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Michael Burry Compares Netflix to 'Milk,' Disney to 'Wine,' as NFLX Stock Falls 50% from Peak

GateNews
According to Business Insider, in a recent Substack post, Michael Burry, the investor known for "The Big Short," criticized Netflix for lacking enduring content value. Burry compared Disney to "wine that improves over time" and Netflix to "milk that spoils," arguing that Disney properties like Star Wars and Avengers pass the "longevity test" for cross-generational rewatchability, while Netflix originals such as Stranger Things fail to demonstrate lasting appeal. Netflix shares have declined to $67.60 on Monday (July 20) from over $130 a year ago, losing nearly 50% of their value, though Burry does not view this as a buying opportunity given the company's slowing revenue and subscriber growth amid intensifying streaming competition.
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