Netflix Needs to Kick Its Bingeing Habit
Netflix (NASDAQ: NFLX) has a problem.
The dominant streaming service is set to lose its two most popular shows, Friends and The Office, over the next two years. At the same time, the company is about to face an onslaught of streaming competition from the likes of Disney, AT&T, Comcast, and Apple. AT&T is reclaiming Friends for its new HBO Max streaming service, launching next spring, while The Office will disappear from Netflix streams in January 2021 to join NBCUniversal's new service, set to debut next year.
Predictably, plenty of Netflix subscribers were displeased with the departure of their favorite shows.
Source Fool.com
