Investors shouldn’t over extrapolate based on Netflix’s disappointing quarter as the shift to streaming is set to continue, LightShed’s Greenfield says (NFLX)
Reed Hastings, Netflix’s CEO.
(Photo by Jacopo Raule/Getty Images)
Netflix’s disappointing first-quarter results have some investors heading for the exit, but experts say the global shift to streaming is just getting started and the streaming giant will continue to benefit.
LightShed Partner’s Rich Greenfield sat down for an interview with CNBC’s Andrew Sorkin on Wednesday to discuss Netflix’s latest earnings report and its potential effects on the streaming and subscription service ecosystem.