How Netflix Plans to Have the Last Laugh

Published by
The Street

By Michael Tedder Streaming giant is launching a long-delayed project that could let it mine comedy gold. Netflix hasn’t been having the best month. Last week the news broke that Netflix (NFLX) – Get Netflix, Inc. Report lost 200,000 global subscribers in the first quarter of the year, “significantly missing the Street consensus forecast of a 2.5 million gain and taking the overall total down to 221.64 million,” as TheStreet’s Martin Baccardax wrote. The reasons for this range from increasing competition in the streaming marketplace to the company’s unfocused approach to making television show…

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