far-left Deadline. “As a coterie of mostly former and some current Netflix executives have banded together in opposition to co-CEO Ted Sarandos‘ strategy for the company.”
\n\n“With repeated assertions that ‘Ted has gone Hollywood,’ the former…
Original source: https://www.breitbart.com/entertainment/
