Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy.
With the coming loss of the most popular show on its platform, Netflix needs to show Wall Street it has a content pipeline to keep growing subscribers and satisfy current ones. While analysts are nowhere near throwing in the towel on one of their favorite stocks, many are starting to show concern.
“The Office” will be removed from Netflix by NBC in 2021. The streaming video giant was willing to offer NBC as much as $90 million a year for the rights to continue airing “The Office” but NBC rejected the offer.
“While NFLX retains rights through January 2021, it is nevertheless a blow to lose one of it most watched shows,” Baird analyst William Power said in a recent note to investors.
Netflix stock has traded down 5% over the past 12 months, lagging behind its technology giant peers and the broader stock market. After a fourth-quarter slide, the…