Netflix reports Q2 earnings at market close tomorrow. Analysts don't expect looming competition from streaming competitors to threaten its Q2 growth targets of 0.3 million domestic subscriber adds and 4.7 million international subscriber adds this quarter.
Print writers turn to television for the big bucks
A collection of well-off TV studios and streaming services are competing with traditional media companies for a generous slice of the home entertainment space, and bringing glossy magazine writers along by buying the rights to develop their stories into hit shows, Bloomberg reports.
Why it matters: Big Tech's efforts to take over Hollywood stems from its poaching of talent and franchises. Over the past year, companies such as Netflix, Amazon and Hulu have hired top TV producers to create hit shows. It's no surprise then, that these same companies are paying or hiring big print writers to develop hit storylines.