Is This the End of the Netflix Prestige Era?

David Canfield: Richard, it’s been a tough week—year, really—for Netflix. On Tuesday, after the company disclosed to shareholders that it netted a loss of 200,000 global subscribers in 2022’s first quarter, and is projected to lose a staggering 2 million in the three months to follow that period, the illusion of this disruptive streamer thriving within an untenable economic reality swiftly shattered. Netflix’s stock tumbled to a decade-worst low, and it felt like everyone on the internet had some corner of content to blame, from garbage reality TV to those pricey Oscar-courting movies that never win best picture. Personally, I’d… Read Full Article