Communications services sector slips on Strait of Hormuz uncertainty
Updated
Updated · MarketWatch · May 7
Communications services sector slips on Strait of Hormuz uncertainty
8 articles · Updated · MarketWatch · May 7
US gasoline averages about $4.55 a gallon, AAA says, raising concern that prolonged disruption could further squeeze household spending on streaming and other communications services.
The risk-off move weighed on the sector even as Netflix shares edged up on the day; the stock remains down 10% over the past month.
Warner Bros Discovery also reported a large first-quarter loss after taking a $2.8 billion charge tied to a termination fee paid to Netflix during a bidding war.
Can Netflix's pivot to live sports and AI save it from geopolitical shocks and rising consumer subscription fatigue?
With its $111B WBD deal facing massive debt and industry opposition, is Paramount building a media giant or engineering its downfall?
As subscription fatigue grows and physical media revives, is the golden age of streaming already over?