NBC’s new strategy for its non-network live sports content is emerging, and it looks a lot like what ESPN is doing with ESPN+.
Netflix (NASDAQ: NFLX) made a very important announcement in its fourth quarter letter to shareholders. CFO Spence Neumann expects the company to produce breakeven free cash flow for the year, and that number ought to climb well into positive territory in 2022 and beyond. The company will pay down existing debt to a manageable level and then plans to return excess cash to shareholders through a share buyback.
On an unusual day in the markets, Disney shares tumbled. Here's what investors should keep in mind.