{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Puzzle, Problem, Mess","title":"Netflix's Platform Playbook - with Alicia Reese of Wedbush Securities","html":"","width":"100%","height":180,"duration":2145,"description":"It’s becoming increasingly inaccurate to describe Netflix simply as a streaming service. Alongside its core subscription business, it is building an advertising operation, experimenting with live sport and events, expanding into games and podcasts, revisiting theatrical releases, and even exploring a role as a platform for other broadcasters and content providers.\n \nSo, in this episode, I speak with Alicia Reese, SVP of Equity Research at Wedbush Securities. Over her 17 years with Wedbush Securities, she has covered a variety of sectors, with a primary focus on the movie and entertainment industries. She currently covers theatrical entertainment companies, such as AMC, Cinemark, IMAX, and National CineMedia; streaming-focused companies, such as Netflix, Roku, and Fubo; consumer products companies such as Logitech, Corsair, and Turtle Beach; and media companies related to video games, such as Nintendo, Take-Two, Ubisoft, AppLovin, Unity, Roblox, Double Down Interactive, Playtika, and CD Projekt. Alicia began her career in finance as a data and collateral analyst at Countrywide Securities. Alicia received her B.S. degree in Mathematics/Economics from UCLA.\n \nAlicia speaks about what Netflix is becoming, and how investors should think about the next phase of its evolution. We explore: \n-          why raw viewing hours may be a misleading way to assess Netflix’s health\n-          the significance of its shift from subscriber growth towards profitability, engagement and reduced churn\n-          how the ad-supported tier is changing subscriber behaviour\n-          Netflix’s deliberately low advertising load\n-          where the next leg of advertising growth could come from\n-          Netflix’s emerging platform strategy\n-          the role of live sport as an acquisition tool\n-          games and podcasts as engagement layers\n-          the significance of its TF1 partnership in France\n-          Netflix’s tentative return to theatrical distribution\n \nFinally, we talk...","thumbnail_url":"https://img.transistorcdn.com/slfZiaqPWFcJ64dYbIgCIjgQDf1vmjzmcY37afDdZCU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kZTcw/OTU2NmU2NDVjNDc0/NTMzYTE2MDY3NjNk/YTQyYy5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}