|Bid||299.75 x 900|
|Ask||299.82 x 900|
|Day's Range||297.68 - 305.00|
|52 Week Range||231.23 - 386.80|
|Beta (3Y Monthly)||1.36|
|PE Ratio (TTM)||118.03|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Apple is revealing new details for its streaming platform. Apple TV+ is set to launch in November, and it's the latest push in Apple's drive to reach $50 billion in service sales by 2020. Apple is spending $6 billion on original shows for the service, which is rumored to cost $9.99 per month.
Several news outlets have recent reported information that offers more visibility into what Apple TV+ could cost when it launches.
The stock market is never a sure thing, with even the most seasoned investors placing the occasional wrong bet. So how are investors supposed to avoid this pitfall? One simple strategy can come in handy: look for stocks with exceptional potential for growth. These stocks with huge upside potential can make especially compelling investments. We turned to the TipRanks stock screener to help us pinpoint 3 stocks that are poised to outperform the broader market over the next twelve months. We filtered the results to show stocks with “strong buy” consensus ratings, narrowing our search down to the stocks with over 30% upside potential from the current share price.Let’s take a closer look at these 3 ‘Strong Buy’ stocks that analysts believe could soar: Nokia Corporation (NOK) - 34% UpsideWhile a complete 5G takeover won’t happen in 2019, Nokia is expecting the game-changing technology to fuel solid growth.The company has already started preparing for when the 5G era is ushered in, making a significant investment in upgrading its infrastructure. Nokia already has 45 5G-related hardware contracts throughout the world. This is on top of the 1,500 5G-related patent families that NOK has filed patents on. Furthermore, the company has placed a substantial focus on expanding the enterprise segment of its business. It has acquired 32 new enterprise customers, adding to the 150 it gained in 2018. While the telecommunications company faces stiff competition, one top analyst believes its superior product offering will give it the advantage.“We believe only Huawei and Nokia have full end-to-end product portfolios with wireless, fixed networks, and IP routing solutions, positioning Nokia for leadership with the top carriers as networks transition to 5G. Further, with Huawei still potentially banned from certain markets, we view Nokia as the only global supplier with an end-to-end solution, as evidenced by leading global carriers choosing Nokia as a partner for 5G deployments,” said Canaccord's Michael Walkley, a five-star analyst according to TipRanks. As a result, Walkley reiterated his Buy rating on NOK stock, with a 12-month price target of $7.00, implying 34% upside from current levels. In the long-term, Walkley believes the company can emerge as an industry leader. “Further, we anticipate an increasing revenue mix from higher-margin regions as the U.S., Japan, and Korea represent some of the early adopters of 5G investments. We also anticipate higher-margin software and enterprise sales will grow faster than the company average and contribute to longer-term margin expansion,” he explained. TipRanks’ data shows a small but bullish camp backing this telecoms equipment maker. The ‘Strong Buy’ stock has amassed 3 ‘buy’ ratings in the last three months. The 12-month average price target stands tall at $7.50, marking nearly 43% in return potential for the stock. (See NOK’s price targets and analyst ratings on TipRanks) Netflix (NFLX) - 37% UpsideAfter its recent second-quarter earnings release showed a loss of 126,000 new subscribers, investors were left wondering whether Netflix's slip up was a temporary occurrence or a long-term trend. However, some analysts maintain that the streaming platform’s long-term growth narrative remains unchanged.The drop in subscribers has been attributed to the weaker content lineup in the quarter. That being said, the company is already making up for it with the third season of its hit show, Stranger Things. In just four days after its release, over 40 million households had seen at least part of the season. The stronger content slate includes new seasons of fan favorites La Casa de Papel, The Crown and Orange Is the New Black as well as Robert De Niro’s film, The Irishman.Five-star J.P. Morgan analyst, Doug Anmuth, argues that the impressive content lineup puts Netflix on the path towards long-term growth: “It may not be easy, but we believe its net adds target is achievable given the slate and shift of marketing spend into the second half of the year. Importantly, we do not believe Netflix is factoring in much for new mobile-only subs in India in 2H 2019 numbers.”Based on the above, Anmuth the analyst believes shares could jump by 37% over the next twelve months, as he reiterates a Buy rating and $450 price target on NFLX stock. Netflix also stands to benefit from the continued shift away from linear TV. Worldwide internet penetration is only expected to increase, with the number of users reaching 5.5 billion by 2025 according to current estimates. The TV streaming penetration rate is expected to rise at a similar rate as internet households shift to more convenient and less expensive internet TV.While the company does face competition from Disney’s (DIS) new streaming service, Anmuth doesn’t believe that it will have a major effect on Netflix's subscribers. Wall Street is on the same page. This ‘Strong Buy’ received 26 Buy ratings vs 5 Holds and 1 Sell over the last three months. Not to mention its $412 average price target suggests 33% upside potential from current levels. (See NFLX’s price targets and analyst ratings on TipRanks) World Wrestling Entertainment (WWE) - 77% UpsideA series of injuries as well as the drop in ratings and attendance weighed heavily on WWE earlier this year. That being said, the wrestling media company has come a long way, showing investors that it’s making moves in the right direction.In late July, WWE posted a Q2 earnings beat in addition to maintaining that it will reach its adjusted OIBDA target for full year 2019 of at least $200 million. Marci Ryvicker, a five-star analyst, notes that while management’s tone wasn’t overly exciting, it seemed to be more optimistic than it has been in a while.The company has made progress in improving the brand with continued investments going towards increasing audience engagement and ultimate franchise value.Not to mention several catalysts could work in WWE’s favor. On July 24, the company started transitioning to Network 2.0, with the upgraded network featuring an on-demand service. WWE can also stand to gain from sponsorship revenues as WWE is vastly under-monetized in relation to other sports.Based on these positive developments, Ryvicker rates WWE stock a Buy with $127 price target, which implies about 77% upside from current levels. While Ryvicker notes that WWE is trading above the Wolfe Diversified Entertainment Index, it continues to trade at a lower price than other niche sports even though it has demonstrated much faster OIBDA growth.“We like the LT focus and commitment of this management team, even if communication may sometimes falter. We also got a bunch of data points that suggest engagement metrics will continue to improve,” Ryvicker added. All in all, despite a a somewhat disappointing first quarter, WWE stock is ready to punch back! In the last three months, the stock has won 6 back-to-back 'buy' recommendations. With a return potential of close to 30%, the stock's consensus price target lands at $95.00. (See WWE’s price targets and analyst ratings on TipRanks)
Two of the most anticipated streaming video services may be launching in the same month. Netflix investors will be keeping a close eye on Disney+ and Apple TV+.
While Verizon (VZ) is drawing curtains to its local news channel Fios1 News, AT&T (T) is launching a new television service with AT&T TV.
on original shows and movies for its new video streaming service that it hopes will challenge the likes of Netflix, Disney and AT&T-owned HBO. The company’s new TV+ service will go live within the next two months, according to people briefed on its plans, in an attempt to pre-empt the launch of Disney Plus, which is scheduled to debut in the US in November. Apple has not yet revealed pricing or other key details for its TV+ subscription service, but said new content would be added every month after the service launches in more than 100 countries.
(Bloomberg) -- Apple Inc. plans to roll out the Apple TV+ movie and TV subscription service by November, part of a drive to reach $50 billion in service sales by 2020. The company will introduce a small selection of shows and then expand its catalog more frequently over several months, people familiar with the matter said. A free trial is likely as Apple builds up its library, said the people, who asked not to be identified because the plans aren’t public.The iPhone maker is entering an increasingly crowded field, led by streaming pioneer Netflix Inc. and Amazon.com Inc. In the coming months, Walt Disney Co., AT&T Inc. and Comcast Corp.’s NBCUniversal will debut new offerings -- all targeted at the growing ranks of viewers who are canceling cable-TV subscriptions or watching on mobile devices.With its first foray into video subscriptions, Apple is weighing different release strategies for shows. The company is considering offering the first three episodes of some programs, followed by weekly installments, the people said. Netflix tends to release whole seasons at once for bingeing, while AT&T’s HBO and Disney’s Hulu often release episodes weekly. The service will launch globally in over 150 countries. Apple TV+ will be one of five major digital subscription services in Apple’s portfolio, along with Apple Music, the upcoming Apple Arcade gaming service, Apple News+ and iCloud storage subscriptions. The company also generates recurring revenue from products like AppleCare extended customer service and its bank-operated iPhone upgrade program. It will also likely start pulling in revenue from the Apple Card, which began rolling out earlier this month. An Apple spokesman declined to comment.Apple hasn’t announced pricing for Apple TV+, but is weighing $9.99 a month, the people said, which would match Apple Music and Apple News+. Netflix and Amazon Prime charge as little as $8.99, while Disney+ plans to seek $6.99 when its service debuts in November.The Financial Times reported on Tuesday that Apple has set aside $6 billion for original shows and movies, without saying where it got the information. The budget for the first year of content was $1 billion, but has since expanded, it said. That’s far less than what Netflix is expected to spend this year. Analysts forecast it will lay out more than $14 billion on films and TV shows.Revenue DriveApple is pushing into services to generate added revenue from its large base of iPhone, iPad, Mac and Apple Watch users. Consumers have been slower to replace hardware recently due to higher prices, market saturation, economic headwinds and a lack of new, breakthrough features. Read More: Apple Faces Life After IPhone But Still Banks on the IPhoneThe company could head off a revenue slowdown by coaxing users to subscribe to the new services. Cupertino, California-based Apple could also potentially boost revenue by tying services to the iPhone upgrade program, which lets customers update to new models annually via monthly payment plans.Apple’s initial slate of shows will include “The Morning Show,” Steven Spielberg’s “Amazing Stories,” “See” with Jason Momoa, “Truth Be Told” with Octavia Spencer, and a documentary series about extravagant houses called “Home.” On Monday, the company released the second trailer for “The Morning Show,” starring Jennifer Aniston, Reese Witherspoon and Steve Carell. The TV service will be part of Apple’s TV app, which comes installed on the company’s devices, and will also be accessible from third-party products, like Roku and Amazon Fire TV boxes, and Samsung televisions.In the fiscal third quarter, services represented a record 21% of Apple’s sales, while the iPhone continued to dip below 50% of the total.Analysts have suggested Apple TV+ could top 100 million subscribers in the next half-decade, which would make it a major challenger to Netflix and Amazon.The company is making a big commitment to video, including around $300 million alone to two seasons of “The Morning Show,” according to people familiar with the matter.(Updates with budget details in 8th paragraph.)\--With assistance from Nate Lanxon.To contact the reporters on this story: Mark Gurman in San Francisco at firstname.lastname@example.org;Anousha Sakoui in Los Angeles at email@example.com;Lucas Shaw in Los Angeles at firstname.lastname@example.orgTo contact the editors responsible for this story: Nick Turner at email@example.com, Thomas PfeifferFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
iQiyi Inc. , a streaming platform in China commonly compared with Netflix Inc. in the U.S., passed the 100-million-subscriber milestone in an earnings report released Monday, but shares fell more than 10% in late trading as financial results came in a bit lighter than expected. iQiyi reported a fiscal first-quarter net loss of 2.3 billion renminbi ($339 million), or RMB3.22 a share, on sales of RMB7.1 billion, roughly $1 billion in U.S. currency. Analysts on average expected the company to report a loss of 3.17 renminbi on revenue of RMB7.16 billion. Total number of subscribers was 100.5 million, up nearly 50% from 67.1 million a year ago with 98.9% paying for the service. The company also undershot analysts' expectations with its second-quarter forecast, guiding for revenue of 7.21 billion to 7.63 billion renminbi, while the average analyst forecast was for 7.98 billion renminbi, according to FactSet. U.S. ADS's for iQiyi closed with a 5.9% gain at $18.08, but fell lower than $16 in after-hours trading following the report.
It was a message meant to warn investors that stocks were in jeopardy. But, as has been the case for months now, investors ignored the warning.The message in question came from Morgan Stanley's chief United States equity strategist Mike Wilson, who noted on Monday that "The puts have expired." In other words, "With the Fed's first rate cut in a decade not having the desired effect on markets and a trade deal looking less likely every week, these two puts (the Fed and Trade Deal) may have expired, leaving investors facing the potential reality there is no second half rebound coming."InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe market may have shrugged off the warning and sent the S&P 500 up to the tune of 1.3%, on the heels of comments from Commerce Secretary Wilbur Ross. The country's chief business development leader explained in a Fox Business news interview that the government had extended a temporary license allowing an otherwise-banned Huawei to do business with U.S. partners.The added 90 days not only gives its American customers time to make alternative arrangements, but tacitly suggests the current administration is becoming more flexible on trade matters. The Nasdaq Composite outpaced the S&P 500, rallying 1.4% in response to the easing trade tensions with China. * 7 Safe Dividend Stocks for Investors to Buy Right Now The unwinding of last week's inversion of the bond yield curve may have played a role in re-inflating confidence as well. Top News in the Stock Market TodayPG&E Corporation (NYSE:PCG) isn't out of the woods yet, it seems. Shares of the utility company implicated in last year's California wildfires had been on the mend. PCG hit bottom in January, when it appeared regulators and lawyers weren't looking to destroy it. Last Friday, however, a U.S. bankruptcy judge determined that an $18 billion suit against the company for damages and death could proceed after all, even during bankruptcy proceedings. The news sent PCG stock down by 25% today.Sina (NASDAQ:SINA) rallied 15% on Monday, after reporting earnings of 73 cents per share on revenue of $533.1 million. Analysts were only calling for a top line of $510.2 million and earnings of 47 cents per share.The move would inspire other Chinese stocks higher, boosted by hope for repaired trade relations. Weibo (NASDAQ:WB) was one of them. Compared to Twitter (NYSE:TWTR), WB stock jumped 14% on Monday in step with other Chinese names after posting a solid second-quarter earnings beat of its own.Bio-pharma name Jaguar Health (NASDAQ:JAGX) reported on Monday that its Crofelemer had proven effective as a means of controlling diarrhea in dogs that had been dosed with tyrosine kinase inhibitor. Tyrosine kinase inhibitors are a means of fighting cancer in human patients, but they can cause dire side effects. Jaguar Health hopes to use Crofelemer in human clinical investigations in the future. Big MoversA relatively obscure Zscaler (NASDAQ:ZS) took center stage on Monday, falling 11% after OTR Global downgraded the cybersecurity name. Over the course of the past 12 months ZS shares had doubled in value. This made the stock an easy profit-taking target.Bouyed by Sina, Chinese stocks also bounced on possibly improving trade ties with the United States as well. However, it was stocks of companies that digitally serve Chinese consumers that led the way. Iqiyi (NASDAQ:IQ), sometimes referred to as the Netflix (NASDAQ:NFLX) of China, gained more than 6% headed into its post-close earnings report that had some investors hopeful.Baidu (NASDAQ:BIDU) was up more than 8% in front of its earnings report slated for release after the closing bell rang as well.As of the time of this writing, James Brumley did not hold a position in any of the aforementioned securities. To learn more about James, visit his site at jamesbrumley.com, or follow him on twitter at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Stock Market Today: Baidu and Sina Lead a Recovery of Chinese Stocks appeared first on InvestorPlace.
Disney (DIS) plans to introduce a bundled video package that includes Hulu, ESPN+, and Disney+. DIS plans to address password sharing on these services.
As Walt Disney, AT&T; and others launch new internet TV services, investors should eye plays on 'derivatives' such as Roku stock, Akamai and Trade Desk, says RBC Capital.
The key to investing is buying good stocks. Sounds simple enough, right? If it's so simple, why isn't everyone a great investor?Because what constitutes "good stocks" to buy is widely debated across the entire financial media landscape. Are the best stocks to buy cheap stocks, with price-to-earnings multiples below the market average multiple? Are they stocks with big yields, that pay you regardless of how the stock performs? Or are the best stocks momentum growth stocks, with 50%-plus revenue growth rates and huge trailing twelve month returns?Arguably, it's all of them. What makes a good stock isn't a particular characteristic, but rather a combination of favorable characteristics which, when mixed together, create a winning recipe for long-term success.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith that in mind, here's one favorable characteristic of a "good stock" in the internet era: lots of high margin recurring revenue.Why is that a favorable characteristic? Recurring revenue means high visibility revenue since -- barring some sea change of subscription cancellations -- that revenue will come back next year. By the same logic, high margin, recurring revenue means high visibility profits, and as we all know, as go profits, so goes a stock. * 10 Best High-Growth Stocks to Buy for Young Investors Because of this, stocks with a lot of high margin recurring revenue are often set up for long-term success. That's why I've put together a list of five growth stocks to buy with a lot of high margin, recurring revenue. Stocks to Buy With High-Margin Recurring Revenue: Netflix (NFLX)Source: Shutterstock How Much of Revenue Is Recurring: Essentially 100%At What Gross Margin: Over 35%, and climbing rapidlyArguably the most well-known growth stock with a ton of high-margin recurring revenue is Netflix (NASDAQ:NFLX), the streaming service giant which collects nearly 100% of its revenue from annually recurring subscription fees, at a 35%-plus and rapidly rising gross margin.Despite that attractive business model, there are two big concerns weighing on NFLX stock right now -- competition and profitability. Both concerns are overstated.On the competition front, linear TV packages are so expensive (upwards of $100 per month) and subscription TV packages so inexpensive ($10 to $15 per month) that consumers cutting the cord can afford to bundle together multiple streaming services. Indeed, at a $10 to $15 price point, most Americans would be willing to subscribe to two to three streaming services, according to a MorningConsult survey. Thus, Netflix doesn't need to beat Disney (NYSE:DIS) or AT&T (NYSE:T). It just needs to be No. 2 or No. 3, which it unequivocally is and will remain to be given its data and reach advantages.Competition concerns are also overstated. Yes, Netflix burns a ton of cash right now, and gross margins are just 35%. But, let's zoom out and look at the business model. Netflix has relatively fixed content costs. Regardless of how many subscribers Netflix has, if it costs $10 million to make an original movie today, it will cost the same in five years, net of inflation. But, revenues rise with subscribers, so while costs are fixed relative to sub growth, revenues are not. Thus, the model is built to benefit from tremendous leverage at scale.Net net, despite recent operational concerns, Netflix is still a winning growth company with a stable, high-margin recurring revenue base, that will one day produce huge profits at scale. Those huge profits will inevitably lead to big gains for NFLX stock in the long run. Chegg (CHGG)Source: Shutterstock How Much of Revenue Is Recurring: Roughly 85%At What Gross Margin: At least 75%, probably above 80%Another consumer-facing growth stock with a ton of high-margin recurring revenue is Chegg (NASDAQ:CHGG), the digital education platform which collects about 85% of its revenue from annually recurring subscriptions to its Chegg Services ecosystem, at a gross margin that is likely north of 80%.The secular bull thesis here is simple. Most of the consumer economy has become all-digital, all the time. The academic world has not. Chegg is changing that, building a connected learning platform that gives high school and college students across America the digital education companion they've needed for the past several years.Demand is huge -- Chegg has grown subscribers at a near-40% compounded annual growth rate since 2012. That demand is paying up -- Chegg Services revenue has grown at a 45% compounded annual growth rate since 2012. All that money is of the high margin quality -- total gross margins are north of 75%, meaning the Services gross margin is likely north of 80%. And, above all else, the opportunity is huge -- 3.1 million Chegg subscribers out of 36 million high school and college students … in the U.S. alone. * 15 Growth Stocks to Buy for the Long Haul Big picture, this is a high-quality company supported by secular growth drivers. The company has a long runway for growth ahead of it, and produces tons of high margin, annually recurring revenue. That's a winning recipe for long-term success. Shopify (SHOP)Source: Shopify via FlickrHow Much of Revenue Is Recurring: Around 40%At What Gross Margin: Above 80%Although subscriptions aren't the bulk of its business model, e-commerce solutions provider Shopify (NYSE:SHOP) nonetheless collects about 40% of its revenue from subscriptions, and collects those revenues at a gross margin north of 80%.Taking a step back here, Shopify is a Canadian-based company that provides e-commerce solutions to merchants of all shapes and sizes. In so doing, they've become the equivalent of a digital store front, or the commerce backbone for hundreds of thousands of merchants all across the world. The company makes money two ways -- those e-commerce solutions are sold in subscription packages, and Shopify takes a cut of the sales processed through its merchants' stores. Merchant sales make up the majority of revenue, but the subscription business is higher margin and, therefore, equally important to profits.The bull thesis here is as follows. Shopify presently accounts for less than 1.5% of global e-retail sales. That's a very small piece of this pie. But, Shopify's share is rapidly growing, because of underlying secular trends promoting entrepreneurship and do-it-yourself mentalities among consumers globally. Those secular trends will remain in play for the foreseeable future. So long as they do remain in play, Shopify's share of the global retail sales pie will rapidly expand. As it does, Shopify's revenues will continue to march higher, and because the business operates at such high gross margins, that big revenue growth will lead to even bigger profit growth.Long term, then, Shopify projects as a big-time profit growth company. All that profit growth should push SHOP stock higher in the long run. Adobe (ADBE)Source: Shutterstock How Much of Revenue Is Recurring: Almost 90%At What Gross Margin: Over 90%Perhaps the king of the subscription model, Adobe (NASDAQ:ADBE) collected 88% of its revenue in fiscal 2018 from annually recurring subscriptions, and those annually recurring subscriptions have yielded a gross margin north of 90% for the past several years.Adobe didn't earn the title of subscription model king for no reason. We all know the Adobe name -- they are the only relevant name in the creative solutions world for photo editing, video editing, so on and so forth. But, back in 2010, Adobe didn't really know how to maximize its monopoly in the creative solutions game. Then, a light bulb went off -- pivot everything to the cloud, make everything a subscription and collect high-margin, annually recurring revenue from now until forever.In 2012, they did just that. Consumers were upset at first. Their favorite creative solutions program went from being available forever for a one-time-fee, to being locked behind a subscription paywall. But, because Adobe has no competition in this space, those complaints eventually drowned out. Within a few years, everyone and their best friend had pivoted to the subscription model. Further, Adobe expanded its reach because -- perhaps by luck -- the world simultaneously became more visually obsessed, so more and more consumers and enterprises had a need for Adobe's creative solutions.These trends will remain in play for the foreseeable future. Adobe's revenues will continue to rise as the world becomes more and more visually-obsessed, meaning more consumers will tap Adobe to edit and amplify their photos. At the same time, more enterprises will tap Adobe to create visually pleasing marketing and product/service experiences that relate to their visually-obsessed consumers. All that revenue will come in at high gross margins, so profits will simultaneously rise by leaps and bounds. * 7 Great Small-Cap Stocks to Buy Net net, then, Adobe's profits will continue to roar higher over the next several years. That will power equally robust gains in ADBE stock long term. Okta (OKTA)Source: Shutterstock How Much of Revenue Is Recurring: Over 90%At What Gross Margin: Over 80%On the enterprise side of things, identity cloud pioneer Okta (NASDAQ:OKTA) generates over 90% of its annual revenues from subscriptions it sells to cloud security customers. Those subscription revenues generated gross margins north of 80% in fiscal 2018.Let's zoom out here. Okta has created something called the Identity Cloud. The idea behind the Identity Cloud is pretty revolutionary and genius. Essentially, instead of building a "castle" around a company's workflows and processes, Okta has outfitted each individual in a company's workflows and processes with "armor". That is, Okta focuses on protecting the individual, not the whole. But, if everyone in the ecosystem has "armor", then the whole ecosystem is safe. It also means that there is no "weak link". Because everyone is wearing this "armor", individuals can securely do almost anything without compromising the integrity or safety of the ecosystem.Enterprises have found this identity-based approach to cloud security compelling. At its core, it allows individuals to securely access any technology at any point. This seamless adoption curve is critical in a world where new technologies are being rapidly adopted and deployed every day.As such, Okta's growth trajectory has been very impressive. We are talking "50%-plus revenue growth" impressive. Over 90% of that revenue comes from annually recurring subscriptions. That subscription-based revenue has 80%-plus gross margins.In other words, this is a big growth business with high visibility and robust margins. Ultimately, that's a long-term winning recipe.As of this writing, Luke Lango was long NFLX, DIS, T, CHGG, SHOP, ADBE and OKTA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 5 Stocks to Buy With High-Margin Recurring Revenue appeared first on InvestorPlace.
The two companies have agreed to merge, but they need more intellectual property to be a major player in the streaming market.
Netflix recently announced that it will curb the depiction of tobacco use on screen, largely due to a study by Truth Initiative that stated Stranger Things had more tobacco use on screen than any other program on a streaming platform or cable. However, the streaming titan also stated that it will continue to show pot use on screen stirring up more controversy. Yahoo Finance’s Dan Roberts, Anjalee Khemlani and Brian Cheung discuss.