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Negotiators for Hollywood's major studios and striking film and television writers plan to meet again on Friday, the Writers Guild of America (WGA) said in a statement.

Negotiators for Hollywood's major studios and striking film and television writers failed to reach an agreement to end a months-long stalemate after meeting for a second straight day on Thursday, CNN reported.

Netflix ( NASDAQ:NFLX ) stock is down around 20% from its 52-week high following its latest bearish plunge. Undoubtedly, the video-streaming beast was in need of a cool-off after soaring nearly 170% from trough to peak. And though there remain considerable challenges ahead, I view the 20% dip as buyable. The broader streaming market may have lost its luster, but Netflix remains a king among men. As the company branches off into gaming and more immersive content while embracing new tech like generative artificial intelligence (AI) and spatial computing, it's hard not to be tempted to buy shares now that they're back below $400. Like so many analysts covering the name, I am bullish. There's no sugar-coating it. September 21 was a dreadful day for growth-savvy tech investors, as the Nasdaq 100 ( NDX ) sunk by nearly 2%, bringing it down just north of 4.5% for the week. The major tech-heavy index may be rolling over, but there is hope for Netflix stock as it looks to buck the trend. Despite Thursday's market bloodbath, it was notable that Netflix stock only fell by 0.56%, thanks in part to some good news for the industry -- the end of the Hollywood strike seems to be in sight. Finally, Some Progress on the Hollywood Writers' Strike Although the strikes — now going on 142 days — aren't officially over, it certainly seems like there's light at the end of the tunnel for the broader media and streaming space as negotiations resume. Undoubtedly, a formal end to the strike could act as the tide that lifts all boats in the streaming world. For now, it was a win for Netflix stock to walk away from a horrid day down less than a percentage point as its FAANG rivals plunged, with Amazon ( NASDAQ:AMZN ) stock shedding 4.4% on the day. Even if recent Hollywood strike negotiations backtrack, Netflix still has a pretty deep content lineup to keep its users entertained through 2024. In a way, Netflix has stocked up on plenty of water for this Hollywood writers' drought. Though strikes are bad news for all players in the streaming scene, a drought is certainly far more painful for a firm that lacks a backlog of content. Further, if strikes push into next year, Netflix may be able to take a bit of market share away from rivals as the pace of new content begins to slip. In any case, Netflix stock isn't as sensitive to the strike. With such a backlog to lean on amid strikes, the company has what it takes to outlast its peers. Further, Netflix looks to have the tech talent to make the most of the generative artificial intelligence (AI) boom. Netflix, like many other firms that aren't actively working on AI hardware or software, has dabbled with AI. In the long term, the company may be able to introduce AI-generated content and perhaps even the likeness of various actors. Such a potential AI strategy is the premise of one of the episodes ( Joan is Awful) from the latest season of Black Mirror. I'd argue that such a dystopian reality may not be far off, given how quickly the field of generative AI is advancing. Apple Vision Pro: Can Netflix Thrive in the Realm of Spatial Computing? Apple's ( NASDAQ:AAPL ) spatial computer, the Vision Pro, is getting Disney's ( NYSE:DIS ) streaming service Disney+ on day one. As streamers make the jump to a new, three-dimensional medium, Netflix needs to follow suit or run the risk of being left behind in 2D. Personally, I think Netflix could thrive as spatial computing moves into prime time. For such an innovative company that's embraced disruption, Netflix may be the firm that helps pioneer more immersive streaming content. Of course, one can view 2D video content in Vision Pro via an augmented screen. However, it's more immersive 3D content that may be the golden opportunity for streamers to reinvigorate their growth profiles. Between Disney and Netflix, I'd be willing to bet that Netflix will be a winner as Apple single-handedly brings us all into the time of spatial computing. Don't expect a fully immersive Squid Game anytime soon, but I do think Netflix has many levers it can pull as new tech takes center stage. Is NFLX Stock a Buy, According to Analysts? On TipRanks, NFLX stock comes in as a Moderate Buy. Out of 31 analyst ratings, there are 18 Buys, 12 Holds, and one Sell recommendation. The  average Netflix stock price target is $476.04, implying upside potential of 23.9%. Analyst price targets range from a low of $293.00 per share to a high of $600.00 per share. The Bottom Line for Netflix Stock Netflix is still an innovator at heart, even without Reed Hastings as its top boss. From a long-term vantage point, Netflix has the means to grow as new tech trends take the world by storm. In the meantime, Hollywood strikes and macro headwinds are likely to dictate the trajectory of the stock. Though turbulence could be ahead, I believe the stock's ongoing fall has created a fantastic entry point. Netflix may not be one of the "Magnificent Seven" stocks. However, it's every bit as magnificent as the group that I think it was wrongfully excluded from. Disclosure

FuboTV ( NYSE:FUBO ), a sports SVOD (subscription video on demand) service stock, is currently trading at $2.49, a remarkable 97% increase from its 52-week low of $0.96. Despite this rally, I see room for further upside moving forward. The company has consistently demonstrated robust growth and has set its sights on achieving positive cash flow by Fiscal Year 2025. While there may be volatility ahead due to concerns over the company's ability to deliver on its targets, I remain bullish due to FUBO's prospects. Strong Growth, Ambitious Targets to Fuel the Stock's Performance FuboTV's explosive rally is being fueled by the company sustaining very strong growth, as well as setting an ambitious future target. Let's talk about these two factors separately. Strong Growth Despite Saturation in Streaming FuboTV's most recent Q2 results showcased the company's ability to maintain growth despite streaming companies suffering from industry saturation. Everyone in the streaming space, from Netflix ( NASDAQ:NFLX ) to Disney ( NYSE:DIS ) to Amazon ( NASDAQ:AMZN ) to AT&T ( NYSE:T ), among others, has been posting inspiring metrics. This is due to the industry becoming saturated as a result of intense competition. In turn, this has resulted in higher churn rates and a lack of pricing power. Conversely, FuboTV's unique sports-oriented live SVOD model has risen above this problem. In its most recent Q2 results, fuboTV posted excellent revenue growth of 41% to reach $312.7 million. This result actually implies an acceleration from the previous quarter's growth of 34%. Notably, it contrasts quite well with virtually all other major SVOD platforms, which, as I mentioned, have not performed well lately. The company's unique focus on live sports has allowed it to set itself apart among consumers, even in challenging market conditions. Evidently, fuboTV's subscribers grew by 23% to 1.167 million. Besides a larger number of subscribers, revenue growth was powered by a 13% boost in average revenue per user (ARPU) to $81.62 - a new record for the company. Both metrics clearly illustrate robust consumer demand for the company's service. Another encouraging highlight in the company's Q2 results was the company posting $305 million in revenues in its North American segment, beating management's previous guidance for revenues of $295 million. Accordingly, management confidently reassured investors regarding its profitability target. Ambitious Target to be Cash-Flow Positive by Fiscal 2025 The second catalyst currently fueling fuboTV stock is the company's ambitious ability to be cash-flow positive by Fiscal 2025. The fact that the company has struggled to reach profitability so far has been the primary reason behind the stock's post-pandemic plunge. With management confident that losses should come to an end sooner rather than later, investors' confidence in the stock has strengthened significantly. With FUBO implementing rigid cost control while growing its top line, its margins have managed to rise, in line with management's goal. Specifically, in Q2 2023, the company’s adjusted EBITDA margin improved from -31.6% to -9.8%. This is a very significant improvement, clearly showing that fuboTV's business model is scalable, contrary to past concerns over such a claim. One argument bears could still raise is that the company is still posting losses. Indeed, operating losses came in at $52.5 million for the quarter. However, this makes for a massive improvement over last year's operating loss of $91.4 million. The point in focus here is whether the company can actually sustain these losses. Fortunately, it can. That's at least what fuboTV's management believes. In particular, during the Q2 earnings call, FUBO’s management stated, “[We]... ended the quarter with $300 million in cash, cash equivalents and restricted cash. We are confident that this provides us with sufficient liquidity to fund our operating plan as we target positive free cash flow in 2025.” This suggests that the company likely won't have to raise more money. Thus, further dilution/balance sheet damage appears improbable. Is FUBO Stock a Buy, According to Analysts? Turning to Wall Street, FUBO features a Hold consensus rating based on one Buy and three Holds assigned in the past three months. At $4.00, the average  FUBO stock forecast implies 60.6% upside potential. The Takeaway In closing, fuboTV's stock surge in recent months underscores its impressive growth and ambitious future goals. In the midst of a fiercely competitive streaming industry, fuboTV's unique sports-oriented live SVOD model has enabled it to thrive. Its Q2 results were a testament to that. Crucially, fuboTV's aim to achieve positive cash flow by Fiscal 2025 has bolstered investor confidence. Despite lingering concerns about operating losses, their substantial reduction and a healthy cash reserve of $300 million suggest the company is on track without the need for additional fundraising. Meanwhile, fuboTV's stock is currently trading at a mere 0.6 times the midpoint of management's projected revenues for the current year. In light of this, I am confident that once the company achieves profitability, its shares are poised for a substantial valuation expansion. Consequently, I believe the potential for further upside remains promising. However, it's worth noting that investors should brace for a degree of share price volatility during this journey, as there is always the possibility that the company may not meet its targets. Disclosure

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Netflix (NFLX) closed the most recent trading day at $384.15, moving -0.56% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.64%. Elsewhere, the Dow lost 1.08%, while the tech-heavy

Netflix NFLX is bringing back the iconic Onimusha with an anime adaptation. Based on Capcom's renowned video game, the new series will premiere globally on Nov 2.Takashi Miike, known for his groundbreaking swordplay in 13 Assassin

Indian billionaire Mukesh Ambani's broadcasting unit Viacom18 is set to sign a lease deal with Blackstone-owned Nucleus Office Parks for its new headquarters in Mumbai, spread over 400,000 square feet, six sources familiar with the matter said.

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Negotiators for the striking Writers Guild of America (WGA) and Hollywood studios will meet again on Thursday to try to resolve a nearly five-month standoff that has disrupted film and television production.

Negotiators for the striking Writers Guild of America (WGA) and Hollywood studios will meet again on Thursday to try to resolve a nearly five-month standoff that has disrupted film and television production.

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Netflix stock is down 17% from its July highs, and sentiment is broadly negative amid the ongoing Hollywood strikes. Here's why now is the time to buy the dip on this FAANG name.

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