Episode 5: Netflix Earnings and Competitive Pressure; DOJ and FTC’s Potential Impact on Microsoft Acquiring Activision Blizzard

This week, we break down Netflix's Q4 earnings after the stock dropped over $100 the next day, also setting new 52-week lows for stocks from Disney, Roku and fuboTV. We also discuss the proposed $69 billion acquisition of Activision Blizzard by Microsoft, announced on the same day that the DOJ and FTC announced plans to update and modernize merger enforcement guidelines, which could mean more rigorous scrutiny of major tech and media transactions. Other news highlights include Limelight Networks earnings, the rumor that DAZN is in talks to acquire British channel producer BT Sports for $800 million, and fuboTV raising its RSN Fee in New England.Companies and services mentioned: Netflix, Disney, Roku, fuboTV, Limelight Networks, DAZN, Microsoft, Activision Blizzard, Discovery, WarnerMedia, Amazon, MGM, Vimeo, Peacock TV, Apple, Amazon, NHL.Executives mentioned: Bryan Walls, Eric Iverson, Eric Black, Lexie Knauer, Lisa Bennett.Links to articles mentioned:Netflix Q4 2021 Earnings: Added 8.3M subs; has 222M total subs. Forecasts Q1 2022 paid net adds of 2.5M. Full-year revenue of $30Bhttps://www.linkedin.com/posts/danrayburn_netflix-streamingmedia-activity-6890038907413876737-pHIpLimelight Q4 2021 Earnings: Revenue of $62.9M, up 14% y/o/y, GAAP net loss of $7.7M; Total 2021 revenue of $217.6Mhttps://www.linkedin.com/posts/danrayburn_limelight-networks-reports-record-fourth-activity-6890320324928634881-i2b-Podcast produced by Security Halt Media