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Michael Pachter

Michael Pachter Sees Netflix Poised to Grow Despite Subscriber Losses, Layoffs

Netflix is poised to have a successful Q2 according to Michael Pachter of Wedbush Securities. Even though the beginning of 2022 has presented a rough start for the streamer amid subscriber losses, the analyst predicts a recovery with growth internationally and advertising support. His forecast comes even as news broke that Netflix is laying off 150 employees given its recent stock declines. "They're right-sizing the workforce, and we're talking about a couple of percent of their workers," he said. "It's not like they laid off half their workers, so they're trimming and they're going to keep trimming until they get it right. I think that once they start growing again, they will fund their growth out of profits."
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Michael Pachter Breaks Down Stock Splits and Possible DOJ Probe Against Amazon

After a week of headlines that ranged from a potential criminal investigation by the Justice Department to a 20 for 1 stock split, Michael Pachter, the managing director of equity research at Wedbush Securities, joined Cheddar News to shake out what wild week means for the tech giant and what he thinks is behind possible government antipathy towards the company. "If you look at Amazon, Capitol Hill hates them," he said. "And maybe it's just because Bezos looks like Dr. Evil, but I think part of it is that a lot of constituents of these legislators just don't whine at Congress, 'leave my company alone,' the way they do with Disney or Microsoft."
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Michael Pachter: Sony 'Vastly Overpaid' for Bungie - News

Sony Interactive Entertainment last week announced it is acquiring Destiny developer, Bungie, for $3.6 billion. Bungie will remain "an independent subsidiary," as well as a multiplatform studio and will have an option "to self-publish and reach players wherever they choose to play." Wedbush Securities analyst Michael Pachter in an interview...
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Erick Opeka, Chief Strategy Officer of Cinedigm, to Moderate Fireside Chat with Laura Martin & Michael Pachter at the 2021 OTT X Fall Summit

LOS ANGELES, CA / ACCESSWIRE / August 31, 2021 / Join industry leading OTT channels and networks, digital retailers, MVPDs, platforms, content providers, and service and technology providers engaged in the distribution of entertainment content to the consumer through TVOD, SVOD, AVOD & FAST for two days of insightful conference programming, business exchanges & networking opportunities.
LOS ANGELES, CA
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Michael Pachter: Sony to Continue to Release PS4 Games Until 2023 - News

Sony's first-party lineup of games since the PlayStation 5 launched has been a mix of cross-generation releases on the PS5 and PS4 and PS5 exclusives. PS5 exclusives include Demon's Souls, Returnal, and Ratchet and Clank: Rift Apart, while cross-generation titles include Spider-Man: Miles Morales, and the upcoming Horizon Forbidden West, God of War sequel and Gran Turismo 7.
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