Subject category:
Strategy and General Management
Published by:
Harvard Business Publishing
Version: 2 February 2023
Length: 26 pages
Data source: Published sources
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Abstract
The case is set in 2023. The protagonists are Ted Sarandos and Greg Peters, co-CEOs of Netflix, a subscription streaming service and content production company. In Q4 2022, Netflix gained 7.7 million new subscribers (223 million worldwide) after losing 1.2 million in the year's first half. The scale of subscriber defection (in Q1 and Q2) across all geographic regions other than Asia concerned investors. By mid-2022, Netflix's share price plummeted by over 72%. The streaming company's market capitalization fell from USD306 billion in November 2021 to a low of USD74 billion, a loss of USD232 billion. Dubbed the streaming wars, Netflix must contend with a host of competitors, some of them with deep pockets: Amazon Prime, Apple TV , Disney , HBO Max, Hulu, Paramount , Peacock, and YouTube TV, among others.
Geographical setting
Region:
World/global
Country:
United States
About
Abstract
The case is set in 2023. The protagonists are Ted Sarandos and Greg Peters, co-CEOs of Netflix, a subscription streaming service and content production company. In Q4 2022, Netflix gained 7.7 million new subscribers (223 million worldwide) after losing 1.2 million in the year's first half. The scale of subscriber defection (in Q1 and Q2) across all geographic regions other than Asia concerned investors. By mid-2022, Netflix's share price plummeted by over 72%. The streaming company's market capitalization fell from USD306 billion in November 2021 to a low of USD74 billion, a loss of USD232 billion. Dubbed the streaming wars, Netflix must contend with a host of competitors, some of them with deep pockets: Amazon Prime, Apple TV , Disney , HBO Max, Hulu, Paramount , Peacock, and YouTube TV, among others.
Settings
Geographical setting
Region:
World/global
Country:
United States