Bernstein Says the Spotify-Netflix Analogy Is Wrong
It's tempting to compare Spotify's (NYSE: SPOT) recent push into original podcast content to Netflix's (NASDAQ: NFLX) wildly successful expansion into original video content. The Swedish music streaming leader has even directly encouraged such comparisons. Former CFO Barry McCarthy, who had previously served as Netflix CFO and retired earlier this year, put it bluntly last October: "So streaming was to Netflix as podcasting is to Spotify."
However, one Wall Street analyst threw cold water on that analogy this week.
Spotify CEO Daniel Ek. Image source: Spotify.
Source Fool.com
