Could Skydance Pose a Big Threat to Netflix’s Future Growth?
Earlier this year, Netflix (NASDAQ:NFLX) tried unsuccessfully to acquire Warner Bros., ultimately having to walk away from a potential deal as a bidding war with Paramount made it too costly to do so. The end result is that now it has to face a stronger competitor in the streaming market: the newly formed Skydance (NYSE:SKYD).
Investors were initially pleased when Netflix announced it was walking away from the deal back in February. But the acquisition could create a problem for Netflix, as it may now face greater competition.
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