Gov. Andrew Cuomo announced Thursday that the San Jose, California-based entertainment video-streaming service will invest up to $100 million in the city.
Lines are blurring or becoming more stark among different tech, media and telecom companies. Telecom companies are producing content, while platform companies are exploring new services like internet connections. That means sectors are no longer staying in their lanes, and regulatory scrutiny is shifting.
Netflix expects a $3.5 billion deficit in its free cash flow this year over the $3 billion previously estimated. In its earnings, the company also expects to add fewer subscribers than forecast, projecting a net addition of 5 million subs over Wall Street’s 6.09 million expectation.
Against market headwinds, OTT monetization won’t happen with a single scheme. Instead, it needs a flexible range of subscription models, advertising and even transactional approaches, experts say.