Content Companies Increasingly Eschewing Netflix, MoffettNathanson Says

Traditional media companies increasingly will offer either direct-to-consumer service with library rights or enhanced stacking rights tied to MVPDs, which in turn will have Netflix increasingly reliant on the lower-margin business of focusing on original content, MoffettNathanson analysts wrote investors Thursday. It said despite FX moving more shows to its FX+ services and NBCUniversal moving some content from Netflix to Hulu, Netflix remains well positioned. Between June 2016 and June 2017, Fox, Disney and Comcast all significantly pulled content off Netflix and likely will continue to move content to their own platforms, it said. Netflix didn't comment.