Burry contrasted Disney and Netflix in a Substack post after Netflix shares dropped more than 7% on Friday following the company’s latest earnings report.
Netflix shares fell more than 7% on Friday after the company’s latest earnings report, as investor Michael Burry used the selloff to sharpen his criticism of the streaming company’s business model. In a recent Substack post, Burry wrote, "Disney produces wine. Netflix produces milk," suggesting a contrast between longer-lived entertainment assets and content with a shorter shelf life.