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The One Chart That Explains Why Netflix Cleaned House
(Welcome to my weekly streaming ratings report, the single best guide to what’s popular in streaming TV and what isn’t. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. If you were forwarded this email, please subscribe to get these insights each week.) Yeah, I’ll be honest: I went with a clickbait-y headline today. One chart? That explains everything? That’s as clickbait-y as it gets. But let’s be real. I’m analyzing a dataset that I’ve built over six years, and c’mon, I never write articles which feature just one chart! If you think this article—which includes a level of data detail unheard of in journalism twenty years ago—is clickbait, fine by me. Really, what I’m doing is using data to explain Netflix’s recent strategy changes, since the story of the month is the turbulence at Netflix. First, head of content Bela Bajaria was fired. Then head of film Dan Lin followed her to the unemployment ranks. (Along with, sadly, 1,000 other Netflix workers.) And then Netflix delivered a “sub-optimal” earnings report, which continued their year-long stock price slide. Then came a flood of articles explaining why all this is happening. (Mine’s coming shortly, rest assured.) I realized I had the perfect chart to explain Netflix’s woes. Specifically, Nielsen’s weekly top ten charts. Usually I focus on one or two weeks in my Streaming Ratings Reports, but sometimes it’s worth stepping back to look at the larger story. And hoo boy, what a story. This article is my annual (plus three months) follow-up to one of my most popular articles of last year. (And a topic I’ve been visualizing for the last half decade.) Subscribe Netflix’s Share of The Nielsen Charts Continues to Decline
Political scientist explains why race, not class, is at the heart of America’s 'democratic crisis'
As the United States celebrates its 250th anniversary, a new book examines America’s “racial hierarchy” and how it shaped the nation’s power structure.
Kansas Sen. Roger Marshall in debate blames Ukraine war, not Iran war, for high diesel prices
The answer, delivered during a debate with Democratic challenger Adam Hamilton, aligned Marshall with President Donald Trump's freshly antagonistic posture toward Ukraine, which has spent more than four years defending itself against an invasion.
Cost of employer-sponsored health insurance plans rises again, nonpartisan survey finds
The price health insurance companies charge for employer-sponsored plans increased again this year, as did the deductible many people must pay before those plans begin covering most healthcare costs, according to a survey released Thursday by the nonpartisan health organization KFF.
Steam Pricing Analyst Found Hollow Knight: Silksong's $20 Price Annoying: 'I Was A Bit Like, Oh God, Please Price It Higher'
Indie devs are facing tighter pricing pressures than ever
How well have past GOTY winners sold?
We’re less than two months away from 2026’s The Game Awards, and what a year it’s been for fantastic games, including Resident Evil Requiem, Forza Horizon 6, Slay the Spire II, the Blood of Dawnwalker, and Control Resonant – just to name a few. So as we approach the end of the year, we thought we’d look back on our estimates for the GOTY winners of the past four years. In terms of revenue, Elden Ring (2022 winner), Baldur’s Gate 3 (2023), Astro Bot (2024), and Expedition 33 (2025) have generated a combined $3.8B via 73M copies sold: Let’s have a look, then. Elden Ring has generated $2B in revenue Elden Ring is a phenomenon in every sense. It’s sold a whopping 36.4M copies across Steam (50%), PS5 (35%), and Xbox (15% across console and PC). Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Elden Ring also just passed an astronomical milestone: $2B in revenue. While PlayStation and Xbox account for half of Elden Ring’s copies sold across these three platforms, they account for 57.5% of revenue. This – as ever – is due to regional pricing and the higher relative share of PC gamers in lower-priced markets. For example, around 17.4% of Elden Ring’s Steam copies sold were in China, where the game costs about 26% less than the price in the States. There’s an … interesting narrative going around these days that console gamers are only interested in ball-and-gun games and have the patience for little else. Well, Elden Ring’s impressive sales prove that is simply not true, and across all platforms. What’s more, over 9.8M people have played Elden Ring for over 100 hours, with nearly 3.5M people getting all of the achievements and trophies. For reference, 10.9% of Elden Ring’s PlayStation players have the platinum trophy, while 10.5% of players on Steam and 3.9% of Xbox players unlocked all the achievements. Git gud, Xbox players! Of the 1.5M people who played Elden Ring on PlayStation last month, 4% also played Dark Souls 3 last month, 4% played Bloodborne, and 3% played Sekiro. There’s those Soulsborne diehards for you. By many accounts, including my own, Elden Ring is one of the best games of all time. It’s an evergreen seller that will continue to be a cash cow for Bandai and FromSoftware for years to come. Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Elden Ring has sold another 2M copies across Steam, PlayStation, and Xbox this year, generating almost $110M. This means it’s outperforming many of this year’s high-profile releases. Even Elden Ring’s standalone run-based PvE spinoff, 2025’s Nightreign, has sold 7.8M copies and generated $282M in revenue. Baldur’s Gate 3 is another billion-dollar-plus banger Another cross-platform phenomenon is Baldur’s Gate 3, which has sold 23.2M copies and generated over $1.2B in revenue. About 18.7M of these copies (80.6%) are via Steam, 2.9M via PS5 (12.7%), and 1.6M (6.8%) via Xbox. Around 1.3M folks on Steam bought BG3 before it hit 1.0. The PlayStation version launched about a month after the PC 1.0 release, while the Xbox version came four months later due to technical issues around developing local co-op on the Series S. Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Across platforms, Baldur’s Gate 3’s monthly active users have never dropped below 2M, including 2.2M MAUs last month (68.5% on Steam, 21.9% on PS5, and 9.6% on Xbox). And it still regularly brings in 280K to 400K players every day: About 1% of BG3’s Steam player base has played for over 500 hours! That’s a little under 200K people. Astro Bot is also an evergreen seller, albeit a more niche, family one Astro Bot, 2024’s winner, has now sold 4.7M copies and generated $291M in revenue. The budget, including marketing, is almost certainly under $100M, given the small Japan-based core team and three-year dev timeline. You can really see why the tides are changing toward less expensive hubs. Astro Bot is the only first-party winner on this list, but follows other first-party winners of The Last of Us Part II (2020’s winner), God of War (2018), and Breath of the Wild (2017). Around 46.6% of Astro Bot’s copies sold have been physical, which is far higher than the typical game. This makes sense for a couple of reasons: There’s a large family audience for this one, and physical boxes are an item to wrap when giving Astro as a gift. Astro has collector value for the PlayStation core (this is nostalgia-fueled platformer celebrating PlayStation’s history) Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Astro is another one of those games that continues selling over time, regularly selling more than 100K a month. It’s sold around 1M more copies this year ($60M in revenue) and is a popular title with families. We can see this using the Alinea platform’s MAU crossover tool: Astro Bot’s top #2, #3, and #4 games by crossover in any given month this year are Minecraft, Fortnite, and Roblox – without fail. The #1 title every month, though, is Astro’s Playroom, a pack-in with all PS5 consoles. For every month this year, between 20% and 30% of Astro Bot players also played Astro’s Playroom that month. So the free pack-in is a noice funnel for converting players to a full paid product. Expedition 33 sells 8.7M despite Game Pass cannibalisation Finally, we have last year’s winner – Expedition 33. The turn-based-RPG banger has generated $366M via 8.7M copies sold, with 58.8% on Steam, 35.7% on PS5, and 5.5% on Xbox. Xbox’s share of copies sold is this low due to Expedition 33 launching on Game Pass, where 4.3M people across console and PC accessed the game. A little under 700K Xbox players used their subscription to play Expedition 33 this year. That said, the game’s 1.5-year Game Pass deal ended last week on October 16, and we’re already beginning to see a positive trend on Expedition 33’s copies sold via Xbox (but the jury’s still out!). There’s understandably a lot of French pride behind this one, as France is the game’s #3 market on both Steam and PlayStation. Vive la France! One thing that stood out to me is that the GOTY winners aren’t $300M Hollywood productions made in the US. They’re mostly mid-budget studios outside the traditional AAA cost centres. Lots to think about there. Also, good games sell well; who’d have thunk it!? And there’s a whole load of them this year, with GTA 6 still to come, too. GTA just made the cutoff point for the VGAs this year. What a coincidence! Loading... Cool links and other stuff Our physical games newsletter from Tuesday was picked up by GameSpot, Eurogamer, TweakTown, and a bunch of others. We’re offering a free trial of our platform for games companies. Send us a message here, or reply right here on Substack/email, and we’ll set you up. Next week, we’ve got some exciting news regarding the future of our newsletter, so stay tuned! The last word Reply to this email – or reach out here – if you have any feedback for the newsletter – or want to request a game for us to cover. Want to see why these companies (and many others) are subscribed to Alinea? Get a free platform trial! [Alinea Analytics boasts the most accurate PC and console estimates in the business. Game makers use our platform to understand their audience, keep an eye on the competition, monitor sales trends, and spot new opportunities. We equip game studios and financial institutions with accurate data and the confidence to make smarter, data-driven decisions. Want to talk about all things games market data? We’d love to chat!]
COROS DURA 2 SOLAR Review: Big Upgrade, Bigger Price
Neil's latest review digs into his experience with the COROS DURA 2 Solar, a new bike computer that claims to improve on the first model...
Getting health insurance from your job will be extra pricey for 2027
Workers might start feeling faint when they sign up for work-based health coverage for 2027.
Xbox cloud gaming prices revealed, with 50 hours of ad-free game-time priced $11.99
Prices for Xbox cloud gaming revealed. But even paying won't protect you from wait times if servers are busy, apparently.
Employers Shift Rising Health Care Costs Onto Millions of Workers
New surveys show that increases in premiums and deductibles are forcing people to forgo treatments or doctor’s visits while budgets are strained by higher food and gas prices.
High health costs squeeze workers, even if you have good insurance through a job
About 157 million Americans get their health insurance through work. A survey of employers shows a moderate price uptick this year, but workers still say health costs are a top concern.
1970 Chevy Camaro For Sale With 90,000 Miles Shown Packs Supercharged V8 And 5-Speed Stick
Highly modified but in excellent condition, this supercharged 1970 Camaro is being offered for sale at a price that rivals the new Mustang Dark Horse.
Van Orden discusses Second Amendment, fuel prices
LA CROSSE (WKBT) -- Rep. Derrick Van Orden joined the Wisconsin Firearms Owners Association to discuss the Second Amendment. He also addressed rising fuel prices ahead of the busy holiday
Genenta Science Announces Receipt Of Nasdaq Minimum Bid Price Deficiency Notification
Genenta Science SPA NASDAQ:GNTA:
Xbox wants you to pay 24 to 40 cents per hour to stream games you already bought
Time-based a la carte charges come on top of the purchase price for the games themselves.
Rice rescues Arsenal draw at Bayern in Champions League
Declan Rice scored a late equaliser to grab last season's runners-up Arsenal a 2-2 draw at Bayern Munich in the Champions League on Wednesday. Kane's second-half penalty, his 16th goal in 23 matches against Arsenal, extended his scoring streak to 10 straight Champions League games.
Genenta Science receives Nasdaq minimum bid price deficiency notice
Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.
Lucky Strike Entertainment (NYSE:LUCK) Stock Price Down 7.8%
Lucky Strike Entertainment (NYSE:LUCK) Stock Falls 7.8% - Should You Sell?
Energy Dept to loan part of home heating oil reserve to ease prices, drawing bipartisan praise
The Department of Energy plans to loan 315,000 barrels from the Northeast Home Heating Oil Reserve as fuel oil prices surge 70% from a year ago.
🎟️ Y! Sports Biz: One ticket to disappointment, please
Tickets are in the spotlight, from high prices to golden tickets tarnished.
New US drug launches need price check to counter access impediments, ICER, West Health urge
As policies from the last two presidential administrations put heightened focus on drug affordability in the United States, a new report suggests much work remains to be done when it comes to the l | As policies from the last two presidential administrations put heightened focus on drug affordability in the United States, a new report suggests much work remains to be done when it comes to the launch prices of novel medicines.
Kroger pledges to cut grocery prices by $5B by 2029
Kroger shoppers could soon see lower prices at checkout as the grocery giant’s new CEO looks to cut costs.
Why Have Restaurants in Minnesota Gotten So Expensive?
Why have restaurants – in Minnesota and elsewhere – gotten so expensive? On this episode, we are joined by Adam Platt, Editor of Twin Cities Business, to break down the causes of why restaurants prices keep going up and what it means for the whole industry. Adam’s piece, “What’s With the $15 Side Salad?“, has
Philip Morris warns on impacts of global conflicts on its business
Oct 21 (Reuters) - Philip Morris International on Wednesday warned that global conflicts were starting to hurt its business, with higher prices driven by the war in the Middle East starting to bite and strikes hitting its supply chain infrastructure...
Rice County Public Health urges vaccination as measles cases climb in Minnesota
By Rich Larson Rice County has not reported a single case of measles, but Rice County Public Health officials said they are concerned an outbreak could arrive soon as cases rise across Minnesota. In a news release issued Oct. 15, the department said 25 measles cases have been identified since
Billionaire Mark Cuban’s 5-step plan to make healthcare affordable targets drug middlemen’s ‘contractual terrorism’
The Cost Plus Drugs cofounder told Texas lawmakers that insured patients are often better off paying cash—and laid out five fixes built around price transparency.
Could Your Employees Be the Next Owners of Your Business?
A business owner ready to sell may start by asking who would pay the highest price. A competitor? A private equity firm? A family member? There is another
AMC Entertainment Holdings (AMC) Shares Climbed, What Is Driving Attention Now?
AMC Entertainment Holdings (AMC) reported a strong Q2 earnings surprise, with revenue up 14.2% year on year and the stock climbing 48.7% since the report. AMC Entertainment Holdings has leaned into this momentum, with a 30-day share price return of 14.07% and a 90-day move of 36.89%, supported by the recent debt refinancing and the launch of its AMC Movie Trivia Game Show mobile app. The year-to-date share price return of 91.30% contrasts sharply with a 3-year total shareholder return that...
How much does Wurstfest cost in New Braundels?
Wurstfest returns November 6-15 with German food, live music and ticket prices that vary by day.
Sphere Entertainment jumps as investors appear to bet on a short-covering rebound
Sphere Entertainment Co. (SPHR) is up 9.4% today. Here is some analysis on what might have caused this price movement.Analysis: There does not appear to be a single fresh company announcement driving Tuesday’s move, so the rally looks most likely tied to short covering and bargain hunting after a steep pullback earlier this month. Investors may also be revisiting Sphere’s underlying growth story, including strong performance from its Las Vegas ve
Report: Microsoft's Project Helix planned for 2028 at $1,200 to $1,800 price
Xbox maker is also apparently planning its own gaming handheld for next year.
Investors are piling into retail real estate. This Wheaton deal shows why.
Local real estate investment firm Core Acquisitions flipped the Rice Lake Square shopping center for $52.8 million just two and a half years after buying it.
JPMorgan Chase & Co. Has Lowered Expectations for Flutter Entertainment (NYSE:FLUT) Stock Price
JPMorgan Chase & Co. decreased their price target on Flutter Entertainment from $114.00 to $110.00 and set a "neutral" rating on the stock in a research note on Tuesday.
PENN Entertainment (NASDAQ:PENN) Stock Price Target Lowered at JPMorgan Chase & Co.
JPMorgan Chase & Co. lowered their price objective on shares of PENN Entertainment from $27.00 to $24.00 and set an "overweight" rating on the stock in a research report on Tuesday.
Lionsgate Studios Stock Jumps on Report of Takeover Bid by Legendary Entertainment
Lionsgate and Legendary have been in talks since last year, Bloomberg reported, citing people familiar with the matter. No price tag was reported.
Six Flags Entertainment (NYSE:FUN) Stock Falls 3.8%
Six Flags Entertainment (NYSE:FUN) Stock Price Down 3.8% - Here's What Happened
Pirates Learn Projected Price Tag for Potential Target Seiya Suzuki
The Pittsburgh Pirates need to add another power bat this offseason.
Lucky Strike Entertainment (NYSE:LUCK) Stock Jumps 14%
Lucky Strike Entertainment (NYSE:LUCK) Stock Price Up 14% - Here's What Happened
Tickets for Knicks' MSG opener to see NBA title banner raising, LeBron James' 76ers debut hitting record-setting prices
Scientists discover a promising blood sugar–regulating compound in red alga
It is a dietary staple found in sushi, rice wraps and ramen toppings. Commonly known as nori in Japan and gim in Korea, red seaweed is especially popular across Asia. Yet, despite its widespread consumption, ...
Truist Financial Issues Pessimistic Forecast for Accel Entertainment (NYSE:ACEL) Stock Price
Truist Financial lowered their price target on shares of Accel Entertainment from $14.00 to $13.00 and set a "hold" rating on the stock in a research note on Tuesday.
Starbucks Just Ruled Out Buying Chipotle. Small-Business Owners Should Take Notice
Starbucks’ turnaround offers small business owners a powerful lesson: communicate your value to customers before changing your price.
Walmart has a new bundle for Plus and Sam's Club
Walmart is offering a new membership bundle that combines Walmart Plus and Sam's Club Plus for less than the price of a Costco Executive membership.
US inequality is getting worse in ways you might not expect
From tax policy to gas prices and tariffs, a mix of new factors is making inequality in the US more extreme.
Antigravity just halved the price of its drone — by swapping its headset for wristwatch control
$800 now buys you a follow-me drone instead of an FPV flight experience.
Judi Health launching employer Medicare Part D plan with a focus on transparency
Judi Health is launching a new Part D plan that aims to lean on its tech stack to drive transparency and outcomes. | Judi Health is launching a new Part D plan that aims to lean on its tech stack to drive transparency and outcomes.
One of three Jensen Huang-signed RTX Spark laptops won at NVIDIA launch event is already listed for $17,150
An ASUS ProArt RTX Spark laptop bearing Jensen Huang's signature is reportedly being offered for $17,150. The asking price exceeds regular Turkish retail pricing by more than two times.
GM’s core profit rises 22% on strength of pickup-truck business
By Kalea Hall Oct 20 (Reuters) - General Motors’ third-quarter results easily beat analyst expectations on the back of resolute shoppers who continue to spring for pricey pickups and SUVs. The company on Tuesday said quarterly earnings before interes...
GM's core profit rises 22% on strength of pickup-truck business
General Motors' third-quarter results easily beat analyst expectations on the back of resolute shoppers who continue to spring for pricey pickups and SUVs.
Toyota RAV4 review: boringly good, buyers can't get enough
I drove the 2026 Toyota RAV4. It's the perfect antidote to high gas prices and looks like everything else on the road. Good luck finding one to buy.
5 Cheaper OLED TVs To Buy Instead Of The Samsung S95H
While the Samsung S95H is an excellent OLED TV, it can get pricey, depending on the size you pick. Here are some affordable alternatives from other brands.
Melco Resorts & Entertainment Limited Stock 12‑Month Price Target Cut to $6.14, Implies 48% Upside
Explore more price target data and ratings for Melco Resorts & Entertainment Limited on the Forecasts tab, and track all previous and future analyst recommendations for Melco Resorts & Entertainment Limited in the dedicated News Flow.Select reference data provided by FactSet. Copyright © 2026 FactS…
Opinion: How one-party politics and a complacent media fail Cook County
Cook County and lately Illinois are paying a high price for the one-party system that the monetization of politics propagates.
Opinion: How one-party politics and a complacent media fail Cook County
Cook County and lately Illinois are paying a high price for the one-party system that the monetization of politics propagates.
Virginia home prices climb despite rising inventory
The number of homes for sale climbed across Northern and Central Virginia and Hampton Roads in September, while inventory rose.
The umpires getting rich off surprise medical bills, and MLB job lock
We dig into trust, prices, and a bit of baseball in this week's Health Care Inc. newsletter.
Early Black Friday Deals Already Live on Square Enix Games, Slashing Final Fantasy 7 Rebirth and More Down to Brand-New All-Time Lows at Amazon and Best Buy
Amazon and Best Buy have both dropped early Black Friday sales on select Square Enix games that features big price cuts on Final Fantasy 7 Remake Intergrade, Final Fantasy 7 Rebirth, and loads more.
Save $900 on Apple's M5 Max 16-inch MacBook Pro while supplies last
The $900 discount delivers the lowest price of the season for the Space Black M5 Max 16-inch MacBook Pro.
One of the rarest GameCube consoles sells for thousands of dollars today
Like most consoles, the GameCube had a few models that were never widely released and thus command a hefty price today.
Apple’s last-gen Mac Mini with the M4 is $150 off
Only $50 more than the original (pre-price hike) cost.
With $0 revenue, Entertainment Arts Research (EARI) proposes a securities offering.
The proposed 600M securities carry a $0.0050 price, with estimated net proceeds of $2.975M. Financial statements report $5.57M in total liabilities.
Live Nation Entertainment's (LYV) "Buy" Rating Reiterated at BTIG Research
BTIG Research reaffirmed a "buy" rating and issued a $215.00 price target on shares of Live Nation Entertainment in a research report on Monday.
B. Riley Raises Price Target on AMC Entertainment Holdings to $3.25 From $2.50, Keeps Neutral Rating
AMC Entertainment Holdings has an average rating of overweight and mean price target of $3.39, according to analysts polled by FactSet. ...
Houston’s Asian population surges, but political representation lags, Rice study finds
As early voting begins, new Rice research sheds light on why some members of one of Houston’s fastest-growing populations say they remain underrepresented in local politics.
The GOP counts on farmers' votes. As a costly harvest season raises concerns, Trump heads to Kansas
Rising fuel prices coinciding with harvest season are frustrating farmers across the Midwest and raising concerns for Republicans ahead of the midterm elections.
The GOP counts on farmers' votes. As a costly harvest season raises concerns, Trump heads to Kansas
Rising fuel prices coinciding with harvest season are frustrating farmers across the Midwest and raising concerns for Republicans ahead of the midterm elections.
Why health care stocks are rallying
Investors appear to have priced in increasing odds of Democratic success in the midterm elections.
So you say you hate ‘surveillance pricing’
Local governments are banning “surveillance prices,” or when companies use personal data to set prices. But broad actions could hinder any possible benefits.
Trump is coming for your credit card rewards. That’s good.
Poor people pay a price for the affluent’s travel points.
Ohio's ACA enrollment starts next month. Here's what to expect
Premiums are expected to increase again this year on Ohio's Affordable Care Act marketplace, following significant price hikes last year coupled with the expiration of federal subsidies.
Analysis | Home heating oil is a sleeper campaign issue across cold-weather battlegrounds
As the weather grows cold in key battlegrounds nationwide, sky-high home heating oil prices could tilt a series of tight races.
Consumer apprehension grows as US retailers adopt AI-assisted pricing tools
U.S. consumers are uneasy about the increasingly high-tech ways that restaurant chains and major retailers are setting prices. Digital price tags are replacing paper ones in grocery aisles. AI tools
Elon Musk says he'll give a SpaceX share to every American child
Elon Musk's plan to gift SpaceX shares to U.S. children in 2027 would be worth equivalent to roughly $10.5 billion at current market prices.
Nvidia CEO among top business execs to attend German investment summit
Germany is set to host top business executives, including Nvidia boss Jensen Huang, on Monday for a summit that Chancellor Friedrich Merz hopes will help to attract private investment to boost the sluggish economy. Europe's largest economy has struggled to attract foreign investment amid years of weak growth, with high energy prices and labour costs continuing to deter businesses.
Elevance Health: Why I Don't Believe In The Stock At This Price
Elevance Health faces structural headwinds, with rising medical costs outpacing reimbursement and government program pressures eroding margin stability. I rate ELV stock a Hold.
St. Petersburg dengue patient, 73, shares experiences with the mosquito disease
Maurice Kurtz tells CIDRAP News he woke up with 101-degree fever and "ached so much." After tests for flu and COVID came back negative, he went to an urgent care clinic for a dengue test.
A modernized health plan: Supporting cost management and the employee experience.
The Surest health plan puts prices and care options in plain view. When costs are visible ahead of time, members may choose differently. And those choices have a ripple effect: potentially reducing costs for both members and employers. Win-win.
Vance struggles to tame GOP struggles in 2026, and may suffer for them in 2028
JD Vance’s 2026 arguments on Iran war, energy prices and immigration are a test of how, as a 2028 presidential contender, he might handle President Donald Trump’s legacy.
GOP Rep. French Hill talks about rising diesel prices and the impacts of the Iran war in Arkansas
OBIC Business Consultants (TSE:4733) Stock Could Be 23% Overvalued On Cash Flow
OBIC Business Consultants has delivered a strong share price run in recent years, which naturally raises a question about what investors are paying for its underlying cash flows today. With a Discounted Cash Flow (DCF) estimate available, the focus shifts to how its current price lines up with the cash the business is expected to generate over time. Over the past 5 years the stock has returned 78.1%. Anyone looking at OBIC Business Consultants now is effectively asking whether that kind of...
The Rock's protein-heavy post-workout smoothie may not be right for everyone
A post-workout protein shake that Dwayne "The Rock" Johnson swears by packs 70 grams of protein powder, creatine and a surprising rice ingredient into one smoothie.
Streaming’s Biggest Show Returns…and a Buzzy Genre Struggles
(Welcome to my weekly streaming ratings report, the single best guide to what’s popular in streaming TV and what isn’t. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. If you were forwarded this email, please subscribe to get these insights each week.) Obviously, the big news of the week (if not month) is Netflix letting go of executive Bela Bajaria, their chief content officer. I’m going to cover this in my next “Most Important Story of the Week”, but I also have a data angle that I might publish before then. (Too much news this month, am I right?) But first, I have a bonus Streaming Ratings Report issue for you. Today’s article is a bit of a grab bag of topics I’ve wanted to write about, but couldn’t squeeze into the (already very long) Streaming Ratings Report issues. The NFL drives huge viewership numbers, so I’ve got a look at that. A whole bunch of TV shows returned to the traditional broadcast channels, and I have thoughts. And I have a quick look at adult animated shows, since a couple flopped earlier this month. Plus, the Emmys aired earlier this month, and we got some fun data bout how popular those nominated shows are and why I’m not optimistic about the show’s future. That’s a lot, so let’s dive right in. Subscribe Sports - Football Remains the King of Streaming Over the last two Streaming Ratings Reports, I sorta ignored the biggest “show” each week. (I was tempted to say “piece of content” but I know that word bugs folks.) In my database, I call these “specials”, and they sure are special. I speak of the king of American TV: football!!! Streaming football is back and, unlike some other sports, it routinely dominates all viewership. Probably the best way to show this is to update one of my favorite graphics, the “40 Million Hour Club”1 since football games have joined that club each week they’ve premiered: (Yep, that’s the data through 28-Sep, the first four weeks of the season. As a reminder, I take the average minute audience provided by Nielsen, factor out a percentage of linear TV viewers in home markets, and multiply the run time by the three-hour runtime.) Again, the numbers are huge. Let’s start with Netflix. They grabbed the rights to the bonus opening week NFL Kickoff game (which was on YouTube last year) and it put up 18.5 million viewers on average. That nets out to 47.4 million hours of estimated streaming hours. That’s good! Though, notably, it’s well below Christmas Day games from previous years. Compared to other streamers/broadcasters, that’s a bit of a mixed result. On one hand, Netflix’s 18.5 million average is about what YouTube claimed last year, though Nielsen used a bespoke methodology at that time, so I trust this viewership figure more. So that’s good. (The game also shifted from a Friday to a Thursday and that could have helped the viewership as well.) And Netflix continues to best Prime Video in total viewership—as you’ll see next—though Netflix has had much higher-profile (opening week and Christmas Day) games. NBC/Peacock’s opening game the night before averaged 25.1 million average viewers, which is just much bigger than Netflix (or Prime Video). That’s the big caveat to all streaming viewership records: even in success, they can’t compete with traditional linear TV. Previously, I called this my “hierarchy of viewership”, and the data keeps supporting that thesis. The downside for NBC is that this game’s viewership was down compared to previous years, though it may be a counting issue. Here’s a great chart from Sports Media Watch: Indeed, looking at all the opening week games across all windows, Netflix still lags the other primetime windows, but does well compared to the afternoon games: I saw a few folks make the case that streamers still lag traditional broadcasters in reach, and I’d add they really lag compared to “broadcast plus streaming” options like NBC/Peacock, ESPN/Disney+ and CBS/Paramount+. The best data I saw for this came from Samba TV, who charted reach through the 2025 season, and, wow. (Samba TV’s numbers are historically lower than Nielsen’s, so don’t compare their household figures to Nielsen’s hours, but use them as a proxy for the relative reach of the streamers.) The good news is Prime Video is NOT having a down year. Their opening Thursday Night Football game reached 18.6 million viewers (about what Netflix got), but that’s a high for Prime Video on Thursdays and the biggest Thursday night game since 2015. The TNF games the weeks of 21-Sep and 28-Sep continued this streak, getting 43.1 (16.8 million average viewers) and 42.5 total hours (16.6 million average viewers), which were both up from last year. Still, that continues the (typical) season slide: (For those new-to-streaming-football-numbers folks, the viewership declines for Thursday Night Football as the year goes along.) Overall, it appears as if Prime Video is now part of the “football habit”, be it for customers at home or out at places like bars and restaurants. And its viewership is slowly catching up to broadcast. One last chart shows this. Last season, Nielsen started adding out-of-home viewership to the charts, so I try not to do season-to-season comparisons as I did for the first few years. And while Nielsen added Big Data viewing this year, I’m going to compare the last two seasons. Here’s that chart, which shows the season-over-season gains: When it comes to streaming football, we have to keep a few seemingly contradictory thoughts in our head… First, streaming doesn’t come close to matching broadcast’s reach and, thus, viewership. Second, even with that gap, football is still the biggest “thing” on streaming. It’s very, very popular. Third, while some methodology changes have likely helped Prime Video’s numbers, their viewership does appear to be growing. Lastly, yeah, the NFL started the season off poorly, with week one dragging down the numbers in year-over-year comparisons. However—and again, methodology changes may have helped this—the viewership grew compared to previous seasons over the next couple of weeks. So football is still king. On streaming and off. Television - Adult Animation Continues to NOT Make the Streaming Charts In the last two reports, two adult-animated shows whiffed: Netflix’s animated comedy, Dang! Paramount+’s Sega-video-game-inspired fantasy/comedy, Golden Axe. Neither made the charts, but that’s usually the case for animated shows. I mean, here’s literally every animated show that’s made the Nielsen Original charts since the start of 2025: And one of those shows is G_abby’s Dollhouse_! A kids show! The problem with charts like this is that they don’t give you a sense of how many shows miss the charts. Netflix had at least eleven animated flops, including comedies like Big Mouth (a show everyone assumed was popular in the pre-Streaming Ratings Era), Long Story Short, Haunted Hotel, Mating Season, Strip Law, and Alley Cats, and action shows like Blood of Zeus, Castlevania: Nocturne, Devil May Cry, Splinter Cell: Deathwatch, and Tomb Raider: The Legend of Lara Croft. Prime Video had at least six animated misses, two in the same universe (Hazbin Hotel, Helluva Boss), three more comedies (#1 Happy Family USA, The Second Best Hospital in the Galaxy and Kevin) and an action show (The Mighty Nein). Disney+ had MCU and Star Wars animated misses (Eyes of Wakanda, Marvel Zombies, Star Wars: Visions, Star Wars: Maul – Shadow Lord, and Star Wars: Tales of the Underworld) but I can’t tell how many of those shows were geared towards adults. HBO Max had Harley Quinn and Hulu had Solar Opposites. None of these shows made the charts! That’s a lot of misses! If I remade the chart with all those misses, here’s how it would look: Listen, I know the counter arguments. First, it’s cheaper to produce animated shows than live action. Fair enough, but with viewership this low, even that cheaper price point starts to not matter. Second, just look at the acquired charts. Hit animated comedies can generate viewership for years! Shows like The Simpsons, South Park, Family Guy, and Bob’s Burgers do really, really well. Fair enough, but streaming has failed to recreate the dynamic that Fox has mastered so well. That’s a problem for streaming still. Television - Emmys! The annual Emmys broadcast was a few weeks ago, and I’ve got data on how the nominees performed on streaming, plus hot takes on this year’s viewership (and the big news about the broadcast’s, er, streamcast’s future). We’re just getting started with this issue, but the rest is for paid subscribers of the Entertainment Strategy Guy, so if you’d like to find out… The top Emmy-nominated shows… ...why I’m worried about the future of the Emmys telecast... ...the pros of broadcast television ...and the cons... ...please subscribe! We can only keep doing this great work with your support. Coming Soon! Next week, we’ve got a double issue (since the weeks of 21-Sep and 28-Sep were so light), but then I’ll be all caught up after a deluge of streaming ratings data from Nielsen in September. In the meantime, I’m going to try to take a look at Netflix’s stats to explain why Bela Bajaria is out. But even light weeks give me plenty to talk about. The Great British Baking Show returns to Netflix and Apple TV has a buzzy new star-studded comedy. And Netflix has a controversial-but-appears-to-be-popular new game show. Plus big films like Toy Story 5, Backrooms and The Breadwinner head to streaming. And is East of Eden a hit? After that, The Kardashians return to Hulu, Prime Video has a reboot of Carrie, and Netflix has a horror show, Below. Disclosure Day heads to Peacock, The Housemaid heads to HBO Max_,_ a new Ben Affleck film, Animals, lands on Netflix, and Apple TV has a new John Cena action film based on, checks notes, Hasbro’s Matchbox toys. Okay. Longterm, some interesting TV production news. HBO Max ordered How to Survive Without Me, starring Kaley Cuoco, Joshua Jackson, Ray Romano and Rita Wilson, for fifteen episodes! I love that some streamers (or, at least, HBO Max) are finally ordering TV shows with more than eight episodes. In less wise production news, Landman does not appear to be coming back this year, since it just started production. Frankly, I don’t love this (get your shows out on time) but Landman is so popular, I doubt it matters.
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