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."
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."
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...
Wedbush Morgan analyst Michael Pachter has offered his two cents on Sony’s recent acquisition of Bungie, suggesting the format holder ‘vastly overpaid’ to get its hands on the Destiny 2 developer. Speaking with Yahoo! Finance, Pachter reckons Sony made the move out of desperation in wake of...
Wedbush Securities analyst Michael Pachter in the latest Pachter Factor Q&A discussed when Nintendo will likely release the successor to the Switch and whether if the power of Nintendo hardware matters at all. "I think that probably the earliest you're going to see a new console is  and more...
Michael Pachter from Wedbush Securities joins Closing Bell ahead of Netflix’s earnings next week to discuss his outlook for the Netflix and the broader tech sector. Pachter currently has an underperform rating on Netflix stock.
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.
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.
Wedbush Securities analyst Michael Pachter thinks whoever’s advising Sony that it should continue to skip E3 is “very dumb,” and the company is deploying a “really dumb strategy” by acting upon their advice. In a recent Pachter Factor episode, Pachter said that Sony is making “a huge strategic error abandoning...
Michael Pachter: Sony Skipping E3 is a Huge Strategic Error, Microsoft and Nintendo Big E3 Winners - News
Wedbush Securities analyst Michael Pachter in the latest Pachter Factor Q&A discussed the winners and losers from E3 2021. He said that "Microsoft and Nintendo kicked butt" and Sony skipping E3 2021 altogether was a strategic error. "Biggest winners, my view is Microsoft, because they announced a lot of stuff...