Heard on the Street: The ultimate irony of Jeff Bezos spending $715 million to make a “Lord of the Rings” TV series is that, among streaming services, Amazon might be least in need of it
Netflix’s subscriber count fell for the first time in nearly a decade, causing its stock to post its worst one-day percentage decline since 2004. WSJ’s Joe Flint walks us through three strategies the company might try to continue growing, and what the changes could mean for other streamers. CORRECTION: An earlier version of this caption said Netflix's stock plummeted to its lowest point since 2004.
This week saw the debut of “The Lord of the Rings: The Rings of Power” on Amazon’s Prime Video service. It is the first major TV series based on J.R.R. Tolkien’s iconic literary property. It is also the first timeon a single season of television—and a short one at that. The first season will last eight episodes. If each runs about 60 minutes then that expenditure, which includes the rights paid to Mr.
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