Netflix dims lion hopes
6/17/20265 min
Netflix (NFLX) passes on LION. (00:14) BMW runs into trouble. (01:07) FTC targets Amazon (AMZN) ads. (02:08)
Episode transcripts seekingalpha.com/wsb.
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Transcript preview
First 90 secondsJulie Morgan· Host0:00
[upbeat music] Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's good to have you here on this Wednesday, June 17th. I'm Julie Morgan. It appears Netflix is not interested in Lions Gate after all. Lions Gate Studios is down 4% in pre-market action after a report that Netflix is not interested in purchasing the streamer, which contradicts an earlier news item. Shares of Lions Gate jumped nearly 14% in regular trading on Tuesday. The Wrap reported, citing an unidentified source familiar with the matter, that Netflix has no interest in a Lions Gate acquisition. The update comes after a report from Semafor on Tuesday that while Netflix was interested in bidding for Lions Gate, it had not submitted a formal indication of interest. A Netflix spokesperson also told Semafor that it did not make a bid for Roku after the publication said that Netflix lost out to Fox in a battle for the streaming platform. German luxury car maker BMW fell about 8% on the DAX Index on Wednesday as it issued an unexpected profit warning. The automaker blamed an accelerated deterioration in the Chinese market, where local manufacturers continue to gain market share and price competition remains intense. BMW also pointed to the