ZoomerMedia Ltd ZUMRF

Netflix and ZoomerMedia

[PitchinPennies]

Overall, the trendline is looking not-so-rosy for media stocks. Over the last six months, NFLX is down to US$192 today, from its high of US$691 in mid-November. The explanation: the market is oversaturated in content. Post-Covid, there's too much media and not enough eyeballs to go around. More evidence of this fact is the decision to shut down CNN+ after a three-week run, at an estimated loss of US$250 million. Of course, ZoomerMedia has always been a penny stock, and always will be a flyspeck, Znaim's ego size to the contrary.

But the takeaway lesson is that there's way too much media and not enough consumers of media, and that will hurt ZUM as much its larger, more serious market competitors.

I mean, who needs the broadcast assets in a Roku planet, where there are streaming sources everywhere showing the same content (Doc Martin, Murder She Wrote, Marilyn's Singalong Jubilee) on demand? I say there's a 66 per cent downside in store for ZUM's share price, in line with the NFLX swoon.

[winnerswing]

You compare both fruits (medias), but you compare apples and oranges. I prefer Zoomer, but Netflix starts to be interesting.

[PitchinPennies]

If we're talking about fruit -- and with Znaim as the topic of conversation, of course we're talking about fruit -- then, Netflix would be the county-fair blue ribbon prize-winning watermelon. And ZUM is a teensy grape that turned into a raisin, that a 400-pound man stepped on and ground into the carpet on his way back to the buffet table for more of that delicious watermelon.  And